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


      Comentários 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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      Titan AI — Sistema de trading automatizado de nova geração Titan AI é um sistema de trading automatizado de nova geração desenvolvido pela equipe especializada da MX Robots , combinando tecnologia avançada de Inteligência Artificial com profundo conhecimento dos mercados financeiros. Este EA foi treinado com dados de mercado de alta qualidade, incluindo Real Tick , MBP (Market by Price) e MBO (Market by Order) — os mesmos tipos de dados utilizados em sistemas institucionais — para oferecer decis
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      Connor Michael Woodson
      Experts
      Bypass Generator é um sistema determinístico de scalping para XAUUSD baseado em algoritmos de nível institucional. Sinal ao vivo: CLIQUE AQUI Este não é um EA típico que abre operação após operação de forma impensada, destruindo sua margem e colocando seu depósito em risco desnecessário. Cada entrada passa por 16 camadas independentes de validação antes da abertura de uma única posição. Não há grids, e cada operação possui Take Profit e Stop Loss virtuais. A curva do backtest não foi otimizada
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      AW Trading Software Limited
      4.5 (8)
      Experts
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      Stanislav Tomilov
      4.68 (19)
      Experts
      Apresentando o One Gold EA, um sofisticado robô de negociação para ouro na plataforma Meta Trader, desenvolvido para auxiliar os traders com análises avançadas de mercado. Nossa tecnologia proprietária alavanca redes neurais e algoritmos baseados em dados para analisar dados históricos e em tempo real do mercado de ouro, fornecendo insights que podem auxiliar na tomada de decisões. Ao contrário das estratégias manuais tradicionais, o One Gold EA opera com intervenção mínima, agilizando o process
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      Vasiliy Strukov
      4.7 (1090)
      Experts
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      Gun Gun Gunawan
      Experts
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      DMITRII GRIDASOV
      5 (4)
      Experts
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      Leonid Arkhipov
      4.75 (4)
      Experts
      ORIX System — um robô de trading desenvolvido especificamente para o par de moedas GBPUSD no timeframe M5 . O Expert Advisor é baseado na análise do comportamento do preço e dos elementos da estrutura de mercado, e não utiliza indicadores técnicos padrão. O EA não utiliza martingale, grids de negociação, média contra o mercado, hedge, abertura de operações sem stop loss, nem trading de alta frequência ou caótico. Live signals Requisitos e recomendações principais Par de moedas: GBPUSD Timeframe
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      5 (1)
      Experts
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      Session Breakout PRO MT4
      Sergey Ermolov
      Experts
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      Loophole System MT4
      Connor Michael Woodson
      Experts
      O Sistema Loophole é um sistema de scalping de médio alcance para pares de moedas que pode tomar decisões com base em uma conexão persistente ao Medidor de Força da Moeda global. IMPORTANTE! Entre em contato comigo após a compra para instruções detalhadas e completas! O preço atual será aumentado. Preço por tempo limitado: 79 USD Somente negociação de uma vez. Nunca use grade ou martingale. Saídas de stop inteligente que se adaptam à volatilidade diária O Medidor de Força da Moeda é um banco de
      GOLD Scalper PRO
      Lachezar Krastev
      4.48 (25)
      Experts
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      Lachezar Krastev
      4.39 (51)
      Experts
      BUY 1 and GET 1 FREE - Promotion! Buy Forex GOLD Investor with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330! ) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! 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 3 trading systems . The first one is based on scalping trading strat
      Wall Street Robot MT4
      MQL TOOLS SL
      5 (1)
      Experts
      Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
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      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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