Gold EA store / Wave Rider EA MT5

MT5 gold scalper · XAUUSD · Recovery / Single Position

Wave Rider EA MT5 Download — Hybrid Gold Scalper with Grid Mode

Wave Rider EA MT5 is a MetaTrader 5 gold scalper with seven entry strategies and a choice of Recovery (Grid) or Single Position modes. In independent 90-day XAUUSD tests against other gold EAs it finished last on wins on every board and averaged positive on only one of 14.

MT5 only · XAUUSD · Paid — $399 promo

Download See the tests

What is Wave Rider EA MT5?

Wave Rider EA MT5 is by Adam Hrncir (Czech Republic). It was first published in February 2026 and is on version 5.71. It is not the same product as “Gold waves rider,” a different Market EA with a similar name.

It is built for XAUUSD on MetaTrader 5. The listing describes a hybrid scalper: an H1 trend filter plus M5/M15/M30 confirmation, seven entry strategies, and two trade modes — Recovery (Grid) by default (four recovery personalities) or Single Position with stop loss, take profit and trailing. News blocks, drawdown / ATH exits and a visual dashboard are part of the package.

To see how it held up next to other gold EAs, we ran it through 14 FX EA Tester gold tests with the same rules for every EA — the results are on this page.
  • 7 entry strategies
  • 2 modes: Recovery Grid or Single Position
  • $300 minimum deposit on the listing
  • 1/14 gold boards with plus average

How Wave Rider EA MT5 trades

Attach the EA on gold (XAUUSD). The listing says chart timeframe is flexible because the EA uses multi-timeframe checks: H1 trend plus lower-timeframe confirmation before a trade opens. Most trades are described as short holds (often under 30 minutes).

Recovery (Grid) is the default mode, with four matched recovery personalities (Wide Slow / Fast, Static, Hybrid). Single Position mode uses fixed stop loss and take profit with trailing instead. Entry profiles (Cautious / Balanced / Aggressive) sit next to lot sizing. Protections named on the listing include daily drawdown, ATH exit, dynamic exit, news filters and USD bank-holiday blocks.

Default behaviour includes grid recovery — treat that as higher risk until you switch modes and watch it on demo.

What you can set

The short path: attach on XAUUSD, leave Recovery (Grid) or switch to Single Position, pick Cautious / Balanced / Aggressive, and start with the listing’s small deposit guidance ($300 min; $800+ recommended for grid).

You can also tune recovery personality, trailing, news windows, strategy slots (S01–S07; Impulse may ship off), and account protection inputs. The listing markets pre-optimized defaults and a NextGen dashboard.

Use a hedging account, ECN/RAW-style gold spreads, and leverage the seller allows (about 1:100 min, 1:500 recommended).

Broker presets

  • Attach on XAUUSD — MT5, hedging account
  • Choose Recovery (Grid) or Single Position
  • Entry profile: Cautious / Balanced / Aggressive
  • From $300; $800+ recommended for grid recovery
  • News filter and drawdown protections on for first demos

Specs

Platform
MT5 only
Pair
XAUUSD (Gold)
Timeframe
Any chart (internal multi-timeframe)
Price
$399 promo buy (7 Oct 2026); list $499. Check live figure
Developer
Adam Hrncir
Version
5.71 (published 25 Feb 2026; updated ~12 Sep 2026)
Strategy
Hybrid scalper — 7 strategies; H1 + lower-TF confirmation
Trade modes
Recovery (Grid) default, or Single Position (SL/TP)
Account
Hedging; from $300 ($800+ for grid); ECN/RAW recommended
Activations
10

Requirements

  • MetaTrader 5
  • Hedging account on XAUUSD
  • From $300 deposit ($800+ recommended if you keep Recovery Grid)
  • Leverage about 1:100 minimum (1:500 recommended on the listing)
  • Low-spread gold broker; demo first before live

A good fit if you

  • want a gold EA with Recovery Grid or Single Position modes
  • like multiple strategy slots and news / drawdown protections
  • can meet $300–$800+ and accept a paid MT5 product
  • want an independent gold check before paying ~$399

Not a fit if you need

  • an EA that led these gold boards — it finished last on wins every time
  • positive averages on most boards — only one of 14 averaged plus
  • MT4 — this product is MT5 only
  • live signal / “98% win rate” claims treated as proof on this page

Key risks and how to reduce them

What can go wrong

  • Default Recovery (Grid) can stack orders and deepen drawdowns in chop.
  • Seven strategies plus Aggressive profile can raise trade frequency and risk.
  • Promo price ($399) may move toward the $499 list — check before you buy.
  • Marketplace signals and win-rate claims are not verified here.

