Bodhi EW EA Community Version
- Experts
- 버전: 1.0
BODHI Elliott Wave EA — Free Edition
Automatic Elliott Wave trading robot for MetaTrader 5
This EA BODHI Elliott Wave EA is only free for the next two months; after August 31, 2026, it will sell for $499 and will increase by $10 for every 10 licenses sold.
Follow us & Support Chanel https://t.me/tradewithme179
No manual analysis. No complex setup. Rule-validated Wave 3 and Wave 5 entries — free, forever.
Overview
BODHI Elliott Wave EA Free is a fully automated Expert Advisor that detects Elliott Wave setups in real time and places trades on any symbol or timeframe — no indicator subscriptions, no external dependencies, no license restrictions.
The EA identifies two high-probability entry points: the end of Wave 2 (entry into Wave 3, the strongest and most extended wave) and the end of Wave 4 (entry into Wave 5). Each entry requires a Fibonacci retracement into the validated zone plus a reversal candle confirmation — meaning the EA only acts on clean, rule-compliant setups.
How It Works
· Step 1 — Pivot Detection: A native ZigZag algorithm identifies swing highs and lows directly from price data. No external indicator file required.
· Step 2 — Wave Structure Validation: The EA checks alternation, Fibonacci ratios, and Elliott Wave rules (Wave 3 not shortest, Wave 4 no-overlap). Invalid structures are silently skipped.
· Step 3 — Fibonacci Zone Check: Current price is tested against the Wave 2 zone (50–68% retrace) or Wave 4 zone (38.2–61.8% retrace).
· Step 4 — Reversal Candle Gate: A bullish/bearish pin bar, engulfing candle, or directional close must appear on the last closed bar before entry is taken.
· Step 5 — Trade Execution: Risk is fixed at 0.1% of equity. SL = 1.5 × ATR from entry. TP = projected Elliott target or minimum R:R × SL distance, whichever is further.
What's Included (Free Edition)
· Wave 2 → 3 entry: Enter at the end of Wave 2. Wave 3 is typically 1.618× Wave 1 — the most powerful move in any impulse.
· Wave 4 → 5 entry: Enter at the end of Wave 4. Clean Fibonacci retracement (38.2–61.8%) with reversal candle required.
· Native ZigZag: Pure MQL5 swing detection — zero external files, zero setup.
· ATR-based SL: Stop loss placed 1.5 × ATR from entry. Adapts to current volatility.
· Minimum R:R filter: Trade is skipped if the Elliott target does not meet the configured minimum risk:reward (default 2.0:1).
· Total drawdown guard: EA halts and closes all positions if total account drawdown reaches the configured limit (default 9%). Safe for funded account challenges.
· Weekend auto-close: All positions closed before Friday session end.
· Info panel: Real-time dashboard — pattern, direction, last signal, open positions, drawdown %, session status.
Popup alert: MetaTrader native alert fires on every new trade entry
