WaveX MT4

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Wavex is an automated trading advisor for MetaTrader 4 that automatically opens Buy and Sell trades, sets profit targets and manages volumes.

? Key features:

• Automatic transactions :
  Opens buys and sells when the buy grid price is below, for sell grid above the maximum opening price in the direction.

• Smart Profit :
  Sets take profit (TP) based on the average price of your trades (VWAP), adding a specified distance (e.g. 50 pips).

• Flexible settings :
  Choose how often to trade, what time frame and what volume to use.

• Clear visualization :
  Profit target lines (turquoise for buys, red for sells) show where trades will close.

• Information on screen :
  Shows the number of transactions, their volume and statistics for the day, yesterday and the last hour.

? How it works:

1. The advisor waits for the right moment (a new bar on the selected timeframe, for example, every minute on M1).

2. Checks whether a buy or sell position can be opened by comparing the current price with previous trades.

3. Opens a trade with a small volume, which increases with each new trade by a certain percentage (for example 1.05 - 5%).

4. Calculates the average price of open trades (VWAP) and sets take profit:

   • For purchases: VWAP + specified number of points.

   • For sales: VWAP - a specified number of points.

5. Updates take profit lines on the chart and shows statistics in the corner of the screen.

✅ Recommendations for use:

• Suitable for traders who want to automate trading with minimal effort.

• Use on a cent account with a deposit of $5000 or more for a safe start.

• Select EURUSD timeframe M1 for active trading.

• Start with a volume of 0.01 lot and a take profit of 50 points .

• Include trading in both directions (buying and selling) for a balanced strategy.

⚙️ Technical details:

• Platform : MetaTrader 4 (MQL4)

• Type : Automatic trading advisor

• Input parameters :

  • startVolume : Initial volume (default 0.01)

  • stepTp : Distance to take profit in points (default 50)

• Version : 1.52

• © Sergey Ivanov, 2025

⚠️ Limitations:

• Open positions are required to display take profit lines.

• Works only on one symbol (tool) to which it is attached.

• The averaging strategy can be risky during strong trends - test it on a demo account .

Wavex is your reliable assistant for automated trading, simplifying the process and giving you a clear picture of your trades