🌊 Wave Rider EA MT5 — Scalper Speed with Sniper Entries | Built for Gold

Hybrid scalper combining scalping speed with intelligent recovery — for XAUUSD traders who value precision.

Wave Rider EA is a hybrid gold scalping Expert Advisor built by Adam Hrncir — a software developer with 15+ years of engineering experience. The system combines 4 independent trading strategies with triple timeframe confirmation and 3 layers of account protection to deliver disciplined, high-precision XAUUSD scalping.

Most trades close in under 30 minutes — minimal market exposure, maximum control.

📊 Verified Performance

• ⭐ Perfect 5.0 / 5 rating from 25+ verified buyer reviews on MQL5
• 🛒 88 purchases per month — one of the fastest-selling XAUUSD EAs
• 📥 1,743 demo downloads — proven trader confidence
• 🟢 Live Signal Verified: Live Signal
• 📅 Version 4.1 — actively updated (April 2026)
• 🚀 Published February 2026 — current-generation algorithm
• 🏆 Author Rating: 1,579 — established MQL5 reputation

🎯 4 Strategies. One Goal. Consistent Gold Trading.

Gold has been volatile — sharp drops, sudden reversals, and news-driven spikes have wiped out countless accounts. Wave Rider was built with one principle: knowing when NOT to trade is just as important as knowing when to enter.

Each strategy targets a different market condition. Run them all together, or pick the ones that suit your style:

🎯 S01 — Support and Resistance

• Dual timeframe ZigZag-based detection of real support and resistance on M15/M30
• Zones where price actually reversed — not arbitrary lines
• Filters entries with volatility and trend strength confirmation

🎯 S02 — Pullback

• Watches multiple timeframes (M1/M5/M15) for momentum shifts
• Catches retracements at the right moment
• Bounce zone detection + exhaustion filtering to avoid false entries

🎯 S03 — Trend Breakout

• Detects when price breaks out of a consolidation range
• Momentum confirmation for high-probability entries
• Rides strong directional moves with multiple entries

🎯 S04 — M5 Strategy

• Identifies oversold/overbought bounce setups on M5
• Uses market strength, momentum, and candle pattern analysis
• Multiple confirmation layers keep entries precise

When one strategy waits, another may fire — giving you consistent coverage across different market conditions. All strategies support BUY and SELL — restrict to one direction only if preferred.

⚙️ Two Trade Modes. You Choose How to Manage Risk.

Wave Rider gives you a one-dropdown choice:

🔄 Recovery Mode (Grid) — Default

• Intelligent grid recovery with progressive spacing
• Configurable lot multiplier (default 1.0 — no martingale)
• Trailing stop and breakeven tracking
• Visual TP line on chart for clear monitoring
• Quick profit target — grab pips and exit
• Recovery activates only when needed — and can be disabled entirely

🎯 Single Position Mode (SL/TP)

• One trade only — fixed stop loss, fixed take profit
• Built-in trailing stop that locks profits as price moves favorably
• No grid. No recovery layers. Clean and simple
• Prop-firm friendly (note: prop firms create restrictive conditions — no results guaranteed)

Switch between modes with a single dropdown. Same high-quality entries either way.

🛡️ 3 Layers of Account Protection

Your account comes first. Wave Rider includes three independent protection systems:

🚨 Drawdown Protection

• Daily drawdown tracking against peak equity (percentage or money)
• Automatically closes all positions and pauses trading when threshold is hit
• Resets daily

🏔️ ATH Protection

• Prevents new entries when price is near all-time highs
• Configurable timeframe and percentage threshold
• Stop buying the top

⚡ Dynamic Exit

• Detects rapid adverse price moves
• Auto-closes all open positions during news spikes, flash crashes, or sudden reversals

📐 Triple Timeframe Confirmation. No Fighting the Trend.

• 📈 H1 EMA Filter — detects the overall trend direction
• 🎯 M15/M30 Entry Confirmation — entries only trigger when lower timeframes align WITH the H1 trend
• 🚫 Wave Rider never opens positions against the trend — no fighting the market, no speculating on choppy markets about to flip
• ⚙️ Configurable fast/slow EMA periods with optional alignment and separation requirements

🖥️ Visual Dashboard & Full Transparency

• On-chart visual dashboard with real-time:
  • Account info
  • Daily drawdown
  • Strategy status (Disabled / Waiting / Active)
  • Daily P/L per strategy
  • TP / breakeven prices
• "Close All Positions" button for instant manual override
• Customizable font, font size, and DPI scaling

🎚️ Position Sizing Options

• Fixed Lot — your chosen lot per trade
• Auto Risk — scales with balance (Very Low → Very High)
• Custom Scale — your own ratio

⏰ Time Management

• Multiple trading windows per day
• Separate Friday schedule
• Automatic NFP detection — pauses around Non-Farm Payrolls
• Per-strategy time ranges (configure each strategy independently)

💰 Why Wave Rider EA?

