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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Experts
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4.78 (9)
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2 (1)
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Experts
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Michela Russo
5 (9)
Experts
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Experts
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5 (2)
Experts
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2 (1)
Experts
Real monitoring :   XAUUSD M30 SL3 ,          XAUUSD M30 SL5 For more information, please contact us via private message or in  the mql5 group. THERE   ARE   ONLY  2   OUT   OF   10   COPIES   LEFT   AT   A   PRICE   OF  649   USD ! AFTER   THAT , THE   PRICE   WILL   BE   INCREASED   TO  920   USD . Imagine that you have an experienced trader who monitors the market every day, waits for the price to break through an important level, and instantly opens a deal. That's exactly what this advisor
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