CatchTheWave

The CatchTheWave EA is an automated trading system for MT5 that identifies short-term momentum trends using candle streaks and moving average alignment. It is designed to capture strong directional moves with configurable risk management and trade filters.

Key Features

• Candle Streak Strategy – Detects consecutive bullish or bearish candles to identify momentum before entering trades.

• Moving Average Confirmation – Combines streak signals with fast and slow EMA alignment to filter trades in the direction of the trend.

• Customizable Risk Management – Adjustable risk percentage, stop-loss, take-profit, and lot size calculation based on account equity.

• Trade Filters – Optional candle size filter and configurable streak length for precise trade entries.

• Time Control – Define active trading hours with automatic closing of positions outside the session.

• Fully Automated Execution – Monitors new bars and executes trades without manual intervention.

Technical Details

• Platform: MetaTrader 5 (MT5)

• Strategy Type: Momentum trading with streak and EMA confirmation

• Timeframe: Configurable (default M30)

• Risk Control: Lot sizing by % risk, adjustable SL/TP

• Version: 4.0 (2025 release)

• Fits all market types (forex, crypto, indices), with parameters originally tested on NASDAQ.

Package Includes

• Expert Advisor file (.mq5)

• Setup guide with recommended parameters