Wave Rider EA V3.3 MT5

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

1. Download the .ex5 file.

2. Open MetaTrader 5.

3. Click File → Open Data Folder.

4. Navigate to MQL5 → Experts.

5. Paste the EA file into the Experts folder.

6. Restart MT5.

7. Enable Algo Trading.

8. Open recommended symbol and timeframe.

9. Attach the EA from the Navigator panel.

10. Configure risk and protection settings carefully.

11. Enable trading permissions.

12. 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.