Техническое задание
Ladies and gentlemen, this is Jojo, the Forex prophet, and um, Today we are talking about something very exciting, something so sentimental to me, um. Which is what we call the MWR strategy. So, Since we are now doing this on our LMS and everything, I think the word strategy now becomes too small for us to use. So, let's call this the MWR. Of course. We are about to make money, my people. So this is a strategy that I'm assuming you're getting because you've tried this, it didn't work, you've tried that, it didn't work. You know, you, you, you, you're failing to find your edge in the Forex market, you're failing to find something that works, you're failing to find something that you can rely on. So worry not, this course is here for you and I'm going to assume that you know the patterns that we need here. What do I mean by, you know, of course, I'm going to mention them, but in terms of learning them in detail, we've spoken about it in the introduction to Forex. I'm hoping you did that course. If not, please stop right here, or get yourself that course. Now, MWR is the Namsa We have Um W A What does this stand for? Let me close that for you. When we talk about MWR, um, When we talk about MWR we are saying we have the M, we have the W, we have the R. These are the three key things that we're going to have to worry about. These are the 3 key things that you are going to need to know and master from the back of your head. So, we all know this is a double top. This is a double bottom. RA in this case stands for support and resistance, in other words, stop loss and take profit. So what are we saying? We are saying the golden rule of MWRA is no M. No sir. No, um No sir. No. No Bye. If we don't reach either support or resistance, then there is no stop loss. There's no stop loss. Or take profit. So what are we saying? We are saying as you master this. Way of trading. You're going to understand that if there is no M, you're not supposed to sell. If there is no W, you're not supposed to buy. If there is no support or resistance, then you're not supposed to put your stock loss, take profit. So this is going to be. A very good package for you to be able to understand the market. So now, as we go back to talking about our MWR. In that order. We have these 3 types of M's. The textbook. We have this. I'm hoping you can see the difference between this M and that M. We have this M. If you take a close look at this. You're going to find out, uh, you're going to notice actually. Something interesting. This is an M, this is an M, this is an M. But because this Forex trading, we're not worried about the handwriting. We are worried about what it means. So now, if we are to put some markings or a line that touches our two tops on our M's, in other words, we are saying we need a line that's going to touch that top like it did there and touch that one again. So what does it tell us? It tells us that the market is going to go up, reach that. Resistance, go down, go up, go down. So now we all know as the market is forming another, as it, as it is turning there, it's forming another. Area of interest, which is what becomes what we call the support level in that scenario. And then obviously, we then say when the market then breaks out of that neckline, let's go hard. What is that neckline? That neckline is our minor support that we have on that pattern. But if we are to draw our trend line like that, we have straight things. I don't know if you, you, you're following what I mean. And then we have this type of an M whereby the left top is lower than the Uh, right top, such that if you are to draw your trend line and touch two tops, it's going to give you a line that is sort of like slanting facing upwards. What does it mean when we get a trend line that is going up? Obviously, we are saying if we are to draw the bottom one as well, it's going to be giving us a channel like that also. So yes, it's an M. But it's not the kind of a I would want to go hard on. I don't know if you're following what I mean. Now, then there is this M whereby the left top is higher than the right top. If we are to draw our trend line, it's going to face down like that. If we were to draw another one, probably you still have a very short channel. But here is how I love to look at it. I love to look at it in such a manner that this is how my aim was operating or behaving, and then it did that. Now, that retracement to me is not just a retracement, but It's showing me a sign. Sign of what? Sign of a very serious bearish momentum and as we know. Flag patterns, what do they resemble? They resemble. Uh, continuation. So we are saying now the market is going to continue dropping down in a way that has some momentum. What do we mean by momentum? We're talking about those extremely longer candlesticks than average, whereby we are going to shoot down, comrades. Why are we shooting down? Because we are breaking out of that flag. So this is the type of M that I want you to look for whenever you are going to be analyzing the market using strategy, MWR. Now, why do you need to know this? Because we say no M, no sense. So it's only wise for you to enter M patents that are guaranteed of paying you. We know nothing is a guarantee in the market, but with MWR we are closer to today, my friend. Now. We have the W pattern. Similar to that one. We have the normal w. We have the crazier W. And then we have the extremely beautiful W. What are we looking at? Like we said there, normal movement. Like we said there, now this is the opposite. Our shoulder, our left shoulder is higher than the right shoulder. So if we are to draw a trend line there, our line is going to be facing down. Meaning, yes, in as much as it's a call to buy, buy with caution. Then you have this one whereby the left shoulder is lower than the right shoulder. If you are to draw your trend line, you're going to have something like that. Going all the way up. So you see such a W, what are you supposed to do? You're supposed to kill it. Right We move To areas of interest. Probably our market had given us, uh, such a W, the one that we want to tread. And then as we were going up, there was some resistance from the past. Starting from the past, you know. As long as where we are going, we do not reach a resistance level on our buy, do