# Bodhi Elliott Wave Scalper M1

Automated Expert Advisor for detecting Elliott Wave impulse and corrective setups on M1 chart with fixed SL/TP targets.

Canonical: https://prismaticalgos.com/compendium/algo/404-bodhi-elliott-wave-scalper-m1
Record ID: 404
Catalog rank: 2473 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.mql5.com/en/market/product/180701
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: UNSIZED CLAIM: performance figures are published with no trade count, so the sample behind them cannot be judged.
Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: GBPUSD, NAS100, US30, XAUUSD, SP500, EURUSD, USDJPY, AUDUSD
- timeframes: M1
- sessions: London AM open 07:00-09:00 GMT, London AM mid 09:00-13:00 GMT
- market_regime: trending|ranging|volatile

## Indicators

- ZigZag: {"backstep": 2, "depth": 3, "deviation": 3}; applied to: close

## Recorded long-entry rules

- Wave 3 end of Wave 2 with 50-78.6% retracement of Wave 1
- Wave 5 end of Wave 4 with 38.2-61.8% retracement of Wave 3
- Wave C end of Wave B with 38.2-78.6% retracement of Wave A

## Recorded short-entry rules

- ...

## Recorded exit rules

- Fixed SL/TP execution with broker-agnostic distances

## Recorded filters

- Profit Factor > 1.0
- Spread < 1.5 pips on GBPUSD during London session

## Risk controls

- Stop loss: 10 pips for Forex, 80 points for NAS100, 15 points for US30, $2.50 for XAUUSD, $60 for SP500
- Take profit: 14 pips for Forex, 112 points for NAS100, 21 points for US30, $3.50 for XAUUSD, $84 for SP500
- Position sizing: 0.2% of equity per trade