FXC Elliott Wave

BESTMT4EA trades automatically & earns stable profit every day without big drawdown. Most Profitable Forex Robot & Forex EA.

Hurry and get 20% discounts

Coupon Code: bestmt4eacom



13 People watching this product now!

Payment Methods:

payment methods

Instant Download

Lifetime Access

Unveiling the FXC Elliott Wave: A Trader’s Guide to Wave Analysis in MT4

The foreign exchange market, or Forex, thrives on constant price fluctuations. Discerning these movements and predicting future trends is a core skill for successful traders. Elliott Wave theory, a widely used technical analysis approach, offers valuable insights into market psychology through identifying recurring wave patterns. The FXC Elliott Wave indicator for MT4 capitalizes on this theory, empowering traders to make informed decisions based on wave structure.

This comprehensive guide delves into the FXC Elliott Wave indicator, equipping you to navigate the world of Elliott Wave analysis within the familiar MT4 platform. We’ll explore the intricacies of the indicator, its functionalities, and how to leverage it for potential trading advantages.

Demystifying Elliott Wave Theory: The Building Blocks

Elliott Wave theory, developed by Ralph Nelson Elliott, postulates that market prices advance and retrace in a specific, five-wave pattern. This repetitive structure, known as the “Elliott Wave Principle,” applies to all financial markets, including Forex.

Here’s a breakdown of the five waves:

  • Wave 1 (Impulse): The initial impulsive move, often characterized by a sharp price increase.
  • Wave 2 (Correction): A retracement against the trend of Wave 1, typically shallower than Wave 1.
  • Wave 3 (Impulse): The strongest and most extended wave, continuing the trend initiated in Wave 1.
  • Wave 4 (Correction): A corrective phase that retraces a portion of Wave 3.
  • Wave 5 (Impulse): The final impulsive wave, completing the five-wave pattern and often exceeding the high of Wave 3.

Elliott Wave theory also recognizes corrective wave patterns (a, b, c) that unfold within the larger five-wave structure. Identifying these wave sequences empowers traders to anticipate potential trend continuations and reversals.

Introducing the FXC Elliott Wave Indicator: A Visual Ally

The FXC Elliott Wave indicator simplifies the process of Elliott Wave identification within the MT4 platform. Once installed, the indicator overlays potential wave counts directly on your price chart.

Key Features of the FXC Elliott Wave Indicator:

  • Automated Wave Labeling: The indicator automatically labels potential wave peaks and troughs based on the Elliott Wave Principle.
  • Trend Direction: The indicator identifies the overall trend direction based on the wave structure.
  • Fibonacci Levels: The indicator can display Fibonacci retracement levels, which often coincide with wave terminations and potential reversal zones.

Benefits of Using the FXC Elliott Wave Indicator:

  • Enhanced Visualization: Simplifies wave identification for easier pattern recognition.
  • Improved Efficiency: Saves time by automating wave labeling.
  • Trend Confirmation: Provides additional confirmation for existing trend analysis.

FXC Elliott Wave in Action: A Step-by-Step Guide

Let’s delve into the practical application of the FXC Elliott Wave indicator. Here’s a step-by-step guide to get you started:

  1. Installation: Download the FXC Elliott Wave indicator (ensure compatibility with your MT4 version) and install it following the MT4’s custom indicator installation instructions.
  2. Indicator Settings: Open the indicator settings by right-clicking on the indicator name in the “Indicators” window and selecting “Properties.” Here, you can customize the indicator’s display (colors, line styles) and choose to display Fibonacci retracement levels.
  3. Applying the Indicator: Select your desired currency pair and timeframe on the MT4 platform. Drag and drop the FXC Elliott Wave indicator onto the price chart.
  4. Wave Identification: The indicator will automatically label potential wave peaks and troughs. Analyze the wave structure while considering established Elliott Wave guidelines.
  5. Confirmation and Refinement: Utilize other technical analysis tools like support and resistance levels to confirm wave validity. Remember, Elliott Wave identification is subjective, and refinement based on experience is crucial.

Important Considerations:

  • False Signals: The indicator can generate false wave counts, especially in volatile markets. Always combine it with other technical analysis methods.
  • Subjectivity: Elliott Wave interpretation can be subjective. Backtesting and experience are crucial for accurate wave identification.
  • Confirmation: Use the indicator as a visual aid, not a definitive signal generator. Confirm wave counts with additional technical analysis tools and price action.

