Wolf Waves Scanner : A Deep Dive into Wolf Waves Scanner Forex Indicator MT4

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



20 People watching this product now!

Payment Methods:

payment methods

Instant Download

Lifetime Access

For seasoned forex traders, the quest for reliable trend reversal signals never ends. Enter the Wolf Waves Scanner Forex Indicator for MT4, a powerful tool designed to identify the elusive Wolfe Wave pattern and potentially illuminate lucrative entry and exit points. But before you unleash the Wolf on your charts, let’s delve into its intricacies and explore its potential to enhance your trading experience.

Demystifying the Wolf Waves Pattern

The Wolfe Wave pattern, developed by technician Bill Wolfe, is a five-wave price action formation that signifies a potential trend reversal. It reflects the ongoing battle between supply and demand, ultimately revealing areas where price may reach equilibrium and potentially reverse course.

Here’s a breakdown of the five waves:

  • Wave 1: A strong impulse wave that establishes the initial trend.
  • Wave 2: A corrective wave that retraces a portion of wave 1.
  • Wave 3: Another strong impulse wave, ideally exceeding the high of wave 1.
  • Wave 4: A corrective wave that retraces a specific portion of wave 3, often creating a mirror image of wave 2.
  • Wave 5: The final wave that breaks the trend established by wave 1 and wave 3, signaling a potential reversal.

Key Characteristics of a Valid Wolfe Wave:

  • Wave 1-3 Relationship: Wave 3 should ideally exceed the high of wave 1.
  • Equality of Waves 1 & 4: The length of wave 1 should be roughly equal to wave 4.
  • Wolfe Point: The intersection of the trendlines drawn from the end of wave 1 and the low of wave 4.
  • Breakout: Price action needs to break above/below the trendline connecting wave 1 and 3 for a valid reversal signal (buy for bullish, sell for bearish).

Unveiling the Wolf Waves Scanner: Functionality and Features

The Wolf Waves Scanner automates the arduous task of identifying Wolfe Wave patterns across multiple charts and timeframes within MT4. This eliminates the need for manual pattern recognition, saving you valuable time and potentially leading to more consistent trade opportunities.

Here’s a closer look at the scanner’s key functionalities:

  • Multi-Chart Scanning: Scans all open charts for Wolfe Wave formations with a single click.
  • Stop Loss & Take Profit Levels: Provides suggested stop loss and take profit levels based on Fibonacci retracements.
  • Entry Point Identification: Utilizes candlestick patterns to pinpoint optimal entry points within the Wolfe Wave.
  • Signal Alerts: Offers customizable alerts for newly identified Wolfe Wave patterns.
  • Statistical Dashboard (Optional): Certain paid versions provide a dashboard with historical pattern success rates.

Benefits of Utilizing the Wolf Waves Scanner:

  • Enhanced Pattern Identification: Automates the detection of Wolfe Wave patterns, saving traders time and effort.
  • Improved Efficiency: Allows traders to scan numerous charts simultaneously, maximizing potential opportunities.
  • Objective Signal Generation: Provides data-driven entry and exit points, reducing emotional trading decisions.
  • Backtesting Capabilities: Enables traders to test the scanner’s effectiveness on historical data.

Limitations of the Wolf Waves Scanner:

  • False Signals: No indicator is perfect, and the scanner may generate false signals occasionally.
  • Confirmation Bias: Overreliance on the scanner can lead to confirmation bias, neglecting other technical and fundamental factors.
  • Price Manipulation: The Wolfe Wave pattern, like other technical indicators, can be susceptible to manipulation by large market players.

Wolfe Waves Scanner vs. Manual Pattern Recognition: A Comparative Analysis

Feature Wolf Waves Scanner Manual Pattern Recognition
Time Efficiency Highly Efficient (Scans multiple charts) Time Consuming (Manual analysis)
Objectivity Reduces emotional bias Prone to confirmation bias
Skill Level Beginner-friendly Requires technical analysis skills
Cost Free or Paid Versions No Cost

Choosing the Right Wolf Waves Scanner:

There are both free and paid versions of the Wolf Waves Scanner available. Free versions typically offer basic functionality, while paid versions may include additional features like backtesting capabilities, statistical dashboards, and more advanced customization options.

Carefully consider your trading needs and budget when choosing a scanner.

