Wave Trend Scalper

Wave Trend Scalper is a unique software in the forex market, designed to excel in extreme market conditions. Developed with an unparalleled code, it comprises of two distinct trend Expert Advisors (EAs) that have been stress-tested in 14 extreme periods of gold uptrends or downtrends, wars, elections, and FOMC announcements.

Design and Functionality

The Wave Trend Scalper employs a variety of strategies based on trend indicators. These strategies include martingale, stop loss, take profit, and a custom-made trend filter. This software is particularly tailored to handle two periods of Parabolic SAR and On Balance Volume.

The uniqueness of Wave Trend Scalper is further emphasized by its capability to adjust to forex pairs with one digit less in the pips inputs. This offers flexibility to the traders, allowing them to optimize their trading strategies as per the market trends.

Trading Parameters

Wave Trend Scalper comes with an array of adjustable parameters. The starting lot allows traders to define the initial lot size, while the multiplier allows them to increase the size of each subsequent position. It also features a unique parameter called ‘Min Distance in pips between trades’ which sets the minimum distance between positions.

The software also offers the option to set a stop loss for each position and even a specific stop loss for the first position. One of the standout features is the ‘Emergency TP in money’, which sets the minimum profit in money for situations that the indicators may read as dangerous.

Additional Features

Wave Trend Scalper has a unique feature that triggers a close of all positions if losses exceed a pre-set amount. There’s also a provision to set the maximum lot a position can have, and the maximum number of sells and buys. It also offers the option to close the oldest trade if the loss is beyond a set amount.

One of the noteworthy features of Wave Trend Scalper is the ‘Start overlap after X positions’. This feature closes one or two winning trades with a losing one based on specific candle formations, adding another layer of strategic depth to the software.

Performance Tracking and Community

For those interested in the performance of Wave Trend Scalper, independent testing can be tracked on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available. This allows users to stay updated on the software’s performance, enhancing their trading strategies accordingly.

Users are also encouraged to share their experience of using Wave Trend Scalper. This fosters a community of traders who can learn from one another’s experiences, thus improving their trading skills.

FAQ

What is the Wave Trend Scalper?

Wave Trend Scalper is a unique forex trading software designed to excel in extreme market conditions. It comprises two distinct trend Expert Advisors (EAs) that have been stress-tested in 14 extreme market scenarios.

How does Wave Trend Scalper work?

The software employs a variety of strategies based on trend indicators, including martingale, stop loss, take profit, and a custom-made trend filter. It operates under two periods of Parabolic SAR and On Balance Volume.

Can I adjust the trading parameters in Wave Trend Scalper?

Yes, Wave Trend Scalper provides a range of adjustable parameters including the starting lot, multiplier, stop loss for each position, and more.

Where can I track the performance of Wave Trend Scalper?

The performance of Wave Trend Scalper can be independently tracked on the forexroboteasy.com website. You can also subscribe for updates on the results of testing this product.

This review aims to provide a neutral perspective on the Wave Trend Scalper software. It is not linked with the product or its developers and is entirely independent.