Beyond the Basics: Advanced Techniques with FXC Elliott Wave

While the basic functionalities of the FXC Elliott Wave indicator provide a valuable starting point, more advanced techniques can enhance your analysis. Here are some additional considerations:

  • Multiple Timeframes: Analyze the wave structure across different timeframes (daily, hourly) to gain a broader perspective on the underlying trend.
  • Fractals: Elliott Wave theory suggests the fractal nature of markets, where similar wave patterns repeat across different timeframes

Decoding Wave Patterns with FXC Elliott Wave

The FXC Elliott Wave indicator not only displays potential wave counts but can also assist in identifying specific wave patterns. Here’s a breakdown of some common patterns and how the indicator can aid in their recognition:

  • Impulse Waves: These waves are characterized by a strong directional move. The indicator’s wave labeling (1, 3, 5) can help pinpoint potential impulse waves, especially when accompanied by increasing volume.
  • Corrective Waves: These waves retrace a portion of the preceding impulse wave. The indicator’s labeling (a, b, c) can be instrumental in identifying corrective patterns like zigzags (three-wave a-b-c) or flats (a-b-c with limited price movement).
  • Triangle Patterns: Triangles (symmetrical, ascending, descending) often precede breakouts in the direction of the dominant trend. The indicator’s wave labeling within the triangle can offer clues about potential breakout zones.

By studying these wave patterns and their characteristics alongside the indicator’s labels, you can gain a deeper understanding of potential price movements.

Beyond the Indicator: Combining FXC Elliott Wave with Other Tools

The FXC Elliott Wave indicator is a powerful tool, but it’s most effective when used in conjunction with other technical analysis methods. Here are some complementary strategies:

  • Support and Resistance: Identify potential reversal zones using support and resistance levels. The indicator’s wave terminations often coincide with these levels, strengthening the confluence of signals.
  • Trend Indicators: Utilize trend indicators like moving averages to confirm the overall trend direction suggested by the wave structure.
  • Price Action: Analyze price action itself, focusing on candlestick patterns and price swings. This can provide additional confirmation for wave identification and potential entry/exit points.

By combining the FXC Elliott Wave indicator with these additional tools, you can create a more comprehensive trading strategy with a higher degree of accuracy.

Frequently Asked Questions (FAQ) about FXC Elliott Wave Indicator

Here are some commonly asked questions regarding the FXC Elliott Wave indicator:

FAQ 1: Is the FXC Elliott Wave indicator free?

There are both free and paid versions of the FXC Elliott Wave indicator available. The free version might have limited functionalities compared to the paid version.

FAQ 2: Does the FXC Elliott Wave indicator generate trading signals?

While the indicator labels potential wave patterns, it doesn’t directly generate buy/sell signals. It’s crucial to combine wave analysis with other technical indicators and price action for confirmation before entering trades.

FAQ 3: Is the FXC Elliott Wave indicator repaint-proof?

Not all versions of the FXC Elliott Wave indicator are guaranteed to be repaint-proof. This means the wave labels might adjust as new price data becomes available. Choose an indicator version with a good reputation for reliability.

FAQ 4: How accurate is the FXC Elliott Wave indicator?

The accuracy of the indicator depends on the underlying market conditions and your skill in interpreting Elliott Wave patterns. Backtesting and experience are essential for refining your wave identification skills.

FAQ 5: Are there any limitations to using the FXC Elliott Wave indicator?

Elliott Wave theory itself is subjective, and indicator interpretations can vary. The indicator might not be suitable for all trading styles and requires practice for effective utilization.

FAQ 6: What are some alternatives to the FXC Elliott Wave indicator?

Several other Elliott Wave indicators are available for MT4, each with its own features and functionalities. Explore different options and choose one that best suits your trading needs and preferences.

The Final Wave: Conclusion

The FXC Elliott Wave indicator offers a valuable tool for MT4 users interested in incorporating Elliott Wave theory into their trading strategies. By understanding the Elliott Wave Principle, the indicator’s functionalities, and its limitations, you can leverage wave analysis to potentially improve your market timing and trade decision-making. Remember, successful trading involves a combination of technical analysis, risk management, and a healthy dose of experience.

