Wave Master EA – User Manual & Set Files

⚙️ How to Use

✅ Step 1: Attach the EA to a Chart

• Use M1 timeframe for best results.

• Supported instruments: XAUUSD, BTCUSD, US30, GER40, etc.

• Allow “Algo Trading” in MetaTrader 5.

✅ Step 2: Load the Provided .set File

• Right-click on the chart → Expert Advisors → Properties

• Click “Load” and select the appropriate .set file from your folder (e.g., XAUUSD_M1.set)

🔧 Input Parameters

📘 Information

🛡️ Risk Management

• RiskPercentage – % of balance risked per trade (e.g., 3.0 means 3%).

• StopLossPercentage – Initial stop loss as % of entry price (e.g., 1.0 for 1% SL).

• MaxOrders – Limit the number of open trades to control exposure.

💡 Use low risk for volatile pairs like BTCUSD and XAUUSD.

⚙️ Trading Settings

• RiskRewardRatio – Target profit based on risk (e.g., 2.0 for 1:2 RR).

• TrailingStopPercentage – Distance for trailing stop in % (activates once profit threshold is crossed).

• ProfitThresholdPercentage – Profit level at which trailing starts.

🕒 Trading Hours

🟢 Break-Even Logic

• UseBreakEven – Enable/Disable automatic break-even logic.

• BreakEvenTriggerPips – Trade must reach this pip gain to activate break-even.

• BreakEvenLockPips – Lock in this many pips of profit above/below entry.

🧩 Others

📂 Included .set Files

Set Files and Optimized Results attached. Download it.

🎯 Run optimization in Strategy Tester to fine-tune for your broker’s conditions.

To Load the Tested optimized Results in your MT5 Strategy Tester follow the below steps.

I have Tested this EA with capital $250 from 1-JAN-2023 to till Date with 3% Risk. But I suggest to keep your risk 1% or less in your LIVE account. 

Make sure you have Downloaded the Wave Master EA.