This indicator scans the M and W Forex Chart Patterns . The M and W patterns are two popular chart patterns in forex trading. These patterns are named after the shape they form on a price chart, which resembles the letters M and W. The M pattern is a bearish reversal pattern, while the W pattern is a bullish reversal pattern. Both patterns are formed by two swing highs and two swing lows, and they indicate a potential trend reversal in the opposite direction.
This Indicator is a free version of the MW Pattern Pro indicator . This version only works for GBPUSD H1 (1 Hour) . To use for all pairs and time frames , get the pro version on this link : Click Here to Get MW Pattern Pro
HOW THIS PRODUCT IS DIFFERENT FROM OTHER INDICATORS
We at Forex Robot Makers strive for high quality of the products we develop. Some features of this product stand out includes :
- Non-Repaint : All patterns are non repaint
- Non-Backpaint : All Patterns are non back paint
- Detailed Statistics Dashboard : The indicator comes with a detailed statistics dashboard with accurate values
- Accuracy Calculated : Patterns Accuracy are calculated correctly and displayed on dashboard
- Profit Calculated : Sometimes accuracy might not show true profit. This product also calculates Net Profit along with Accuracy.
HOW TO USE
The indicator can be used on any pair and time frame ( This Free Version Only works on GBPUSD H1) . We designed it to be as simple to use as possible .
With the statistics dashboard , you can manipulate the settings to see what works best for you. Just look at the best Accuracy and highest TP1 profit and TP2 Profit you can get !
SETTINGS / TRADING MANUAL
To get more detailed description of this product and how to use it , including explanation of the settings . Please go the MW Pattern Pro page to get any detailed explanation you need.
Good luck and Happy Trading !
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