Installation
01. Create an Account on the Licensing Dashboard
Click on 'Forgot Password?' and fill in the email address you provided me.
Go to your email (check spam also) and set up a password.
Go back to the website and log in.

02. Add your account to the Licensing Dashboard
Once logged in to the dashboard, navigate to 'Algos' in the left menu.
On this page, click on 'License Management'

Now, add your broker account number to either Real or Demo. Make sure to only add Real (Live) accounts to Real and Demo accounts to Demo. Then, press 'Save'.

03. Download the Bot
Now that we have logged in to the Licensing Dashboard and added our account numbers, it is time to download the bot.
in the 'Algos' section, navigate to 'Algos'

Now, click the download button to download the bot.

The bot will be downloaded: an ex5 file.
04. Install the Bot in the correct folder.
Open Metatrader 5 (MT5)
In the top left menu, click on 'File' --> 'Open Data Folder'.
In this folder, open the folder 'MQL5' --> 'Experts' --> 'Advisors'.
Copy and paste the bot, which you just downloaded, in this folder.
Restart MT5.
06. Insert the licensing URL in MT5
Now we need to insert an URL in MT5:
https://traderwaves.com (used for the licensing system)
In MT5, navigate in the top menu to 'Tools' --> 'Options' --> 'Expert Advisors'.
In here, paste the URL's as shown in the screenshot below.
Make sure the same checkmarks are selected as in the screenshot below.

07. Setup the Wave bot in MT5.
Drag the pair(s) you want to run to the chart.

Set the timeframe for both pairs to M15.
Go to the Setups and download the set file.
Add the Wave bot from the navigator to your chart(s).
In the bot settings (double click the name in the top right corner) go to 'Inputs' --> 'Load' --> Load the set file.
Make sure that for each pair you run you have these two checkboxes enabled under 'Common'.

Now make sure you have read through Disclaimer before you press OK. Good luck!
Errors

Video of Chart Layout Installation:
This step is not necessary to make the bot work, but will make your chart looks way nicer:
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