Safer first steps

  • Demo on your broker for several weeks before any live use.
  • Try Single Position first if you want fixed SL/TP without grid recovery.
  • Keep news blocks and drawdown exits on for early tests.
  • Set your own daily and overall loss limits before going live.

What to know before you download

  • Confirm MT5, hedging, and the live $399 / $499 price.
  • Decide Recovery (Grid) vs Single Position before you size up.
  • Start Cautious with protections on; raise risk only after demos.
  • These gold boards were weak — read them before you buy.

Independent gold tests

A hybrid scalper story does not show how this EA ranks next to other gold EAs. We ran locked 90-day FX EA Tester boards under shared rules on XAUUSD only. Here is the short read before you download.
  • Coverage: 14 tests · 71 other gold EAs · 100 paths each · 90 days (one 180-day board)
  • Profit: positive average on 1 of 14 boards only ($5000 account, +$16.73)
  • Wins: last on every board (0–2 path wins of 100)
  • On $1000 boards averages from −$8.61 (AI field) to −$75.60 (2% risk)
  • Usual drawdown about 6.6–15.1%; worst paths about 19–40% on $1000, 52.65% on $300

Did it make money on average?

Mixed — made money on average in 1 of 14 tests

We ran 14 separate gold tests (different peer mixes and account settings). Each line below is one test’s average dollar result — not wins.

Best average profit$16.73Wave Rider EA MT5 gold @ $5000 deposit
Biggest average loss-$75.60Wave Rider EA MT5 gold @ 2% risk
Wave Rider EA MT5 vs mixed gold popularLost money-$35.96
Wave Rider EA MT5 vs gold MT4 peersLost money-$41.34
Wave Rider EA MT5 vs gold MT5 peersLost money-$24.78
Wave Rider EA MT5 vs gold scalpersLost money-$38.32
Wave Rider EA MT5 vs gold trend peersLost money-$42.88
Wave Rider EA MT5 vs gold scalper peersLost money-$25.06
Wave Rider EA MT5 vs gold grid / recovery stressLost money-$36.30
Wave Rider EA MT5 vs gold AI peersLost money-$8.61
Wave Rider EA MT5 vs gold hybrid peersLost money-$40.35
Wave Rider EA MT5 gold @ 0.5% riskLost money-$10.19
Wave Rider EA MT5 gold @ 2% riskLost money-$75.60
Wave Rider EA MT5 gold @ $300 depositLost money-$30.46
Wave Rider EA MT5 gold @ $5000 depositMade money$16.73
Wave Rider EA MT5 mixed gold @ 180-day windowLost money-$73.84
Full rankings for each test are in the board cards below.

One more catch: wins ≠ profit

On the Wave Rider EA MT5 vs gold AI peers test it finished first most often — and still lost money on average.

Finished first#102 of 100 paths
Average result-$8.61-0.9% return · same test
48 of 100paths made money
$136.59best single path
-$172.93worst single path
8.9%avg DD · worst 19%
Almost half the paths can finish green and the average can still be a loss when the losing paths are larger.

Full boards, method, and rankings are in the test section below.

Download Wave Rider EA MT5

Download Wave Rider EA MT5 for MetaTrader 5 from the link below. Paid EA — $399 promo as of 7 Oct 2026 (list price $499).

Version 5.71. MT5 only. Attach on XAUUSD, pick Recovery (Grid) or Single Position, and demo first — gold results below are an independent XAUUSD check, not live signal proof.

How to install

  1. Install on MetaTrader 5 and run it on demo first.
  2. Attach on XAUUSD; confirm a hedging account.
  3. Choose Recovery (Grid) or Single Position; start Cautious.
  4. Keep news and drawdown protections on until you know the behaviour.

Listing checked 7 Oct 2026. Price can change.

