Forex Wave trading system

 Forex Wave

Forex EMA Wave Trading System

Time Frame: 1 min, 5min,15min, 30min

Currency Pairs: all.

Forex Indicators:

34EMA High (green)

34EMA Low (Red)

34EMA close (white)



Stochastic (8,3,3,)

RealMACD (5, 15,5)

Long Entry

When the price retraces into the wave from above the wave

wait a candle that closes above the wave

with Stochastic >50 and

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Short Entry

When the price retraces into the wave from below the wave

wait a candle that closes below the wave

with Stochastic <50 and


Setting for 30 min time frame

Stop Loss

for sell 2 pips above 34 EMA close.

for buy 2 pip below 34 EMA close.

Profit Target on the level pivot or 35 pips.


Forex Wave template


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  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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