In the sphere of Forex Trading, various strategies have been developed to aid traders in making profitable decisions. One such strategy involves the use of the M & W Pattern, a tool specifically designed to optimize GBPUSD H1 Trades.

Functionality of the M & W Pattern

The M & W Pattern is essentially an advanced scanner that detects M and W patterns in forex charts. Its main function is to scan the most profitable pair using a statistical accuracy dashboard. The dashboard provides a percentage which reflects the frequency of instances where the price hits the Take Profit (TP1) before it reaches the Stop Loss (SL).

Accuracy Statistics and How They Work

The M & W Pattern Indicator is equipped with a unique feature, known as Accuracy 1. It calculates the number of times the price hits TP1 before reaching the Stop Loss, providing an accuracy percentage. This percentage is computed with the formula: Accuracy 1 = (Total TP1 Hit / Total signals). The indicator ensures that the scanned patterns are profitable and provides an avenue for traders to enter trades on signal arrow and exit at the TP and SL levels.

Compatibility and Usability of the M & W Pattern

The M & W Pattern is specifically designed to work with the GBPUSD H1 chart. However, its usability is not limited to this pair alone. For those interested in using this tool on other charts and pairs, there is a Pro Version available. The Pro version of the M&W Pattern is a non-repaint indicator and can be used with all symbols and time frames.

Independent Testing and Updates

For a more comprehensive understanding of this product, users can watch independent testing of the M & W Pattern on the forexroboteasy.com website. Subscribing to updates on the results of testing this product is also an option for users who wish to stay informed about the product’s performance.

Frequently Asked Questions (FAQ)

Does the M & W Pattern work on other forex pairs?

While the free version of the M & W Pattern is designed for the GBPUSD H1 chart, the Pro Version is compatible with all forex pairs and time frames.

What is the function of the Accuracy 1 feature?

The Accuracy 1 feature calculates the frequency at which the price hits TP1 before it reaches the Stop Loss, providing a percentage that guides traders in making profitable decisions.

How can I stay updated on the performance of the M & W Pattern?

Users can subscribe to updates on the results of product testing on the forexroboteasy.com website.

We invite readers to share their experiences of using this product. Remember, this is an independent product review. Your feedback could be invaluable for other traders in the Forex Market.