Download

Other options to compare

Scalping Robot Pro MT5

Compare when: you want a gold scalper that led several of these boards

Scalping Robot Pro has a full research page and led the mixed popular board on wins here.

Orion Gold Scalper

Compare when: you want a free MT4 gold EA instead of a paid MT5 product

Orion uses stop-based risk and can be downloaded from this site.

The product section covers features, setup, and the short test snapshot. The section below shows each locked FX EA Tester gold run in full — method, other EAs in each test, results, and the ranking table.

Test results for Wave Rider EA MT5

  • 14 tests
  • 71 other EAs
  • 100 paths each

Results breakdown

What stood out across the 14 boards

• Profit: positive average on 1 of 14 tests only (+$16.73 on $5000). On $1000 boards from −$8.61 (AI field) to −$75.60 (2% risk); −$30.46 on $300.
• Wins: last on every board (0–2 of 100 path wins).
• Averages: never the best. Only the large-account board finished above zero.
• Drawdown: average max drawdown about 6.6–15.1%. Worst paths about 19–40% on $1000, 52.65% on $300 and 18.26% on $5000. 20–50 of 100 paths ended in profit, with no washouts.
• Bottom line: weak across peer mixes in these locked gold tests — compare stronger EAs below before you pay.

See Where it looked stronger or weaker below for the condition-by-condition read.

How often did paths make money?

50 / 100 best · Wave Rider EA MT5 gold @ $5000 deposit

Each bar is one test. Height = share of paths that finished in profit — not the same as average $.

Weakest here: Wave Rider EA MT5 gold @ $300 deposit (20/100). A board can clear ~half its paths and still lose money on average.

Where did it finish on wins?

#10 best finish · Wave Rider EA MT5 vs gold AI peers (2 firsts)

Shorter bar = better win rank. First on wins can still lose money on average.

Pair this with average $ in the Independent check above — wins and profit are separate scores.

How the tests work

Gold (XAUUSD) boards only. Wave Rider EA MT5 ran with nine other EAs per board, on the same deposit, lot and risk settings and the same 100 paths over 90 days (180 days on the longer-window board). Across the 14 tests it met 71 other gold EAs.

Conditions covered: mixed popular, MT4, MT5, scalper, trend, AI, hybrid and grid fields, plus 0.5% and 2% risk, $300 and $5000 accounts, and a 180-day window.

  • Symbol: XAUUSD
  • Paths per test: 100
  • Typical window: 90 days · deposit 1000 · lot 0.01 · risk 1%
  • Market mix: random (uptrend, downtrend, range, chop, and shock paths)
  • Engine: Hosted FX EA Tester (same rules for every EA in a test)
  • Coverage: 14 tests · 71 other EAs · 100 paths each

For this EA, averages stayed negative on 13 of 14 boards and wins stayed at the bottom of every table. Use the leaders’ numbers for comparison.

Paths in profit (20–50 of 100) and worst drawdown show how far a single path could go. Path-type notes are FX EA Tester labels.

How to read each test

WinsFinished first on a path — not the same as profit
Average $Mean result across the paths — main money signal
Paths in profitHow often it made money on a path
DrawdownUsual pain vs the worst path you must survive
FX EA Tester leaderboard from the Wave Rider EA MT5 mixed popular gold board
Real FX EA Tester capture from the mixed popular board — #10 on wins (1/100) with a −$35.96 average.

Re-run in FX EA Tester

EAs in the main comparison

Wave Rider EA MT5 ran with 9 other EAs in the main test (Wave Rider EA MT5 vs mixed gold popular) . Across all tests it faced 71 different other EAs.

Wave Rider EA MT5 Wave Rider EA MT5

Where Wave Rider EA MT5 looked stronger

Fit by condition uses FX EA Tester peer groups, not a live product claim.

Looked better in

  • $5000 account — only plus average (+$16.73), still #10 on wins
  • AI peer field — least-negative $1000 average (−$8.61)
  • 0.5% risk — −$10.19 (second-least negative on $1000)

Looked weaker in

  • Last on wins on all 14 boards
  • 2% risk — −$75.60, deepest $1000 average loss
  • 180-day window — −$73.84
  • Trend field — −$42.88; MT4 mix −$41.34; hybrid field −$40.35
  • $300 account — −$30.46 with worst path 52.65% DD

Results one test at a time

One test at a time — different other EAs and account settings. Look at profit, drawdown, and the short note for each.

