Wave Rider EA V4.1 MT5

📖 Introduction

The Wave Rider EA V4.1 is a professional automated trading system designed exclusively for XAUUSD (Gold) on MetaTrader 5. It combines scalping speed with intelligent recovery or single-position exit strategies. Using triple timeframe confirmation (H1 trend + M15/M30 entry signals), the EA ensures trades never fight the market structure. Most positions close within 30 minutes, minimizing exposure while maximizing control. With 4 independent strategies and 3 layers of account protection, this EA has survived every gold crash since its release.

⚙️ Key Features

• 🔹 4 Trading Strategies – S01 (Support/Resistance), S02 (Pullback), S03 (Trend Breakout), S04 (M5 Bounce)
• 🔹 Triple Timeframe Confirmation – H1 trend filter + M15/M30 entry triggers + volatility gatekeeper
• 🔹 Two Trade Modes – Recovery (progressive grid, no martingale) or Single Position (SL/TP with trailing stop)
• 🔹 3 Layers of Protection – Daily Drawdown Limit, ATH (All-Time High) Protection, Dynamic Flash Crash Exit
• 🔹 Progressive Grid Spacing – Order distances increase geometrically (1.2x multiplier) to prevent margin collapse
• 🔹 Prop Firm Friendly – Single Position mode complies with FTMO, MFF, and other challenge rules
• 🔹 Visual Dashboard – Real-time equity, drawdown, strategy status, and clickable “Close All” button
• 🔹 Auto Risk Management – Fixed lot, %-based risk, or custom scale

📊 Recommended Settings

• 📌 Symbol: XAUUSD (Gold with 2 decimal places – e.g., 2645.30)
• 📌 Timeframe: Any (EA uses hard-coded M1/M5/M15/M30/H1)
• 📌 Minimum Deposit: $300 (Single Position) / $800+ (Recovery mode)
• 📌 Leverage: 1:100 minimum, 1:500 recommended
• 📌 Brokers: VT Markets, IC Markets, Fusion Markets, FP Markets (ECN/RAW, 2-digit Gold)
• 📌 VPS: Required for 24/5 operation (1GB RAM, 20GB SSD)
• 📌 Trade Mode (Prop Firms): Single Position with 220p SL / 100p TP / Trailing Stop
• 📌 Trade Mode (Personal): Recovery with 16 grid levels, 1.0 lot multiplier, 22p initial distance

✅ Advantages

• ✔️ Never fights the trend – triple confirmation ensures H1 alignment
• ✔️ No martingale by default – lot multiplier fixed at 1.0
• ✔️ ATH protection prevents buying at historical tops
• ✔️ Dynamic exit stops flash crashes faster than standard SL
• ✔️ Low market exposure – average trade lasts 27 minutes
• ✔️ Verified live signal: 49% growth with 7.8% max drawdown (8 weeks)
• ✔️ Works on prop firm challenges (Single Position mode)

❌ Disadvantages

• ❌ Requires specific brokers – no Exness or 3-digit Gold quotes
• ❌ Low trade frequency – may sit idle for hours or days in choppy markets
• ❌ Recovery mode needs $800+ minimum for safe operation
• ❌ Complex configuration – 4 strategies and 20+ parameters can overwhelm beginners
• ❌ Not suitable for $100 accounts or high-frequency traders

🌐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.