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Real reviews from our 28,000+ customers
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.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
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.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Full refund before activation. Zero risk.
Change your mind before we activate the EA? You get a full refund, no questions asked. Simply email us within 7 days of purchase.
Once the EA is activated on your MT5 platform, the license is permanently yours and cannot be reclaimed. Refunds are only available before activation.
Installed directly from the MQL5 marketplace
Download updates yourself from the Purchases tab in MT5
Installed from the official marketplace, there's no difference
Wave Rider EA MT5
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.
Buy Now
Why pay full price at MQL5 without knowing how profitable this EA is?
Pay over 50% less for the exact same product — with all future updates included.
Don't risk being scammed by fake resellers. We are the only EA reseller rated Excellent on Trustpilot — check it yourself.
Original price was: $379.00.$229.95Current price is: $229.95.
Two Ways to Buy
The lowest genuine reseller price. Includes free future updates.
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.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
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.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
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.
Peter Jones
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Frequently Asked Questions
Is this an official product?
Yes. This is activated directly from the developer's official MQL5 marketplace listing—guaranteed authentic.
Unlike downloadable files (which can be fake or cracked), this EA is installed through MQL5's one-click activation system, ensuring you get the real product with full functionality and instant automatic updates.
When you buy from us, you're getting the exact same lifetime license as buying directly from MQL5—just at a fraction of the price.
Are updates always free and instant?
Yes, product updates for this EA are always free and instant.
They can be downloaded from within the terminal from the marketplace.
Just go to the product listing and click "update" if there's one available.
How do I get this after paying?
Most activations are completed within 15-30 minutes of purchase.
Here's the simple process:
This is an official MQL5 product that must be activated directly from the marketplace—it cannot be downloaded as a standalone file.
Installation process:
1. After purchase, we'll schedule a quick activation session (usually within a few hours)
2. You grant us temporary access via UltraViewer or AnyDesk (takes ~2 minutes), OR provide temporary VPS credentials
3. We activate the EA on your MT5 terminal(s)
4. Done! The EA is permanently yours with instant updates from MQL5
The entire process is secure and takes about 2 minutes.
After activation, no further involvement from us is needed.
How does the 7-day refund policy work?
If you change your mind before we activate the official product in your MT5 terminal, you are eligible for a full refund. Absolutely no questions asked.
Once it has been activated and is working correctly, refunds are no longer available and our regular 7-day refund policy does not apply.
Once we've activated it for you, we can't take it back and it's yours permanently.
How long does activation take?
Usually within a few hours of purchase, but often much faster.
Immediately after purchase, you'll receive an instructional PDF explaining the simple activation process.
Don't worry—it's straightforward, and our refund policy applies anytime before we activate the EA on your terminal.
What if I reinstall MT5 or get a new computer?
Activations are tied to your hardware ID, not your MT5 installation.
Free reactivation if:
• You reinstall MT5 on the same computer
• You accidentally delete MT5
• Windows updates cause issues (this is rare)
• You reinstall Windows (sometimes this doesn't work, but we will always attempt it for you)
Reactivation NOT possible if:
• You get a new computer (different hardware)
• You upgrade major hardware components (motherboard, etc.)
Important: Treat your installation with care. If you're planning to reformat or upgrade hardware, contact us FIRST so we can assist you.
Contact [email protected] with your order number if you need help.
Why should I buy here?
Buying directly on MQL5 means paying full price upfront—often $500-$1,500—without knowing if the EA will work for you. If it doesn't perform or the developer abandons it, there's no refund.
At CheaperForex, you get the exact same official, lifetime-licensed copy for up to 70% less. Test it at a lower risk before committing full price elsewhere.
We've been trusted since 2019, and every EA is yours forever—no renewals, no expiry, no surprises. Smarter investing in trading tools.