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MT5 Expert Advisor VIP Grid & Martingale

Wave Rider EA MT5

A MetaTrader 5 expert advisor built for XAUUSD, using seven independent trading modules with triple-timeframe confirmation to avoid counter-trend entries. It offers a choice between single-position and recovery modes, along with news filtering and session controls. Suitable for traders seeking disciplined gold automation on H1, M30, and M15 timeframes.

Losses on this strategy have no upper bound

The vendor's own description mentions position-scaling logic that keeps a losing sequence open instead of closing it. A single losing sequence therefore has no defined worst case: a long enough move in one direction takes the account to zero. Systems like this can trade profitably for a long time before that happens, which is why an unbroken track record does not settle the question.

Mechanisms found Martingale Loss recovery

How we classify loss mechanisms

Wave Rider EA MT5
Version
4.10

Backtest results

Simulation — not a live account

Run in the MetaTrader Strategy Tester on real tick data. These are simulated results: a backtest shows how a strategy would have behaved on past prices, not how it will behave on your account.

Period Return Max drawdown Trades Win rate Profit factor
2025 May–Nov 6 months +45.6% −2.4% 430 81.2% 4.63
Equity curve — 2025 May–Nov Started at $100,000, ended at $145,643. Deepest drawdown −2.4%. Account balance Drawdown from peak 2025-05-01 → 2025-11-01
$145,643 -2.4% 2025-05-06 2025-10-28

Where the money went

MetaTrader reports gross profit and gross loss with broker charges already applied. Vendor pages quote the gross profit figure on its own.

Gross profit
$58,205.17
Gross loss
−$12,562.11
Net profit
$45,643.06

Already included above: $257.38 of commission and swap charged by the broker — 0.4% of gross profit.

How concentrated the profit is

80% of the profit came from 37 of 77 trading days (48.1%).

A smooth equity curve can still be a handful of exceptional days plus a long flat stretch.

Longest losing streak: 6 trades

Settings that scale up after a loss

  • Inp_Grid_MaxOrders=16
  • Inp_Grid_LotMultiplier=1.0
  • Inp_Grid_FixedDistance=22.0
  • Inp_Grid_ProfitTargetPips=12.0
  • Inp_Grid_ShowTPLine=true
  • Inp_Grid_UseTrailingSL=true
  • Inp_Grid_TrailingStartPips=2.5
  • Inp_Grid_TrailingStepPips=3.0
  • Inp_Grid_UseProgressiveSpacing=true
  • Inp_Grid_ProgressiveStart=4
  • Inp_Grid_SpacingMultiplier=1.2

These parameters come from the test report itself, not from the vendor's description. A strategy that increases position size after a loss has no defined worst case.

Full test statistics

Every figure below is copied from the MetaTrader report exactly as it appears there, so you can check it against your own run.

Trade counts

Total trades
430
Total deals
860
Long trades (won %)
363 (80.17%)
Short trades (won %)
67 (86.57%)
Winning trades
349 (81.16%)
Losing trades
81 (18.84%)

Best and worst single trades

Largest win
1 400.88
Largest loss
-732.68
Average win
166.78
Average loss
-155.09

Winning and losing streaks

Longest winning streak
25 (2 746.98)
Longest losing streak Consecutive losing trades, and what that streak cost. This is what you would have had to sit through.
6 (-2 525.64)
Biggest run-up
4 598.94 (17)
Biggest run-down
-2 525.64 (6)
Average winning streak
7
Average losing streak
2

Drawdown

Balance drawdown, absolute
0.00
Balance drawdown, maximal
2 525.64 (2.41%)
Balance drawdown, relative
2.41% (2 525.64)
Equity drawdown, absolute
11 532.10
Equity drawdown, maximal Measured on floating equity, not closed balance. Always the harsher of the two, and the one that triggers a margin call.
16 200.60 (15.48%)
Equity drawdown, relative
15.48% (16 200.60)

Risk and efficiency ratios

Profit factor
4.63
Expected payoff per trade Average result of one trade. A big number with a low win rate means it depends on rare large wins.
106.15
Recovery factor Net profit divided by the worst drawdown. Below 1 means the deepest hole was bigger than everything it made.
2.82
Sharpe ratio
16.24
Margin level How close the account came to a margin call. The lower it got, the less room there was for one more losing position.
2335.42%
AHPR
1.0009 (0.09%)
GHPR
1.0009 (0.09%)
LR correlation
0.99
LR standard error
1 420.35

Holding time

Shortest position held
0:00:08
Longest position held
6:28:37
Average position held
0:43:21
Correlation (profit, MFE)
0.89
Correlation (profit, MAE) How strongly the eventual profit tracked the worst unrealised loss along the way.
0.56
Correlation (MFE, MAE)
0.2155

Data quality

Trading server
BlueberryMarkets-Demo
Modelling quality
100%
Bars tested
12102
Ticks tested
78103049
Expert advisor settings used （78 parameters）

The exact parameters this test ran with, taken from the report. Results are only comparable when the settings are.

