Wave Rider EA MT5 — Hybrid XAUUSD Gold Scalper
4.89/5 MQL5 · v5.56 · Adam Hrncir · AI Score 7.4/10
Wave Rider EA MT5 by Adam Hrncir is a MetaTrader 5 XAUUSD gold Expert Advisor built as a hybrid scalper: seven entry strategies, triple-timeframe confirmation, and a choice between default grid recovery or single-position SL/TP mode.
Listed at $499 on MQL5 (product 165897), version 5.56 (updated 5 August 2026), 4.89/5 from 46 ratings and 3,530 demos. Official High Risk live #2361754 posts ~+55% growth with PF 1.42 and ~34% maximal drawdown over 23 weeks. Our AI score is 7.4/10. Weigh that community strength against the default recovery mode and live track below before sizing capital. Everything below is geared to one question: should you test Wave Rider EA MT5 given your broker, capital, and fast scalping pace and spread sensitivity?
Performance Overview
Try Forex Tool Finder — or jump to ranked alternatives after market analysis.
🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our analysis of Wave Rider EA MT5, here is what the scores mean for traders evaluating this hybrid gold scalper:
📊 Accuracy: 76%
What this means: Live #2361754 shows ~76% profitable trades with ~33-minute average holds—tight scalps when structure aligns, not a guarantee every session will look the same on your broker.
💰 Profitability: 7.0/10
What this means: The High Risk live posts ~+55% growth with profit factor ~1.42. Positive over 23 weeks, but edge is modest versus the $499 price tag and recovery-mode risk.
⚡ Speed: 8.2/10
What this means: Most trades are designed to close in under 30 minutes (live average ~33 minutes)—scalper cadence with short market exposure when exits work as intended.
🛡️ Reliability: 6.5/10
What this means: Default mode is intelligent grid recovery (lot multiplier default 1.0, not classic martingale). Recovery Factor ~0.72 and ~34% max DD on the High Risk signal keep reliability capped until milder multi-regime proof appears.
🎚️ Ease of Use: 7.2/10
What this means: Seven strategies plus Recovery vs Single Position modes need deliberate setup—powerful if you follow seller presets, busy if you want a one-toggle bot.
🔧 Customization: 8.5/10
What this means: Enable/disable S01–S07, switch trade mode, and tune grid spacing or SL/TP. Strong flexibility for traders who will actually configure risk.
🔗 Compatibility: 8.0/10
What this means: MT5 + XAUUSD focus; seller highlights VT Markets, Vantage, Blackbull, Fusion, IC Markets, and FxTrading. ECN/RAW gold recommended.
🤝 Support: 8.2/10
What this means: MQL5 rating tooltips score support near the top of the product’s 4.89 aggregate—consistent with an actively updated listing through v5.56.
🔄 Update Frequency: 8.5/10
What this means: Published February 2026, updated 5 August 2026 to v5.56, with seller notes of continuous updates for 6+ months—including a v5.0 magic-number/settings migration warning.
⭐ Community Reviews: 9.0/10
What this means: 4.89/5 across 46 ratings and 3,530 demos is a strong market sample for a $499 gold EA—still read negatives and verify on demo.
Our AI score of 7.4/10 positions Wave Rider EA MT5 as a well-reviewed hybrid gold scalper with a real recovery-risk caveat. Community strength and active maintenance are clear; default grid recovery plus a High Risk live with modest PF keep this below “set and forget.”
Best suited for: MT5 gold traders who want multi-strategy entries, can fund recommended capital for grid mode ($800+ per listing), or will run Single Position mode for cleaner risk.
Proceed with caution if: You need no-grid-only risk or stronger live profit factors—see ranked alternatives.
Key Features & Benefits
🧩 Seven Entry Strategies
S01–S07 cover support/resistance, pullbacks, breakouts, M5 bounce, smart-money volume, momentum continuation, and impulse—run together or selectively.
⏱️ Triple Timeframe Filter
H1 trend plus M15/M30 confirmation aims to skip chop and counter-trend speculation before entries fire.
🔄 Recovery or Single Position
Default Recovery (Grid) uses progressive spacing and breakeven tracking; Single Position mode uses fixed SL/TP with trailing—better fit for prop-style constraints.
