Introduction

Wave Rider EA V3.3 MT5 is an automated trend-following trading system developed for the MetaTrader 5 platform. It is designed to identify and trade structured price waves by aligning positions with dominant market momentum. The system focuses on disciplined execution, predefined stop-loss protection, and controlled risk exposure to balance opportunity with capital preservation.

Key Features

Wave-based trend detection logic
Fully automated trade execution
Multi-layer confirmation (trend, momentum, volatility)
Built-in stop loss and take profit
Adjustable percentage-based or fixed lot risk settings
Break-even protection feature
Trailing stop functionality
Spread filtering mechanism
Drawdown and equity protection system
Optimized for MT5 backtesting and execution

Recommended Settings (Conservative Setup)

Risk per trade: 1%
Enable break-even feature
Enable trailing stop
Enable spread filter
Enable drawdown protection
Use moderate leverage
Backtest before live deployment
Use VPS for stable 24/5 execution

Backtest Result

Moderate and steady equity growth
Controlled drawdown levels
Stable risk-to-reward structure
Profit factor generally above 1.3 (data dependent)

Advantages

Structured wave-based trend trading
Strong built-in risk management
Fully automated execution
Adjustable risk flexibility
Break-even and trailing stop profit protection
Drawdown monitoring for capital preservation
MT5 platform performance benefits

Disadvantages

Performs best in trending markets
May underperform in ranging conditions
Moderate growth under conservative risk
Sensitive to broker spread and slippage
No guaranteed profitability
Requires proper configuration and testing

Installation & Setup Guide

Download the .ex5 file.
Open MetaTrader 5.
Click File → Open Data Folder.
Navigate to MQL5 → Experts.
Paste the EA file into the Experts folder.
Restart MT5.
Enable Algo Trading.
Open recommended symbol and timeframe.
Attach the EA from the Navigator panel.
Configure risk and protection settings carefully.
Enable trading permissions.
Confirm the EA is active and running properly.

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.