Inp_EnableUI
false
Inp_TradeMode
0
Inp_TradeDirection
0
Inp_EntryStyle
1
Inp_EnableSingleStrategyOnly
true
Inp_EnableMultiCurrency
false
Inp_MaxSpreadPoints
50
Inp_CommentName
Wave Rider
Inp_CommentAppendStrategy
true
Inp_PositionSizeMethod
1
Inp_FixedLotSize
0.01
Inp_AutoRiskLevel
2000
Inp_ScaleByBalance
1000.0
Inp_BaseLotSize
0.01
Inp_SupportResistanceStrategy_Enabled
true
Inp_SupportResistanceStrategy_MagicNumber
8001
Inp_PullbackStrategy_Enabled
true
Inp_PullbackStrategy_MagicNumber
8002
Inp_TrendBreakout_Enabled
true
Inp_TrendBreakout_MagicNumber
8003
Inp_M5Strategy_Enabled
true
Inp_M5Strategy_MagicNumber
8004
Inp_Grid_MaxOrders
16
Inp_Grid_LotMultiplier
1.0
Inp_Grid_FixedDistance
22.0
Inp_Grid_ProfitTargetPips
12.0
Inp_Grid_ShowTPLine
true
Inp_Grid_UseTrailingSL
true
Inp_Grid_TrailingStartPips
2.5
Inp_Grid_TrailingStepPips
3.0
Inp_Grid_UseProgressiveSpacing
true
Inp_Grid_ProgressiveStart
4
Inp_Grid_SpacingMultiplier
1.2
Inp_Single_SL_Pips
250.0
Inp_Single_TP_Pips
50.0
Inp_Single_UseTrailingSL
true
Inp_Single_TrailingStartPips
12.0
Inp_Single_TrailingStepPips
3.0
Inp_BaseGMTOffset
2
Inp_EnableWeeklyFilter
true
Inp_MondayToThursdayFrom
01:15
Inp_MondayToThursdayTo
14:20
Inp_EnableFriday
true
Inp_FridayFrom
01:30
Inp_FridayTo
10:00
Inp_EnableFridayNFP
true
Inp_EnableDrawdownProtection
true
Inp_DrawdownMode
0
Inp_DrawdownThreshold
35.0
Inp_PreventTradingCloseToATH
false
Inp_ATH_Timeframe
32769
Inp_ATH_LookbackPeriods
100
Inp_ATH_PercentageThreshold
0.25
Inp_DynamicExit_Enabled
false
Inp_DynamicExit_PctThreshold
0.5
Inp_DynamicExit_WindowSec
120
Inp_NewsFilter_Enabled
true
Inp_NewsFilter_FilterHigh
true
Inp_NewsFilter_FilterMedium
false
Inp_NewsFilter_MinutesBefore
60
Inp_NewsFilter_MinutesAfter
30
Inp_NewsFilter_ManualCurrencies
—
Inp_NewsFilter_AlwaysHighKeywords
FOMC,NFP,Nonfarm,CPI,Fed Chair,Interest Rate Decision,ISM Non-Manufacturing,ISM Services
Inp_SupportResistanceStrategy_TimeRangeFrom
05:00
Inp_SupportResistanceStrategy_TimeRangeTo
20:00
Inp_SupportResistanceStrategy_Enable15MinTF
true
Inp_SupportResistanceStrategy_Enable30MinTF
true
Inp_PullbackStrategy_TimeRangeFrom
01:15
Inp_PullbackStrategy_TimeRangeTo
13:00
Inp_TrendBreakoutStrategy_TimeRangeFrom
06:00
Inp_TrendBreakoutStrategy_TimeRangeTo
11:00
Inp_M5Strategy_TimeRangeFrom
06:00
Inp_M5Strategy_TimeRangeTo
21:00
Inp_M5Strategy_RequireBounceCandle
false
Inp_M5Strategy_EnableM10Signal
false
Inp_UI_ScaleOverride
0.0
Inp_UI_FontName
Calibri
Inp_UI_BaseFontSize
9

How this was tested

Broker
Blueberry Markets Pty Ltd
Trading server
BlueberryMarkets-Demo
Symbol
XAUUSD.cn
Timeframe
M15
Starting balance
$100,000
Leverage
1:500
Tick data
100% modelling quality
Spread
Real variable spread

We ran this one in the same test as the rest of the list — including the ones that did not make the ranking: We backtested 19 expert advisors through the 2025 gold squeeze. 2 came through.

