GoldWay EA II
by Oleksandr Myrhorodskyi · MT5
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Summary
Goldwave EA MT5 is an MT5 expert advisor from Shengzu Zhong priced at $129, but lacks verified live stats and a public rating. Traders comparing it should weigh its lower entry price against higher-rated alternatives like ZenQ AI EA ($399) or the budget Degen Rocket ($30). All products here have no verified performance data, so expect broker constraints, spread sensitivity, and drawdown risk when testing. FxRobotEasy independently reviews every bot listed; use demo accounts and strict risk controls before committing real funds.
Retail forex traders compare Goldwave EA MT5 with alternatives to balance cost, developer approach, and perceived reliability. Goldwave is a low-cost MT5 expert advisor by Shengzu Zhong, but with no public rating or verified track record. That absence pushes traders to evaluate higher-priced or higher-rated options for confidence, strategy fit, and risk profile. Alternatives differ on price, author reputation, and user ratings, yet none of the products here have independently verified live statistics. Given broker rules, spread sensitivity, and drawdown possibilities, side-by-side comparison helps traders choose an EA aligned to their capital, timeframe, and risk tolerance.
| Metric | Goldwave EA MT5Main Product | Scalperology Ai Our bot | GoldWay EA II | GoldVein EA | GoldWick Candle Rejection | Goldvane |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $129 | $149 | $499 | $69 | $59 | $69 |
| ROI | N/A | N/A | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 12.1% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 67.2% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 2.15 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 902 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Goldwave EA MT5 is an MT5 expert advisor from Shengzu Zhong offered at $129. Its main strengths are affordability and straightforward access for MT5 users seeking an automated approach without a heavy upfront charge. The weaknesses are clear: there is no public rating (N/A/5) and no verified performance stats available, which increases reliance on developer claims and backtests. Platform realities matter: live results can be affected by broker spreads, execution quality, and account restrictions such as minimum lot sizes. Drawdown risk is inherent to any EA; Goldwave will suit budget-conscious traders who prioritize low cost and are prepared to demo it extensively, run conservative position sizing, and monitor for broker-specific behavior. Traders wanting audited live track records or higher-rated community feedback may prefer alternative EAs.
by Oleksandr Myrhorodskyi · MT5
by Ivan Lazarenko · MT5
by Worapong Longwong · MT5
by Nawal Kishor Yadav · MT5
Goldwave EA MT5 is a budget-friendly MT5 expert advisor at $129 that can suit traders wanting an inexpensive entry to automated trading, but it lacks a public rating and verified live stats. Higher-rated options like ZenQ AI EA or community favorites such as Pyro Flux and Gold Sparrow may offer perceived quality advantages, while Degen Rocket is a cheap, higher-risk experiment and Superior Trader targets premium buyers. Given broker spread sensitivity, execution differences, and drawdown risk, demo and forward-test any EA. FxRobotEasy independently reviews all listed bots and also offers verified FxRobotEasy bots as alternatives to consider.
Whether Goldwave EA MT5 is worth buying depends on your priorities. At $129 it is inexpensive, making it suitable for traders who want a low-cost automated entry. However, Goldwave has no public rating and no verified live stats, so you should demo it extensively, check behavior under your broker’s spreads and execution, and apply conservative position sizing. Do not rely on backtests alone; expect drawdown risk and be prepared to intervene.
The best alternative depends on budget and risk tolerance. ZenQ AI EA (rating 5, $399) is positioned as a premium option for traders valuing higher marketplace ratings. If cost sensitivity matters, Degen Rocket ($30, rating 4.5) offers a low-cost experiment. Pyro Flux and Gold Sparrow both carry top ratings but have no price listed. None of these have verified live statistics, so the recommended approach is to demo several candidates and evaluate them under your broker conditions.
Always demo-test EAs under the same conditions as your live account: same broker, account type, spreads, and leverage. Run forward tests over multiple market regimes, monitor for slippage and execution anomalies, and track drawdown patterns. Use conservative position sizing, clear stop rules, and limit simultaneous risk. Keep records of all trades and compare results against backtests. Because no verified stats are available for these products, demoing is the primary risk-control step before any real-money deployment.
While evaluating Goldwave EA MT5 and its alternatives, consider Scalperology Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
12.1%
Max Drawdown
67%
Win Rate
902
Total Trades