Wave Catching EA V1.0 MQ4

Wave Catching EA V1.0 MQ4: Ride the USD/JPY Waves Like a Pro

Ever felt like you're always late to the party in the forex market? Like just when you think you've caught the trend, the tide turns? Yeah… been there. That’s where the Wave Catching EA V1.0 MQ4 enters the scene. Designed specifically for USD/JPY and optimized for the H1 timeframe, this powerful Expert Advisor is built to detect momentum shifts and ride market waves just when they form — not after they’ve passed.

Whether you're a seasoned trader or just dipping your toes into algorithmic trading, this EA could be the boost your strategy needs. It’s not about chasing trades… It’s about timing them right.

Overview of Wave Catching EA V1.0 MQ4

Wave Catching EA V1.0 MQ4 is a trend-following and reversal-detection robot that analyzes wave patterns, volatility spikes, and momentum buildups on the USD/JPY pair. By operating on the H1 chart, it avoids the noise of lower timeframes while still offering multiple entries each week.

This EA doesn’t rely on martingale, grid, or high-risk strategies. Instead, it combines conservative entry filters with smart trailing and exit logic. The goal? Capture the bulk of the wave — not just a tiny ripple.

With years of market behavior baked into its logic, the Wave Catching EA helps you stay on the right side of price action — even when the markets start acting weird (as they often do).

Key Features of Wave Catching EA V1.0

Designed specifically for USD/JPY pair

Optimized for H1 timeframe to reduce false signals

Smart trend detection based on volatility and volume shifts

No martingale, no grid, no insane risk

Real SL and TP used (visible to broker)

Adaptive trailing stop to lock in profits during strong moves

Custom entry logic to catch wave beginnings

Works well even in ranging conditions with built-in filters

Low drawdown strategy – typically under 5%

Backtested from 2018–2024 on real market data

Easy to set up and beginner friendly

MQ4 format – open-source and customizable

Backtest Results & Performance Overview

Let’s be honest — without the data, it’s all just theory. So here’s what the numbers say:

Timeframe: H1

Pair: USD/JPY

Backtest Period: January 2018 – March 2024

Initial Deposit: $1,000

Total Trades: 1,236

Win Rate: 68.3%

Max Drawdown: 4.7%

Net Profit: $5,482 (over 5.4x account growth)

Risk Setting: Default (1.5% per trade)

This EA has also been tested live on demo accounts with real market spreads, slippage, and broker conditions. Results hold up with minor deviations — exactly what you want to see.

How to Install and Use Wave Catching EA

Installing this EA is super easy — takes just a few minutes. Here's a quick step-by-step:

Download the EA: Get it from the official Wave Catching EA page on FXCracked.

Open source code 4

Navigate to File → Open Data Folder

Paste the EA into the MQL4/Experts folder

Restart MQ4

Attach it to a USD/JPY H1 chart

Set your risk level (default is 1.5%) and lot size

Make sure AutoTrading is ON

Pro tip: Always test in demo for a few days before going live.

Why Choose Wave Catching EA from FXCracked?

Still wondering why grab this one over others?

Because at FXCracked, we don’t gatekeep powerful tools behind expensive paywalls. Wave Catching EA V1.0 is 100% free and transparent — no shady licenses, no delays, no strings. Plus, we give you the source code in MQ4 format, so you can even tweak the logic if you’re into that kinda thing.

Oh, and we're powered by YoForex — a brand that’s been backing traders with free tools, fast support, and zero BS since day one. Want proof? Just scroll through our library of free EAs and forex indicators.