Trading with the Wolf Waves Scanner: A Step-by-Step Guide

  1. Download and Install: Download and install the chosen Wolf Waves Scanner on your MT4 platform.
  2. Configure Settings: Familiarize yourself with the scanner’s settings and customize them to your preferences. This may involve adjusting alert parameters and visualization options.
  3. Scan for Opportunities: Run the scanner to identify potential Wolfe Wave patterns across your desired charts and timeframes.
  1. Analyze the Pattern: Don’t rely solely on the scanner’s output. Here’s a deeper look at analyzing the identified pattern:

    • Confirmation: Look for additional confirmation signals using other technical indicators like RSI or MACD to strengthen the Wolfe Wave pattern’s validity.
    • Price Action: Analyze the candlestick patterns within the Wolfe Wave to identify potential entry points. Look for bullish reversal patterns at the end of wave 4 for long entries and bearish reversal patterns for short entries.
    • Support & Resistance: Consider nearby support and resistance levels to refine potential entry and exit points. Price often finds confirmation or rejection at these levels.
  2. Risk Management: Implement a robust risk management strategy before entering any trade. This includes:

    • Stop-Loss: Set a stop-loss order below the Wolfe Point for long trades and above the Wolfe Point for short trades. This helps limit potential losses if the pattern fails.
    • Position Sizing: Allocate a reasonable portion of your capital to each trade, avoiding risking too much on a single setup.
  3. Trade Management: Once in a trade, actively manage your position:

    • Take Profit: Consider using a combination of take profit targets based on Fibonacci retracements and trailing stops to lock in profits.
    • Exit Strategy: Have a clear exit strategy in place if the price action deviates from the expected Wolfe Wave behavior.

Example: Trading a Bullish Wolfe Wave with Confirmation:

Imagine the Wolf Waves Scanner identifies a bullish Wolfe Wave pattern on a EUR/USD chart. Here’s how you might approach the trade:

* **Confirmation:**  The RSI indicator is nearing oversold territory, suggesting potential bullish momentum.
* **Entry:**  A bullish engulfing candlestick pattern emerges at the end of wave 4, indicating a potential buying opportunity.
* **Stop-Loss:**  Place a stop-loss order below the Wolfe Point.
* **Take Profit:**  Consider a take profit target based on the 61.8% Fibonacci retracement of wave 3 or use a trailing stop to capture additional profits.

Remember: This is just an example, and market conditions can change rapidly. Always conduct your own analysis before entering any trade.

Beyond the Scanner: Mastering the Wolfe Wave Pattern

While the Wolf Waves Scanner automates initial pattern detection, true mastery comes from understanding the underlying principles of the Wolfe Wave formation.

Here are some additional tips to refine your Wolfe Wave trading strategy:

  • Practice Pattern Recognition: Train your eye to identify Wolfe Wave patterns on charts without relying solely on the scanner. This will enhance your overall technical analysis skills.
  • Understand Market Context: Consider the broader market context when analyzing a Wolfe Wave pattern. Is the overall trend aligned with the reversal signal? Are there any fundamental factors influencing the market?
  • Backtest Your Strategy: Test your Wolfe Wave trading strategy on historical data using a demo account. This helps you evaluate its effectiveness and refine your entry and exit criteria.
  • Combine with Other Strategies: Don’t use the Wolfe Wave pattern in isolation. Combine it with other technical indicators and fundamental analysis for a more comprehensive trading approach.

FAQs about the Wolf Waves Scanner Forex Indicator MT4

1. Is the Wolf Waves Scanner a guaranteed profitable tool?

No indicator is foolproof. The scanner can generate false signals, and market manipulation can affect the Wolfe Wave pattern’s reliability. Always prioritize your own analysis and risk management.

2. Which version of the Wolf Waves Scanner should I use (free vs. paid)?

Free versions offer basic functionality, while paid versions may provide additional features. Beginners can start with a free version and upgrade based on their needs.

3. How often should I scan for Wolfe Wave patterns?

There’s no one-size-fits-all answer. Scan more frequently for shorter timeframes and less frequently for longer timeframes. Ultimately, balance scanning frequency with avoiding information overload.

4. Can the Wolf Waves Scanner be used on other asset classes besides forex?

While primarily designed for forex, the Wolfe Wave pattern can be applied to other markets like stocks and commodities. However, be mindful of potential differences in market behavior.

5. How do I learn more about the Wolfe Wave pattern?

Numerous online resources offer educational material on the Wolfe Wave pattern. Consider books, articles, and video tutorials from reputable sources.

6. Is the Wolf Waves Scanner compatible with all MT4 platforms?

Compatibility can vary depending on the scanner version and your MT4 broker. Check the scanner provider’s website for specific compatibility information.


The Wolf Waves Scanner can be a valuable tool for forex traders seeking to identify potential trend reversals through the Wolfe Wave pattern. It streamlines pattern recognition, saving time and potentially uncovering more trading opportunities. However, remember it’s just one piece of the puzzle.

By understanding the scanner’s limitations, implementing sound risk management practices, and combining the Wolfe Wave strategy with other technical analysis tools, you can potentially enhance your trading decisions.


There are no reviews yet.

Be the first to review “Wolf Waves Scanner : A Deep Dive into Wolf Waves Scanner Forex Indicator MT4”

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