What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
What our customers say
Selected Trustpilot feedback about CheaperForex support, setup and service.
Wave Rider EA MT5
Wave Rider EA for MT5 by Adam Hrncir is a hybrid grid-scalper for XAUUSD that combines scalping speed with intelligent grid recovery. Triple timeframe analysis (H1 trend + M15/M30 entry confirmation) means it never trades against the trend. Four independent strategies — Support & Resistance, Pullback, Trend Breakout, and M5 Bounce — give you continuous coverage across different market conditions. No martingale, progressive grid spacing, three layers of account protection.
The verified MQL5 live signal shows 49% growth in 8 weeks at 7.8% maximum drawdown and 79.3% profit trades on VTMarkets at 1:500. The high-risk backtest produced a 5.49 profit factor with 82.95% win rate across 997 trades on 100% history quality data. Built around Drawdown Protection, ATH Protection, and Dynamic Exit for multi-layer capital safety. Visual on-chart dashboard shows real-time strategy status, daily P/L, and account info. 19 verified 5-star MQL5 reviews to date.
- ✅ 49% live in 8 weeks — VTMarkets verified signal, 7.8% max drawdown, 79.3% profit trades
- ✅ 4 strategies in one EA — Support/Resistance, Pullback, Trend Breakout, M5 Bounce — continuous market coverage
- ✅ 5.49 PF, 82.95% WR backtest — 997 trades on 100% history quality, 2.20% balance drawdown
49% live in 8 weeks. 5.49 PF backtest. 4 strategies. 3-layer protection.
Original price was: $499.00.$249.95Current price is: $249.95.
- Current developer build from the MQL5 Market. Every future update lands inside your MT5 the moment the developer releases it, at no extra cost.
- We install it into your MT5 for you, usually within hours of purchase. See how it works
- Change your mind? Full refund within 7 days, as long as the EA has not been activated.
What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
Quick Summary:
Wave Rider EA for MT5 is a hybrid grid-scalper Gold trading system by Adam Hrncir. The architecture combines scalping speed with intelligent grid recovery — but unlike blind grid systems, Wave Rider uses triple timeframe analysis (H1 trend filter plus M15/M30 entry confirmation) so it never trades against the established trend. Four independent strategies cover different market conditions, with three layers of account protection (Drawdown, ATH, Dynamic Exit) safeguarding your capital.
The high-risk backtest produced a 5.49 profit factor and 82.95% win rate across 997 trades on 100% history quality data, with maximum balance drawdown of just 2.20%. The Sharpe ratio of 27.89 and recovery factor of 7.25 are exceptional. The verified MQL5 live signal backs up the architecture: 49% growth in 8 weeks at 7.8% maximum drawdown and 79.3% profit trades, with a near-linear growth curve that matches what the multi-timeframe selectivity should produce. Wave Rider has earned 19 verified 5-star MQL5 reviews from buyers since release, with active development and ongoing updates from the developer.
Official MQL5 Listing:
Wave Rider EA MT5 — MQL5 Marketplace
Why Wave Rider
Wave Rider is built for traders who want disciplined Gold trading from a developer who treats grid recovery as a safety net, not a strategy:
- 4 independent strategies — Support/Resistance (M15/M30 ZigZag-based zone detection), Pullback (M1/M5/M15 momentum shift catching), Trend Breakout (consolidation breakouts with confirmation), and M5 Bounce (oversold reversal patterns). Run all four or pick the ones suiting your style.
- Triple timeframe trend filter — H1 EMA confirms direction, M15/M30 confirms entries. The system never opens positions against the established H1 trend.
- Grid recovery as safety net, not strategy — grid only activates if price moves against an open position, with progressive spacing that gets wider as depth increases. No martingale lot multiplication.
- 3-layer account protection — Drawdown Protection (auto-pauses trading at your daily threshold), ATH Protection (prevents top-buying), Dynamic Exit (closes the grid on rapid adverse moves).
- Visual on-chart dashboard — real-time display of account balance, daily drawdown, per-strategy status (Disabled/Waiting/Active), daily P/L, and TP/breakeven prices.
- Pre-optimized default settings — works out of the box, no parameter tweaking required to get started.
- Active developer support — direct support from Adam Hrncir, with ongoing updates and improvements (currently version 3.5).
