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FXwave

  • Fully automated program for FOREX trading.
  • The operation algorithm is based on strict following a price movement (trend) avoiding unprofitable positions.
  • Virtual Take Profit and Stop Loss levels fix profit and limit possible losses.
  • The Trailing Stop function allows to fix any sign of market movement.
  • The FXwave EA can trade both at the specified time of a day and percentage of the deposit.
  • The EA can work with pending orders and market execution.
  • It uses elements of the Martingale method to minimize losses. At that an unprofitable position is not increased.


Requirements

  • Broker for the EA's operation: any.
  • We recommend to select brokers with tight spread if the Trailing Stop function is enabled.
  • Chart period for the EA: any period as only the price movement is used.
  • Type of order execution: Instant Execution, Market Execution (autodetection).
  • Account types: any, ECN.
  • As the EA uses virtual orders, we recommend to rent VPS.
  • Always works only with its own orders, so it will not prevent simultaneous manual trading.


Recommendations

  • It can work on any deposit with any account currency. Required trading account balance is calculated as follows: 100$=0.01 lot.
  • Connect the Rebate spread return program. The EA trades frequently allowing you to earn some extra profit.
  • To work with several symbols, simply launch the EA on the appropriate charts.
  • If you select a pair using the EA, bear in mind availability of one-way movement of the currency pair without rollbacks equal to 300-400 points (5 digit quotes). It shows good results on EURUSD, USDCAD, GOLD.
  • Avoid trading currency pairs having long flat periods on USDCHF, EURGBP, or bi-directional price spikes on GBPUSD.


Parameters

  • Time_start — EA operation start time;
  • TTime_end — EA operation end time;
  • Start Lot — initial lot;
  • Lot Multiplier — lot multiplier;
  • Auto_Lot — allow trading percentage of the deposit: true/false;
  • Lot_Percent — used percentage of the deposit;
  • Limit — limited number of lot multiplication instances, if reached, Start Lot is used;
  • Max_Lot — maximum position volume, when reached, or if you do not have enough money to open an order, Start Lot is used;
  • Distance — distance in points for placing pending orders;
  • Type_orders — type of placed orders: STOP or LIMIT;
  • StopLoss — virtual level of loss limitation in points;
  • TakeProfit — virtual level of profit fixation in points;
  • Enable_Trailing_Stop — enable the Trailing_Stop function;
  • Trailing_Stop_Start_Level — level to activate the Trailing_Stop function;
  • Trailing_Stop_Distance — distance to the order of the Trailing_Stop function.
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