ElliottWaveBot is an automated trading robot designed for the US500 index, utilizing Elliott Wave analysis to identify high-probability trade entries. It incorporates a smart EMA 200 filter to avoid trading against unfavorable trends, enhancing trade reliability. The bot features predefined stop loss and take profit levels for optimized risk management and is programmed to reduce trade frequency by selecting only the best trading opportunities.
Backtesting results over the period from July 2, 2024, to March 10, 2025, on a 30-minute timeframe show a net profit of +21% with an initial capital of €100. The maximum drawdown observed was controlled at 8.5% on balance and 9.31% on equity. The strategy is tested and proven using IC Markets.
ElliottWaveBot supports controlled risk while aiming for high returns on the US500 index. It is available under a single license purchase option. Users should consider the inherent risks of trading and evaluate their risk tolerance accordingly. Past performance is based on historical backtests and does not guarantee future results.