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Wave BTC Trader MT4 – Free Download

Wave BTC Trader MT4 – Free Download

$0.00Price
REQUIREMENTS
Recommend deposit  100 USD 
MT4 Account
VPS (Recommended)
 
FILES
1 Expert Advisor file
User Manual

  • Description

    In the realm of forex trading, the landscape is constantly evolving, propelled by advancements in technology and the emergence of innovative trading tools. One such tool that has garnered significant attention is Wave BTC Trader, a VIP forex trading system developed by a team of seasoned traders boasting over 15 years of experience in the field. In this comprehensive review, we delve into the intricacies of Wave BTC Trader, exploring its features, advantages, disadvantages, and suitability for both novice and seasoned traders alike.

  • Understanding Wave BTC Trader:

    Wave BTC Trader stands out from conventional trading systems by its unique approach to trading Bitcoin (BTC) and BTCUSD pairs. Unlike traditional indicators prevalent in the market, Wave BTC Trader relies on a proprietary set of indicators derived from a sophisticated trading strategy. This strategy enables the system to execute trades swiftly and effectively, capitalizing on market fluctuations and trends.

     

     

    Technical Specifications

     Version: 1.3
     Year of issue: 2024
     Working pairs: BTCUSD
     Recommended timeframe: D1
     Minimum Deposit: $1000
     Average of account: 1:30 To 1:1000

  • Wave BTC Trader Settings

    •  listed parameters

    • Time_Frame=”TimeFrame D1″ – This parameter sets the timeframe to daily (D1).
    • Pains=”Bitcoin, BTCUSD” – This parameter specifies the currency pair to be analyzed (Bitcoin USD).
    • GraphicalPanel=false – This parameter disables the graphical panel for the indicator.
    • MaxSpread=6666 – This parameter sets the maximum spread allowed for trades.
    • SLTPalterentry=false – This parameter disables the stop loss and take profit alterations on entry.
    • Fridaytrading=true – This parameter allows the EA to trade on Fridays.
    • JUSTU=true – This parameter’s purpose is unclear from the image.
    • SetMaxDailyPercentDD=100 – This parameter sets the maximum daily percentage drawdown to 100%.
    • tisme=”New Year Filter” – This parameter’s purpose is unclear from the image.
    • BTCmakerMachine1000W=true; BTCmakerMachine3000W=true – These parameters appear to be related to specific trading strategies within the custom indicator, possibly related to maker orders with a size of 1000 and 3000.
    • LotPerBalance_step-600 – This parameter’s purpose is unclear from the image.
    • Manual_RiskPer Trade 2 – This parameter sets the manual risk per trade to 2.
    • UseEquity=false – This parameter tells the indicator to not use equity for calculations.
    • ST1_MagicNumber-336699 – This parameter sets the magic number for the indicator, which is a unique identifier used to distinguish it from other indicators.

  • Key Features:

    • Expert Development: Wave BTC Trader is the culmination of extensive research and development by a team of expert traders with a wealth of experience in forex trading.
    • Adaptive Strategy: The system employs a dynamic trading strategy that adapts to changing market conditions, allowing for flexibility and agility in decision-making.
    • Stop Loss Mechanism: All trades executed by Wave BTC Trader are equipped with a stop-loss feature, mitigating potential losses and safeguarding capital.
    • Day Trader and Breakout Strategy: Wave BTC Trader adopts a day trading approach coupled with a breakout strategy, enabling traders to capitalize on short-term price movements and breakout patterns.
    • Default Settings: The default settings of Wave BTC Trader are meticulously calibrated to optimize performance, providing users with a hassle-free trading experience.
    • Minimum Deposit: With a minimum deposit requirement of $1000, Wave BTC Trader offers accessibility to traders of varying financial capacities.

  • Overall Performance

    • The robot achieved a net profit of $2,349,097.96 with a gross profit of $4,046,903.23 over the testing period.
    • This represents a profit factor of 2.38, which is considered good by forex traders. [What is the profit factor in forex? ON Investopedia investopedia.com]
    • The maximum drawdown was 29.06%, which is a measure of the largest peak-to-trough decline during the testing period.

  • Trading Activity

    • The robot placed a total of 969 trades over the testing period.
    • There was a win rate of 76.78%, which is very high.
    • Gewinnmitnahme (German for profit taking) appears to be set at a relatively low threshold, as evidenced by the average profit trade of $5,439.39 compared to the average loss trade of -$7,545.80.
    • This suggests the robot may be scalping, which is a strategy that aims to profit from small price movements.

  • Advantages of Wave BTC Trader:

    • Enhanced Profit Potential: By leveraging its proprietary indicators and trading strategy, Wave BTC EA enables traders to capitalize on lucrative trading opportunities in the volatile cryptocurrency market.
    • Risk Management: The inclusion of a stop-loss mechanism ensures prudent risk management, reducing the likelihood of significant capital depletion during adverse market conditions.
    • Accessibility: Wave BTC Trader caters to traders of all experience levels, offering a user-friendly interface and default settings that streamline the trading process.
    • Diversification: With a focus on Bitcoin and BTCUSD pairs, Wave BTC EA provides traders with an avenue to diversify their investment portfolio and hedge against market volatility.
    • Active Support: Users of Wave BTC Trader benefit from dedicated customer support and regular updates, ensuring a seamless trading experience and timely resolution of any issues.

  • Disadvantages of Wave BTC Trader:

    • Learning Curve: While Wave BTC Trader offers a user-friendly interface and default settings, novice traders may encounter a learning curve in understanding the intricacies of the system and maximizing its potential.
    • Market Dependency: Like any trading system, Wave BTC EA performance is contingent upon market conditions and may experience fluctuations in profitability during periods of extreme volatility or uncertainty.
    • Capital Requirement: The minimum deposit requirement of $1000 may deter some traders with limited capital from accessing the platform, potentially limiting its reach within the trading community.

  • Conclusion:

    Wave BTC Trader represents a promising addition to the arsenal of forex trading tools, offering a unique blend of proprietary indicators, adaptive strategy, and risk management features. While it presents numerous advantages, including enhanced profit potential and accessibility, traders should be mindful of potential disadvantages such as the learning curve and market dependency. Ultimately, Wave BTC Trader empowers traders to navigate the dynamic landscape of cryptocurrency trading with confidence, provided they approach it with diligence, discipline, and a thorough understanding of its functionalities.

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