⚡ Scalper Cadence
Designed for short holds (often under 30 minutes) to limit overnight exposure when exits behave as intended.
🛡️ Account Guards
Listing highlights ATH protection, dynamic exits, and drawdown limits so the EA can sit out when structure is unsafe.
📈 Official Live Track
Review #2361754 High Risk (~+55%, PF 1.42, ~34% max DD, 23 weeks) before purchasing.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Wave Rider EA MT5
⭐ Strong Market Rating
4.89/5 from 46 ratings and 3,530 demos show broad interest at a premium price—still not a substitute for your own forward test.
⚠️ Respect Default Grid Mode
Recovery is the default. Use Single Position if you need fixed SL/TP risk, and fund grid mode only if you accept layered exposure.
🔀 Explore other options
Not set on this hybrid gold scalper? See our ranked alternatives below—each with AI scores and a one-click compare view.
Market Performance & User Feedback
Official listing: Wave Rider EA MT5 on MQL5. Live signal: #2361754 High Risk (~+55% growth, PF 1.42, ~34% max DD, 304 trades, 23 weeks; temporarily disabled for new subscribers at scrape time).
👍 What stands out
- Excellent 4.89/5 community rating across 46 reviews
- Active maintenance through v5.56 with multi-month update cadence
- Flexible Recovery vs Single Position risk modes plus seven strategies
- Published live track with short average hold times (~33 minutes)
⚠️ Limitations to weigh
- Default grid recovery still stacks exposure when price runs against you
- High Risk live PF ~1.42 and Recovery Factor ~0.72 are modest
- ~34% maximal drawdown and “High Risk” naming signal capital stress
- $499 premium—price may rise further as the signal approaches 150% growth
Settings & Configuration
🎯 Chart & Account
- Symbol: XAUUSD / GOLD
- Timeframes: Multi-TF confirmation (H1 + M15/M30; strategy-specific lower TFs)
- Platform: MetaTrader 5
- AlgoTrading: Enabled
💰 Capital & Broker
- Listing minimum: $300 at 0.01 lot; $800+ recommended for grid recovery
- Single Position: ~$150 at 0.01 lot per listing note
- Broker: ECN/RAW gold (VT Markets, Vantage, Blackbull, IC Markets, etc.)
- Activations: 10
🖥️ Operations
- VPS: Recommended for stable scalper execution
- v5.0+ note: Close open Wave Rider positions before updating; magic numbers/input names changed
- Signal: #2361754
Note: Per developer disclaimer: always demo first; grid trading needs sufficient margin and drawdown protection. Reference: https://www.mql5.com/en/signals/2361754.
Purchase & Resources
💰 Purchase Wave Rider EA MT5
Wave Rider EA MT5 is available on MQL5 (product 165897) for $499 USD (seller notes a step toward $599 as the live signal approaches 150% growth). Includes 10 activations. A free MetaTrader 5 demo is available (3,530 downloads).
Related Tools & Resources
Frequently Asked Questions
How much does Wave Rider EA MT5 cost on MQL5?
The listed buy price is $499 USD on MQL5 (product 165897). A free demo is available (3,530 downloads). Includes 10 activations. The seller indicates pricing may move toward $599 as the live signal approaches 150% growth.
Does Wave Rider EA MT5 use grid or martingale?
Grid recovery is the default mode, with configurable spacing and a default lot multiplier of 1.0 (no classic martingale multiplier). You can switch to Single Position mode for fixed SL/TP without recovery layers.
What is the High Risk live signal showing?
#2361754 posts roughly +55% growth, profit factor 1.42, about 34% maximal drawdown, ~76% win rate, and 23 weeks of history from a ~€301 start—study that risk before funding.
What symbol should I trade?
This is a XAUUSD / GOLD MetaTrader 5 Expert Advisor. Use seller presets and an ECN/RAW gold broker for evaluation.
Is Single Position mode better for prop firms?
The listing markets Single Position (SL/TP) as the cleaner option for prop-style constraints, while Recovery (Grid) remains the default. Always confirm against your firm’s rules on demo.
Where can I download or buy it?
Purchase or demo from the official MQL5 product page, then validate Recovery vs Single Position on your broker before going live.