Wave Rider EA MT5 vs gold MT4 field

$1000 · 1% risk · 90d

EAs in this test

Scalping Robot Pro Gold Trade Pro The Gold Reaper Gold Zilla AI XG Gold Robot GOLD Scalper PRO BB Return XIRO Robot Straddle Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$41.34, avg DD 9.80%, profitable 32/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: Scalping Robot Pro led wins (23) with average +$41.77. The Gold Reaper had the best average (+$81.07). Its worst path fell 20.16% and closed at −$145.81.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$41.34
Avg DD9.80%
Worst DD20.16%
Paths in profit32 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold MT5 field

$1000 · 1% risk · 90d

EAs in this test

The Gold Reaper Scalping Robot Pro Quantum OmniGold Smart Gold Hunter Ultimate Breakout System TwisterPro Scalper Zerqon EA AXIO Gold EA Goldwave EA Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$24.78, avg DD 9.51%, profitable 43/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: The Gold Reaper led wins (24) with average +$63.56. Its worst path fell 19.83% and closed at −$178.85.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$24.78
Avg DD9.51%
Worst DD19.83%
Paths in profit43 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold scalpers

$1000 · 1% risk · 90d

EAs in this test

AurumEdge Scalper Pro TwisterPro Scalper GOLD Scalper PRO TNG Gold Vortex Gold EA Mavrik Scalper The Buster XAU Single Entry SuperScalp Gold Luna AI Pro Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$38.32, avg DD 9.76%, profitable 32/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: AurumEdge Scalper Pro led wins (25) with average +$87.21. Its worst path fell 22.93% and closed at −$217.24.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$38.32
Avg DD9.76%
Worst DD22.93%
Paths in profit32 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold trend peers

$1000 · 1% risk · 90d

EAs in this test

Gold Vanguard EA GoldZ AI Swing Breakout EA CRT Model 1 Boring Gold EA Xauusd Trend RSI Strategy The Golden Staircase Trend Matrix EA Spider Gold Gold Sniper Ravex Algo Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$42.88, avg DD 10.53%, profitable 32/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: Gold Vanguard EA led wins (24) with average +$70.54. Its worst path fell 24.64% and closed at −$216.75.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$42.88
Avg DD10.53%
Worst DD24.64%
Paths in profit32 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold scalper field

$1000 · 1% risk · 90d

EAs in this test

Adaptive Gold Scalper Golden Goose Scalper AI AurumEdge Scalper Pro Chiquita GOLD Scalper PRO OrionXAU Leto Apex Scalper Vortex Turbo EA SuperScalp Gold Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$25.06, avg DD 9.57%, profitable 41/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: Adaptive Gold Scalper led wins (23) with average +$78.67. Golden Goose Scalper AI had the best average (+$86.07). Its worst path fell 25.20% and closed at −$246.28.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$25.06
Avg DD9.57%
Worst DD25.20%
Paths in profit41 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold grid / recovery stress

$1000 · 1% risk · 90d

EAs in this test

Vex Gold EA Lizard GoldStorm Pro EA Gold Vanguard EA GoldSpire XAU Marti H1Trend Gold House Impulse LNT Gold X100 Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$36.30, avg DD 9.97%, profitable 38/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: Vex Gold EA led wins (18) with average +$35.56. Gold Vanguard EA had the best average (+$84.76). Its worst path fell 22.06% and closed at −$163.13.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$36.30
Avg DD9.97%
Worst DD22.06%
Paths in profit38 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold AI peers

$1000 · 1% risk · 90d

EAs in this test

Aurum AI Gold Zilla AI Oracle Neurox AI Helios Gold AI AI Gold Prime Prime Execution AI EA AI Prop Firms Straddle AI Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (2/100), average −$8.61, avg DD 8.93%, profitable 48/100.

Path types in this board: Among its first-place paths, most were strong-downtrend / strong-uptrend style paths. Average profit was strongest on strong-downtrend paths in this board.