not jump out of that trap. Jump only when we hit our resistance. If we are to stop loss, stop loss only if we hit our support line, that is if we are on a buy. If you are on a sell, take profit only if we reach our support that we are looking at, but if it retests and goes back to resistance. Call it quits. Now, you need to know these patterns as I've just said them to you. Why? Because we are going to use them hand in hand with our indicators, the relative strength index, RSI 14. We are going to use it hand in hand with our Bollinger band. Period 25, we are going to use our ER. This is exponential moving average, we are going to have 200. So, ladies and gentlemen, uh, our strategy is going to consist of what you see here. Now, I'm going to shift the area of interest for you. Now, I want you to focus. On the screen that I'm now sharing. Right, so now we are on our screen, ladies and gentlemen. If you had any indicators on your chart, please clear them out, all of them. We do not need them at this point. You're going to set indicators the way I give them to you right now. So first of all, we're going to click on that F. If you see uh there's H4, there's that plus, there's F and those shapes. So we want that function, that F. Right. We see main window like that. We want relative strength index, that is the first indicator that we are going to set. What's our period on our RSI? We were 14. Apply to clause, and then we are going to put levels 1050. OK, yeah, I want level 10. 20 50 18. 90. And then level 10 is MW are a by narration on description, whether you're on Android or whatsoever, you can put this. And then 20 is just by. And then uh 50 is tech profit. A is cell. Nainte is MW Ara. So. Like that. And then the color. Obviously, I want the color of my charts, whereas in this case. My charts are white, so I'm gonna say that and say plus and say, you know. Done like that. So now what has changed on my chart, if you look, I now have this. Uh, level or this area that has the candlesticks, and then now I have this area at the bottom here. Where it's just uh the other SI that is playing. The idea is to have The framework of the relative strength index with those levels that you see here, MWR by, by tech profit sell, MWR sell. Right, now let me delete this shape. We don't need it anymore. Now, you understand we have the main chart and the indicator window. Main chart is the chart that is showing us the candlesticks, whereas uh the indicator window is the window that is the relative strength index. So if you check on our foundation of the RSI we have level 1020, 50, 8, and 90, and they have narration, MWR by, by tech profit cell and MWR cell. Now let's proceed to setting this up. Relative, uh, we're going to go to the indicator window, as you can see, we click on plus on indicator window. What's the next moving, uh, the next indicator that we want, we want the moving average. Moving average, we're going to set period 200. And then method, it's exponential. There's a difference, if you can see we have simple, exponential smooth linear weighted. I'm going to make this your homework. Go and find out why we are choosing exponential. And then apply to median price HL2. Also, there are a lot of options. Like that. But we want medium price HL2 and the color there is black. And please, If Your background is, you can see my background is white, right? If your background is. Black, please make sure this moving average is white. And also, if your background is black, please make sure on this relative uh strength index on the color, I selected white, you're supposed to select black. So you select the color of your background. But on Your moving average, the color is black. If your background is white, the color is white if your background is black. Now, I'll move on to the next indicator. Still on indicator window one. Plus, moving average. Sorry, I've added moving average. I want the Bollinger band this time around. So when Bollinger band period is going to be 25, uh shift is 0, deviation is 0.035. Apply to close. And then the color that you're going to choose for me there is purple. And you say done, and then. Now, if you look at our charts, there are a lot of things that are changing. We now have two lines on our indicator window, which is the Bollinger band and the exponential moving average 200. For the sake of saving time and energy, we are going to call it the Emma 200. Now, we go to F again at the top. This time around, we go to main window. That's where we click plus on main window. We want the Bollinger band and the moving. Average. So we're going to start with Bollinger Band. It still has the settings from the previous, um, still has the settings from the previous movement. Uh, sorry, I'm used to movements. It still has the settings from the previous setting we did for the indicator window. So we're just going to click, tick or done because we don't want to change anything. We want it to come back up the way it is right now. Now, after adding it to the main chart, you're gonna click F again. On the main window, that's where you click plus again. Moving over, we don't want to change anything again. Like that. Now, What are we saying about this strategy? First of all, this is how you should zoom your levels. This is how your levels should be when you zoom on your, on your charts, I mean. Yes, you can see green or red, but you shouldn't see the candlesticks full body. I want you to see them as lines. But now we pay attention. To the last part of these lines. So meaning there should be a gap between where the indicators are ending and where the price is. The same gap, we want it where? Here at the top. Right. Now, how do we analyze the market using this strategy? The indicator window is equally the same thing that are on the main chart. The only difference is the main chart has candlesticks. And the indicator window has the RSI. As well as my candlesticks, they are not there. So now, what are we looking for, for us to say let us trade this market. We are looking for points where, as you can see here where I'm currently highlighting. The black and the purple line. They haven't touched each other. We are interested in them crossing each other. We are interested in them giving us what we call a crossover. So in this case there is no cross, it means