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ForexWave

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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      TURBO SCALPER M1 is a fully automatic trading robot for the GBPUSD currency pair. The robot works on the M1 timeframe. This is the smallest and most dynamic timeframe on the Metatrader4 platform. The algorithm of the robot's work is to analyze the market dynamics using the analytical module of signals, after which the robot opens pending orders and looks where the price is going. If the price moves in the right direction and breaks through the placed pending order, the robot starts following it
      1 250 USD
      Scalper MultiCharts
      Denis Nikolaev
      Scalper MultiCharts - totalmente automático multimoedas sistema de negociação para a noite de escalpelamento.  Versão do conselheiro ScalperMultiCharts para o terminal de MT5 https://www.mql5.com/ru/market/product/33510 O acompanhamento do trabalho de conselheiro, você pode ver aqui  https://www.mql5.com/ru/signals/732551 Características  -Conselheiro comercializa no EURUSD, usd / chf, gbp / usd, usd / cad, USD / jpy, aud / usd, o NZDUSD, AUDCAD, AUDCHF, AUDNZD, CADCHF, EURCHF, NZDCAD, EURCAD
      149.99 USD
      Million Idea
      Dhanaraj
      ⭐⭐⭐⭐⭐   HALLOWEEN DAY OFFER PRICE $ 249 Important Information 🎁 By purchasing this Expert Advisor you are entitled to receive a free copy of   Good Vibes EA   -> To Receive it, Please Contact me by mql5 message! 🎁 SET FILE : 🔥 10 YEARS BACKTESTED EURUSD SET FILE ( ✦ EQUITY GUARDIAN  ✦ VOLATILITY FILTER ) 🔥 SET FILE :  GBPUSD  (LONGER RUN SET FILE) SET FILE : EURUSD  (LONGER RUN SET FILE) 🔥 MI HAS BUILT-IN NEWS FILTER (Follow this document to enable NEWS FILTER) 🔥 MI HAS BUILT-IN EQUITY
      249 USD
      PipFinite Trend Grid EA
      Karlo Wilson Vendiola
      Smart Grid Trading Expert Advisor Based on the Direction of the Trend. This EA uses an innovative approach in grid trading equipped with customizable parameters. Optimized settings and results can be accessed on our Private Telegram Group. Private Telegram Group Access Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message Free settings on telegram channel ► https://t.me/pipfinite/508 Notes EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO M
      98 USD
      Friday Monday
      Konstantin Kulikov
      ONLY 7/20 COPIES AVAILABLE AT 280$ NEXT PRICE -> 380$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
      280 USD
      Trend Line GRID mt4
      Evgenii Aksenov
      ⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!! 🏃   🏃   🏃 This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 The User's manual:   here   📢   Telegram:   https://t.me/   INFINITY_PRO_ED   📈  Real account signals:     here 🔥🔥🔥   Promo "Buy one Get one free   ►     https://www.mql5.com/en/blogs/post/740436 Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. Af
      98 USD
      BKK Scalper
      Orathai Chitphuengtham
      LAUNCH PROMO: ONLY 9 COPIES OUT OF 10 LEFT AT $ 999 ! Next price:        $ 1499 Price will be kept high to limit number of users for this strategy BKK Scalper Integrating the advantages of the popular Scalper EA on the market, the team has been optimized for 6 months.is an innovative EA that incorporates some very advance secretive trading algorithm. when detects small deviations and enters in the contrary direction trying to close the operation in the level before that deviation happens. LIVE s
      999 USD
      CheckPoint
      Vasiliy Strukov
      ⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐ Midnight is the closing time of the daily candle; it is the time of equilibrium between sellers and buyers. It was at this time that the adviser opens two orders in opposite directions. It is also possible to open the user at a specified time, or trade non-stop in the "enter right now" mode. Real-time results can be viewed  here . Manual for EA at comment  #21 Set files at comment #52 Telegram group 
      50 USD
      Turtle Scalper Pro
      Michela Russo
      Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Wasp Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   o
      195 USD
      Black Horse
      Ramil Minniakhmetov
       Black Hourse full auto Expert Advisor   uses Ant channels in its work. It is based on short-term reversal patterns that take advantage of the tendency of currency pairs to move towards the mean. Real operation monitoring as well as my other products can be found here:   https://www.mql5.com/en/users/mechanic/seller The settings will be added in the comments #28 as they are optimized.    Telegram is  here . Inputs Value: NewCycle  — when enabled, the EA works non-stop, otherwise, the EA do
      99 USD
      Filtro:
      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

      Responder ao comentário
      Versão 1.1 2020.05.28
      Updated default settings