Ready to ride the waves of the Forex market? Equip yourself with the knowledge of Elliott Wave analysis and explore the FXC Elliott Wave indicator to enhance your trading experience.


There are no reviews yet.

Be the first to review “FXC Elliott Wave”

Onetime Payment

Pay once, use forever. No need for monthly subscription.

Lifetime Access

You will get lifetime access to download from the dashboard.

Multiple Accounts

You will get unlimited version to use on multiple accounts.


Automated System

Opens, manages, and closes the best trades for you. No need to lift a finger.

Great Trading Strategy

Plots chart price in real time to find the best entry and exit points with no lag.

Fully Optimized Settings

Comes loaded with optimized settings for all common forex pairs.

Real Time Broker Shield™

Keeps shady brokers from trading against you by guarding your trade information.

Most Popular Forex Robot

The #1 choice of professional forex traders using expert advisors.

Simple To Setup And Use

Designed for any skill level. Get up and running in less than 5 minutes.

profit man
shop with confidence
Pay Once Use Forever. Lifetime Access with Multiple Accounts.
Hurry! Special Discount is only available for first 50 orders.

90 Days Money Back Guarantee

Offer will End & Price will go up very soon. If you want consistent profit, do not think, Just click the Buy Now button.

Best Forex Brokers

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:

NoBrokerMin. DepositPlatformsAccount TypesGet Offer
1.RoboForex$10MT4, MT5, RTraderStandard, Cent, Zero SpreadWelcome Bonus $30
2.ICMarkets$200MT4, MT5, CTraderStandard, Zero SpreadBest Paypal Broker
3.Exness$1MT4, MT5Standard, Cent, Zero SpreadFree VPS
4.XM$5MT4, MT5Standard, Micro, Zero Spread20% Deposit Bonus
5.AvaTrade$100MT4, MT5Standard, Cent, Zero SpreadTop Forex Broker
6.XBTFX$10MT4, MT5Standard, Zero SpreadBest USA Broker
7.FXTM$10MT4, MT5Standard, Micro, Zero SpreadWelcome Bonus $50
8.FBS$5MT4, MT5Standard, Cent, Zero Spread100% Deposit Bonus
9.Binance$10Binance PlatformsN/ABest Crypto Broker
10.TradingViewFreeTradingViewN/ABest Trading Platform

Make Smarter Investments with Expert Guidance

Tired of managing your investments alone? At Finance Brains, we do the heavy lifting – so you can focus on what matters. Our expert advisors and AI-powered technology work together to create a custom portfolio tailored to your unique goals and risk tolerance.



The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

You can use any broker that offers the Metatrader 4 trading platform. But for Best Result we suggest you to trade with most popular brokers.

You can use Forex Robot with Multiple Accounts. There is no restrictions.

You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

Every Forex Robot is unique. Please check the guide before trading. If you don’t understand which one is suitable please contact us.

Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

Yes you can use. Please Backtest before using it in a real trading. Or use Demo Trade for at least one month with your broker spread and proper balance. Never use in live trading with any pair without demo testing. It is always better to invest time before losing any money.

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the Forex market opening on Monday to the market closing on Friday. Crypto market is open everyday 24×7.

If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

We accept payments by Neteller, Skrill, Bitcoin, Perfect Money, Paypal, MasterCard & Visa. If you don’t have any Paypal you can select custom method during checkout & pay manually.

You have to fulfill only three easy steps to get special discount. Please check the details here.

After completing the successful payment, you will get instant download option from the Dashboard. Please click here to get your download link.

How to Place Order

In order to do download any of our premium trading tools,
Proceed to the Product page;
Scroll down to see the ADD TO CART button, click on it and proceed to the checkout page.

In checkout page;
First apply your discount code if you have any; then fill out the form.
Then select your payment method.
We are now accepting PayPal, Visa, Master Card, Bitcoin, Neteller, Skrill, Perfect Money, Google Pay & Bank Transfer.

Tick Terms & Conditions Box & Click Place Order.

Complete the payment.


How To Download

After Completing the Payment you will be able to download Expert Advisor and Indicator from dashboard. Please check Download Folder. If you paid manually please contact immediately. Admin will update the order and then you will get download option in the dashboard.

How To Install EA

After completing the download in your computer or laptop you have to extract the file using WinZip software. Please check How do I Install an Expert Advisor on MT4 article or check the following video.


Verified Performance