What is Wave Hunter EA MT4?
Wave Hunter EA is a high-performance, low-risk scalping Expert Advisor (EA) engineered to capture price breakouts using smart pending order strategies. By analyzing real-time market movement, it places trades at critical price levels and maximizes profitability through dynamic trailing stop and breakeven systems. Unlike traditional EAs with fixed take profit levels, Wave Hunter EA adapts to live price action for optimized trade exits. With a fixed stop-loss on every position and no martingale or grid strategies, it's ideal for traders seeking consistent gains with controlled risk.
About the Developer
- Author: Roman Sheikin
- Experience: 10+ years in MQL5 development.
- Other notable products: Shark Surfer EA, etc.
- Wave Hunter EA is his most successful and trusted product.
>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).
Key Features of Wave Hunter EA
- Breakout Scalping Strategy: Trades price extremes for explosive moves.
- Pending Order Execution: Places smart pending orders for optimal entry.
- Dynamic Risk Management:
- Fixed stop-loss per trade.
- Smart trailing stop and breakeven for locking profits.
- SmartLot Technology: Automated lot sizing based on account balance.
- Fully Customizable Settings:
- Adjustable TP, SL, trailing step, order distance.
- Friday Auto-Close: Closes trades pre-weekend to avoid gaps.
Why choose Wave Hunter EA MT4?
- Precision Strategy: Based on Elliott Wave & harmonic pattern logic.
- Automated Trading: Hands-free operation on MetaTrader 4.
- Risk-Controlled Scalping: Avoids overexposure and large drawdowns.
- Multi-Pair Compatibility: Works on EURUSD and other forex pairs.
- Low Drawdown Performance: Proven profitability with safety.
Performance evaluation and backtest results
➫ Backtest (2016–2017, H1):
- Deposit: $1,000 → Profit: $3,760
- Max Drawdown: 15.44%
- Win Rate: 99.19%
➫ Backtest (2015–2017, EURUSD H1):
- Profit: $4,909
- Max Drawdown: 23.31%
- Win Rate: 95.69%
- Emphasis on consistent profits over 2 years.
User Reviews and Feedback
Highly rated in the MQL5 community for its precision, reliability, and long-term profitability.
Here are the 5-star user reviews:
- Trader1614 (2018.06.13): “Excellent EA, Testing on Demo accounts looking very promising and highly recommend this EA as Roman is very patient and answering all my queries. I’m testing for other pairs.”
- Aci-crosser89 (2017.08.11): “Very good and Profitable EA. Love it. It Worth’s every cent.”
- Andrea (2017.04.14): “Good EA, profitable on live account for EURUSD pair. I’m testing for other pairs.”
- Ahmed Ibrahim (2016.12.16): “This EA one of the best breakout EA’s on the market i have been testing for 2 weeks and already get my rent back for 6 months.”
What’s Included in the Download Package
- Experts:
- Wave Hunter EA_fix.ex4
- SetFiles:
- wave_1.set
wave_2.set
- wave_1.set
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Conclusion
In summary, Wave Hunter EA MT4 is a powerful scalping Expert Advisor (EA) optimized for breakout trading using pending orders on the EURUSD pair. Engineered for high-precision entries and dynamic exits, it leverages trailing stop and breakeven logic to lock in profits while minimizing risk.
Designed for traders seeking low-risk, high-reward strategies, Wave Hunter EA offers advanced risk management, SmartLot automation, and fully customizable settings. With proven backtest results and consistent performance, it’s a trusted and profitable solution for MQL5 users aiming for long-term trading success.
>>> Reviewed by Jason Stap <<<
