EA MW Pattern

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.