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ForexWave

5

ForexWave


The ForexWave EA is built to trade in one or both directions of the market, you need to have an MT4 account with a broker that allows hedging.

It can be run on several pairs at the same time and it is fully customizable.

This robot is mainly designed to scalp and perform a grid strategy. It will open additional buys or sells when orders are going in the wrong direction.

When opening one or multiple grid orders the expert advisor will automatically calculate the breakeven point and you can set the take profit from this point.

There are 3 different trading types and you can also set specific trading hours.

For additional information you can contact me through MQL5


Recommendations

  • There is no minimum account size to use this expert advisor but I recommend at least 100$ although depending on the settings it can be considered as high risk.
  • It is always recommended to have low spreads in Forex for best results.
  • A period of testing should be conducted to optimize all parameters as they would be different for each currency pairs.
  • Choose in which trading session you want the ForexWave to operate or you can leave it running on all trading sessions.


Trading types

  • There are 3 trading types which you can select to run the EA.
  • Let it roll : This technique will continue trading even when the Initial TP, the SL or the Grid Order TP is reached.
  • Stop trading day (Grid TP/SL) : When you set a specific trading time, if the Grid Order TP or the SL is reached, the EA will close all orders and resume trading only on the next day.
  • Close all and restart : If the buy or the sell reaches the Grid Order TP or the SL, the EA will close all open orders but it will reopen a buy and a sell with the initial lot size.


    Parameters

    • TradingType : Let it roll / Stop trading day (Grid TP/SL) / Close all and restart
    • Initial Trade Base : Originally set to BUY & SELL
    • Initial Lot : Desired initial lot size
    • Lot Multiplier : Set the multiplier for subsequent orders
    • Grid Step : Step in pips to open grid orders
    • Hidden Exit : The take profit is hidden to the broker when set to true
    • Initial TP : Desired take profit in pips
    • SL : Desired stop loss in pips from the initial order (note that this setting will close all open orders in that direction, initial + grid)
    • Grid Order TP : Desired take profit in pips from the averaging point of the initial and grid orders in the same direction
    • Magic Number : Set a different magic number for each pair used
    • Slippage : Set maximum slippage
    • Max Trades Buy : Set the maximum of buy orders to open from the grid system
    • Max Trades Sell : Set the maximum of sell orders to open from the grid system
    • Comments : EA comments
    • (-) : Profit Trade Base On Account Currency
    • Amount Of Total Profit Both Side : Set at 0.0
    • Filter Trading Time : Enable if you want the expert advisor to trade only between a specific period of time
    • Time Start : The start time of the expert advisor
    • Time End : The end time of the expert advisor
    • Close Order On Time End : When set to true all orders will be closed at the end time
    • Filter_MaxSpread : Set to false
    • Max_Spread : Default 5.0


      Avis 1
      PIPS WIZARDS
      24
      PIPS WIZARDS 2020.06.05 17:19 
       

      Purchased ForexWave roughly a week ago, currently in profits with the bot which is running on Eurusd. Mr Beaudoin is very helpful and responds fairly quickly when I have any questions! Thank you for your product

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      Valeriia Mishchenko
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      Way To Stars est une EA de scalping nuit spécifiquement conçu pour trader pendant les périodes de faible volatilité du marché pour capitaliser sur les opportunités à faible risque. Cette nuit scalping EA se concentre sur la capture de petits mouvements de prix pour le trading fréquent, accumulant ainsi des bénéfices au fil du temps. Il utilise des mesures strictes de stop-loss pour limiter les pertes potentielles par transaction, assurant ainsi une gestion efficace des risques. Way To Stars est
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      LEE SAMSON
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      AI TradingVision GPX MT4
      Yu Mei Cheng
      4.64 (14)
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      Bonnitta EA
      Ugochukwu Mobi
      2.9 (20)
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      AHMED ZABIR SAZOL
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      Aurum Apex Mt4 EA
      Martin Alejandro Bamonte
      5 (1)
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      Indicement MT4
      Profalgo Limited
      5 (2)
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      Ai Hybrid Robot MT4
      Mansour Babasafary
      Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
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      PIPS WIZARDS
      24
      PIPS WIZARDS 2020.06.05 17:19 
       

      Purchased ForexWave roughly a week ago, currently in profits with the bot which is running on Eurusd. Mr Beaudoin is very helpful and responds fairly quickly when I have any questions! Thank you for your product

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      Version 1.1 2020.05.28
      Updated default settings