Trading Robots for MetaTrader 5

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MetaTrader 5

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TopWaveBot

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Information

Experts
MetaTrader 5
Pablo Maruk 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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