Product URL: Wave Master EA on MQL5 Market
🔰 Introduction
Wave Master EA (Wavesv3.0) combines the power of 10 proprietary wave-based strategies to trade Forex, Gold (XAUUSD), Bitcoin (BTCUSD), and major indices like US30. Designed for both novice and experienced traders, this EA is fully automated with a strong focus on risk management, trading time logic, and profit protection.
"Wishing you Limitless Success and Abundant Wealth in your Algo Trading Journey!"
⚙️ How to Use
✅ Step 1: Attach the EA to a Chart
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Use M1 timeframe for best results.
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Supported instruments: XAUUSD, BTCUSD, US30, GER40, etc.
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Allow "Algo Trading" in MetaTrader 5.
✅ Step 2: Load the Provided .set File
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Right-click on the chart → Expert Advisors → Properties
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Click "Load" and select the appropriate .set file from your folder (e.g., XAUUSD_M1.set)
🔧 Input Parameters
📘 Information
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Info_Message1 – Welcome message.
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Info_Message2 – Description of the EA’s strategy logic.
🛡️ Risk Management
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RiskPercentage – % of balance risked per trade (e.g., 3.0 means 3%).
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StopLossPercentage – Initial stop loss as % of entry price (e.g., 1.0 for 1% SL).
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MaxOrders – Limit the number of open trades to control exposure.
💡 Use low risk for volatile pairs like BTCUSD and XAUUSD.
⚙️ Trading Settings
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RiskRewardRatio – Target profit based on risk (e.g., 2.0 for 1:2 RR).
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TrailingStopPercentage – Distance for trailing stop in % (activates once profit threshold is crossed).
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ProfitThresholdPercentage – Profit level at which trailing starts.
🕒 Trading Hours
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Trading Start Hour – Start hour of trading.
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Trading End Hour– End hour of trading.
🟢 Break-Even Logic
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UseBreakEven – Enable/Disable automatic break-even logic.
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BreakEvenTriggerPips – Trade must reach this pip gain to activate break-even.
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BreakEvenLockPips – Lock in this many pips of profit above/below entry.
🧩 Others
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magicNumber – Unique identifier for this EA instance.
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userComment – Custom comment attached to trades for easier tracking.
📂 Included .set Files
Set Files and Optimized Results attached. Download it.
🎯 Run optimization in Strategy Tester to fine-tune for your broker's conditions.
I also attached sample Set Files for your Testing and Verifications. Sample-Setfiles-Wave-Master.zip / BTCUSD.zip / US30.zip
I have Tested this EA with capital $250 from 1-JAN-2023 to till Date with 3% Risk. But I suggest to keep your risk 1% or less in your LIVE account.
Make sure you have Downloaded the Wave Master EA.
Tee see the Results Report......
Open Excel -> Open the downloaded ReportOptimizer file (ReportOptimizer-WaveMaster.zip) for all the 10 Waves Strategy to see the Complete Optimized Results. screen shot mentioned below.
To Load the Tested optimized Results in your MT5 Strategy Tester follow the below steps. (It is for My Reference only. This files will not load in your MT5 since the EA name is Different)
If you need any specific setfiles message me. I will support you. :)
Next Follow the screenshot to Load all the optimized results (Optimized-Setfiles-Collection-10Strategy.zip) in your MT5 Terminal Strategy Tester.
