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WaveX MT5

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:

  • 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:

  1. The advisor waits for a new bar on the selected timeframe (e.g., every minute on M1).

  2. It checks if a new Buy or Sell can be opened by comparing the current price to existing trades.

  3. Opens a trade with a small volume that increases with each new trade by a defined percentage (e.g., 1.05 = 5%).

  4. Calculates VWAP and sets the take-profit:

    • For Buy: VWAP + configured number of points.

    • For Sell: VWAP - configured number of points.

  5. Updates TP lines and displays statistics on the chart.

✅ Usage Recommendations:

  • Ideal for traders looking to automate their strategy with minimal effort.

  • Use on a cent account with at least $5000 deposit for a safe start.

  • Select EURUSD M1 timeframe for active trading.

  • Start with 0.01 lot and 50-point TP.

  • Enable both Buy and Sell for a balanced strategy.

⚙️ Technical Details:

  • Platform: MetaTrader 5 (MQL5)

  • Type: Automated Expert Advisor

  • Inputs:

    • startVolume : Initial trade size (default: 0.01)

    • stepTp : Take-profit distance in points (default: 50)

  • Version: 1.91

  • © Sergey Ivanov, 2025

⚠️ Limitations:

  • TP lines require open positions to be visible.

  • Works only on the chart symbol it is attached to.

  • 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.


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