Setup 8 (Higher)

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: GBPUSD (test other pairs too)

• Timeframe: 15M (test other timeframes too)

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

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Download:

4KB

Wave-Higher-1.set

Open

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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.

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Backtest:

June & July 2023 saw US banks going bankrupt.

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Tip:

• Lower the 'Trade Back To MA' for less volatile pairs from 50 to 30. This is a great setup for people that want to run higher risk. You will have to take out profits because there will be events where you will most likely blow your account.

• 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.