The Wave Entry Alerts Forex Indicator for MT4 is a powerful tool designed to help traders identify precise entry points in the market based on advanced wave and price action analysis.
By automatically detecting key wave patterns and generating timely buy and sell alerts, this indicator simplifies decision-making and enhances trading accuracy.
This indicator works great for those who want to combine technical analysis with an efficient alert system to stay ahead of market moves.
Discover how the Wave Entry Alerts Indicator can improve your trading strategy and provide you with a reliable edge in the Forex market.
Key Features
- Trend reversal indicator
- Low-risk trade entries
- Combine with candlestick patterns
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a possible trend reversal confirmation tool.
Free Download
Download the “Wave Entry Alerts.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 15-minute chart below shows the Wave Entry Alerts indicator in action.
Signals From the Wave Entry Alerts Forex Indicator
Signals from the Wave Entry Alerts Forex indicator for Metatrader 4 are easy to interpret and work as follows:
BUY:
- A trend reversal buy signal is given when the green circle + alerts appears on the chart. Confirm the buy trade with candlestick patterns.
- Place a stop loss below support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A trend reversal sell signal is given when the red circle + alerts appears on the chart. Confirm the sell trade with candlestick patterns.
- Place a stop loss above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “Wave Entry Alerts.mq4” MT4 indicator
Wave Entry Alerts + X Super Trend Candles Trend Confirmation Strategy
This strategy merges the precise entry signals from the Wave Entry Alerts Forex Indicator with the clear trend visualization of the X Super Trend Candles Forex Indicator.
Together, they provide strong, trend-aligned entry points with minimal lag.
Strategy Overview
- Wave Entry Alerts gives timely buy and sell alerts based on wave structure and price action analysis.
- X Super Trend Candles uses colored candles to indicate bullish or bearish trends.
Recommended Timeframes and Currency Pairs
- Timeframes: M15, M30, H1
- Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD
Buy Entry Rules
- Wait for a buy alert from the Wave Entry Alerts Indicator.
- Confirm that the X Super Trend Candles are bullish (candles colored to indicate an uptrend).
- Enter a buy trade at the close of the alert candle.
- Place stop loss below the recent swing low or wave bottom.
- Take profit at key resistance levels or use a trailing stop as the trend progresses.
Sell Entry Rules
- Wait for a sell alert from the Wave Entry Alerts Indicator.
- Confirm that the X Super Trend Candles are bearish (candles colored to indicate a downtrend).
- Enter a sell trade at candle close following the alert.
- Place stop loss above the recent swing high or wave top.
- Set take profit at key support zones or trail stops as price moves favorably.
Additional Tips
- Use this strategy during active market sessions to capture strong momentum moves.
- Consider combining with higher timeframe trend analysis for better trade filtering.
- Manage risk carefully by adjusting position size and using stop losses consistently.
Adjustable Parameters & Settings
Period 1, period 2, step 1, step 2, box alerts, email alerts, sound alerts
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: trend reversal
How to install the Wave Entry Alerts indicator in Metatrader 4?
- Copy and paste the Wave Entry Alerts.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
