Multi-degree ZigZag
The swing threshold scales with ATR at each of the five degrees, so Primary and Minuette live on the same chart without redrawing the structure by hand.
FxMath Elliott Wave Pro · v2.0
The Elliott count, drawn on your MT5 chart in two seconds.
Five degrees, 13 rule-checked structures, ranked alternatives, the invalidation level and a complete trade plan — computed from your own MetaTrader 5 terminal. Not a screenshot, not a signal group, not an indicator that redraws itself every hour.
Windows · Linux via Wine
One-time payment
No subscription
Your terminal, your data
21Timeframes
5Degrees
13Structures
3Hard rules
~2sTo a count
What it does
Everything the count needs, on one screen
The engine and the drawing are the same thing: every label, level and target is derived from the pivots you can see, so the plan can never disagree with the chart.
Rules, not opinions
R1, R2 and R3 are enforced before a count is shown: wave 2 never retraces 100 %, wave 3 is never the shortest, wave 4 never enters wave 1 territory.
Alternatives, ranked
Six readings of the same pivots, scored on rule compliance, Fibonacci proportionality and recency — so you can see what happens if the market disagrees.
Invalidation first
Every count carries the price that voids it. It becomes the stop, and it is the only line that decides whether the idea is still alive.
Fibonacci thrusts
TP1 and TP2 from the wave-1 and wave-3 projections, with reward-to-risk and position size from your risk percentage.
Research built in
Multi-pair scanner, H1/H4/D1/W1 confluence, walk-forward backtest, journal, alerts and a shareable report image.
The screens
What you actually look at
A count you can argue with
Degrees are labelled with the notation you already use — [1]…[5], (1)…(5), 1…5, i…v. The structure is checked against the three rules before it is drawn, and the wave ratios are printed beside it.
- Confirmed pivots are solid; the forming leg is provisional
- Wave ratios and rule status in plain text
- Decompose into the next degree with one key
The plan, not just the picture
Bias, entry, invalidation stop, TP1 and TP2, reward-to-risk, position size for your account. If the plan is poor, it says so: late wave-5 entries are flagged instead of being dressed up as opportunities.
- Stop = the count's invalidation, never a guess
- Lots from risk % and the symbol's tick value
- Optional execution, breakeven and trailing as a % of the TP distance
Research that uses the same engine
Scan a basket across timeframes, check whether H1 agrees with D1, replay the rules walk-forward without look-ahead, then keep a journal of what you planned and what happened.
- Scanner with sortable scores and custom bar windows
- Confluence across H1 / H4 / D1 / W1
- Backtest with the same code path as the live chart
Your own lines, next to the engine's
Automatic counts do not replace your work. Trendlines, parallel channels, Fibonacci retracements and labels live on the same chart, and one key wraps the active count in an auto channel. Every drawing is saved per pair and timeframe.
- Trendline, channel, retracement and label — one key each
- Auto channel around the active count (G)
- HTF ghost: the next timeframe up, as a dashed overlay
The honest comparison
Why not just a ZigZag indicator?
Because a line is not a count. Here is what changes when the rules, the degrees and the alternatives are part of the same engine.
| Free ZigZag / wave indicator | Counting by hand | Elliott Wave Pro | |
|---|---|---|---|
| Degree separation | One, sometimes two | Subjective | Five, ATR-adaptive |
| Rule checks (R1/R2/R3) | Rarely enforced | When you remember | Enforced before drawing |
| Alternative counts | None | In your head | Six, scored and ranked |
| Invalidation level | No | By eye | On every count |
| Targets & position size | No | Separate spreadsheet | TP1/TP2, R:R, lots |
| Time to a full reading | — | 20–40 minutes | About two seconds |
| Works on your broker's feed | Usually | Yes | Yes — same terminal |
| Cost | Free | Free, plus your evening | $199 once |
Comparison describes the general category, not any specific product. Figures are the ones the app reports for its own runs.
Getting started
Three steps, no EA
Connect your terminal
The app finds the MetaTrader 5 terminals installed on the machine and asks which one to use. Your broker, your login, your symbols — nothing is uploaded anywhere.
Pick a pair and a timeframe
21 timeframes, any symbol the broker offers, and a custom bar window when a scan needs more history than the default.
Read the count
The active structure, the alternatives, the invalidation and the plan appear together. If nothing qualifies, it says so instead of inventing a count.
Pricing
One licence. One payment. Yours.
No subscription, no seat rentals, no “pro” tier that unlocks the rules that should have been there in the first place.
$199
one-time · lifetime licence
FxMath Elliott Wave Pro 2.0 is designed for Windows; Linux and other platforms run it through Wine · paid in crypto, no card needed.
- Five degrees with the ATR-adaptive ZigZag
- 13 structures incl. diagonals, triangles, WXY / WXYXZ, diametric
- 21 timeframes, M1 to MN, custom bar windows
- Ranked alternatives, invalidation, TP1/TP2, position size
- Scanner, confluence, backtest, journal and alerts
- Drawings, alerts and saved workspaces
- Full manual and all 2.x updates
- Licence locked to one machine, moved free if you change hardware
Crypto payment only for now — the checkout page shows the accepted coins and the address. The download link and your licence arrive by email once the payment confirms, usually within minutes. Questions before you buy? Ask anything first — [email protected] or Telegram.
Crypto checkout·No card needed·Receipt by email
Already own a FxMath tool? Write to support and ask about the existing-customer price.
Questions
Answered before you ask
Does the count repaint?
Confirmed pivots do not move when new bars arrive. The last leg is provisional until the reversal threshold confirms it, and the active count switches when price breaks its invalidation — that is the rule engine working, not history being rewritten. Every switch is visible in the alternatives panel, with the count that replaced it and the score it carried.
Which platforms does it run on?
The app is designed for Windows and runs natively against any MetaTrader 5 terminal. On Linux and other platforms it runs through Wine, using the MT5 terminal already installed in that Wine prefix — the MetaTrader 5 Python API is Windows-only, so Wine is the bridge, not a different data source.
Do I need an EA, a VPS or a data subscription?
No. No MQL5 expert advisor, no virtual server, no paid feed. The app reads bars straight from the terminal on your machine. The terminal has to be running and logged in for live data; if it is closed, the app falls back to the sample series that ship with it.
Does it place trades for me?
It can, and it is off by default. You get the plan first — bias, invalidation stop, TP1/TP2, reward-to-risk and size. Execution, breakeven and trailing stops (as a percentage of the TP distance) are opt-in, live trading sits behind a second switch, and the demo account is the place to try them.
How do I pay, and when do I get the app?
Crypto only at the moment: the checkout page on fxmath.com shows the accepted coins, the address and the amount, and confirms the order when the transaction is seen. Your download link and licence key are emailed to the address on the order — normally within minutes, and always within a few hours if the network is busy. Keep the order email: it is your licence. If nothing arrives, message @FxMath with the transaction id.
Which instruments and timeframes?
Any symbol the broker offers — FX, metals, indices, crypto, energies — on all 21 of the terminal's timeframes, from M1 to MN. Scans and research can use custom bar windows such as 3 000 or 5 000 bars.
How does the machine lock work?
The licence is tied to one machine. Replace the hardware and the licence is moved for free: send the order number and the new machine id to support.
What about updates?
All 2.x updates are included for the lifetime of the licence. The manual on this site is the document that ships inside the app, so it always matches the build you are running.