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Elliott Wave EA

50 USD

Demo downloaded: 56

Published: 29 March 2025

Current version: 2.0

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Elliott Wave EA

Experts
Vladimir Shumikhin
Version: 2.0
Updated: 29 March 2025
Activations: 10

Elliott Wave EA Advisor

Description

Elliott Wave EA is a professional trading solution based on M & W wave patterns described by A. Merrill. This powerful Expert Advisor identifies and trades wave formations with high accuracy, providing traders with a reliable automated solution for using Elliott Wave theory.

Key Features

Intelligent pattern recognition - Advanced algorithm identifies M & W wave patterns with exceptional accuracy
Dual signal technology - Trades both Evolution and Mutation signals for comprehensive market analysis
Flexible trading direction - Choose to trade buy only, sell only, or in both directions
Adaptive capital management - Fixed volume or risk-oriented position sizing according to your trading style
Multi-timeframe analysis - Optimized for all timeframes with default settings for M15
Complete protection system - Includes customizable Stop Loss, Take Profit, Trailing Stop, and Breakeven

Markets and Pairs

Elliott Wave EA shows exceptional results in various markets:

Forex pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and others
Commodities: XAUUSD (Gold), XAGUSD (Silver), WTI (Oil)
Cryptocurrencies: BTCUSD, ETHUSD and other major crypto pairs
Indices: US30, SPX500, NAS100, DXY and others

Trading Logic

The advisor implements Elliott Wave theory through:

Advanced ZigZag pattern identification with customizable parameters
Recognition of Evolution and Mutation formations
Precise calculation of entry points based on wave completion
Intelligent risk management with multiple protection mechanisms
Adaptive trading based on current market conditions

Detailed Parameter Description

Indicator Settings

Depth - Determines the search window width for the ZigZag indicator. Higher values make the indicator less sensitive to minor price fluctuations, revealing more significant waves (default: 24)
Deviation - Sets the minimum price change in points to form a new ZigZag point. Affects the indicator's sensitivity to market noise (default: 12)
Backstep - Determines the offset of data start for calculations. Helps exclude false signals at the initial analysis section (default: 9)
HistSize - Sets the number of historical bars used for calculations. Affects the depth of pattern analysis (default: 500)

Trading Settings

TradeDirection - Sets allowable trading directions:
- TRADE_DIRECTION_BOTH - Trading in both directions (buy and sell)
- TRADE_DIRECTION_BUY_ONLY - Buy only
- TRADE_DIRECTION_SELL_ONLY - Sell only
TradeEvolution - Enables/disables trading Evolution signals (default: true)
TradeMutation - Enables/disables trading Mutation signals (default: true)
TimeframeToUse - Selection of the time interval for analysis and trading (default: PERIOD_M15)

Lot & Risk Settings

LotMethod - Selection of position size determination method:
- LOTMODE_FIXED - Fixed lot size
- LOTMODE_RISK - Lot size calculation based on risk level
FixedLotSize - Lot size when using the fixed method (default: 0.01)
RiskLevel - Risk level when using the risk-oriented method:
- RISK_LOW - Low risk (1% of balance)
- RISK_MEDIUM - Medium risk (2% of balance)
- RISK_HIGH - High risk (3% of balance)

Stop Loss and Take Profit Settings

StopLoss - Stop loss value in points. It is recommended to set the value to 0 for optimal operation with the built-in protection system (default: 1000)
TakeProfit - Take profit value in points. Value 0 disables take profit (default: 500)

Trailing Stop and BreakEven Settings

UseTrailingStop - Recommended to activate for optimal advisor operation (default: false)
TrailingStart - Profit in points at which the trailing stop begins to work (default: 148)
TrailingStop - Trailing stop distance from the current price in points (default: 71)
TrailingStep - Step for moving the trailing stop in points (default: 21)
UseBreakEven - Recommended to activate together with trailing stop (default: false)
BreakEvenPoints - Profit in points at which the position is moved to breakeven (default: 93)
BreakEvenOffset - Additional offset of the breakeven level in points to cover commissions/swaps (default: 31)

Trading Rules

MaxSpread - Maximum allowable spread in points for opening positions (default: 25)
MinutesBetweenTrades - Minimum time interval between trades in minutes (default: 39)
magicNumber - Unique identifier for advisor trades (default: 777)
TradeComment - Text comment added to each trade (default: "Elliott Wave")
DailyLimit - Enables/disables limit on the number of trades per day (default: true)
MaxOrdersPerDay - Maximum number of trades per day when daily limit is enabled (default: 1)
MinDistancePoints - Minimum distance in points between orders (default: 388)

