WaveX MT5
- Experts
- Sergei Ivanov
- Version: 1.93
- Activations: 5
Wavex is an automated trading expert advisor for MetaTrader 5 that independently opens Buy and Sell trades, sets profit targets, and manages trade volumes.
🔧 Key Features:
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Automated Trades:
Opens Buy trades when the price is below the Buy grid, and Sell trades when the price is above the highest Sell entry in that direction. -
Smart Profit Targeting:
Sets the take-profit (TP) based on the VWAP (Volume-Weighted Average Price) of open trades plus a custom offset (e.g., 50 points). -
Flexible Settings:
Choose trading frequency, timeframe (e.g., 1-minute or 5-minute), and trade volume. -
Clear Visualization:
TP lines — turquoise for Buy, red for Sell — show where trades will be closed. -
On-Screen Info:
Displays trade count, total volume, and statistics for today, yesterday, and the last hour.
📈 How It Works:
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The advisor waits for a new bar on the selected timeframe (e.g., every minute on M1).
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It checks if a new Buy or Sell can be opened by comparing the current price to existing trades.
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Opens a trade with a small volume that increases with each new trade by a defined percentage (e.g., 1.05 = 5%).
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Calculates VWAP and sets the take-profit:
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For Buy: VWAP + configured number of points.
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For Sell: VWAP - configured number of points.
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Updates TP lines and displays statistics on the chart.
✅ Usage Recommendations:
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Ideal for traders looking to automate their strategy with minimal effort.
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Use on a cent account with at least $5000 deposit for a safe start.
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Select EURUSD M1 timeframe for active trading.
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Start with 0.01 lot and 50-point TP.
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Enable both Buy and Sell for a balanced strategy.
⚙️ Technical Details:
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Platform: MetaTrader 5 (MQL5)
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Type: Automated Expert Advisor
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Inputs:
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startVolume : Initial trade size (default: 0.01)
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stepTp : Take-profit distance in points (default: 50)
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Version: 1.91
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© Sergey Ivanov, 2025
⚠️ Limitations:
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TP lines require open positions to be visible.
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Works only on the chart symbol it is attached to.
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Averaging strategy can be risky during strong trends — always test on a demo account first.
📬 For contact, PARTNER PROGRAM and detailed info: Facebook
Wavex — your reliable assistant for automated trading, simplifying execution and offering clear insights into your trades.