🧩 What is Trirex Wave EA?
Trirex Wave EA is a strategically designed system that combines martingale-style lot scaling with strong breakeven protection and news filtering. It is suitable for trend-based, breakout, and recovery trading strategies with a balanced setup between risk control and trade management.
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📌 General Trading Parameters
- Lot Size: 0.01 – Uses a fixed small lot, making the EA suitable for small accounts and low-risk trading.
- Target Profit: 0.3 – A precise profit goal that promotes frequent smaller gains.
- Lot Multiplier Enabled: true – Activates martingale-style scaling, increasing lot sizes after losses for recovery.
- Lot Multiplier Times: 2.0 – Doubles the lot size after each consecutive loss (increased profit potential with higher risk).
- Open Trades After Pips: 13.0 – Controls spacing between grid or recovery trades for structured position management.
🛡️ Breakeven Protection
- Breakeven Enabled: true – Moves Stop Loss to entry price once profitable, securing trades automatically.
- Go Breakeven After X Trades: 3 – Activates breakeven after the third profitable pip move, stabilizing trade outcomes.
📈 Trailing Stop Configuration
- Trailing Enabled: false – Trailing Stop is turned off; relies mainly on breakeven and fixed TP strategy.
- Trailing From: 0.3 and Trailing Step: 30 – Pre-set for aggressive trailing if enabled in future setups.
📰 Advanced News Filter
- Use News Filter: true – Protects trading during volatile news events.
- Stop Before News: 60 mins – Halts trading 1 hour before major news.
- Start After News: 60 mins – Resumes trading 1 hour post-news.
- Filter Bank Holidays: true – Avoids trading on low-liquidity or irregular market days.
- Multiple impact filters included, but only USD & Bank Holidays are active.
💹 Compounding Options
- Compounding Enabled: false – Fixed-lot trading is used, making it more stable.
- Compound Every X Profit: 1000 – Can be activated later for equity growth scaling.
⚙️ Maximum Trade Controls
- Maximum Active Pairs: 99 – Supports diversified currency trading.
- Maximum Open Trades Allowed: 99 – Allows multiple layered positions during recovery phases.
- Maximum Spread: 4.0 – Only enters trades when spreads are stable, reducing slippage.
🛡️ Risk Management Settings
- Enable Hard Stoploss: false – EA relies on virtual/soft SL and breakeven.
- Hard Stoploss % Account: 2.0% – When enabled, protects equity by limiting risk to 2% per trade.
- Close All Trades When Equity Below: 0.0 – Emergency equity protection not active.
- Stop Trading After Stoploss For Hours: 24 – Stops trading for a full day after hard-loss events (protective).
📊 Visual & Technical Parameters
- Slippage: 5.0 pips – Acceptable tolerance for order execution.
- Magic Number: 737289 – Unique identifier for accurate trade tracking.
- Custom Indicators:
- PriceBorder – Likely used for breakout validation.
- Heiken Ashi – Smooths trend direction, reducing false signals.
- Trade Orders: Both – Allows both Buy and Sell operations.
🏁 Conclusion – Is Trirex Wave EA Worth Using?
The Trirex Wave EA settings demonstrate a strategically designed system with strong breakeven protection, news filtering, and martingale-style lot scaling, making it suitable for trend-based, breakout, and recovery trading strategies. With supportive risk management and precise input filtering, this EA is ideal for swing traders, medium-risk investors, and those who prefer semi-aggressive profit strategies with protective trade management.
Overall, this configuration allows the Trirex Wave EA to deliver automated, controlled, and adaptive trading performance, making it a promising solution for both beginners and experienced traders.