Introduction

Goldwave EA V2.35 MT5 is an automated trading system developed for the MetaTrader 5 platform. It is designed to analyze market conditions, identify trade opportunities, and execute trades automatically using predefined algorithms. The system focuses on structured, rule-based trading to maintain consistency and reduce emotional decision-making.

Key Features

Fully automated trading system
Advanced indicator-based strategy
Built-in Stop Loss and Take Profit
Dynamic risk management system
Works on multiple currency pairs
Compatible with different timeframes (M5, M15, H1)
Customizable trading parameters
Backtesting and optimization support
Fast execution on MT5 platform

Recommended Settings

Timeframe: M5 or M15
Currency Pairs: EUR/USD, GBP/USD, USD/JPY
Risk Level: 1% to 3% per trade
Lot Size: Auto lot or 0.01 for small accounts
Broker Type: ECN or low spread broker
VPS: Recommended for continuous operation
Trading Sessions: London and New York sessions

Backtest Result

Shows stable performance in historical testing (depends on settings)
Performs well in trending and stable market conditions
Drawdown varies based on risk configuration
Higher accuracy on low spread pairs
Live results may differ due to market volatility and execution conditions

Advantages

Eliminates emotional trading decisions
Saves time through full automation
Maintains consistency in trade execution
Fast and accurate order placement
Suitable for both beginners and experienced traders
Supports continuous trading with VPS

Disadvantages

No guarantee of consistent profits
Performance depends on market conditions
Requires stable internet or VPS
Sensitive to broker spreads and execution speed
Needs proper configuration and monitoring
Backtest results may not match live performance

Installation & Setup Guide

Download the EA file (.ex5)
Open MetaTrader 5
Go to File → Open Data Folder
Navigate to MQL5 → Experts
Paste the EA file into the Experts folder
Restart the MT5 platform
Drag and drop the EA onto a chart
Enable AutoTrading
Adjust settings (lot size, risk, etc.)
Confirm the EA is active on the chart.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.