Wave Rider EA MT5

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 — available file
• delivered as the genuine .ex5 file for your MT5 terminals
• Free lifetime updates
• 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.