M W Scanner MT5

Overview of M W Scanner MT5

• The M W Scanner MT5 is a powerful indicator designed for identifying Double Top (M pattern) and Double Bottom (W pattern) reversal signals in the Forex market.
• It operates on all symbols and timeframes, scanning charts at the click of a button, making it user-friendly for both novice and experienced traders. 🎉
• Its key functionality includes displaying stop loss, take profit, and entry point levels using Fibonacci levels and candlestick checks for optimal trading decisions.

Main Features

• Detects common reversal trends: Double Tops and Bottoms.
• Supports scanning across all charts and multiple timeframes (M1, M5, M15, H1, D1, MN, etc.).
• Provides immediate alerts and push notifications based on preset conditions.
• No repainting feature ensures that the signals displayed do not change after they are given.
• Utilizes engulfing and breakout methods for enhanced trading accuracy.

Customization Options

• Input parameters for scanner settings include:
• Enable/disable scanning across all charts.
• Set the number of history candles to evaluate for signals.
• Customize display options for stop loss, take profits, and entry levels including fonts and colors.
• Adjust alert settings, including maximum candle periods for alerts and automatic rescan times.

User Experience

• M W Scanner MT5 has received positive feedback, boasting a high user rating of 5.0 as of August 2023.
• Users have praised its ease of use and the clarity of the alerts it provides, contributing to effective trading strategies.
• The feature to disable and enable alerts allows traders to operate at their preferred pace. 🕹️

Conclusion

• Ultimately, M W Scanner MT5 stands out as an efficient and reliable tool for traders seeking to capitalize on market reversals.
• With its plethora of features and user-friendly interface, this indicator empowers traders to make informed decisions and act swiftly on market signals.
• This tool represents a significant asset in any trader's toolkit, enhancing the capability to turn market insights into actionable strategies.