PHSB Elliott EA

Automated Trading Based on Elliott Wave Market Structure

Trade the structure. Let the system manage the operation.

The PHSB Elliott EA is a MetaTrader 5 Expert Advisor designed to automatically analyze price structure using principles inspired by Elliott Wave theory and identify potential trading opportunities during the development of impulsive movements.

Instead of relying on a simple combination of traditional indicators, the EA works directly with price structure and swing points, evaluating the evolution of the market to determine when the conditions for a trade are present.

🚀 Designed to Identify Wave 3 Opportunities

One of the main characteristics of the PHSB Elliott EA is its ability to search for opportunities while Wave 3 is developing, without necessarily waiting for the entire movement to be completed.

The EA analyzes the sequence of swing points and evaluates the relationship between them before initiating a trade.

This approach allows the system to participate in a potential impulsive movement from its earlier stages, while maintaining predefined rules for entry, protection and trade management.

🧠 Automated Market Structure Analysis

The PHSB Elliott EA automatically evaluates market structure and looks for configurations compatible with the Elliott Wave methodology.

The system can analyze:

• Swing highs and swing lows;

• Alternation of market structure;

• Wave relationships;

• Price progression;

• Development of potential Wave 3 movements;

• Breakout and continuation conditions;

• Structural conditions for trade management.

The objective is not to predict the market with certainty.

Instead, the EA follows a defined set of structural rules and executes trades only when the required conditions are met.

The PHSB Elliott EA was developed to manage more than just the entry.

The system includes integrated mechanisms for:

• Automatic swing-point identification;

• Elliott Wave structure analysis;

• Automated trade entries;

• Structural Stop Loss;

• Take Profit management;

• Trailing Stop;

• Dynamic position sizing;

• Financial target management;

• General account loss protection;

• Buy and Sell volume monitoring;

• Open-position result monitoring;

• Automatic position and order management;

• Magic Number control.

All these functions operate automatically according to the parameters selected by the trader.

To evaluate the historical behavior of the strategy, a backtest was performed on XAGUSD (Silver) using a Cent Account, with an initial capital equivalent to USD 200.

Historical Test

Symbol: XAGUSD — Silver
Account Type: Cent Account
Initial Capital: USD 200.00
Final Balance: USD 288.55
Total Return: +44.28%
Test Period: April 25, 2025 → September 1, 2026
Maximum Drawdown Observed: approximately 8.9%

The results above represent the specific historical test conditions and configuration used during the backtest.

They should not be interpreted as a guarantee of future performance.

📈 Built Around Market Structure

Markets do not move in straight lines.

Impulsive movements, corrections and structural changes are part of normal price behavior.

The PHSB Elliott EA was created to transform part of this structural analysis into a systematic and automated trading process.

Rather than attempting to forecast every market movement, the EA waits for specific structural conditions and then manages the trade according to predefined rules.

Risk management is an important part of the PHSB Elliott EA architecture.

In addition to managing each individual position, the EA includes mechanisms for controlling the overall account result, allowing the trader to define financial objectives and general loss limits.

This provides an additional layer of protection beyond the Stop Loss applied to individual trades.

The trader remains responsible for selecting appropriate risk parameters according to their account size and trading objectives.

The PHSB Elliott EA was designed with configurable parameters so traders can use the MetaTrader 5 Strategy Tester to evaluate different settings, symbols and historical periods.

This makes it possible to study how the strategy behaves under different market conditions before considering live trading.

For best results, always perform your own testing using the broker, account type, spread and trading conditions you intend to use.

The PHSB Elliott EA may be suitable for traders who:

✔ Want to automate a trading strategy based on market structure;

✔ Are interested in Elliott Wave methodology;

✔ Prefer systematic rules instead of discretionary execution;

✔ Want to reduce emotional interference in trading decisions;

✔ Want to test and optimize an Expert Advisor using the MetaTrader 5 Strategy Tester;

✔ Are looking for an automated system combining structural analysis with integrated trade and risk management.

The PHSB Elliott EA is a trading automation tool and does not guarantee profits.

The performance figures presented on this page are based on historical backtesting under specific conditions, using XAGUSD (Silver) and a Cent Account.

Backtest results may differ significantly from real trading results due to factors such as spread, slippage, liquidity, execution conditions, broker specifications and market behavior.

Past performance is not indicative of future results.

Trading Forex, CFDs and other financial instruments involves significant risk and may result in the loss of your invested capital.

Always test the Expert Advisor before using it on a live account and use appropriate risk management.

Market Structure. Automation. Risk Management.

A systematic approach to transforming Elliott Wave principles into an automated trading strategy for MetaTrader 5.