Live Signal Performance Snapshot
Verified MQL5 live signal numbers (VTMarkets-Live 6, 1:500 leverage):
- ✅ 49.09% growth in 8 weeks — 300.95 EUR initial → 448.69 EUR equity (147.74 EUR profit)
- ✅ 7.8% maximum drawdown — controlled even for a grid system
- ✅ 79.3% profit trades — closely matches the 82.95% backtest figure
- ✅ Near-linear growth curve — no spike-and-recover patterns typical of grid blow-up risk
- ✅ 0.2% trading activity — confirms the 4 strategies are genuinely selective
- ✅ 100% algo trading, 0 EUR withdrawals — all gains compounded back into the account
View the verified Wave Rider live signal on MQL5 →
Backtest Performance Snapshot
Backtest headline numbers (XAUUSD, High Risk profile, 100% history quality):
- ✅ 5.49 profit factor — gross profits 5.49x gross losses
- ✅ 82.95% win rate — 827 wins / 170 losses across 997 trades
- ✅ 2.20% balance drawdown — exceptionally controlled
- ✅ 14.89% maximum equity drawdown — controlled even during grid recovery sequences
- ✅ Sharpe ratio 27.89, recovery factor 7.25 — institutional-grade risk-adjusted returns
- ✅ 0.93 LR correlation — strong near-linear equity progression
- ✅ 83.39% long win rate, 80.41% short win rate — system works in both directions
EA Setup at a Glance
- Platform: MetaTrader 5
- Instrument: XAUUSD (Gold) only
- Timeframe: Any chart timeframe (strategies use hard-coded internal timeframes — H1, M30, M15, M5, M1)
- Strategies: 4 independent (S01-S04), each targeting different market conditions
- Grid: Progressive spacing recovery, no martingale
- Trend filter: H1 EMA-based, prevents counter-trend entries
- Account protection: Drawdown Protection (% or money), ATH Protection, Dynamic Exit
- Position sizing: Fixed Lot, Auto Risk (scales with balance), or Custom Scale
- Time management: Multiple trading windows per day, separate Friday schedule, automatic NFP detection, per-strategy time ranges
- Account type: Hedging required
- Leverage: 1:100 minimum, 1:500 recommended
- Minimum deposit: $300 (0.01 lot), $1,000+ recommended for comfortable grid recovery
- VPS: Recommended for 24/5 operation
- Recommended brokers: VT Markets, IC Markets, IC Trading, Fusion Markets, FP Markets, FxTrading or similar ECN/RAW spread brokers
From Active MQL5 Developer Adam Hrncir
Adam Hrncir is an active MQL5 developer with multiple updates already shipped on Wave Rider since its February 2026 release. Currently at version 3.5 with continuing iteration. Wave Rider has accumulated 19 verified MQL5 reviews from buyers since release, with the developer responding personally to feedback and questions on the marketplace listing.
The development philosophy reflected in Wave Rider’s design is conservative for a Gold EA: grid recovery exists as a safety mechanism rather than a primary profit strategy, no martingale lot escalation, multiple independent layers of account protection, and explicit triple timeframe trend filtering to prevent the most common grid-killing scenario (counter-trend entries during established directional moves).
Who Wave Rider MT5 Is For
Ideal for traders who:
- Want a multi-strategy Gold EA with continuous market coverage rather than a single-trick system
- Need broker flexibility — works with most ECN/RAW spread brokers
- Value built-in account protection layers over having to engineer their own risk management
- Understand grid mechanics and accept that grid recovery means temporary floating drawdowns
- Want the developer’s pre-optimized defaults rather than spending weeks tuning parameters
- Have $300+ minimum, $1,000+ recommended for comfortable operation
Consider alternatives if you:
- Want zero grid mechanics — try a fixed-SL Gold scalper instead
- Need a long-established live track record — Wave Rider was released February 2026
- Run prop firm challenges that ban grid trading
- Trade on MT4 — no MT4 version currently available
What You Receive
- Wave Rider EA for MT5 — Latest Version
- Installed directly to your MT5(s) from the official MQL5 marketplace
- Free lifetime updates (which you can download yourself)
- Pre-optimized default settings — works out of the box on XAUUSD
Risk Disclaimer
Past performance does not guarantee future results. Trading foreign exchange and CFDs carries a high level of risk. The high-risk backtest shown demonstrates the system’s logic across the test period — live results will vary based on broker conditions, slippage, and market regime. Grid trading requires sufficient margin headroom — use the built-in Drawdown Protection feature and start with conservative lot sizes. The recovery grid is a safety net, not a primary strategy. Always test on a demo account first. Do not trade with funds you cannot afford to lose.
Want the Full Breakdown?
📖 Read our complete Wave Rider EA review with 8-week live signal analysis →
Includes detailed breakdown of all 4 strategies and what each one targets, the triple timeframe trend filter explained, how the 3-layer protection system actually prevents account blow-up, the on-chart dashboard walkthrough, why the live signal’s near-linear curve matters, step-by-step installation guide, broker recommendations with reasoning, and answers to the most common Wave Rider questions.
