Setup 4 (Lower)

Information:

All tests are done from January 16, 2023 - April 30, 2024. The reason the first two weeks of January are not included is because the first two weeks of January are always very volatile. You can run the tests yourself and see the result for yourself. Simply download the set file and run the backtest. Here you can also see all numbers necessary.

  • Pairs: Multiple

  • Timeframe: 15M (test other timeframes too)

  • Balance: €10.000 (adjust lot size based on your balance)

Download:

4KB
Wave-Lower-4.set
Open

How to Install:

  1. Open the bot on the chart by double clicking the hat next to 'Trirex Wave'.

  2. Go to 'Inputs' -> 'File' -> Select the file.

  3. If you want to run this on a Backtest, simply open the Tester in MT5 -> Go to 'Inputs' -> Select the file.

Backtest:

Tip:

  • This is a very nice setup for higher balance accounts that want to run less risk. This setup does not increase the lot size.

  • Running multiple currency pairs alongside each other will increase drawdown. This test is done on only one currency pair.

  • This setup will work as well on other currency pairs, such as:

    • AUDUSD

    • EURGBP

    • AUDCAD

    • NZDCAD

Make sure to backtest it first before running.

PreviousSetup 3 (Lower)NextSetup 5 (Medium)

Last updated