Alive Time mt5

Alive Time is a professional forex expert advisor designed to analyze the EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF and AUDJPY currency pairs using the Elliott Wave Theory. This theory interprets market processes through a system of visual models (waves) on price charts.

Eight waves: The Elliott Theory identifies eight alternating waves: five with the trend and three against the trend.

Trend and corrective waves: Price movement on the market takes the form of five waves, three of which (1, 3, 5) are directed along the trend, and two (2, 4) are against the trend. The first are called motive or impulse waves, the second are corrective or rollback.

Three constant properties: Wave 2 never crosses the starting point of wave 1, wave 3 is never the shortest, and wave 4 never enters the price territory of wave 1.

Wave structure: Motive waves have a five-wave structure, and corrective waves have a three-wave structure. One full cycle consists of eight waves and two phases: a five-wave motive phase (designated by numbers) and a three-wave corrective phase (designated by letters). For example, if wave 2 corrects wave 1, then the sequence A, B, C corrects the entire sequence of waves from 1 to 5.

Alive Time works on the basis of a complex transaction control algorithm and functions automatically. The user can set take profit and stop loss levels, both real and virtual.