Dax MW Pattern Trader

Dax MW Pattern Trader

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.