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ForexWave

5

ForexWave


The ForexWave EA is built to trade in one or both directions of the market, you need to have an MT4 account with a broker that allows hedging.

It can be run on several pairs at the same time and it is fully customizable.

This robot is mainly designed to scalp and perform a grid strategy. It will open additional buys or sells when orders are going in the wrong direction.

When opening one or multiple grid orders the expert advisor will automatically calculate the breakeven point and you can set the take profit from this point.

There are 3 different trading types and you can also set specific trading hours.

For additional information you can contact me through MQL5


Recommendations

  • There is no minimum account size to use this expert advisor but I recommend at least 100$ although depending on the settings it can be considered as high risk.
  • It is always recommended to have low spreads in Forex for best results.
  • A period of testing should be conducted to optimize all parameters as they would be different for each currency pairs.
  • Choose in which trading session you want the ForexWave to operate or you can leave it running on all trading sessions.


Trading types

  • There are 3 trading types which you can select to run the EA.
  • Let it roll : This technique will continue trading even when the Initial TP, the SL or the Grid Order TP is reached.
  • Stop trading day (Grid TP/SL) : When you set a specific trading time, if the Grid Order TP or the SL is reached, the EA will close all orders and resume trading only on the next day.
  • Close all and restart : If the buy or the sell reaches the Grid Order TP or the SL, the EA will close all open orders but it will reopen a buy and a sell with the initial lot size.


    Parameters

    • TradingType : Let it roll / Stop trading day (Grid TP/SL) / Close all and restart
    • Initial Trade Base : Originally set to BUY & SELL
    • Initial Lot : Desired initial lot size
    • Lot Multiplier : Set the multiplier for subsequent orders
    • Grid Step : Step in pips to open grid orders
    • Hidden Exit : The take profit is hidden to the broker when set to true
    • Initial TP : Desired take profit in pips
    • SL : Desired stop loss in pips from the initial order (note that this setting will close all open orders in that direction, initial + grid)
    • Grid Order TP : Desired take profit in pips from the averaging point of the initial and grid orders in the same direction
    • Magic Number : Set a different magic number for each pair used
    • Slippage : Set maximum slippage
    • Max Trades Buy : Set the maximum of buy orders to open from the grid system
    • Max Trades Sell : Set the maximum of sell orders to open from the grid system
    • Comments : EA comments
    • (-) : Profit Trade Base On Account Currency
    • Amount Of Total Profit Both Side : Set at 0.0
    • Filter Trading Time : Enable if you want the expert advisor to trade only between a specific period of time
    • Time Start : The start time of the expert advisor
    • Time End : The end time of the expert advisor
    • Close Order On Time End : When set to true all orders will be closed at the end time
    • Filter_MaxSpread : Set to false
    • Max_Spread : Default 5.0


      Reviews 1
      PIPS WIZARDS
      24
      PIPS WIZARDS 2020.06.05 17:19 
       

      Purchased ForexWave roughly a week ago, currently in profits with the bot which is running on Eurusd. Mr Beaudoin is very helpful and responds fairly quickly when I have any questions! Thank you for your product

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      Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
      US30 Scalper EA MT4
      Lo Thi Mai Loan
      5 (6)
      Launch promo! Only 2 copies left at current price! Next price: 1533 $ Final price: 1993$ Buy US30 Scalper and you could get Quantum Algo Trading or Nasdaq Algo for free ! => Contact after purchase Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:  https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller More analytics:  https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/use
      Boring Pips MT4
      Thi Thu Ha Hoang
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      Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool t
      AW Classic MACD EA
      AW Trading Software Limited
      3.67 (3)
      Fully automated trading system. A classic indicator is used as signals   MACD , which combines a trend indicator with an oscillator to detect entry points. Uses averaging, the function of closing the first and last basket orders and the function of automatic lot calculation. Has an advanced dashboard and three types of notifications. Problem solving ->   HERE  / MT5 version ->  HERE   /   Instruction  ->   HERE   Benefits: Fully automated trading system Easy setup and intuitive panel interface
      Btcusd Grid
      Ahmad Aan Isnain Shofwan
      BTCUSD GRID EA is an automated program designed to use the grid trading strategy BTCUSD GRID EA is highly useful for beginners and experienced traders alike. While there are other types of trading bots you can use, the logical nature of the grid trading strategy makes it easy for crypto grid trading bots to perform automated trading without issues. BTCUSD GRID EA is the overall best platform to use if you're looking to try out a grid trading bot. BTCUSD GRID EA is highly effective for the cryp
      This EA was once our internally used premium EA, now offered to everyone after adaptive improvements. It utilizes stable time zone patterns, generates orders almost daily with a very high win rate, and is particularly suitable for clients with lower capital. Backtesting using MT5's "Every tick based on real ticks" mode yields results highly similar to live trading, no adjustments and showing long-term stability, indicating a mature strategy. However, everything has two sides. This EA's strategy
      TopBottomEA
      lizhi fu
      4.67 (48)
      TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
      EA Top G
      Mohamed Hassan
      5 (9)
      Current price of $50 for a limited time! Next price is: $85 Live Signal : Click here  -- Don't buy a fake backtest, get a real strategy on a real signal!  After purchase, If you genuinely like this robot, you can receive EA Interceptor for Free ! Contact me for more information regarding this BONUS ! EA TOP G  is a multi-currency expert advisor  based on trend following . It uses a hedge system with a very good risk management. It's an ideal candidate for CENT accounts and big balances. It
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      PIPS WIZARDS
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      PIPS WIZARDS 2020.06.05 17:19 
       

      Purchased ForexWave roughly a week ago, currently in profits with the bot which is running on Eurusd. Mr Beaudoin is very helpful and responds fairly quickly when I have any questions! Thank you for your product

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      Version 1.1 2020.05.28
      Updated default settings