FAQs
What is Wave Rider EA for MT5?
Wave Rider EA for MT5 is a hybrid grid-scalper Gold trading system by Adam Hrncir. It combines scalping speed with intelligent grid recovery on XAUUSD, using triple timeframe analysis (H1 trend filter plus M15/M30 entry confirmation) to ensure trades only fire when market structure aligns. The high-risk backtest produced a 5.49 profit factor and 82.95% win rate across 997 trades.
What are the 4 strategies and what do they do?
S01 — Support and Resistance: detects real reversal zones on M15/M30 using ZigZag analysis with volatility and trend strength filters. S02 — Pullback: catches retracements on M1/M5/M15 using momentum shift detection and exhaustion filtering. S03 — Trend Breakout: identifies consolidation breakouts with momentum confirmation, riding strong directional moves with multiple entries. S04 — M5 Strategy: identifies oversold bounce setups using market strength, momentum, and candle pattern analysis. They run independently — when one waits, another may fire.
Does Wave Rider use martingale?
No. The grid recovery system uses progressive spacing (grid levels get wider as depth increases) rather than martingale lot multiplication. The grid is positioned as a safety net that only activates when the market moves against an open position — not as the primary profit strategy. Combined with the H1 trend filter that prevents counter-trend entries, this keeps grid drawdowns controlled.
How does the triple timeframe analysis work?
Wave Rider uses an H1 EMA filter to detect overall trend direction, then only allows lower timeframe entries (M15/M30/M5/M1 depending on strategy) that align WITH the H1 trend. The configurable fast/slow EMA periods include optional alignment and separation requirements. This prevents the most common grid-killing scenario — opening positions against a strong directional trend that doesn’t reverse.
What’s the 3-layer protection system?
Layer 1 — Drawdown Protection: tracks daily drawdown (percentage or money) and automatically closes all positions when your threshold is hit, then resets daily. Layer 2 — ATH Protection: prevents new entries when price is near all-time highs (configurable timeframe and percentage threshold) — stops you buying the top. Layer 3 — Dynamic Exit: detects rapid adverse price moves and auto-closes the entire grid to protect from news spikes, flash crashes, and sudden reversals.
Which broker should I use for Wave Rider?
The developer recommends ECN/RAW spread brokers including VT Markets, IC Markets, IC Trading, Fusion Markets, FP Markets, and FxTrading. Hedging account required (one-position-per-symbol netting accounts won’t work). Minimum 1:100 leverage, 1:500 strongly recommended for comfortable grid recovery margin. Tight Gold spreads are essential for scalping component performance.
What’s the minimum deposit?
$300 minimum for 0.01 lot operation. $1,000+ recommended for comfortable grid recovery — the grid needs margin headroom to open multiple levels during adverse moves without hitting margin warnings. Larger deposits give the recovery system more room to work properly.
Do I need a VPS for Wave Rider MT5?
A VPS is recommended for 24/5 operation. Wave Rider’s grid recovery and dynamic exit features require continuous market monitoring — if your home connection drops while a grid is open, those positions become unmanaged, which is the most common scenario for grid-based EAs to fail. A forex VPS costs $13–25/month and ensures uninterrupted operation.
How buying from us works
Genuine build, installed for you, refund if you change your mind
CheaperForex buys the current build from the developer's live MQL5 Market listing and installs it on your machine through a CheaperForex-managed MQL5 account. That is why the price is lower than buying direct: you get one managed installation on one Windows PC or VPS, rather than a purchase recorded in your own MQL5 account.
- 1Order and pay
Card, Apple Pay, Google Pay or crypto, with 20% off for crypto at checkout.
- 2We arrange the installation
We connect to your Windows PC or VPS at a time that suits you and set the EA up inside MT5, usually within hours of purchase.
- 3Activate on one machine
The EA runs on that PC or VPS, in up to 10 MT5 terminals, with no subscription. The managed MQL5 account stays signed in there.
- 4Every update, instantly
Each new version the developer publishes appears inside your MT5 straight away, at no extra cost. Setup help is available by email and Telegram whenever you need it.
Not happy, or decided you would rather not have us connect to your machine? Ask within 7 days of purchase and, as long as the EA has not been activated, you get a full refund. Once activated, the license is assigned to that machine and cannot be refunded.
The purchase is not added to your personal MQL5 account and does not appear in your MQL5 purchase history. The managed account stays signed in on the activated machine, so moving or reinstalling the EA is done with our help, which is included.
Why Traders Trust Us
Us vs MQL5 Marketplace
See why 28,000+ customers choose us
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
