Wind turbines usually operate in harsh environments. The gearbox, the key component of the transmission chain in wind turbines, can easily be affected by multiple factors during the operation process and develop compound faults. Different types of faults can occur, coupled with each other and staggered interference. Thus, a challenge is to extract the fault characteristics from the composite fault signal to improve the reliability and the accuracy of compound fault diagnosis. To address the above problems, we propose a compound fault diagnosis method for wind turbine gearboxes based on multipoint optimal minimum entropy deconvolution adjusted (MOMEDA) and parallel parameter optimized resonant sparse decomposition (RSSD). Firstly, the MOMEDA is applied to the preprocess, setting the deconvolution period with different fault frequency types to eliminate the interference of the transmission path and environmental noise, while decoupling and separating the different types of single faults. Then, the RSSD method with parallel parameter optimization is applied for decomposing the preprocessed signal to obtain the low resonance components, further suppressing the interference components and enhancing the periodic fault characteristics. Finally, envelope demodulation of the enhanced signal is applied to extract the fault features and identify the different fault types. The effectiveness of the proposed method was verified using the actual data from the wind turbine gearbox. In addition, a comparison with some existing methods demonstrates the superiority of this method for decoupling composite fault characteristics.