Also notable: Aurum AI led wins (25) with average +$57.57. Its worst path fell 18.82% and closed at −$171.93.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins2 / 100
Avg profit-$8.61
Avg DD8.93%
Worst DD18.82%
Paths in profit48 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 vs gold hybrid peers

$1000 · 1% risk · 90d

EAs in this test

XG Gold Robot Sharkyra Gold Quantum Valkyrie SixtyNine EA Nexorion Initium Novum EA BB Return Obsidian Flow Atlas EA XIRO Robot Cortex Aurex Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100), average −$40.35, avg DD 10.41%, profitable 37/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: XG Gold Robot led wins (21) with average +$69.81. Sharkyra Gold had the best average (+$77.48). Its worst path fell 35.24% and closed at −$342.29.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$40.35
Avg DD10.41%
Worst DD35.24%
Paths in profit37 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 gold @ 0.5% risk

$1000 · 0.5% risk · 90d

EAs in this test

The Gold Reaper Byrdi Safe Haven Gold EA SwissSniperEA AXIO Gold EA Smart Gold Hunter Zerqon EA CRT Model 1 TwisterPro Scalper Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (2/100), average −$10.19, avg DD 8.82%, profitable 43/100.

Path types in this board: Among its first-place paths, most were news-shock / strong-downtrend style paths. Average profit was strongest on strong-uptrend paths in this board.

Also notable: The Gold Reaper led wins (25) with average +$58.93. Its worst path fell 18.60% and closed at −$176.16.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins2 / 100
Avg profit-$10.19
Avg DD8.82%
Worst DD18.60%
Paths in profit43 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 gold @ 2% risk

$1000 · 2% risk · 90d

EAs in this test

Gold Zilla AI Prisma Vortex Gold EA Helios Gold AI Mosquito TNG Gold The Buster XAU Single Entry Prime Execution AI EA Mavrik Scalper Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (1/100), average −$75.60, avg DD 12.74%, profitable 23/100.

Path types in this board: Among its first-place paths, most were news-shock paths.

Also notable: Gold Zilla AI led wins (33) with average +$75.35. Its worst path fell 40.03% and closed at −$339.77.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins1 / 100
Avg profit-$75.60
Avg DD12.74%
Worst DD40.03%
Paths in profit23 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 gold @ $300 deposit

$300 · 1% risk · 90d

EAs in this test

GoldSpire GOLD Scalper PRO Byrdi TwisterPro Scalper Smart Gold Hunter TNG Gold Ultimate Breakout System SuperScalp Gold Spider Gold Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (0/100, tied), average −$30.46, avg DD 15.12%, profitable 20/100.

Path types in this board: No first-place paths on this board, so path-type wins are not listed.

Also notable: GoldSpire led wins (21) with average +$14.71. GOLD Scalper PRO had the best average (+$26.64). On a $300.00 deposit, −$30.46 is about −10.2%. Its worst path fell 52.65% and closed at −$156.98 — its deepest in this set.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins0 / 100
Avg profit-$30.46
Avg DD15.12%
Worst DD52.65%
Paths in profit20 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 gold @ $5000 deposit

$5000 · 1% risk · 90d

EAs in this test

Aureum Quant Smart Gold Impulse CasperIT Adaptive Market Intelligence Trader Trend Catcher exp Sharkyra Gold Cortex Aurex Nexorion Initium Novum EA Quantum Valkyrie Obsidian Flow Atlas EA Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (2/100), average +$16.73, avg DD 6.57%, profitable 50/100.

Path types in this board: Among its first-place paths, most were high-volatility-chop / sideways-tight style paths. Average profit was strongest on high-volatility-chop paths in this board.

Also notable: Aureum Quant led wins (24) with average +$206.37. On a $5,000.00 deposit, +$16.73 is about +0.3%. Its worst path fell 18.26% and closed at −$910.10.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins2 / 100
Avg profit$16.73
Avg DD6.57%
Worst DD18.26%
Paths in profit50 / 100
Download full report (ZIP) Re-run in FX EA Tester

Wave Rider EA MT5 mixed gold @ 180-day window

$1000 · 1% risk · 180d

EAs in this test

Prisma Gold Zilla AI Helios Gold AI Mosquito The Buster XAU Single Entry ArtQuant Gold Yukon Mavrik Scalper Prime Execution AI EA Wave Rider EA

What stood out in this test

Wave Rider EA MT5: #10 on wins (1/100), average −$73.84, avg DD 12.67%, profitable 21/100.

