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Elliott Wave Principle (MT5) — review, price and free alternatives
MT5 indicator$30 on MQL5by Mohamed Amr Mohamed Osama Abdelwahab
Elliott Wave Principle is a MetaTrader 5 indicator by Mohamed Amr Mohamed Osama Abdelwahab, sold on the MQL5 Market for $30. 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 Principle — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Mohamed Amr Mohamed Osama Abdelwahab
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Elliott Wave Principle on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Trade the waves the way the book teaches — not by guesswork.
Before you buy Elliott Wave Principle
What the developer claims
- This indicator reads price structure and labels Elliott Wave impulses (1-2-3-4-5) and corrections (A-B-C) automatically, then shows you exactly where the next wave is likely to go and where the book says the trade is.
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 MT5 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 Principle
Compiled from its public MQL5 listing. FxRobotEasy has not traded Elliott Wave Principle; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 Elliott Wave Principle review examines real performance and trading analysis to help you make informed decisions. Elliott Wave Principle by Mohamed Amr Mohamed Osama Abdelwahab represents a comprehensive automated trading solution for MT5 traders. What sets Elliott Wave Principle apart is its balanced approach to trade execution and capital preservation.
Risk notes
Elliott Wave Principle 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
- MT5 platform compatibility
- Developed by experienced Mohamed Amr Mohamed Osama Abdelwahab
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Elliott Wave Principle on MT5 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
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Elliott Wave Principle or Scalperology AI?
| Elliott Wave Principle | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Mohamed Amr Mohamed Osama Abdelwahab | FxRobotEasy |
Elliott Wave Principle — questions
What is Elliott Wave Principle?
Elliott Wave Principle is a MetaTrader 5 indicator published on the MQL5 Market by Mohamed Amr Mohamed Osama Abdelwahab, priced at $30 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 Principle work on MT4 or MT5?
Elliott Wave Principle runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Elliott Wave Principle cost?
Elliott Wave Principle is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-07-07. It is sold and downloaded through the developer's (Mohamed Amr Mohamed Osama Abdelwahab) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Elliott Wave Principle?
FxRobotEasy has not traded Elliott Wave Principle 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 Principle 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.