4X Wave Indicator System (4X Wave Pro)
IndicatorA manual MT4 arrow system: wave entry and exit indicators, a trend filter, and a Risk Calculator EA for lot sizing.
Platform
MT4
Timeframe
Any timeframe
Pairs
Any major pair
Original listed price
$249
The vendor's own listed price, not verified by us. Free here.
The 4X Wave Indicator System is the retail product sold as 4X Wave Pro. It is not an automated robot. It is a bundle of MetaTrader 4 indicators that paint entry and exit arrows, plus a Risk Calculator EA that helps you size a position. You still place, protect and close every trade yourself.
The download here contains the working parts of that paid system. The three signal modules (4XEE1, 4XEE2 and 4XEE3) drive the entry and exit arrows, FXT-B acts as a trend and confirmation layer, and RiskCalculator_Premium is the lot sizing tool. The vendor markets it as non-repaint with a three way alert (MT4 push, email and phone) so a fresh signal is hard to miss.
The honest problem is evidence. There is no MQL5 Market listing, no public verified signal, and no independent reviews. The confidence figures the vendor prints, things like 96 percent ease of use and 91 percent satisfaction, are self reported marketing, not trading results. The official site 4xwave.com no longer resolves, and the system now circulates through third party resellers at a fraction of its old price.
Specifications
| Type | Manual indicator system (signal arrows) plus a Risk Calculator EA |
|---|---|
| Platform | MetaTrader 4 only (build 1421 and above) |
| Components | 4XEE1, 4XEE2, 4XEE3 signal indicators, FXT-B trend filter, RiskCalculator_Premium EA |
| Strategy | Wave based trend detection with multi indicator confirmation, executed manually |
| Signals | Non-repaint entry and exit arrows (vendor claim, unverified) |
| Alerts | MT4 push notification, email, phone |
| Recommended pairs | None published, presented as general purpose |
| Recommended timeframe | None published; H1 and higher on majors is a sensible default for a manual arrow system |
| Risk management | Risk Calculator EA for lot sizing and one click trade management; no martingale or grid |
| Developer | Undisclosed, branded 4X Wave Pro (4xwave.com, now offline) |
| Original price | About $249 retail, resold for roughly $7 to $25 |
| Verified track record | None found |
What you actually get
This is a chart tool, not a hands off EA. The wave indicators mark where the system thinks a move is starting and where it may be ending, and the alerts push those moments to you. Everything after that, the entry, the stop loss, the target and the exit, is your decision.
The Risk Calculator EA is the practical highlight. You set a risk percentage or a cash amount, click buy or sell calc, and it returns the lot size and the money at risk, then can manage the position with partial closes and a move to break even. That part is genuinely useful and is the same job dozens of free trade managers already do.
How the signals are meant to work
The vendor calls it an Advanced Confirmation Formula, which in plain terms is confluence: several indicators have to agree before an arrow prints. FXT-B supplies the trend context so you are nudged to trade with the larger move rather than against it.
Non-repaint is the key claim, because a repainting arrow that moves after the fact is worthless for real trading. Some arrow systems are honestly non-repaint and many are not. Without the source or a forward test you cannot take that label on trust, so treat it as unproven until you have watched signals form and stay put in live conditions.
Reading the marketing
Percentages like 96 percent ease of use, 100 percent non-repaint and 91 percent satisfaction are the vendor grading its own product. None of them describe win rate, drawdown or profit. There is no verified equity curve anywhere, which for a system that once asked $249 is a real gap.
The steep resale discount, from a couple of hundred dollars down to single digits, tells its own story about how the market now values it.
Screenshots
Features
- Entry and exit arrow signals from three wave indicator modules
- FXT-B trend and confirmation layer to filter counter trend signals
- Three way alerts: MT4 push, email and phone
- Risk Calculator EA for lot sizing from a set risk percentage or cash amount
- One click trade management: partials, break even and custom closes
- Non-repaint arrows (vendor claim, not independently confirmed)
Performance
No verified performance exists for this system. There is no MQL5 rating, no public live signal, and no independent reviews. The vendor's ease of use and satisfaction percentages are self reported marketing, not trading results. The only concrete figure is price: about $249 at retail, now resold for roughly $7 to $25.
Pros
- Simple, beginner friendly manual workflow: wait for an arrow, then decide
- The bundled Risk Calculator EA makes correct lot sizing quick
- Three way alerts mean you can leave the chart and still catch a signal
- No martingale or grid, so a single bad trade cannot cascade on its own
Cons
- No verified track record: no MQL5 listing, no live signal, no independent reviews
- The non-repaint claim cannot be confirmed without auditing the code
- Developer is anonymous and the official site 4xwave.com is offline
- Free package is a leaked copy with no updates and no support
Setup
- Install on MT4 build 1421 or newer and load the template on a clean chart
- Forward test on a demo account for several weeks and log whether arrows repaint
- Use the Risk Calculator EA to cap risk per trade at a fixed small percentage
- Add your own structure read, support, resistance and higher timeframe trend, before taking any signal
Verdict
2.7/5As a manual toolkit the 4X Wave Indicator System is fine in the way many arrow systems are fine: clear signals, decent alerts, and a handy risk calculator that does real work. If you already trade discretionarily, it can serve as a second opinion.
As an investment it does not hold up. There is no verified evidence it makes money, the non-repaint claim is unproven, the developer is anonymous, and the site that once sold it is gone. Treat it as a free chart aid to test on demo, keep your own risk rules, and do not pay a premium for it.
Get 4X Wave Indicator System (4X Wave Pro) free
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- Setup guide included
- Support via Telegram