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Elliott Wave MT4 (MT4) — review, price and free alternatives
MT4 indicator$35 on MQL5by Sathit Sukhirun
Elliott Wave MT4 is a MetaTrader 4 indicator by Sathit Sukhirun, sold on the MQL5 Market for $35. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Elliott Wave MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Sathit Sukhirun
- Price
- $35
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Elliott Wave MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Automated Elliott Wave Theory 1. Automated Wave Counting & Reduced Bias (Objectivity) Normally, Elliott Wave counting involves a lot of imagination or personal opinion.
Before you buy Elliott Wave MT4
What the developer claims
- This indicator helps by: Finding Impulse Waves (Waves 1-2-3-4-5): Uses strict rules (e.g., Wave 3 cannot be the shortest, Wave 4 cannot overlap Wave 1) to show you the theoretically correct price structure.
Quoted from the listing. We have not tested these claims.
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Elliott Wave MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Elliott Wave MT4; what these notes say about how it works comes from that listing.
Overview
Elliott Wave MT4 by Sathit Sukhirun represents a comprehensive automated trading solution for MT4 traders. What sets Elliott Wave MT4 apart is its balanced approach to trade execution and capital preservation.
Risk notes
Elliott Wave MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Sathit Sukhirun
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Elliott Wave MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
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Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
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The team's notes, every day
- What we ship, what breaks and how we fix it
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- Questions answered in the bot
Elliott Wave MT4 or Scalperology AI?
| Elliott Wave MT4 | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($35) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Sathit Sukhirun | FxRobotEasy |
Elliott Wave MT4 — questions
What is Elliott Wave MT4?
Elliott Wave MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Sathit Sukhirun, priced at $35 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Elliott Wave MT4 work on MT4 or MT5?
Elliott Wave MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Elliott Wave MT4 cost?
Elliott Wave MT4 is a paid product listed at $35 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-27. It is sold and downloaded through the developer's (Sathit Sukhirun) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Elliott Wave MT4?
FxRobotEasy has not traded Elliott Wave MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Elliott Wave MT4 elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.