Dax MW Pattern Trader
- Experts
- Abdelkarim Elbouhali
- Versione: 5.2
- Attivazioni: 10
Automated M-Wave and W-Wave Pattern Recognition Trading for DAX (German Index)
MW Pattern Pro is a high-precision automated trading system for MetaTrader 4 that identifies and trades high-probability harmonic-style "M" and "W" patterns. Unlike standard indicators, this EA combines geometric price action with strict risk management controls, including daily drawdown protection and monthly profit targets.
Key Features:
- Smart Pattern Detection: Automatically identifies "M" (Bearish) and "W" (Bullish) formations based on customizable leg lengths.
- Daily Protection: Built-in "Daily Loss" circuit breaker to protect your capital from market volatility.
- Profit Goal Automation: Set daily and monthly percentage targets; the EA will automatically close trades and pause once your goal is reached.
- Institutional Time Filter: Trade only during high-liquidity hours (e.g., London or New York sessions) to avoid "fake-out" movements.
- Opposite Signal Exit: Option to close existing trades if a counter-pattern emerges, maximizing profit retention.
Input Parameters Explained
1. Core Trading Settings
- TradeMode: Choose your direction.
- Both: Trades both M and W patterns.
- BuyOnly: Only trades Bullish "W" patterns.
- SellOnly: Only trades Bearish "M" patterns.
- LotSize: The fixed volume for every trade (e.g., 0.10).
- MagicNumber: A unique ID for the EA to manage its own trades without interfering with other EAs or manual trades.
- CloseByOpposite: If true, the EA will close a Buy trade immediately if a Sell signal (M-Pattern) appears, and vice-versa.
2. Pattern Recognition (The Strategy)
- Min_XA_Bars / Min_AB_Bars / Min_BC_Bars: These define the "geometry" of the pattern. They set the minimum number of candles required for each "leg" of the M or W. Higher numbers result in fewer but more reliable signals.
- Lookback: How many candles the EA scans in history to find a pattern.
- TP_Ratio: Your Take Profit multiplier. If the risk is 20 pips and ratio is 1.5, the TP will be 30 pips.
3. Risk & Account Management (The Safety)
- DailyLoss (%): The maximum percentage of your account you are willing to lose in a single day. If reached, all trades close and the EA stops until the next day. (0 = Disabled).
- DailyProfit (%): Your daily "Target." Once the account grows by this percentage, the EA secures the profit and stops for the day. (0 = Disabled).
- Use_Month_Profit: Toggle the monthly target feature on or off.
- Month_Profit_Perc: The percentage goal for the entire month. Great for consistent "Prop Firm" style trading.
4. Time Filter
- StartHour: The hour the EA should begin looking for trades (e.g., 9 for the London Open).
- EndHour: The hour the EA should stop looking for new trades (e.g., 18). It will still manage existing trades after this hour.
Technical Specifications
- Platform: MetaTrader 4 (MT4)
- Timeframe: Recommended M5
- Setup: Simply drag onto a chart, adjust your risk %, and let the algorithm work.

