Wave Rider EA MT5 5.61 fix

🌐 Wave Rider EA MT5 V4.1 👑

👉Learn more about this EA https://www.mql5.com/en/market/product/165897 👀

📊 Live signal https://www.mql5.com/en/signals/2361754 🕯

📝 User guide https://www.mql5.com/en/blogs/post/767779 ✅

⭐️ A hybrid scalper combining scalping speed with single-position trading or smart recovery for XAUUSD.

4 trading strategies | Triple timeframe confirmation | 3 account protection levels.

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 enter only when market structure aligns.

Safety first: so far, it has not been caught in any gold crash.

Smart recovery only kicks in when needed — and can also be disabled (single-position mode only).

Wave Rider never trades against the trend and avoids unstable markets on the verge of reversing.

4 strategies. One goal. Consistent gold trading.

Gold has been volatile. Sharp drops, sudden reversals, and news-driven spikes have wiped out accounts running blind EAs.

Wave Rider was built around one principle: knowing when NOT to trade is just as important as knowing when to enter.

Three-timeframe trend confirmation, ATH protection, dynamic exits, and drawdown limits — the EA sits on its hands when conditions are dangerous and only trades when the structure is right.

Each strategy targets different market conditions. Run all of them together or pick the ones that match your style:

S01 — Support & Resistance: Identifies real S/R levels using zigzag patterns on two timeframes (M15/M30) — zones where price actually reversed, not arbitrary lines. Filters entries with volatility and trend strength confirmation.

S02 — Pullback: Tracks momentum shifts across multiple timeframes (M1/M5/M15) and catches pullbacks at the right moment. Includes failure zone detection and exhaustion filtering to avoid false entries.

S03 — Trend Breakout: Detects price breaking out of a consolidation range with momentum confirmation. Captures strong directional moves with multiple entries.

S04 — M5 Strategy: Identifies oversold/overbought bounce setups on the M5 chart using market strength, momentum, and candlestick pattern analysis. Multiple confirmation layers ensure precise entries.

Official name: Wave Rider EA MT5

Market page: https://www.mql5.com/ru/market/product/165897

Official developer description:

Scalping speed with sniper-precision entries. Built for gold. Summer sale — just $399 instead of $499 until end of August.

Tired of all the fake EAs that disappear over time? Most developers just spin up another EA when the previous one fails — I wanted to do things differently.

Wave Rider is my personal passion project: an honest, transparent EA with no fake AI or manipulated backtests, continuously updated for over 6 months — and one I've been running myself since day one.

Check the live signal, manual trade history, or your broker's records.

Version 5.x update notice: close all Wave Rider positions before updating. Strategy magic numbers and several input names have changed. Review your settings and save a new set file, as old set files or templates may not restore all parameters correctly.

The new version works best on VT Markets, Vantage, Blackbull, Fusion, IC Markets, and FxTrading. If your broker has an SL restriction, feel free to reach out for additional help.