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: MultiPower

Let’s check out the expert advisor WaveFighter: MultiPower. The algorithm of the expert advisor is very simple, but special filters that give a signal to open orders inside the network work very flexibly, distinguishing the trend from the flat, the trade is cautious, which allows the expert advisor to experience huge recoilless movements of thousands of points. This expert advisor works on the currency pairs EURUSD, EURJPY, USDJPY, AUDJPY, NZDUSD. The recommended timeframe is M5. The minimum deposit for dollar accounts is from $10,000, and for cent accounts – from $100. Leverage is 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
EURUSD, EURJPY, USDJPY, AUDJPY, NZDUSD
Time-frame
М5
Leverage
from 1:500
Recommended Brokers
Recommended deposit
from 100 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 currency or on the profit in points (depending on what is achieved first). When the SELL order is closed, a new one opens 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 expert advisor filters start working. When a signal is received from them, another BUY order will be placed with an increased lot. 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 most likely the network was already built 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 expert advisor.

The algorithm is pretty simple, but the expert advisor’s filters who 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 the expert advisor to experience a huge movements in the.

A distinctive feature of the expert advisor is that it has multi-currency functionality. Currency pairs are selected by us and pre-installed in the code, you can either allow trading on a specific pair, or not allow it. We recommend using all five preset pairs on a deposit of at least 10 thousand units. ($100 on a cent account) for minimal risk.

It is also worth understanding that in this expert advisors are absolutely not the same filters as in WaveFighter 3.0, so these Forex robots trade completely differently. The only similarity between them is the basic algorithm for building networks.

Main parameters:

  • Automatic lot calculation – it is in fact, whether the lot will be calculated automatically, or whether a fixed one will be taken from the next parameter.
  • Starting lot… – we 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 associate the lot with this deposit. For example, you have 20 thousand cents in your account. In the settings, the lot is set to 0.01 for 10000. So we 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.
  • Profit in the currency at which the network will close – this parameter is available for each pair separately, but it is also a risk parameter. For example, 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 is reached on 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. 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.

SETTINGS FOR EACH PAIR (they are the same, so only one example is given):

  • Coefficient – this number is multiplied by the lot of each subsequent order.
  • Minimum distance between network orders – it is the minimum possible distance between opening orders in points. It won’t necessarily be exactly that, but it won’t be any LESS.
  • Profit in points at which the network will close – when the network reaches this level of profit in points, it will be closed.
  • Profit in the currency at which the network will close – this parameter is described above.

GENERAL SETTING:

  • 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 — it is a number that distinguishes the orders of the expert advisor from other orders. When running multiple copies of this expert advisor on the same account, you must set a different number for each running copy.

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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