Screenshots

Wave Rider EA MT5

Description

Why most gold EAs fail in ranging sessions

Gold is prone to sudden breakouts and long consolidation phases. A single-strategy robot may perform well during trends but give back profits when the market turns choppy. Wave Rider EA MT5 addresses this by running seven separate trading modules simultaneously, each designed for a different market condition. The idea is that at least one module remains active regardless of whether the market is trending, breaking out, pulling back, or moving on momentum.

Multi-timeframe alignment before any order

The EA uses a three-step confirmation process. First, it identifies the primary direction on the H1 chart using an EMA trend filter. Then it checks M30 and waits for an entry signal on M15. No trade is opened unless all three timeframes agree. This is intended to filter out counter-trend scalps that look attractive on a low timeframe but fail against the larger structure.

Seven strategies under one interface

The seven modules cover support and resistance breakouts, pullback detection, trend breakouts, M5 bounces, volume-based smart money analysis, momentum continuation, and impulse trading. Each strategy has its own logic and can be individually toggled. The EA monitors all of them concurrently, so idle modules do not block active ones. This design allows the EA to switch its behaviour as market conditions change during the trading day.

Recovery mode versus single-position mode

A key configuration decision is between recovery and single-position modes. Recovery mode uses a grid approach with progressive spacing, break-even calculation, trailing stop management, and a configurable lot multiplier. It is designed to manage losing positions and attempt to exit at break-even or better. Single-position mode opens only one trade at a time, with fixed stop loss and take profit, plus an optional trailing stop. No grid or recovery positions are used. This mode is often preferred for prop-firm challenges that prohibit grid or averaging techniques.

Risk and session controls

Wave Rider EA includes a built-in news filter that pauses new entries around major economic events such as CPI, FOMC, and NFP releases, as well as USD bank holidays and presidential events. Existing trades continue to be managed normally. The EA also tracks drawdown, market volatility, all-time high conditions, and session timing. If conditions become unfavourable, new entries can be suspended automatically. Traders can further restrict trading to specific daily windows, set a Friday schedule, or define strategy-specific trading hours.

Position sizing and dashboard

Position sizing supports fixed lot, automatic risk-based sizing, and custom scaling. The on-chart dashboard displays current strategy status, account performance, drawdown, risk profile, news protection status, position sizing details, and per-strategy profit and loss. This gives a trader a real-time view of what each module is doing without needing to inspect the journal.

Honest limitations

This EA is designed exclusively for XAUUSD. It is not a multi-pair solution and will not trade other symbols. The recovery mode, while configurable, can increase drawdown during prolonged adverse moves; the vendor reports a maximum historical drawdown of 33.8% on a live signal. Backtested results show a relative drawdown of 9.76%, but backtests do not account for slippage, spread widening, or execution delays. The EA does not include source code, so traders cannot modify the strategy logic. It is a MetaTrader 5 product only; the MT4 version is not available.

Frequently asked questions

Which currency pairs does Wave Rider EA trade?

It is built specifically for XAUUSD (gold). No other pairs are supported by the default configuration.

Does Wave Rider EA use martingale or grid?

It depends on the mode. Single-position mode does not use grid or recovery. Recovery mode uses an intelligent recovery grid with configurable lot multiplier, so traders who must avoid averaging should disable it.

What is the recommended account type for this EA?

The vendor suggests an ECN or RAW account to minimise spread and execution cost on gold. A minimum deposit is not specified, but the supplied live signal started with €300.95.

Is Wave Rider EA suitable for prop firm accounts?

In single-position mode it opens only one protected trade at a time, which may comply with prop firm rules that prohibit grid or recovery. Traders should verify the specific rules of their prop firm before use.

Does Wave Rider EA come with source code?

No, source code is not included. The EA is provided as a compiled executable for MetaTrader 5.

Tags

Gold / XAUUSD
GoldTrap EA MT5
Expert Advisor · MT5 XAUUSD (Gold)

GoldTrap EA MT5

A recovery-based grid system built specifically for XAUUSD, this EA opens an initial position and then layers in additional orders if price moves against it, aiming to close the whole basket once gold retraces. The fixed session filter and configurable lot multiplier let traders tune exposure, but the martingale-style logic means drawdowns can escalate quickly when gold trends without a pullback.

No loss cap Martingale · Grid
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Veloz Scalping Bot MT5
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Veloz Scalping Bot MT5

Gold scalping on the M1, M5 and M15 timeframes with a structured grid that caps open orders at six and uses a global trailing stop. Veloz Scalping Bot MT5 targets small intraday retracements on XAUUSD, with spread filtering and an equity drawdown kill-switch. Fixed lot sizing keeps exposure predictable, but the averaging logic means losses can compound if the cycle runs fully against you.

No loss cap Martingale
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Waka Waka EA MT4
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Waka Waka EA MT4

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No loss cap Grid
M15 (15 minute chart) Minimum deposit $500