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Wave Scalper EA

The Wave Scalper EA is fully automated scalping system that uses price action to identify good scalping trades and executes them with an invisible trailing stop loss.

It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading.

This is a long term strategy combined with money management which works well on most pairs, but predominantly GBPUSD, USDCAD, EURUSD, AUDUSD & USDJPY.

Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex

Features

  • Fully automated
  • Risk Money Management
  • Works on any account size
  • Only one trade open at any time
  • Always a stop loss in place
  • No Grids
  • No Martingale


Input Settings

General Settings

  • TextColour - Colour of screen text

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades - Any integer
  • Lots - Number of fixed lots per trade if money management is off - Values 0.01 to 50.0
  • Slippage - Slippage in pips - Values 1 to 10
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk - TRUE/FALSE
  • MoneyManagementRisk - Risk per trade if money management is on - Values 0.01 to 0.1
  • AllowNewTrades - Turn this of to disable new trades - TRUE/FALSE
  • AccountProfitLock - If money management is on the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance) - Values 0.0 to 1.0

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade - Values 1.0 to 10.0
  • StopLoss - The fixed stop loss visible to the broker - Values 25 to 100 depending on the pair being traded, should be more than the inivisible stop loss
  • InvisibleStopLoss - The stop loss invisible to the broker - Values 3 to 10 depending on the pair being traded
  • TakeProfit - The take profit - Values 5-40 depending on the pair being traded
  • BarLookBack - A bar count used by the algorithm - Values 5-30
  • TooCloseBars - A bar count used by the algorithm - Values 5-30
  • MaxLookBackBars - The maximum bar count that the algorithm will process - Values 500-1000
  • TrailingStop - Enable an invisible trailing stop - TRUE/FALSE
  • TrailingStopStart - Profit in pips where the trailing stop will start - Values 1.0-10.0
  • TrailingStopPrecentage - Percentage of trailing stop - Values 10.0-30.0
  • LimitedTradeHours - Limit hours of trading by listing hours not to trade comma separated - e.g. 5,8,12-15


Optimization & Defaults

Default input values are for EURUSD, if using on other pairs optimization of InvisibleStopLoss, TakeProfit, BarLookBack, TooCloseBars, TrailingStopStart & TrailingStopPrecentage are needed to find the best results. Turn money management off when optimizing so that performance in the latter half of the test isn't weighted and better overall results are easier to spot. When optimizing, test over the last six month period, and when checking which settings are best, test a longer period of atleast two years to check out of sample data, this will reduce the chance of settings being overfitted.

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Live Signal   https://www.mql5.com/en/signals/943594     Telegram Channel     https://t.me/Successful_Forex_EA      Recommended VPS:  https://ruvds.com/pr5256     Recommended Broker:  https://ru.weltrade.com/?r1=ipartner&r2=36541     London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms to bring your
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Hippo Trader Pro MT5
Hippo Trader Pro MT5
Michela Russo
Hippo Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian and European Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Another EA ! (All future updates included) -> To Receive it, Please Contact me by  mql5 mess
299 USD
TrendLine GRID
TrendLine GRID
Evgenii Aksenov
One Copy left for $349 !!! Next price $399   Monitoring deals:     here         Our programs :   here            Subscribe to our  Telegram Group   This is a grid EA based on the signals of the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/42399  for hedge accounts Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces
345 USD
AW Swing Trading EA MT5
AW Swing Trading EA MT5
Alexander Nechaev
An advanced tool for swing trading on corrective price movements. It works on trend rollbacks in the direction of its continuation, the size of the required correction is determined by the current volatility of the instrument or manually by the trader. After detecting a correction along the current trend, the EA waits for a signal to complete the correction and continue the trend, after which it opens a position. Instructions on how the advisor works -   https://www.mql5.com/en/blogs/post/742819
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FrankoScalp MT5
FrankoScalp MT5
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time:  https://www.mql5.com/en/signals/author/test-standart . Last settings for EA in the comment : #79   Telegram channel with news: https://t.me/EAFXPRO Telegram group for questions and discussion: https://t.me/EAFXPRO_chat Currency pairs for which sets are developed: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY
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Double Impact mt5
Double Impact mt5
Evgenii Aksenov
One Copy left for $299 !!! Next price $399  Monitoring deals:     here         Our programs :   here        Subscribe to our  Telegram   We would like to introduce an Expert Adviser for two popular indicators  TrendLine PRO :   download     and  Profit Zone :     download      The main advantage of this EA is the presence of a trading panel that allows you to control the direction of trade (only BUY/only SELL or any direction) and possibility to trade in the Manual mode using BUY/SELL a
249 USD
MegaTrend MT5
MegaTrend MT5
Stanislav Chertopyatov
MegaTrend is a trading system based on medium-term impulse price fluctuations. Each trade is opened when there is a corresponding trend. MegaTrend conducts in-depth technical analysis of your chosen currency pair and takes into account fundamental factors when using the news filter. The Expert Advisor does not use aggressive and dangerous trading methods and therefore is as stable as possible when using certain settings. For safe and the most stable trading, you should always use SL. With its u
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True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True
495 USD
Panoptic Dragon MT5
Panoptic Dragon MT5
Aleksei Krasov
"Panoptic Dragon" is a high accuracy automatic trading solution. Expert is easy to set up and is suitable for both  experienced traders and beginners . Only one trade at a time. Every trade has Stop Loss and Take Profit from very beginning, and they do not change. This robot enters the market during the London Stock Exchange (LSE).  It is based on renko patterns, levels support and resistance, channel indicators with different periods and daily moving average.  The direction is determined on the
599 USD
Red Hawk MT5
Red Hawk MT5
Profalgo Limited
ONLY 1 COPY LEFT AT 349$ NEW PRICE: 399$ Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Recommended for HEDGING MT5 account types only! Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. Recommended broker:  ICMarkets.com  or   Alpari.com Recommended VP
349 USD
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Complex Chaos EA
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Prospector Scalper EA
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Rapid Reaper EA
Rapid Reaper EA
WebTech Media Ltd
The Rapid Reaper EA is a fully automated hybrid averaging EA that trades in sequences of lot increase and multiplication on both sides of the book. The system trades using market orders with take profits set across trade groups. This EA will work on any pair but works best on GBPUSD and USDCAD on the M5 timeframe. A VPS is advisable when trading with this EA. Check the comments for back test results and optimized settings. Forward testing signals - https://www.mql5.com/en/signals/author/robots4f
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Extreme Breakout EA
Extreme Breakout EA
WebTech Media Ltd
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Donchian Scalper EA
Donchian Scalper EA
WebTech Media Ltd
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Night Lottery EA
Night Lottery EA
WebTech Media Ltd
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread Risk Money Managem
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Night Scalper EA MT5
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WebTech Media Ltd
The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings. Forward t
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Custom EA MT5
Custom EA MT5
WebTech Media Ltd
Custom EA is a fully automated Expert Advisor customized to trade many strategies, the possibilities are endless. Trade based on any indicator that uses buffers to display on the chart. Choose from many built in entry signals, filters and exit strategies. Trade any pair available in MT4. Default settings are for scalping EURUSD, but please check the set file page below to get the latest set files. This EA is in active development and will be expanded over time. If you have a suggestion feel fre
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Version 1.3 2021.03.16
Added same options as MT4 version. Defaults are for EURUSD.
Version 1.2 2018.09.30
Added new options, bringing it up to date with the MT4 version.