there's nothing current. But if there was something current and that something current was probably something like this, I've highlighted here, where there is a cross between the black line and the purple line and if we look at the point at which. Uh, this crossover happened. I've put it in the center there. Point where this, uh, crossover happened, look at the level. Level is 10. What is level 10 saying? Level 10 is saying MW Araba. So if it's MW Araba like this. We are supposed to take our buy. But before we take our buy, we are supposed to confirm what pattern is there. At the point of this crossover. Now, I'm going to highlight it for you. What pattern is there? You do not need prophet Hubert angel to come and tell you that this is a W and you're supposed to buy. So we said no buy, we said no W, no buy. In this case, the indicator window is giving us the entry point and the main chart is giving us the confirmation. So we uh, when we see the crossover, we have the first point to say, OK, we're likely to buy. Let's wait for a confirmation, come and check. Is there a W? Yes, there is a W. But before you take the W buy, before you take this buy, your candlesticks are supposed to be above this purple band. As you can see, our candlesticks are currently bullish and they're above the purple band. So yes, we take the buy. After taking the buy, the market is going to go up. As you can see there, it went up and then it rees down. That retracement is not supposed to chase you out of the market because we are saying after we cross over here in the indicator window, on the indicator window, the purple line or the black line, they're supposed to reach 50. What is 50 saying? 50 is saying, take profit. So in this case, our candlesticks retraced to the purple line, touched the purple line and then went up. Whenever candlesticks retrace and touch the purple line, expect two things to either bounce on purple and go up or break purple and continue to go down. That is if we are on a retracement to sell. If we were selling And the market all of a sudden decides to retrace and go back up. As it is going up, we have to wait for it to bounce on the purple line to see is it going to hit the purple line and fall, or is it going to hit the purple line and break it and continue to go up. So the purple line acts as a resistance if we are on air. Uh, a sale. The purple line acts as a support if we are on a buy. So as we are on a sale, we are going down. Obviously, the, uh, boninger band is going to be higher. In this case, if you look at this, still beaming for you. Right at this point, we are falling, we are going down, and the purple line is above our candlesticks. So for as long as it's like that, we are safe in that cell. Why? Because the market is going to come back up and bounce on the purple again and fall. Now there is something that I want you to pay attention to, which is a cross between the black and purple on the main chart, because they do not cross at the same time, the black and purple on men and the black and purple on indicator window, they cross at different times. But when you then see this cross happening here like that, We call this the lock. You know, lock, I don't know if you understand what do you call the padlock kumba when you where you stay, we call it the lock where we are from. So we are saying the market. Uh, after, there's this cross, the market is confirming that this is a no return zone. That's why you see that the market then went up, if the purple went up, hit the purple, went up, the purple, went up, hit the purple, went up. You get it? Why? Because of this cross. This is what's determining if we are staying in this market or not. But then again, look at that. We had a point here. OK, let's start with the main chart. With the indicator window. MW Arabi as you can see that crossover. Now that's the. Entry that we're being given by this market. What do we need? Confirmation. Confirmation is coming from here. Candlesticks are above the purple line, and we have a W, like I said, a W whereby the right shoulder is higher than the left shoulder, we are not stopping. At the same time, the purple line bounced on the black line. This bounce is equally the same as a crossover. It works the same. We went up, bounced on paper, up, bounced on paper, up, bounced on paper. And if you can see something interesting along the way, there was a flag pattern there. What is the flag pattern coming to tell you? It's coming to confirm to whatever the strategy is telling you, it's very correct. That's why we have that flat somewhere like that and then we keep going up again, see. We went up. Imagine you holding for all that movement, uh, bro, that's a lot of money. But then, obviously, ideally, according to the strategy, you would have closed somewhere when the market got. Um, yeah. When the market got somewhere here on level 50 where it says take profit. So that's all for a buy on MWRA and then as for a sell. Something like that cross over there. That's MWRSL. But now we need the confirmation. Where do we find the confirmation right above it. Are we below the candle, the, the, the purple band? Yes, we are below. Is there an M? Yes, the M is right here, the one where we say if the left shoulder is lower. Uh, if the left shoulder is higher than the right shoulder, then we are bound to fall down. Now as we are going down, that purple and black then crossed each other. Like I said before, that this is a confirmation that we cannot drop. And this is pain, mind you. Imagine all those spikes. So comrades, um, this is what MWR is all about. But as for the time frames to use, when you're catching spikes, you can use M1. But only use M1 if you see patterns on M15. Even on FX Vol whatsoever, you want to trade MWR use 15 minutes to find the buyers, as you can see, we've seen a W they even the Bollinger bands are actually drawing the W for you to tell you that there's a buy. So whoever is on this buy is chopping. I think I might just give the signal for people to buy this right now from this class, but nonetheless, you understand how our strategy works. If you have any questions, please feel free to directly call Father Abraham on 0785396832, and I'm going to assist you on anything that you need help with. Thank you.
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