Expert Advisors and Indicators for MetaTrader 5

Here you will find many programs for the MetaTrader 5 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 5

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Information

Experts
MetaTrader 5
Pablo Jaguanharo Carvalho Pinheiro
2.0
5

Overview

TOP WAVE BOT 2.0: It is an automated trading algorithm based on trend reversal followed by high volatility.

  • Use short and long moving averages to identify a trend
  • High volatility serves as an operational filter for trading entries
  • The take profit and stop loss are stipulated according to the specific volatility of each asset
  • Risk / Return of at least 1 / 1.5.

It is a customizable tool that works the way you prefer, however, we advise the following currency pairs: "EURUSD; GBPUSD; USDCAD; EURCAD in the 5M time frame". The default setting that comes with the robot is for EURUSD 5M.

SUGGESTED SETTINGS:

  • EURUSD (5m): stdDevN: 0.0016; takeProfit: 325; stopLoss: 250; riskLotPerCentage: 4; riskMaxPosition: 4;
  • GBPUSD (5m): stdDevN: 0.0024; takeProfit: 750; stopLoss: 275; riskLotPerCentage: 5; riskMaxPosition: 4;
  • USDCAD (5m): stdDevN: 0.0025; takeProfit: 200; stopLoss: 175; riskLotPerCentage: 6; riskMaxPosition: 4;
  • EURCAD (5m): stdDevN: 0.0031; takeProfit: 570; stopLoss: 280; riskLotPerCentage: 4; riskMaxPosition: 4;
* If you need help, please, feel free to get in touch via MQL5. Thanks.

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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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