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DAX WaveTimer is an MT5 expert advisor built for the DAX index. It places structured sets of orders, sizes positions from a user-set equity risk percentage, and includes a daily session target, a trading range filter and an end-of-day securing routine.
Get one message the moment it launches, with its price.
DAX WaveTimer is a fully automated expert advisor for MetaTrader 5 that trades the DAX index. It does not try to forecast direction. It places pre-arranged sets of orders and adjusts them as price moves, so it can operate in both rising and falling markets.
The expert is built around a compression idea: orders are arranged in structured sets and then adapted to the current movement of the market. The structure of those order sets is fixed by the developer, while the logic that responds to price is dynamic. Strategy tags for this product include signals, trend, grid and support and resistance, so expect order placement around price levels and in groups rather than single isolated entries.
Position size is tied to a risk percentage of account equity. You choose the level, and the expert recalculates lot size to match it. Take profit and stop loss are applied consistently to the positions it opens.
This version is made for the DAX only. It is described as independent of the chart timeframe, but you should still confirm this by testing the symbol and timeframe you plan to use. DAX symbol names, trading hours, spreads and contract sizes vary between brokers, so check that the symbol on your account matches what the expert expects.
The table below lists the main groups of inputs. Exact names, defaults and ranges can differ, so read the input descriptions inside the terminal before running it.
| Setting group | Purpose |
|---|---|
| Equity risk percentage | Controls how position size is scaled to account equity |
| Daily session profit | Target per 0.1 lot for each trading day |
| Trading range filter | Limits trading to chosen sessions |
| End-of-day securing | Reduces positions held overnight |
Run the Strategy Tester with every tick modelling and realistic execution delay on your own broker's data. The developer suggests keeping a backtest period fairly short, around two years, when judging statistics such as Z-score. Compare results across more than one period and look at drawdown and trade distribution, not only the final balance. Start on a demo account before going live.
Trading leveraged index CFDs carries a high level of risk and you can lose more than you expect. Backtest and demo results, and any published live results, do not predict future performance. Choose a risk percentage you can tolerate and do not trade money you cannot afford to lose.
Keep the terminal connected during trading hours, ideally on a VPS, and check that your broker allows automated trading on index CFDs.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Signals, Trend, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Market | DAX index CFD (EUR-based; other account currencies need adjusting) |
| Timeframes | Described as timeframe independent; confirm in your own tests |
| Trade style | Trend-responsive, structured order sets, both directions |
| Risk control | Equity risk percentage, take profit and stop loss, end-of-day securing |
| Requirements | Broker offering a DAX symbol, VPS or always-on terminal advised |
| Testing note | Every tick modelling recommended; test on demo first |
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It is an MT5 expert advisor. It will not load on MetaTrader 4, so check that your broker offers MT5 accounts before buying.
It is designed for the DAX index only. Your broker needs to offer a DAX CFD symbol, and symbol names, contract sizes and trading hours differ between brokers. Check these on your account and run a demo test before using real money.
It is automated, but the terminal has to stay connected and running while it trades. Many users run it on a VPS. You should still review the account regularly, as with any automated system.
You enter a risk percentage of equity and the expert adjusts position size from it. The daily session profit setting is expressed per 0.1 lot. Read the input descriptions on the product page and confirm the behaviour in the Strategy Tester.
The minimum depends on your broker, leverage and chosen risk setting. Check the product page for the suggested minimum and confirm with a backtest on your own broker's data before depositing.
It uses structured sets of orders that respond to price movement. How they behave in practice varies with the settings, so inspect the order sequences in the Strategy Tester visual mode and on a demo account before trading live.
DAX WaveTimer
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