In development • Not yet for sale • No price set • No public EA download
ParitLab Wave1 Entry EA — v2.04
An Expert Advisor for MetaTrader 5, developed from an Elliott Wave engine using confirmed swings and rule-based trade management. Wave counts and entries can be wrong; this is not a guarantee of profitable trading.
Features include automatic or fixed lot sizing, a combined planned stop-risk cap, concurrent setup limits, structural stop placement with a buffer, and conditional profit locking through pending-order cancellation, partial closing and a breakeven request.
The selected M5 research configuration uses 10% risk per setup, a 10% combined cap and up to two concurrent setups. This is a high-risk configuration, not a recommendation for every account. Planned risk limits do not guarantee maximum realized loss.
The latest supplied report covers GOLD# on M5, 1–9 September 2026, with a USD 10,000 initial deposit. It reports USD 2,314.07 net profit, USD 371.09 (3.15%) maximal equity drawdown, profit factor 12.04 and 43 trades, of which 36 (83.72%) were profitable.
These are historical simulation results from approximately six trading days, not live-account performance or a weekly-return forecast. Parameters were researched and selected using overlapping data; this is not untouched out-of-sample validation. Earlier configurations also lost money, including the M1 20%-risk test with USD 428.23 net loss and 10.43% equity drawdown. Those runs used different conditions and are not controlled comparisons.
Start with a Demo account, verify your broker symbol and Inputs, and review AUTO before enabling execution. Spreads, commissions, slippage, gaps, fills and broker stop/freeze rules can change the outcome. No profits, win rates or maximum loss are guaranteed.
Development milestones: v1.00 introduced the wave engine and risk pool, followed by an internal-pivot look-ahead correction. v1.01–1.02 addressed timeframe isolation and label placement. v1.03–1.07 researched profit locking, confirmation, trend and BOS filters, including rejected configurations. v2.00 separated the Wave1 Entry EA; v2.01 added combined risk limits; v2.02–2.03 researched fixed lots and structural stops; v2.04 records the selected M5 configuration.
Artifact note: The report contains no binary checksum. An exact match between the installed EA binary and the binary used to produce this report has not been verified.
Backtest charts and report — 10 September 2026
Original MT5 Strategy Tester charts: GOLD# / M5, 1–9 September 2026. A short historical research sample, not live trading results or a return guarantee. The attached public ZIP preserves the original result values and chart images, but omits proprietary inputs and detailed order/deal logs. No EA or source code is included.