EA MW Pattern

Automated Gold Trading System (M5 Timeframe, 2 Decimal Points

This is an automated trading system designed to trade gold (XAUUSD) using the M5 (5-minute) timeframe. All prices are calculated using 2 decimal places. The system enters trades based on the detection of M and W chart patterns, with clearly defined entry, take profit (TP), and stop loss (SL) levels.

Entry Conditions:

  1. Buy Order:
    • Triggered when a W pattern is detected (bullish reversal signal).
    • Confirm the second low of the W is not lower than the first low.
    • Price breaks above the neckline (resistance level between the two lows).
  2. Sell Order:
    • Triggered when an M pattern is detected (bearish reversal signal).
    • Confirm the second high of the M is not higher than the first high.
    • Price breaks below the neckline (support level between the two highs).

  3. Other conditions 

    • All entries and exits use 2 decimal precision 
    • Trade only once per pattern confirmation.
    • No re-entry until a new valid M or W pattern is formed.
    • Optionally include a filter such as RSI or moving average to confirm trend.





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BUY 1 and GET 1 FREE - Promotion! Buy Forex Diamond EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2379493 Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results us
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