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Name: FiboPlusWaves
Version: Latest Version
Developer by: Sergey Malysh
The Right Platform: Meta Trader 4 (MT4)
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FiboPlusWaves EA MT4 – Elliott Wave Precision Trading & Market Structure Engine
With over 20 years of trading experience, I consider FiboPlusWaves EA MT4 one of the most efficient and accessible Elliott Wave + Fibonacci systems for both beginners and advanced traders.
This Expert Advisor (EA) provides a fully visualized wave-mapping framework, real-time alerts, and ready-to-trade signals, making complex wave analysis simple, clear, and highly actionable.
It supports 13 major trading instruments, including Forex pairs, Gold, Oil, and BTCUSD (Bitcoin), offering broad applicability across multiple markets.
🔹 1. Automatic Elliott Wave Marking
The EA displays:
→ Allowing traders to instantly understand current market structure.
🔹 2. Automated S/R & Trend Channels
The system automatically plots:
Support and resistance
Horizontal levels
Trendlines
Trend channels
→ Delivering a complete technical framework within seconds.
🔹 3. Built-In Risk Assessment
Before every signal, the EA calculates the profit factor of the first target, helping traders assess:
Profit potential
Risk exposure
Signal quality
🔹 4. Ready-to-Use Trading Signals
The EA provides:
Clear entry recommendations
Accurate Stop Loss (SL)
Fibonacci-based Take Profit (TP) targets
→ Enabling fast, disciplined, and structured trade execution.
🔹 Wave Pattern Entry
Signals are generated based on Elliott Wave confirmation combined with Fibonacci retracement levels for high-probability entries.
🔹 Instant Execution With System-Defined SL/TP
All trades come with predetermined SL/TP aligned with wave structure, ensuring consistency and risk control.
🔹 Visualized Market Forecast
The EA illustrates:
Expected market direction
Entry zones
Target ranges
→ Helping traders anticipate market movement with clarity.
🔹 Daily Wave Updates
Wave structures are updated daily to maintain high accuracy and reflect the most recent market conditions.
⭐ 1. Highly Accessible Elliott Wave Trading
Trade Elliott Waves without needing to master the theory — the EA handles wave identification and structure for you.
⭐ 2. Multi-Asset Coverage
Supports 13 major markets including:
Forex
Gold
Oil
Bitcoin
→ One EA for your full trading portfolio.
⭐ 3. Full Alert System
Built-in alerts ensure you never miss a valid trading signal.
⭐ 4. Powerful Visual Customization
Customize:
Wave type
Colors
Display modes
Fibonacci levels
→ Adapt the chart to your personal trading style.
⭐ 5. Transparent Risk & Profit Evaluation
Every signal includes profitability metrics for clear and confident decision-making.
➡️ The core strategy is a Pattern-Driven Elliott Wave Trading System enhanced with visual risk mapping.
FiboPlusWaves EA removes the complexity of traditional wave theory by delivering daily refreshed wave counts, along with automatic construction of key support/resistance zones and trend channels, giving traders a clear and structured market view.
➡️ Trades can be executed instantly using system-generated Buy/Sell commands, with Stop Loss and Take Profit levels automatically calculated from the underlying wave structure.
The strategy prioritizes high-probability entries derived from Elliott Wave formations and Fibonacci confluence, providing a visual market forecast that highlights expected price paths and optimal decision points.




| Name | Fit |
|---|---|
| Trading platform | Meta Trader 4 (MT4) |
| Time frames | Any |
| Currency pairs | Forex, Gold, Oil and BitCoin (BTCUSD) |
| Min / Recommended deposit | $500 |
| Min / Recommended leverage | Any |
| VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