WaveX MT5

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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.

Wavex — your reliable assistant for automated trading, simplifying execution and offering clear insights into your trades.