Forex Service Review

Just Waves FX Indicator Review

Just Waves can be found on the MQL5 marketplace and was created by Dmitriy Medvedev, it was first uploaded to the indicators section of the marketplace on the 13th of February 2015. It has had a number of updates since it was uploaded, the most most recent update was on the 16th of November 2018 and this brought the software up to version 1.3.


Just Waves is an indicator that was designed to be used with the MetaTrader 4 platform, its main purpose is to offer a technical analysis of the markets, it will do this using wave analysis. The indicator will offer an objective view of the waves within the markets and will help to uncover new trading opportunities. It will mark up the waves on different levels and create a graphic line within the chart that will indicate the beginning and ending points of the wave.


There are also a few settings that come with the indicator, these include the number of waves, the wave names, the Vline, the VLine name, to select and remove lines, the mode to use, and the colors used.

Service Cost

Just Waves can currently be purchased for $30, this is a one-time purchase that will allow you to activate the indicator up to 6 times, there are no other limitations. If you would prefer, there is an option to rent the indicator, this can be done on a yearly basis and will cost you $15 per year to rent.

A free demo version is also available, there is no information on the site detailing the limitations of the free version, this normally, means that it can only be sued with the strategy tester within the MetaTrader 4 trading platform.


There are three user reviews available, only one has left a rating which has given it an overall rating of 5 out of 5.

“I paid the rent for 1 month, the money was withdrawn, but nothing is downloaded and not installed” – No rating given, translated from Russian.

“Excellent !” – A 5-star review [Translated from Russian]

Jus the one rating which is positive, however, the other reviews were more based on the MQL5 website rather than the indicator itself. There are also a few comments, the developer has shown some good customer service as they have been replying to most of them, the most recent comment was from 2019 so it is hard to tell if it is still being supported, you could always contact them to double-check and to also check that the indicator will function how you need it to before you make a purchase or a rental.

This Forex Indicator is currently available in the MQL5 marketplace:


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