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Wave Scalper EA

2.2

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.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

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.

Avis 10
Lalit Kumar
207
Lalit Kumar 2022.11.25 10:44 
 

Excellent !!!

dragonmark
175
dragonmark 2022.03.23 11:37 
 

Good

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Bienvenue à       Version GoldExcel EA MT5   , trading valide pour la paire de devises XAUUSD (GOLD) du jour. Il a été conçu par notre équipe pour gérer les comptes réguliers, les comptes sponsorisés et les tâches. N'utilisez pas le trading à haute fréquence. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Le prix initial augmente toutes les quelques semaines. Live $1K account Aggressive :  https://www.mql5.com/en/signals/2133201 Live $5K Low Risk:  https://www.mq
GoldPulse AI MT5
Babak Alamdar
4.69 (13)
Experts
N'achetez pas un backtest, mais un véritable système de trading :   Live Signal 1     Live Signal 2 Ce prix est temporaire pendant la durée de la promotion et sera augmenté prochainement Prix ​​final : 5000 $ Il ne reste que quelques exemplaires au prix actuel, le prochain prix est -->> 500 $ Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! Il s'agit du premier robot le plus intelligent qui négocie de l'or ou du XAU avec des paires complètes comme XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY,
Quantum Trade EA MT5
Bogdan Ion Puscasu
4.8 (138)
Experts
Présentation       Quantum Trade EA   , le conseiller expert MQL5 révolutionnaire qui transforme la façon dont vous négociez la prestigieuse paire GBPUSD ! Développé par une équipe de traders expérimentés avec une expérience de trading de plus de 13 ans, Quantum Trade       EA est conçu pour propulser votre parcours commercial vers de nouveaux sommets grâce à sa stratégie de zone d'évasion innovante et dynamique. IMPORTANT! Après l'achat veuillez m'envoyer un message privé pour recevoir le man
Daytrade Pro Algo MT5
Profalgo Limited
4.5 (10)
Experts
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ NOUVEAU : obtenez 1 EA gratuitement !   (pour 2 comptes commerciaux) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bienvenue sur DayTrade Pro Algo !   Après des années d'étude des marchés et de programmation de différentes stratégies, j'ai trouvé un algorithme qui a tout ce dont un bon système de tradi
Way To Stars MT5
Wei Tu
Experts
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
Darwin Swing MT5
Guillaume Duportal
4.92 (38)
Experts
Darwin SWING Prix de lancement 999 USD , futur prix 1490 USD DESCRIPTIONS : -- Pour comprendre le fonctionnement, venez lire le blog (Cet EA reflète ma philosophie du trading forex…Si vous aimez ma façon de voir les choses, alors vous aimerez mon EA. Prenez le temps de le faire !! (Le forex n’est pas une course) : https://www.mql5.com/en/blogs/post/745790 -- Pour voir les performances passées voici les liens des signaux Live et démo signals : https://www.mql5.com/en/users/tradedea
AI NeuroX EA
Denis Kurnev
4.5 (14)
Experts
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Forex GOLD Investor MT5
Lachezar Krastev
4.88 (49)
Experts
SHOCK DEAL --> JUST RELEASED UPDATE + DISCOUNT + BONUS EA Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most successful results. You do not need to do any optimizations if you use the default settings
Gold Energy MT5
Gregory Hay
Experts
Bienvenue chez GoldEnergy Advisors, un trader actif de la paire XAUUSD(GOLD). Développé par notre équipe, il peut être utilisé pour les comptes généraux, les comptes autofinancés et les opérations autogérées. N'utilisez pas le HFT. See all products here:     https://www.mql5.com/en/users/fxmanagedforexltd/seller ***PRIX DE LA VERSION PRÉCÉDENTE*** Le bénéfice mensuel moyen en temps réel pour un compte de 1 000 $ est supérieur à 30 %   . :   https://www.mql5.com/es/signals/2212389 Le système Gold
DaVinci Code EA
Shintaseftiana
3.4 (5)
Experts
The price of this EA will be increased steadily, to limit the number of users trading with this system. The Current price is 2 copies left of 5 provided , next price 999 usd,    so come on hurry up Introducing DaVinci Code EA - the ultimate Expert Advisor that's out of this world! This cutting-edge EA operates on a super advanced system with Market Structure and OrderBlock, all set to skyrocket your trading success. Live Signal     |     Channel    |    Setfile Although DaVinci Code EA can ru
Hercules AI
Aleksandr Chebotaev
5 (4)
Experts
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Robots4Forex Ltd
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Experts
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Robots4Forex Ltd
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Robots4Forex Ltd
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Robots4Forex Ltd
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Robots4Forex Ltd
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Robots4Forex Ltd
4 (1)
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Robots4Forex Ltd
2.33 (3)
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Wave Scalper EA MT4
Robots4Forex Ltd
Experts
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Complex Chaos EA
Robots4Forex Ltd
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Prospector Scalper EA
Robots4Forex Ltd
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Robots4Forex Ltd
1 (1)
Experts
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Robots4Forex Ltd
3 (1)
Indicateurs
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Robots4Forex Ltd
3 (2)
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Robots4Forex Ltd
1 (1)
Experts
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4.6 (5)
Experts
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Robots4Forex Ltd
Experts
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Robots4Forex Ltd
3.75 (4)
Experts
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Robots4Forex Ltd
Experts
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Robots4Forex Ltd
Experts
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Robots4Forex Ltd
1 (1)
Experts
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Robots4Forex Ltd
4.17 (6)
Experts
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Robots4Forex Ltd
2.33 (3)
Experts
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Extreme Breakout EA MT4
Robots4Forex Ltd
4.5 (2)
Experts
The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive
Custom EA
Robots4Forex Ltd
4.67 (6)
Experts
Custom EA is a fully automated trading system designed to be customized to your specification in order to create unique trading strategies. This expertly coded EA is suitable for traders of all levels, from beginners to experienced traders. You can start trading using the built-in preset strategies or create your own using the fully customizable features. Custom EA uses an LSTM neural network with self-training capabilities to ensure the best performance. In addition, there are multiple preset s
Extreme Breakout EA
Robots4Forex Ltd
Experts
The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive
Night Lottery EA
Robots4Forex Ltd
Experts
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. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/r
Night Scalper EA MT5
Robots4Forex Ltd
Experts
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. View More
Custom EA MT5
Robots4Forex Ltd
Experts
Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
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Bin Jumahat Johan
1886
Bin Jumahat Johan 2023.05.05 18:25 
 