Path types in this board: Among its first-place paths, most were low-volatility-quiet paths.

Also notable: Prisma led wins (31) with average +$78.84. Its worst path fell 28.07% and closed at −$215.97.
How Wave Rider EA MT5 did in this test
Rank#10 of 10
Wins1 / 100
Avg profit-$73.84
Avg DD12.67%
Worst DD28.07%
Paths in profit21 / 100
Download full report (ZIP) Re-run in FX EA Tester

Full ranking for the main test

Full results for Wave Rider EA MT5 vs mixed gold popular. Wins mean finished first on a path — not the same as “always made profit.”

Rank EA Wins Avg profit Avg return Avg DD Worst DD Washouts
1 Scalping Robot Pro 29 $65.38 6.54% 9.93% 32.39% 0
2 The Gold Reaper 20 $81.17 8.12% 8.57% 20.85% 0
3 Quantum OmniGold 16 $61.43 6.14% 8.18% 17.00% 0
4 Smart Gold Hunter 14 $21.52 2.15% 8.97% 23.56% 0
5 TwisterPro Scalper 5 $53.92 5.39% 7.96% 18.02% 0
6 Zerqon EA 5 -$24.63 -2.46% 10.54% 26.55% 0
7 Ultimate Breakout System 4 $1.32 0.13% 10.61% 25.59% 0
8 AXIO Gold EA 3 -$5.57 -0.56% 10.31% 29.20% 0
9 Goldwave EA 3 -$44.15 -4.41% 12.05% 27.59% 0
10 Wave Rider EA this EA 1 -$35.96 -3.60% 9.97% 22.35% 0
Download full test report (ZIP) Re-run test

Related on Orion: gold EA store · risk disclosure · backtesting limits

So… is Wave Rider EA MT5 worth trying?

Our take: Cautious — weaker results in these tests

Where it looked stronger or weaker

Fit by condition uses FX EA Tester peer groups, not a live product claim.

Better in these test mixes

  • $5000 account — only plus average (+$16.73), still #10 on wins
  • AI peer field — least-negative $1000 average (−$8.61)
  • 0.5% risk — −$10.19 (second-least negative on $1000)

Weaker in these test mixes

  • Last on wins on all 14 boards
  • 2% risk — −$75.60, deepest $1000 average loss
  • 180-day window — −$73.84
  • Trend field — −$42.88; MT4 mix −$41.34; hybrid field −$40.35
  • $300 account — −$30.46 with worst path 52.65% DD

Strong points

  • No account washouts across these boards
  • Only plus average on the $5000 board (+$16.73)
  • Least-negative $1000 averages on AI field and 0.5% risk
  • Listing: Recovery Grid or Single Position, seven strategies, news/DD tools
  • Clear MT5 / XAUUSD product scope

Weak points

  • Last on wins on all 14 boards
  • Positive average on only 1 of 14 boards
  • Deep losses at 2% risk (−$75.60) and over 180 days (−$73.84)
  • Worst path reached 52.65% on the $300 board
  • Only 20–50 of 100 paths in profit

Reasons it may fit you

  • You still like the Recovery / Single Position product design after reading weak gold tests
  • You will demo Single Position first with tight loss limits
  • You treat marketplace signals as marketing, not proof

Reasons to be careful

  • You want an EA that finished near the top of these gold boards
  • You need plus averages on most peer mixes
  • You only trust live Myfxbook statements

Our take

Wave Rider EA MT5 is an MT5 hybrid gold scalper with seven strategies and a choice of Recovery (Grid) or Single Position modes.

In these 90-day gold tests results were weak: last on wins on every board, and a positive average on only the $5000 account. On $1000 boards averages stayed negative, with deeper losses at 2% risk and over 180 days.

Our take: Cautious — weaker results in these tests. The product design is clear; the gold tests do not support paying for peer-leading performance. Demo only if you still want the mode choice, and compare the EAs below. Downloads stay on MetaTrader Market.