Visual Settings

ColorArrow - Color of arrows marking pattern points (default: blue)
ColorTrend - Color of pattern lines (default: gold)
WidthTrend - Width of pattern lines (default: 2)
BackTrend - Enables/disables displaying pattern lines in the background (default: true)
StyleTrend - Pattern line style (default: solid line)
ColorUpHLine - Resistance line color (default: blue)
ColorDownHLine - Support line color (default: red)
WidthHLine - Width of level lines (default: 2)
BackHLine - Enables/disables displaying level lines in the background (default: true)
StyleHLine - Level lines style (default: solid line)

Usage Recommendations

The advisor is already optimized for trading on EURUSD, but to achieve maximum efficiency, it is recommended to:

Activate trailing stop and breakeven functions
Set Stop Loss value to 0 to use the built-in protection system
Adapt parameters to your broker, taking into account its features (spread size, execution speed, and others)
Functions equally effectively on both netting and hedging accounts
For testing and familiarization, it is recommended to first run on a demo account before moving to real trading
Initial recommended deposit from $100, but $1000+ is recommended for comfortable trading

Take your trading to the next level with Elliott Wave EA- an intelligent solution for automated Elliott Wave trading!

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ONLY 2 COPIES OUT OF 10 LEFT AT $499, NEXT PRICE $699 Synthara MT5 EA is Fully Automated Expert Advisor specifically designed to run on the XAUUSD/GOLD pair. Hello everyone, I am currently launching the newest and best product from its predecessor. Synthara MT5 EA is more selective and accurate in signal entry and better in managing existing transactions. Synthara MT5 EA analyzes markets based on trends, overbought and oversold zones and price action. Synthara MT5 EA can identify trends very w

499 USD

Monitoring of real trading Advisor - https://www.mql5.com/en/signals/2264971 My other products - click here Keep in mind that the results on different brokers may differ, I recommend testing on your broker before using it (you can ask me for a list of recommended brokers in the PM). Read the blog post with the description of the adviser before starting work and if you have any additional questions, write to me in the PM. A fully automatic Expert Advisor that does not require additional

499 USD

PROP FIRM READY! ( download SETFILE ) LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here New V2.2 Live Signal Welcome to the Gold Reaper! Build on the very succesfull Goldtrade Pro, this EA has been designed to run on multiple timeframes at the same time, and has the option to set the trade frequency from very conservative to extreme

599 USD

Japan AI Exo Scalp EA – An advanced short‑term trading robot for MT5 that fuses Japanese financial engineering with cutting‑edge GPT technology through a “Three Arrows” consensus framework. AI Consensus Algorithm: Three GPT models (Lightning Scalper, Deep Trend Master, Adaptive GPT) coordinate to determine market direction, providing neutral and well‑balanced trade decisions. Japanese Financial Engineering: Condenses domestic quantitative expertise into a high‑precision short‑term trading logic.

799 USD

Golden Eagle Pro EA Brief Description Golden Eagle Pro EA is a powerful automated advisor for the MetaTrader 5 platform, using a combination of multiple indicators and multi-timeframe analysis (MA on D1, ATR on M30, Fractals on M5). The advisor includes flexible risk management settings (fixed lot, percentage of balance, risk level selection), as well as advanced trailing stop and break-even functions. The program has successfully passed testing and is recommended for trading gold futures and

50 USD

ATR Grid Trader Pro Description ATR Grid Trader Pro is a multifunctional Expert Advisor (EA) for the MetaTrader 5 platform that combines grid trading technology with volatility analysis based on the Average True Range (ATR) indicator. It opens buy trades during low volatility and sell trades during high volatility, and when grid trading mode (UseGrid) is enabled, it places additional orders at a specified step (GridStep). This approach helps to effectively leverage market fluctuations and adap

50 USD

Advisor Description Goldix EA is designed for automated trading on any currency instruments, with a particular focus on gold trading (XAUUSD). It is based on a combined logic of Keltner Channel and EMA (Exponential Moving Average) indicators, supplemented by flexible risk management settings and a built-in trailing stop. The advisor can operate at any time, and if necessary, trading can be limited to specific hours using a special time filter. 1. Key Features and Operating Logic 1. Combination

50 USD

Got it! Here's the concise English version for direct copy-paste: Golden Scalper EA is a fully automated trading advisor for MetaTrader 5, designed to maximize efficiency with minimal risks. It utilizes advanced algorithms for analyzing candlestick patterns and filtering signals through a moving average (MA). Golden Scalper EA combines powerful analytics with flexible settings, making it an indispensable tool for traders of all experience levels. Advantages of Golden Scalper EA Powerful Candles

50 USD

Bollinger Bands Trader Pro – A Powerful Expert Advisor for Professional Grid Trading Based on Bollinger Bands Bollinger Bands Trader Pro is a powerful expert advisor designed for professional grid trading using the Bollinger Bands indicator. It combines flexible risk parameter settings, intelligent position management, advanced Trailing Stop features, BreakEven functionality , as well as daily trading limits and profitability statistics . The expert advisor automatically detects entr

