Price:
$120/one license

The expert advisor needs a reliable power supply and an uninterrupted Internet connection. It is very difficult to provide conditions for the expert advisor at home, and it is safer to use a VPS-server.

Expert advisor WaveFighter 3.0

Let’s check out the expert advisor WaveFighter 3.0. The algorithm is pretty simple, but the expert advisor’s filters, who gave the signal to open orders within the network, working flexibly, trying to distinguish the trend from flat, do not put a bunch of orders against the trend and, in General, work very carefully, allowing the expert advisor to experience a huge movements in the. And thanks to the ability to work on a variety of pairs (set files for 18 pairs are included), you can diversify the risks very much. This expert advisor works on the currency pairs AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCHF, EURUSD, CBPCAD, GBPCHF, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY. The recommended timeframe is M5. The minimum deposit for dollar accounts is from $5000, and for cent accounts – from $50. Leverage from 1: 500. Read this article below for a more detailed overview of the expert advisor.

Important! The expert advisor needs a reliable power supply and an uninterrupted Internet connection. It is very difficult to provide conditions for the expert advisor at home, and it is safer to use a VPS-server. You can get a free VPS here.

Trading terminal
MetaTrader4
Traded pairs
18 currency pairs
Time-frame
М5
Leverage
from 1:500
Recommended Brokers
Recommended deposit
from 50 USD (on a cent account)
Recommended VPS

Trading strategy:
When the expert advisor starts working, two orders will be placed with the same starting lot-BUY and SELL. Then, for example, the price went down. This means that the SELL order goes into profit and closes either on the profit in the currency or on the profit in points (depending on what is achieved first). When the SELL order is closed, a new one will open immediately. The BUY order goes into a loss at this time. When the distance from the current price to the BUY order becomes greater than the specified minimum distance between orders, the filters of the expert advisor start working. When a signal is received from them, another BUY order with an increased lot will be placed. If the price continues to go down, another order will be placed in BUY, and then another, and so they will be placed until the price starts to go up. When it goes up, the entire network of BUY orders will close either on the profit in points or on the profit in money (depending on what will be achieved first). After closing the network, a new BUY order will be immediately placed with the initial lot. To close this network, it was necessary to move up, which means that the network is most likely already lined up in SELL. Therefore, when the price turns around and begins to go down, the SELL grid will close, and at this time, the network in BUY is probably already lined up. This process occurs constantly during the operation of the Forex robot.

The algorithm is pretty simply, but the expert advisor’s filters that give the signal to open orders within the network, working flexibly, trying to distinguish the trend from flat, do not put a bunch of orders against the trend and generally work very carefully, that allows expert advisor to survive the huge movements in the. And thanks to the ability to work on a variety of pairs (set files for 18 pairs are included), you can diversify the risks very much.

Main parameters:
RISK SETTINGS:

  • Automatic lot calculation – whether the lot will be calculated automatically, or whether a fixed lot will be taken from the next parameter.
  • Starting lot… – take this lot and either trade (with auto-calculation disabled), or build a proportion in relation to the next parameter and our current deposit.
  • …for this deposit – we will associate the lot with this deposit. Let’s say you have 20 thousand cents in your account. In the settings, the lot is set to 0.01 for 10000. So, we will calculate the trading lot using the formula: lot=20000*0.01/10000. In this case, the trading lot is equal to 0.02. This formula is also used by the expert advisor.
  • The profit in the currency at which the network will close – let’s say the network has gained a large lot, but it turns out to be a plus. Thus, it will earn $ 1 (10, 100 dollars, depending on the lot) much faster than it will reach a profit in points. When the entered profit in the currency is reached via the network – it is closed. Note that this parameter, like the lot, works via a ratio, but in this case it is related to the number 1000. in Other words, if you have a thousand units on your account, then when you reach a profit on the network equal to this parameter, it will close. If you have a deposit of 10 thousand, the network will close when you reach a profit of 10 times more than specified in this parameter.

GENERAL SETTING:

  • Coefficient – this number is multiplied by the lot of each subsequent order.
  • Minimum distance between network orders – the minimum possible distance between opening orders in points. It doesn’t have to be that way, but it won’t be any LESS.
  • Take profit mode-choose which take profit you want: real (the usual usual take profit) or virtual (it will not be displayed, but when it is reached, the expert advisor will close the transaction). Some people like one thing more than others, so it was decided to make a choice.
  • Take profit size — when the network reaches this profit level in points, it will be closed if the following parameter is not activated.
  • Drawdown percentage at which we will close all transactions – if you want to protect yourself from large drawdowns, you can enter the drawdown percentage at which the loss will be recorded.
  • Magic number — a number that distinguishes the orders of the expert advisor from other orders.
  • Do not open new networks – if you decide to disable the expert advisor and you have open networks, set this parameter to true, and over time the expert advisor will close existing networks, but will not open new ones. Thus, over time, the orders will be closed completely, and you will be able to remove the expert advisor from the chart.

To get a forex
advisor for free

#1

Choose any broker from our list and open a trading account. We recommend InstaForex, Weltrade, RoboForex;

#2

Submit an application for a forex advisor, specifying the account number and name of the broker;

#3

If you already have a trading account, please email us info@govpsfx.com, specifying the account number and name of the broker, and the forex advisor that you want to get.

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