www.for-exe.com
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer

eWaves in Action

31/1/2014

6 Comments

 
I get many requests from eWaves users to post examples of how to trade with the indicator.  Here is a perfect recent example of how you could have made 60 pips with a 30 pip SL.

Price formed a clear Wave 3 then pulled back to the BRN at 1.1100 and bounced straight back up, to form what eWaves sees as a Wave 4.  Further confluence for support was provided by the D1 SR level (in white).

With the clear down-side rejection at Wave 4 and double support levels, we had a high-probability trade staring us in the face. Entry just above the bar shown, with TP set a few pips below the TZ1 level. Reward twice the risk and a stress-free trade .

You could also have traded the Wave 5 short for another 30 or so pips.

Happy days :)

Picture
6 Comments
Fran RAMA
21/3/2014 02:02:39 am

Hi Steve,

I am an AIMSTER happy user of EWAVE -for me the BEST MT4 indi!!!)
Soppting wave 3, 4 &5 is perfect using ewave. I understood that it is possibe to spot wave 1 2 and 3 as well using multi time frames (?) If this is true, how could this be achieved please???

Thx/KR
Fran

Reply
Steve
21/3/2014 06:33:10 am

Hi Fran

I'm glad you like eWaves - couldn't agree more about it being the best MT4 indi ever :)

I have a multi-timeframe version in development but, due to other projects, it's on hold for now. I hope to get back to it one of these days. Wave 1 is difficult to spot even for Elliott Wave masters but knowing it's an impulse wave and that it comprises 5 waves, you could use eWaves from a lower timeframe to identify it. Similarly, a simple Wave 2 is an ABC correction with the C leg also comprising 5 waves - again you could use eWaves from a lower timeframe to identify a possible end to Wave 2.
I hope that makes sense and answers your question.
All the best
Steve

Reply
narek
9/3/2016 08:05:26 pm

hi
i want download the eWaves in Action indicator ...
but not downloades,
can you help me?

Reply
Steve
9/3/2016 09:12:18 pm

You can download it from the Indicators tab of this website :)

Reply
DA MAIA SANDRA
3/7/2016 07:43:48 pm

Hello,
can help me because I can not seem to use the EWAVES indicator. have devised an installation on MT4
thank you in advance

Reply
Steve
3/7/2016 08:01:04 pm

Hi Sandra. Please use the contact form on my website for support but before you do, please try the following:-
Load the eWaves indicator on to a plain chart with no other indicators.
Switch timeframes to see what happens
Read the manual on my website for an explanation of the options
Check out the various blog posts to see how eWaves can be used for trading
Perhaps also wait for the markets to open so you have tick data


All the best
Steve

Reply

Your comment will be posted after it is approved.


Leave a Reply.

    Subscribe to Newsletter

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021
    July 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    RSS Feed

Website design by Snorm
Subscribe to Newsletter
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer