Couple of points to note:

• I do not know how the indicator will perform on strategy tester. It takes volume into account while doing the calculations. So please use a accurate volume history. Also it is recommended to use a ECN broker for live testing.
• Secondly, the indicator recalculates after every bar (in fact after every tick of such a option is chosen). This recalculation is very normal with all cycles based indicators. Please do not troll me with 'repainting' comments. :) The indicator is designed to recalculate and adapt with changing market conditions. Use it accordingly.
  

Regarding the frequency of trades possible with FutureWaves, it is quite modest if one follows MTF analysis. Expect anywhere between 0-2 trades per currency pair per day. For forex I would advice aiming for 10-20 pips per trade.

Additional tips:

• Expect the news releases to follow the waves.
• R/S , moving averages etc. will be useful additions when trading with FutureWaves.
  

Upgraded version 1.10.

Removed some code bugs.

Added a option of plotting the price line. The behavior of price line is normally similar to the sync wave but it involves very different set of calculations. Expect it to show some differences during hyperextended moves, high volatility  etc.

 A way to trade Binary Options with loading multiple options of Future Waves.

This is what I saw when i opened MT4 today.

Todays BO trade for a second example.