Goldwave EA MT5 v2.35 + Setfiles

Goldwave EA MT5 – Adaptive XAUUSD Expert Advisor for MetaTrader 5

Goldwave EA MT5 is an adaptive, selective expert advisor built specifically for trading XAUUSD (Gold) on MetaTrader 5. The developer’s public MQL5 Signal shows +721.90% growth since October 2025, across 279 trades with a 95.34% win rate. This store’s package delivers the EA’s 2.33 and 2.35 builds together with two ready-made set files.

⚡ Key Highlights

• 📈 The public MQL5 Signal reports +721.90% growth, 279 trades, and a 95.34% win rate since October 21, 2025.
• ⚙️ Adaptive logic evaluates volatility, risk, and market quality rather than relying on one fixed indicator trigger, per the developer’s description.
• 🛡️ The developer states Goldwave avoids Grid, Martingale, and averaging down; a fixed Stop Loss acts as last-resort protection.
• ⚠️ Average losses run several times larger than average wins ($1.76 average win vs -$8.15 average loss on MQL5), so results depend on a consistently high win rate.
• 🖥️ The delivered package includes v2.33 and v2.35 builds plus a Low Risk set file and an M1 Optimization set file.
• 🎯 Built exclusively for XAUUSD, with M1 named by the developer as the primary recommended timeframe.

📊 Performance Results

The strongest available proof is the public MQL5 Signal linked directly from Goldwave’s official marketplace listing. Since starting October 21, 2025, the signal shows 279 trades, 266 winners (95.34%), a profit factor of 4.41, an average hold time near 2 hours, and a maximum equity drawdown of 17.52% on a $50 initial deposit through IC Markets at 1:500 leverage.

The developer’s matching Myfxbook account mirrors the same 279 trades and reports a slightly different profit factor of 4.80, with long trades winning 94% and short trades winning 96%. Myfxbook and the Signal Start mirror both report drawdown at 23.83%, versus 17.52% on MQL5; the gap comes from different drawdown calculation methods across platforms, not from a separate track record.

The average-loss figures matter more than the win rate alone. MQL5 and Myfxbook both show average losses roughly four to five times larger than average wins ($7.31-$8.15 lost per losing trade vs $1.71-$1.76 gained per winning trade). This means the strategy leans on sustaining a 94%+ win rate; a run of losses, or even a handful of larger losses, can offset many small wins. The supplied v2.35 configuration sets a fixed Stop Loss of 3000 points, consistent with this wide loss profile, so position sizing and account capital should be set with that asymmetry in mind. This is public monitored MQL5 Signal and Myfxbook data tied to the developer’s own account; past performance does not guarantee future results.

⚙️ How It Works

Strategy: The developer describes adaptive, rule-based logic that reads volatility, risk, and market quality rather than firing on a single fixed indicator. The exact formula is not publicly disclosed.

Entry: Trading is described as selective and low-frequency, with entries treated independently rather than as part of a chained sequence.

Position / Grid Management: The developer states Goldwave does not use Grid, Martingale, or averaging down, and typically runs one active position at a time.

Exit: Trade management is dynamic, with a fixed Stop Loss serving as a last-resort protection layer. In the supplied v2.35 preset, both Stop Loss and Take Profit are set to 3000 points, lot sizing uses Conservative mode, and lot size is bounded between 0.01 and 1.0.

Risk Control: The v2.35 preset enables a news filter that pauses trading 60 minutes before and after high-impact events, and a spread filter that blocks entries once spread exceeds 150 points. Optional prop-firm gate settings (0.2% risk per trade, 5% daily loss lock, 20% max drawdown lock) exist in this build but are disabled by default.

Best Conditions: M1 is the developer’s primary recommended timeframe, and low-latency ECN/RAW execution supports accurate news and spread filtering.

Caution: News-filter logic relies on WebRequest data that cannot be fully reproduced in the MT5 Strategy Tester. The public signal’s average loss significantly exceeds its average win, so performance depends on maintaining a very high win rate rather than favorable per-trade risk/reward.

🧩 Technical Specifications

Goldwave EA MT5 is listed on the official MQL5 Market under product ID 158203.

🎯 Who Should Use This EA

Ideal for:

• Traders who want a dedicated Gold-only automated strategy rather than a multi-pair system.
• Traders comfortable running an EA where individual losses can be several times larger than a typical win.
• Traders able to run continuous 24/5 execution, ideally on a VPS, for consistent monitoring.

Best results when:

• The broker offers ECN/RAW execution with spreads compatible with the supplied 150-point spread filter.
• The trader validates the delivered v2.33/2.35 build under current market conditions before committing live capital, since the public signal reflects the developer’s own account rather than a guarantee for this specific package.

Not ideal for: traders expecting low drawdown by design, or anyone unwilling to monitor a strategy whose average loss materially exceeds its average win.

📦 Download Package Included

• Goldwave EA MT5_2.33_fix.ex5
• Goldwave EA MT5_2.35_fix.ex5
• Goldwave_Low Risk.set
• Goldwave New Optimization_M1.set

Your download link will be sent to your email address automatically after purchase is confirmed.

❓ Frequently Asked Questions