Medium RiskMT5ScalperGridRecoveryGoldMulti-TFMedium Risk
Screenshots
AI Summary
Wave Rider EA is a specialized gold trading system that combines scalping speed with multiple timeframe analysis and risk protection. It offers 4 different strategies and two trading modes (grid recovery or single position), with most trades closing within 30 minutes.
Grid recovery mode can lead to significant drawdowns during adverse market conditions, and the claimed 98% win rate appears unrealistic without proper verification
Pros
- Triple timeframe confirmation reduces false signals
- Multiple strategies adapt to different market conditions
- Built-in protection systems and drawdown limits
- Flexible trading modes for different risk preferences
Cons
- No verified reviews or performance data available
- Recovery mode uses grid system which can amplify losses
- Single asset focus limits diversification opportunities
Requirements & recommendations
Min deposit$300
Broker typeECN
VPSRequired
TimeframesH1, M15, M30, M1, M5
Supported prop firms— verified compatible
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Strategy explanation
Uses H1 trend analysis with M15/M30 entry confirmation across 4 strategies: support/resistance zones, pullback trading, breakout momentum, and M5 overbought/oversold bounces