Scalper speed with sniper entries. Built for Gold.
Official website: https://www.mql5.com/en/market/product/165897Hybrid scalper combining scalping speed with single position or intelligent recovery for XAUUSD.
4 trading strategies | Triple timeframe confirmation | 3 layers of account protection.
Most trades close in under 30 minutes — minimal market exposure, maximum control.
Wave Rider uses triple timeframe analysis (H1 trend + M15/M30 entry confirmation) to only enter when the market structure aligns.
Safety above all – hasn’t been part of any gold crash so far.
The intelligent recovery activates only when needed but also can be disabled (single position only).
Wave Rider does not open positions against the trend and does not speculate on choppy markets that are about to flip.
4 Strategies. One Goal. Consistent Gold Trading.
Gold has been volatile. Sharp drops, sudden reversals, and news-driven spikes have wiped out accounts running EAs that trade blindly.Wave Rider was built with one principle: knowing when NOT to trade is just as important as knowing when to enter.
Triple timeframe trend confirmation, ATH protection, dynamic exit, and drawdown limits — the EA sits out when conditions are dangerous and only trades when the structure is right.
Each strategy targets a different market condition. Run them all together, or pick the ones that suit your style:
- S01 — Support and Resistance: Dual timeframe ZigZag-based detection of real support and resistance levels on M15/M30 — zones where price actually reversed, not arbitrary lines. Filters entries with volatility and trend strength confirmation.
- S02 — Pullback: Watches multiple timeframes (M1/M5/M15) for momentum shifts and catches retracements at the right moment. Includes bounce zone detection and exhaustion filtering to avoid false entries.
- S03 — Trend Breakout: Detects when price breaks out of a consolidation range with momentum confirmation. Rides strong directional moves with multiple entries.
- S04 — M5 Strategy: Identifies oversold/overbought bounce setups on the M5 chart using market strength, momentum, and candle pattern analysis. Multiple confirmation layers keep entries precise.
All strategies support both BUY and SELL directions. You can restrict to BUY only or SELL only if you prefer.
Two Trade Modes. You Choose How to Manage Risk.
Not everyone trades the same way. Wave Rider lets you pick the exit strategy that fits your style:- Recovery (Grid) — Intelligent grid recovery with progressive spacing, trailing stop, and breakeven tracking. Your backup plan when the market moves against you. Default mode.
- Single Position (SL/TP) — One trade, fixed stop loss, fixed take profit, and a built-in trailing stop that locks in profit as price moves in your favor. No grid, no recovery layers. Clean and simple — can work with prop firm accounts (but prop firms create bad conditions for traders, no results guaranteed!).
Intelligent Recovery Done Right. Fully Customizable. Can be disabled.
In Grid mode, the recovery system is your backup plan, not your main strategy. It only activates when the market moves against an open position:– Progressive spacing — grid levels get wider as depth increases
– Configurable lot multiplier (default 1.0 — no martingale)
– Breakeven calculation across all grid positions
– Trailing stop that locks in profits once TP is exceeded
– Visual TP line on chart for clear monitoring
– Quick profit target — grab pips and exit
3 Layers of Protection. Your Account Comes First.
- Drawdown Protection — Daily drawdown tracking against peak equity (percentage or money). Automatically closes all positions and pauses trading when your threshold is hit. Resets daily.
- ATH Protection — Prevents new entries when price is near all-time highs. Configurable timeframe and percentage threshold — stop buying the top.
- Dynamic Exit — Detects rapid adverse price moves and auto-closes all open positions. Protects you from news spikes, flash crashes, and sudden reversals.
Triple Timeframe Confirmation. No Fighting the Trend.
H1 EMA filter detects the overall trend direction.Entries only trigger when lower timeframe signals align WITH the H1 trend — no fighting the market.
Configurable fast/slow EMA periods with optional EMA alignment and separation requirements.
Full Control. Full Transparency.
- Visual Dashboard — Optional on-chart display showing real-time account info, daily drawdown, strategy status (Disabled / Waiting / Active), daily P/L per strategy, and TP/breakeven prices. Includes a “Close All Positions” button and customizable font, font size, and DPI scaling.
- Position Sizing — Fixed Lot, Auto Risk (scales with balance — from Very Low to Very High), or Custom Scale (your own ratio). Pick what fits your risk profile.
- Time Management — Multiple trading windows per day, separate Friday schedule, automatic NFP detection, and per-strategy time ranges.
1 Credits = $1 USD. Login and purchase Credits to download.
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