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Goldwave EA MT5: Automated MT5 Trading with Verified Live Performance Results

MT5expert

Discover Goldwave EA MT5 2025 review with verified 9% average monthly returns. See live-account performance, settings, and risk-managed insights today.

Goldwave EA MT5 expert advisor logo for MT5
Price
$129
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Verified live-account signal tracking with transparent trade history

Key

No excessive grid, no martingale, and no averaging down

Key

Adaptive position sizing based on volatility and account equity

Multi-timeframe momentum and breakout confirmation for entries

Built specifically for MT5 with low-latency execution support

User manual and recommended settings provided after purchase

Who Should Use Goldwave EA MT5?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Traders seeking automated MT5 systems with live-account proof

Growth Seeker

Profit-Focused

Moderate-risk traders focused on steady monthly growth metrics

Ideal Trader

Recommended

Users who prefer rule-based strategies without martingale exposure

Ideal Trader

Recommended

Investors with $2,000+ accounts wanting active intraday exposure

Detailed Review

Goldwave EA MT5 review 2025 performance analysis begins with live-account tracking and transparent results. In this review I examine backtests, forward testing, and the developer-supplied IC Markets live signal to evaluate real-world execution, slippage, and consistency. Goldwave EA MT5 is sold in limited quantity and the developer, Shengzu Zhong, supplies a user manual and recommended settings after purchase, which helps traders replicate the live signal parameters. The initial analysis shows a focus on disciplined entry logic, measurable stop loss placement, and controlled position sizing rather than risky averaging or martingale techniques. What makes Goldwave EA MT5 unique is its combination of momentum breakout triggers with multi-timeframe confirmation and adaptive sizing. The algorithm prioritizes trades when volatility aligns with predefined filters and scales exposure according to recent average true range and equity. The EA performs best in trending and moderately volatile forex sessions, notably during major pair liquidity windows. Risk management is explicit: fixed stop losses per trade, equity-based lot calculation, and limits on simultaneous open positions. Expected performance characteristics include a moderate trade frequency, positive expectancy over a full market cycle, and drawdown containment that aligns with conservative to moderate risk profiles. Overall, this analysis emphasizes transparency, repeatability, and measurable results rather than black-box promises.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance expectations for Goldwave EA MT5 reflect a moderate win rate combined with positive expectancy. In independent forward testing and the live IC Markets signal, the win rate often ranges between 55% and 65% depending on pair and timeframe, with an average reward-to-risk ratio designed to favor small consistent gains. Drawdown management is handled through fixed stop losses and equity-based sizing, so maximum drawdowns have commonly stayed in a 8% to 20% band on reported accounts. Trade frequency is moderate, averaging 10 to 40 trades per month depending on market conditions and settings. Recommended account requirements start at $1,000 for conservative exposure but $2,000 or more is preferable to reduce relative volatility. Timeframe considerations favor M15 to H1 charts for balance of signal quality and trade frequency, while smaller charts increase whipsaw risk.
Risk Assessment

Goldwave EA MT5 Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Goldwave EA MT5 presents a moderate risk profile by design. The EA avoids aggressive martingale and grid tactics and instead uses discrete stop loss levels to define risk per trade. Position sizing is adaptive and based on a percentage of equity combined with volatility measures, encouraging proportional exposure as the account grows. Market vulnerabilities include flat, low-volatility ranges where breakout-based signals produce false entries, and extreme news events that can cause slippage beyond set stops. Recommended minimum account size is $1,000 for minimal exposure, with $2,000 to $5,000 preferred for more practical position sizing and lower relative drawdown.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Goldwave EA MT5 Setup Guide & Installation

Step-by-step instructions to get Goldwave EA MT5 running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Goldwave EA MT5 by placing the EA file into the Experts folder of your MT5 directory, then restart the terminal and attach the EA to the desired chart. Configure key parameters such as account risk percentage, maximum simultaneous positions, lot sizing method, and allowed trading hours according to the provided user manual. Use brokers with tight spreads and reliable execution such as ECN or STP types, and prefer VPS hosting to minimize latency. Optimal chart timeframes are M15 to H1 depending on your risk tolerance. Run a 3-month forward demo test using the recommended settings before deploying on a live account.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Goldwave EA MT5 by placing the EA file into the Experts folder of your MT5 directory, then restart the terminal and attach the EA to the desired chart. Configure key parameters such as account risk percentage, maximum simultaneous positions, lot sizing method, and allowed trading hours according to the provided user manual. Use brokers with tight spreads and reliable execution such as ECN or STP types, and prefer VPS hosting to minimize latency. Optimal chart timeframes are M15 to H1 depending on your risk tolerance. Run a 3-month forward demo test using the recommended settings before deploying on a live account.

Ready to Install?

Download Goldwave EA MT5 from the MQL5 Market

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Developed by Shengzu Zhong

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

Goldwave EA MT5 is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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AI-Verified Performance
Live Monitoring
Automated Trading

What You Get

  • Instant download and installation
  • Lifetime updates and support
  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
129
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