Pending Buy and Sell stops

Bryan Joel Calderon Butron
118
Bryan Joel Calderon Butron 2023.04.29 07:24 
 

no funciona, debería tener un video de como configurara y evitar algún tipo de falla en base a la experiencia que tuve no funciona las perdidas son muchas

Эдуард
112
Эдуард 2023.04.21 20:21 
 

Не ахти. Плохой советник.

Marijan Zizek
24
Marijan Zizek 2023.03.03 15:48 
 

Funktioniert mit M5 Chart und anstatt 500 auf 200 und 100 versteckte Stopp.

3230nayak
14
3230nayak 2023.01.19 14:40 
 

Not working ...

Lalit Kumar
207
Lalit Kumar 2022.11.25 10:44 
 

Excellent !!!

Pavlin Pepov Shopov
122
Pavlin Pepov Shopov 2022.11.05 13:30 
 

Can you have a video of how it works?

Cristian Mihail Pauna
12973
Cristian Mihail Pauna 2022.09.26 10:43 
 

Negative feedback!

Eder1
87
Eder1 2022.08.30 02:35 
 

Only when I finish testing that I will give a more technical opinion about the EA, but if it is according to the report I saw in the presentation, it seems to be a good EA.

dragonmark
175
dragonmark 2022.03.23 11:37 
 

Good

Répondre à l'avis
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.