Trirex Wave EA MT4 v2.4 vs SetFiles (Unlimited)

What is Trirex Wave EA MT4?

Trirex Wave EA is an Expert Advisor automated Forex trading bot that trades with market price movements. It uses wave-based logic to follow the natural ups and downs of the market, providing a balanced and strategic trading approach.

➡️ Vendor website: View here

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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Our Youtube Channel: Click here

Key Features

• Fully Automated: Trades automatically with no manual input needed.

• Flexible Strategies: Multiple setups suitable for different trading styles.

• Market Adaptive: Adjusts to changing market conditions in real time.

• Smart Execution: Manages trades from entry to exit automatically.

• Backtest Ready: Supports full backtesting for better decision-making.

Trirex Wave EA MT4 Review

🧩 Trirex Wave EA backtest trading results have achieved impressive profit performance over the long term. The advisor shows impressive potential and is safe.

✅ Initial Deposit: $1,000
✅ YEARLY AVG PROFIT: $33,083.51
✅ CAGR: 15.17%
✅ Maximum Drawdown: 6.69%

The EA Settings

🔧 Trading Settings Overview

General Trading

• Lot Size: 0.01 fixed lot, suitable for small accounts and low risk.

• Take Profit: 0.3 for frequent small gains.

• Lot Multiplier: Enabled (×2.0) to recover losses using a martingale-style approach.

• Trade Spacing: New trades open every 13 pips for structured grid management.

Breakeven Protection

• Breakeven: Enabled to secure trades automatically.

• Activation: Applies after 3 trades move into profit.

Trailing Stop

• Status: Disabled by default.

• Preset Values: Available for aggressive trailing if enabled later.

News Filter

• Enabled: Avoids trading during high-impact news.

• Pause Trading: 60 minutes before and after major news.

• Filters: USD news and bank holidays only.

Compounding

• Status: Disabled for stability.

• Optional: Can be enabled to grow lot size after every $1,000 profit.

Trade Limits

• Max Active Pairs: 99

• Max Open Trades: 99

• Max Spread: 4.0 to ensure stable execution.

Risk Management

• Hard Stop Loss: Disabled (uses soft SL and breakeven).

• Optional Protection: 2% equity stop when enabled.

• Cooldown: Stops trading for 24 hours after a hard stop loss.

Technical Settings

• Slippage: 5 pips tolerance.

• Magic Number: 737289 for trade tracking.

• Indicators: PriceBorder (breakout) and Heiken Ashi (trend smoothing).

• Trade Direction: Supports both Buy and Sell orders.

In the Downloads folder, there are:

The download package of the product suite includes:

1. Experts:

✅ Trirex MT4 2.4.ex4
✅ NewsFilter.ex4

2. Indicators:

✅ Heiken Ashi.ex4
✅ PriceBorder.ex4

3. Setfiles:

✅ Wave-Higher-1.set
✅ Wave-Higher-2.set
✅ Wave-Higher-3.set
✅ Wave-Lower-1.set
✅ Wave-Lower-2.1.set
✅ Wave-Lower-2.2.set
✅ Wave-Lower-3.set
✅ Wave-Lower-4.set
✅ Wave-Medium-1.set
✅ Wave-Medium-2.set

Conclusion

In short, Trirex Wave EA for MT4 is a fully automated mean-reversion system that trades with natural market price movements. It adapts smoothly to market conditions, offers flexible setups and full backtesting, and delivers stable long-term performance with low drawdown—making trading simple, stress-free, and efficient.