Trading libraries for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Description:
The ElliotWavesBot is designed for automated trading based on the Elliott Wave strategy combined with the classic Stochastic oscillator. This approach allows the EA to identify key entry and exit points, taking into account both the global market structure and local overbought/oversold zones.
The EA does not use grid trading, martingale, or averaging, which significantly reduces the risk of sharp drawdowns. Its logic is built on detecting potential impulsive and corrective waves, filtering signals through Stochastic readings, and managing trades with protective stop-loss and take-profit levels.
Key Features:
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Elliott Wave Theory trading with automatic structure detection.
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Signal filtering using the Stochastic oscillator.
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No grid, martingale, or averaging — trades only on valid signals.
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Flexible risk management settings: stop-loss, take-profit, trailing stop.
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Suitable for any instruments and timeframes (recommended H1 and above).
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Can work in fully automated or semi-automated mode.
Who Is It For:
For traders who value the strategic logic of Elliott Waves and the reliability of proven indicators, as well as those who prefer a conservative approach without aggressive averaging methods.
