Forex Wave Hunter Forex Robot: Forex trading can be a lucrative venture for those who have a good understanding of the market and use the right tools. One such tool that can help traders achieve their goals is the Forex Wave Hunter EA. This expert advisor (EA) uses the Trend Wave indicator to identify the beginning and end of a new wave trend movement, making it a great choice for traders looking to catch short term price reversals.
The Trend Wave indicator is an oscillator that identifies overbought and oversold zones, making it an effective tool for detecting potential market reversals. This information, combined with the martingale strategy used by the Forex Wave Hunter EA, allows traders to close all trades in profit, ensuring stable profits with low drawdown.
Forex Wave Hunter Results
The Forex Wave Hunter works best on m15 or higher time frames and on a variety of currency pairs. Some of the recommended pairs include: cadchf, audcad, eurcad, eurusd, gbpusd, gbpaud, eurgbp, euraud, nzdusd, usdcad, usdchf, xauusd, and usdjpy. It’s important to note that in order to use this EA, traders need an account that allows hedging.
We highly recommend trying the Forex Wave Hunter with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.