Every EA in a test uses the same FX EA Tester rules. We show results even when this EA is not first. These are research tests — not live trading. Read the risk disclosure.

Other strong gold EAs to consider

No EA won every test. If Wave Rider EA MT5 is not the right fit — or you want a second option — start here.

Scalping Robot Pro MT5

When: You want the EA that led the mixed popular board

Scalping Robot Pro has a full research page and led the mixed board on wins (29/100) with +$65.38.

The Gold Reaper MT5

When: You want the EA with the best average on the mixed board

The Gold Reaper has a full research page and had the best average on the mixed board (+$81.17).

Gold Vanguard EA

When: You want the EA that led the trend board

Gold Vanguard has a full research page and led the trend board on wins and average (+$70.54).

Aurum AI

When: You want the EA that led the AI field board

Aurum AI has a full research page and led the AI field board (25/100, +$57.57).

What the run looked like

Screens from FX EA Tester while the tests ran — real test progress, not ad images.

Wave Rider EA MT5 vs gold AI peers

Paths mid-progress Wave Rider EA MT5 vs gold AI peers: mid-run board in FX EA Tester — results update as the experiment progresses.
Subject live Wave Rider EA mid-run #14 — this page’s EA with 2 first-place paths (avg Max DD 8.93%).
Hardest path live Run #6: Wave Rider EA hit 18.82% Max DD and finished -$171.93 — a tough stretch in this experiment.

Wave Rider EA MT5 gold @ $5000 deposit

Paths mid-progress Wave Rider EA MT5 gold @ $5000 deposit: mid-run board in FX EA Tester — results update as the experiment progresses.
Subject live Wave Rider EA mid-run #93 — this page’s EA with 2 first-place paths (avg Max DD 6.57%).
Hardest path live Run #4: Wave Rider EA hit 18.26% Max DD and finished -$910.10 — a tough stretch in this experiment.

FAQ

Where do I download Wave Rider EA MT5?

The Download link on this page goes to the official MetaTrader 5 product. There is no MT4 edition. Demo first before any live use.

Is this the same as Gold waves rider?

No. “Gold waves rider” is a different Market product. This page covers only Wave Rider EA MT5 by Adam Hrncir (product 165897).

How much does it cost?

On 7 Oct 2026 the Market promo price was $399 instead of the $499 list price. Check the download page for the live figure.

Does it use a grid?

Yes by default. The listing’s Recovery (Grid) mode is the default, with four recovery personalities. You can switch to Single Position with stop loss and take profit instead. Confirm trade count on your own demo.

What does it need to run?

MetaTrader 5, a hedging account on XAUUSD, from about $300 ($800+ recommended for grid), and leverage the listing allows. Keep news and drawdown protections on for first demos.

How did it do in the gold tests?

Weak. It finished last on wins on all 14 boards and averaged positive on only one board (the $5000 account, +$16.73). On $1000 boards averages stayed negative.

Where did it do least poorly?

On the $5000 account it averaged +$16.73 (still #10 on wins). Among $1000 boards the AI field (−$8.61) and 0.5% risk (−$10.19) were the least negative.

How deep was the drawdown?

Average max drawdown stayed between about 6.6% and 15.1%. Worst paths reached about 19–40% on $1000 boards, 52.65% on $300 and 18.26% on $5000.

Is it worth $399?

The product has clear modes and tools, but these gold boards were weak across peer mixes. Compare Scalping Robot Pro and The Gold Reaper first, and only demo if you still like the Recovery / Single Position design.

Did it face 100 gold EAs at once?

No. 14 gold boards, 71 unique other EAs, 10 per board.

Are these live trading results?

No. These are FX EA Tester gold boards, not live trading results. Marketplace reviews, live signals and win-rate claims are not checked here.

What to do next

1) Note the main finding: last on wins on all 14 boards; plus average on only one.
2) Compare Scalping Robot Pro MT5 and The Gold Reaper MT5 below.
3) ZIP downloads are optional rank files.
4) If you still try it, demo Single Position first with tight loss limits.

More gold EAs with experiments

Research test results are not live trading performance. Orion publishes honest test-based reviews so you can check setup, profit, and risk before you try an EA — not financial advice. Official downloads stay on MetaTrader Market. Read the risk disclosure.