Wave Catching EA V1.0 MQ4 – Ride the Trend Waves for Smart USD/JPY Profits


Are you tired of choppy trades that stop you out right before the market moves your way? Or maybe you've been hunting for that one trend-based EA that just knows when to ride the wave and when to sit still?


Well, you're in luck today. Let’s introduce you to Wave Catching EA V1.0 MQ4 — a free, fully-automated expert advisor, available right now on ForexFactory.cc, built specifically to ride the clean intraday trends of USD/JPY on the H1 timeframe.


Created and optimized by the team at YoForex, this EA focuses on intelligent wave detection using dynamic price movement logic — so you're not guessing when to enter or exit... the algorithm does the heavy lifting for you.


And the best part? It’s 100% free. No signup. No upsell. No catch.


Overview: What Is Wave Catching EA V1.0 MQ4?


Wave Catching EA is a MetaTrader 4 Expert Advisor designed to trade intraday price waves on USD/JPY, particularly on the H1 timeframe. It works best in trending markets — but unlike typical trend-following bots, this EA uses multiple confirmation filters before entering a trade.


Developed and back-tested by YoForex, this EA reads wave-based momentum and price exhaustion. It looks at previous swing highs/lows, dynamic support-resistance levels, and volatility bands to determine precise entry zones. Then, it sets smart stop-loss and take-profit levels — all automated.


If you’ve been looking for a low-maintenance, low-risk EA for intraday USD/JPY trading, this could be it.


And guess what? You can download it here right now.


Key Features of Wave Catching EA


Here’s what makes this bot a wave-riding beast:



  • • Optimized for USD/JPY

  • • Works best on H1 timeframe

  • • Detects price waves using proprietary swing logic

  • • Targets 1:1.5 risk-reward on average

  • • Includes built-in volatility filter

  • • Trades only in active sessions (Asian + London overlap)

  • • Max daily trades: 2–4 (low-frequency, high-quality)

  • • Drawdown cap system (< 5%)

  • • SL and TP fully dynamic based on ATR

  • • No martingale, no grid

  • • Compatible with all brokers (ECN/STP)

  • • Free lifetime updates via ForexFactory.cc

  • • Works seamlessly on both demo and live accounts


This EA doesn’t overtrade. It waits patiently for wave formation and confirms the direction using multiple indicators — then strikes with precision.


Backtest Proof & Live Results


The Wave Catching EA has been back-tested over 4+ years of data on USD/JPY H1, including high-volatility periods like the 2020 crash and 2022 interest rate hikes.


Highlights:



  • Backtest Period: Jan 2020 – Mar 2024

  • Initial Deposit: $1000

  • Ending Balance: $4830

  • Max Drawdown: 4.2%

  • Win Rate: 68%

  • Avg. R:R: 1:1.55


The backtest shows a smooth equity curve with minimal drawdown, ideal for long-term deployment on low-leverage accounts.


Live trading results by YoForex on a small live account have shown consistent monthly returns of 6–10%, even during NFP and FOMC weeks.


How to Install & Set Up Wave Catching EA


Getting started takes less than 5 minutes. Here’s your quickstart checklist:



  1. Download the EA from ForexFactory.cc

  2. Extract the .ex4 or .mq4 file

  3. Open MetaTrader 4 → Go to File → Open Data Folder

  4. Navigate to MQL4 → Experts, and paste the file

  5. Restart MT4

  6. Open USD/JPY chart on H1 timeframe

  7. Drag the EA onto the chart from the Navigator

  8. Enable “AutoTrading”

  9. Load the recommended settings file (included in download)


Done! Now the EA will monitor price action and execute trades automatically when conditions align.


Why Choose YoForex-Powered Tools?


At YoForex, we don't just build bots. We build performance-focused, back-tested tools for traders who want consistency — not hype.


Here’s why traders trust our tools:



  •  Free lifetime updates

  •  Zero hidden fees

  •  Transparent performance logs

  •  Built for real traders by actual traders

  •  Community-driven feedback cycles


Check out our full collection on ForexFactory.cc — from indicators to full EAs, all crafted for practical use.


Support & Disclaimer


Need help getting started?



We’ve got your back — whether it’s setup issues, optimization, or strategy tweaks.


Final Thoughts – Grab It While It’s Free


Wave Catching EA V1.0 is one of those rare EAs that does what it says. It rides the USD/JPY wave without overcomplicating things or risking your entire account.


No gimmicks. Just a clean, minimal, smart bot — and it’s free.


Download your free copy now on ForexFactory.cc


Got questions? We’re just a click away on WhatsApp or Telegram.


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Happy Trading