Tired of manual trading? Elliott Wave Robot Version 3.1 will do 99% of the job for you!

What is the “Elliott Wave Robot” for cTrader

Elliott Wave Robot is an automated trading bot for the cTrader platform. It applies the Elliott Wave Principle to automatically position orders in both directions short and long. You may also use the Martingale system to hedge your porsitions.

If you decide to only trade the major pair EURUSD, no need to optimize at all, we do optimize this asset for you. Just download the settings file and start trading right away. Download Setting File

If you prefer to open positions manually, you may use this bot as a signal provider, in this case bot sends trading signals by email.

Key Features

  • NEW: No optimization needed, we do the job for you
  • Robot applies Elliott Wave principle
  • Money/risk management
  • Optional Martingale hedging system
  • All positions having stop loss value
  • Suitable for forex, shares, commodities, crypto and indices
  • Up to 1000 instruments simultaneously
  • Suitable for all time frames
  • 30 day demo version available

Find out how the Elliott Wave Robot works and how you may optimize the robot for a particular instrument and timeframe.

Sample Backtest for cTrader

cTrader EURUSD 10 years sample backtest results on 5 minutes timeframe using Martingale.
cTrader EURUSD 10 years sample backtest Statistics on 5 minutes timeframe using Martingale.

What is “Elliott Wave Principle

The EW is a technique of technical analysis to anticipate the trend direction. Ralph Nelson Elliott (1871–1948), discovered that prices unfold in recurrent patterns which are related to persistent changes in investor sentiment and psychology. Today it is called behavioural Economics.

EW is the only trading strategy that has been confirmed over the last decades. In 1935 Elliott made a prediction of a stock market bottom and has since become a staple for thousands of portfolio managers, traders, and private investors.

Alfred John Frost and Robert Prechter in their book  Elliott Wave Principle: Key to Stock Market Profits, give the evidence that the EW Patterns are still valid and unfolding since 1829.

Also a new study by Eugenio D’Angelo, is delivering the evidence that EW it is also valid within the Forex market: The Effectiveness of the Elliott Waves Theory to Forecast Financial Markets: Evidence from the Currency Market

Of course, trading the Elliott Wave Principle does not give any kind of certainty about future price movements but helping to sort out and exclude probabilities for future market moves and so makes the decision to entry and exit easier and more accurate.

Risk warning

Trading carries a high level of risk, and may not be suitable for you. Before deciding to trade foreign exchange using our trading robot, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Please test this robot on a demo account before attempting to go live. We accept no responsibility for any financial losses.