Wave Master EA
- Experts
-
Muhamad Ikhtiaruddin Bin Md Hussin
I’m a performance-driven marketer and business strategist with a strong passion for leveraging automation, data, and digital systems to create scalable opportunities. - Version: 1.0
- Activations: 5
WaveMaster counts Elliott waves on gold and trades the pullbacks inside them.
Most wave tools draw labels and leave the trading to you. WaveMaster counts, applies the Elliott rules as hard filters, and takes the trade itself. The numbers you see on the chart are the numbers it trades from.
How it trades
Waves are counted on H1 and labelled 1-2-3-4-5 and A-B-C. Three pullback setups are traded, for buys and sells alike:
| Label | Entry | Target |
|---|---|---|
| 2 | Wave 2 pullback done | End of Wave 3 |
| 4 | Wave 4 pullback done | End of Wave 5 |
| B | Wave B pullback done | End of Wave C |
Entry is at market the moment a wave confirms. A pivot can only be confirmed after price has already turned, so a limit order back inside the zone would rarely fill. A chase limit stops it from buying a move that already ran.
The rules are enforced, not decorative
- Wave 2 never retraces past the start of Wave 1
- Wave 3 is never the shortest, and is preferred to be the longest
- Wave 4 never overlaps Wave 1, and never exceeds 50% of Wave 3
Counts that break a rule are rejected and rebuilt. Fibonacci windows and targets follow the standard ratios, all adjustable.
Main features
Corrections classified — zigzag, regular flat and expanded flat are told apart and projected differently. Expanded flats are accepted, not discarded.
Momentum divergence — RSI at Wave 5 is compared against Wave 3 to confirm an impulse has finished before correction trades are taken.
Locked wave numbers — a number is confirmed once a later pivot validates it, and never quietly rewritten. Confirmed labels are solid on the chart, provisional ones dimmed.
Up to 3 layers — one per confirmed setup, each with its own breakeven and target. Same direction only, minimum gap enforced. Set to 1 for a single position.
Breakeven + reverse stop — at 500 pips profit the stop moves to breakeven and an opposite stop order is placed 100 pips from entry, so a reversal is caught rather than missed.
Two extra entry models — supply/demand zone limits and M15 structure breakouts. Run alone or combined with the wave model.
Live dashboard — balance, equity, drawdown, net P/L, win rate, profit factor, current wave, active setup, invalidation price, and Wave 1/3/5 lengths.
Chart theming — grid off, period separators kept, green and red candles, dark background. Your original settings are restored on removal.
Market-standard safety — margin, volume, order limit, stops level and freeze level checked before every order. No DLLs, no external indicators.
Requirements
- Symbol: XAUUSD. Defaults are sized for gold.
- Timeframe: any. Waves count on H1, structure on M15.
- Account: hedging if using more than one layer. Netting users set layers to 1.
Before you buy
No martingale. No grid. Lot size never increases after a loss and positions are never averaged down.
Wave counting is interpretive, so a mechanical count will sometimes differ from a manual one. Every setup carries an invalidation level and provisional numbers are marked as provisional.
H1 counts produce a handful of setups per month on gold, not several per day. Triangles and double-three corrections are not yet labelled. Three layers carries three times the risk of one.
Test on your own broker's data before trading live. No past result guarantees a future one.