50 USD

Grid Master Pro – A Universal Expert Advisor for Grid Trading. Grid Master Pro is a flexible and effective Expert Advisor (EA) for MetaTrader 5 that implements a reliable grid trading strategy (Grid Trading) across a wide range of instruments. It performs well when trading major currency pairs (EURUSD, GBPUSD, USDJPY), precious metals (XAUUSD/gold), commodities (oil: Brent, WTI), and cryptocurrencies (BTCUSD, ETHUSD, etc.). The EA comes with a convenient monitoring panel and offers extensive fun

50 USD

**Quantum Forex EA – Intelligent Trading Advisor for MetaTrader 5** LIMITED OFFER! Quantum Forex EA is available at a special price: • First 10 purchases — 50 USD • Next 10 purchases — 100 USD • Final price — 1000 USD Note: the number of available licenses is limited at each stage! ### Advisor Description Quantum Forex EA is an advanced trading robot (Expert Advisor) designed for automating trades on the Forex market, as well as metals and CFDs. It simultaneously processes signals from mul

50 USD

Stochastic Gold Scalper — Automated Advisor for Precise Scalping Stochastic Gold Scalper is a professional automated advisor for the MetaTrader 5 platform that combines candlestick pattern analysis with signal filtering through the Stochastic oscillator. This approach allows for identifying the most accurate entry points, minimizing risks, and avoiding false signals. The advisor is ideal for trading on short timeframes like M5 and can be used on instruments such as gold, currency pairs, and indi

50 USD

Strategy Constructor Pro Strategy Constructor Pro is a multifunctional Expert Advisor (EA) for the MetaTrader 5 platform that allows users to create and customize their own trading strategies using a wide range of technical indicators and classic candlestick patterns. Developed to meet the modern requirements of automated trading in the Forex and CFD markets, it offers flexible risk management and extensive filters to optimize results. Key Features and Benefits Strategy Assembly from One or More

50 USD

Smart Super Signals Pro Smart Super Signals Pro is a multifunctional automated trading Expert Advisor (EA) for MetaTrader 5, designed to trade popular currency pairs (EURUSD, GBPUSD, USDJPY, etc.), precious metals (Gold/XAUUSD), oil (WTI, Brent), and cryptocurrencies (BTCUSD and others). The EA is based on the principle of “Super Signals” which identify local highs and lows (potential reversal or correction points) on the selected timeframe. The EA automatically opens trades when a buy or sell s

50 USD

Pivot Levels Pro – Advanced Trading Expert Advisor for MT5 Pivot Levels Pro is a multifunctional Expert Advisor for MetaTrader 5 that automatically calculates and plots various types of Pivot levels (Classic, Fibonacci, Camarilla, Woodie, DeMark) and executes trades based on them. The EA integrates a powerful position management logic (Grid algorithm, trailing stop, break-even function) with an intuitive statistics panel displaying daily, weekly, monthly, and overall profit. Trading history is v

50 USD

MACD Trader Pro MACD Trader Pro MACD Trader Pro is your reliable assistant for automated trading on major currency pairs ( EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF, etc. ), precious metals (including gold XAUUSD ), oil ( WTI, Brent ), and leading cryptocurrencies ( BTCUSD, ETHUSD , etc.). It uses the proven signals of the MACD indicator to build a grid of orders and offers a comprehensive set of tools for flexible position and capital management. This makes it an ideal choice for

50 USD

HMA Scalper Pro EA is a multifunctional robot for active trading on the most in-demand financial instruments, including popular currency pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD), gold (XAU/USD), oil (Brent, WTI), and cryptocurrencies (BTC, ETH, LTC, and others). The core of the algorithm is a modernized version of the Hull Moving Average (HMA), which provides clearer signals compared to classic Moving Averages. The advisor reacts flexibly to short-term price fluctuations, using a gr

50 USD

Range Breakout Trader Pro: An Innovative Trading Strategy with Multiple Orders and Automatic Distance Calculation Description Range Breakout Trader Pro is a modern trading strategy for MetaTrader 5, specializing in using price range breakouts with automatic order placement and management. This advanced expert advisor is designed for traders who want to effectively implement range breakout strategies with maximum automation. The advisor places orders considering various market conditions and risk

50 USD

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Version 2.0 2025.03.29

Added configuration parameters for graphical wave text in circles:

Added the WaveLabelSize parameter to control text size.

Added the WaveLabelColor parameter to set text color.

Added the WaveLabelBgColor parameter to set background color.

Added the WaveCircleSize parameter to control circle size.

A new method, CreateWaveLabel, has been added to the MyCListPattern class to manage the creation of wave labels with customizable properties.
The Insert method in MyCListPattern has been updated to generate labeled circles for all wave points (A, B, C, D, E, Evolution, Mutation).