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WH Price Wave EA is an MT5 expert advisor that trades the ABCD chart pattern, using signals from the Price Wave Pattern approach. Lot size, stop loss, take profit and alerts can be adjusted.
Get one message the moment it launches, with its price.
WH Price Wave EA is an expert advisor for MetaTrader 5 that automates trading around the ABCD price pattern. Instead of watching charts for the pattern yourself, you let the EA look for it and act on it within the limits you set.
The ABCD pattern is a swing structure made of four points. Price moves from A to B, pulls back to C, then extends towards D. Traders use it to look for a possible continuation of a trend or a turning point near the final leg. The EA is based on the logic of the Price Wave Pattern indicator by the same author, and it uses that pattern detection to generate trade signals on the chart it is attached to.
When a valid pattern is identified, the EA can open a position and manage it with the stop loss and take profit values you have configured. Because pattern detection involves judgement about swing points, results can differ between symbols, timeframes and brokers, so it is worth watching how it behaves before relying on it.
The product is aimed at forex symbols, although ABCD structures can appear on any liquid instrument. The author does not publish a fixed list of timeframes, so the choice is yours.
The inputs let you tailor the EA to your own approach. Exact input names and defaults can differ, so open the settings window after attaching it and read each field.
| Setting | What it controls |
|---|---|
| Lot size | Position size for each trade |
| Stop loss | Distance at which a losing trade is closed |
| Take profit | Distance at which a winning trade is closed |
| Alerts | Terminal pop-up, push notification and email options |
Check the full list of inputs in the terminal for any extra options. If you are unsure about a value, keep it small and test on a demo account first.
Trading leveraged products carries a high level of risk, and you can lose more than you expect. Past results do not predict future ones. This EA is an automation tool and does not replace sound risk management, so only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, pattern-based |
| Strategy tags | Signals, Trend |
| Pattern | ABCD price pattern |
| Markets | Forex symbols; check your broker's other instruments before use |
| Timeframes | Chosen by the user; test before going live |
| Notifications | Terminal alert, mobile push, email |
| Requirements | MT5 terminal with algorithmic trading enabled |
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No. This product is built for MetaTrader 5 only. An MT4 terminal will not load it, so check which platform your broker account uses before buying.
The EA is designed around the same ABCD pattern logic as the Price Wave Pattern indicator. Check the product page and the files in your download to see whether the indicator must be installed separately, and test on a demo account first.
Any broker that offers MT5 should be able to run it, but spreads, execution speed and symbol names differ between brokers. Test on a demo account with your broker's conditions before trading live.
Yes. Lot size, stop loss and take profit are adjustable. Review each input in the settings window and set values that match your account size and risk tolerance.
The EA supports terminal alerts, push notifications to the MetaTrader mobile app, and email. Push and email need to be configured in the terminal options first.
Copy the EA file into the Experts folder via File, Open Data Folder, MQL5, Experts. Refresh the Navigator or restart MT5, then attach it to a chart and allow algorithmic trading.
WH Price Wave EA MT5
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