• ✅ Perfect 5-Star Rating — 25+ verified buyer reviews on MQL5
• ✅ 88 Purchases/Month — actively trusted by the community
• ✅ 4 Strategies in One EA — diversified market condition coverage
• ✅ 2 Switchable Trade Modes — Grid Recovery OR Single Position (prop-firm friendly)
• ✅ Triple Timeframe Confirmation — never fights the trend
• ✅ 3-Layer Protection System — Drawdown + ATH + Dynamic Exit
• ✅ Live Signal Verified — real-money proof on MQL5
• ✅ Pre-Optimized Defaults — works out of the box
• ✅ Developer-Built for His Own Trading — Adam Hrncir trades with this EA himself
• ✅ Active Updates — V4.1, April 2026, ongoing improvements
• ✅ No DLL Required — clean install, broker-safe

🛡️ Safe Trading — Multi-Layer Discipline

• ✔️ Triple timeframe confirmation — entries only with H1 trend alignment
• ✔️ Never fights the trend — no counter-trend gambling
• ✔️ No choppy market entries — sits out during dangerous conditions
• ✔️ Daily drawdown circuit breaker — auto-closes when limit hit
• ✔️ ATH protection — stops buying near all-time highs
• ✔️ Dynamic exit — protects against news spikes and flash crashes
• ✔️ Recovery can be disabled — switch to pure single-position mode
• ✔️ NFP auto-detection — avoids known volatility events
• 🚫 No martingale by default — lot multiplier set to 1.0
• 🚫 No DLL — zero third-party dependency

⚙️ Technical Specifications

• 💻 Platform: MetaTrader 5 (MT5)
• 📦 Version: 4.1 (Latest — April 2026)
• 🔧 DLL Required: No — fully self-contained
• 📊 Symbol: XAUUSD (Gold) — exclusive
• 🕐 Timeframe: Any (strategies use hard-coded internal timeframes)
• 🎯 Strategies: 4 independent (S01-S04) + 2 trade modes
• 📈 Trend Filter: H1 EMA + M15/M30 confirmation
• 🛡️ Protection Layers: Drawdown + ATH + Dynamic Exit
• 🔒 Trade Modes: Grid Recovery (default) OR Single Position (SL/TP)
• 💵 Minimum Deposit: $300 (0.01 lot, Grid mode) or $150 (Single Position mode)
• 💰 Recommended Deposit: $800+ for comfortable grid recovery
• 📐 Leverage: 1:100 minimum, 1:500 recommended
• 🏦 Account Type: Hedge
• ☁️ VPS: Recommended for 24/5 operation
• 🔓 Activations: Unlimited 
  

🏦 Recommended Brokers

Wave Rider works on most brokers, but performs best on:

✅ ECN/RAW Spread brokers with 2-digit XAUUSD pricing:

• JustMarket 

❌ Not Recommended: Exness and other 3-digit XAUUSD brokers

📦 What's Included

• ✅ Wave Rider EA V4.1 .ex5 file for MT5
• ✅ 4 battle-tested trading strategies
• ✅ 2 trade modes (Grid Recovery + Single Position)
• ✅ Built-in trailing stop for both modes
• ✅ Triple timeframe trend confirmation
• ✅ 3 layers of account protection
• ✅ Built-in volatility analyzer
• ✅ Visual dashboard
• ✅ Pre-optimized default settings — works out of the box
• ✅ Ongoing updates and improvements
• ✅ Direct support from the developer
• ✅ FxPrisma support via Telegram @Fxprisma

🚀 How to Install

1. Purchase and download Wave Rider EA V4.1 .ex5 file
2. Open MT5 → File → Open Data Folder
3. Go to MQL5 → Experts → paste the .ex5 file
4. Restart MT5 and open your XAUUSD chart (any timeframe)
5. Drag Wave Rider onto chart — pre-optimized defaults work out of the box
6. Choose your trade mode: Grid Recovery (default) or Single Position
7. Enable Auto Trading — Wave Rider rides the gold waves 🌊

🎯 Ideal For

• ✔️ XAUUSD gold scalping specialists
• ✔️ Traders wanting multi-strategy diversification in one EA
• ✔️ Prop firm participants (Single Position mode)
• ✔️ MT5 algorithmic traders with VPS infrastructure
• ✔️ Risk-conscious traders who want optional grid + multiple safety layers
• ✔️ Disciplined traders who value "knowing when not to trade"
• ✔️ Set-and-forget VPS automation seekers
• ✔️ Beginners ($150 min in Single Position mode) and advanced traders alike

🎬 Live Resources

• 📺 YouTube Video Review: Available on the FxPrisma channel
• 📖 Detailed Manual: Available on MQL5 blogs
• 🟢 Live Signal: Monitor real performance

⚠️ Important Notes

🔴 Grid Recovery Disclosure: Wave Rider's default mode uses intelligent grid recovery. While the default lot multiplier is 1.0 (no martingale), grid systems require sufficient margin during extended adverse moves. Use the built-in drawdown protection and start with conservative lot sizes.

🔴 Single Position Alternative: If you reject grid entirely, switch to Single Position mode for clean SL/TP trading. Same entry quality, no recovery layers.

🔴 Broker Choice Matters: ECN/RAW brokers with 2-digit XAUUSD pricing deliver best results. Exness and other 3-digit brokers are explicitly not recommended.

⚠️ Risk Warning

Trading foreign exchange and CFDs on Gold (XAUUSD) carries a high level of risk and may not be suitable for all investors. Past performance, including the verified MQL5 live signal and 5-star reviews, is not indicative of future results. Grid trading requires sufficient margin — use Wave Rider's built-in drawdown protection features and start with conservative lot sizes. Wave Rider is a professional tool built for patient traders who understand risk management. Always test on a demo account first. Only trade with capital you can afford to lose.