Introduction: Tired of Choppy Trades? Catch the Wave Instead.

Let’s face it—manual trading USD/JPY can be exhausting. One second you're in the green, next you're catching a fake breakout or late on a trend move. Ever felt that frustration?

That’s exactly why Wave Catching EA V1.0 MQ4 was built. It’s a 100% free source code Expert Advisor from YoForex, designed specifically to identify and ride market waves on the USD/JPY H1 timeframe.

Forget overhyped robots that cost $499 with no real track record. This EA has been battle-tested on historical USD/JPY data and performs consistently under real market pressure.

So if you're hunting for an EA that actually surfs the market instead of drowning in it… let’s dive in.

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

Wave Catching EA is a trend-riding expert advisor tailored for source code. Built around smart trend confirmation and volatility detection, it waits for the perfect wave—then jumps on it with laser-targeted entries.

It was crafted by the YoForex dev team for H1 timeframe trading on USD/JPY, making it perfect for traders who want a reliable bot that trades with structure—not guesswork.

What separates this EA from others? It avoids high-risk martingale tactics, uses tight risk control, and includes adaptive trailing logic that secures profits as price moves in your favor.

And yes, it’s totally free to download—no strings, no subscriptions.

Key Features of Wave Catching EA

  • • Designed specifically for USD/JPY pair on H1 timeframe
  • • Smart trend detection algorithm using moving average crossovers + volatility filter
  • • No martingale, grid, or doubling strategies
  • • Dynamic stop-loss and take-profit based on wave height
  • • Built-in spread filter and slippage control
  • • Supports auto lot sizing based on account balance
  • • Conservative 1–2 trades per day average
  • • Risk to reward ratio of 1:2 or higher
  • • Fully backtested over 5+ years of USDJPY data
  • • Compatible with most brokers (ECN/STP)
  • • Optimized for low drawdown trading
  • • Simple one-chart setup – no need to load on multiple pairs

Whether you're just starting out or looking to expand your arsenal of algo tools, Wave Catching EA is your set-and-forget weapon.

Backtest Results & Real Market Performance

Backtests were run from January 2018 to March 2024 using real tick data, variable spreads, and accurate slippage simulations.

  • Initial Deposit: $1,000
  • Net Profit: $7,340
  • Max Drawdown: 6.2%
  • Profit Factor: 2.13
  • Winning Trades: 67%
  • Total Trades: 850+

The strategy focuses on catching medium-term waves, avoiding noisy reversals and staying out during choppy sessions. The result? Less stress, cleaner trades.

It’s also been running live on our YoForex test accounts since Feb 2024, and it shows similar performance: around 3–5% monthly with under 5% drawdown.

We’ll say it again—no martingale. No hype. Just data-backed consistency.

How to Install & Configure Wave Catching EA (Step-by-Step)

Getting started is easy—even if you’re new to MT4 bots. Here's how to install:

  1. Download the EA from MQL5.software:
    Click here to download Wave Catching EA V1.0 MQ4
  2. Copy the .mq4 or .ex4 file into:
    MT4 → File → Open Data Folder → MQL4 → Experts
  3. Restart MetaTrader 4
  4. Attach EA to a USD/JPY H1 chart
  5. Enable AutoTrading (click the green button!)
  6. Adjust settings (optional):
    Use the default risk = 1.0 or tweak it based on your comfort.
    Recommended starting balance: $500 or more

Why Choose YoForex-Powered Tools?

At YoForex, we believe traders deserve high-quality tools without paying thousands. Our bots are:

  • Free to use (no cracked junk)
  • Built by real traders, for real traders
  • Updated monthly with improvements
  • Supported through Telegram and WhatsApp (24/7 access)

We're not just selling a product—we're building a community of profitable traders.

Check out our homepage to explore more free EAs, indicators, and trading strategies.

Support & Disclaimer

Need help? We’re always available:

If you face any bugs, setup confusion, or just wanna chat trading—hit us up.

Disclaimer: This EA is provided for educational purposes. Past performance doesn’t guarantee future results. Please trade on a demo account before going live. Always manage your risk wisely.

Call to Action: Download It Now – 100% Free

Don’t let market waves crash you—ride them instead.

Download the Wave Catching EA V1.0 MQ4 today and experience stress-free trend trading on the USD/JPY pair. With full support and a proven track record, there’s zero reason not to.

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Happy Trading