Weis Waves

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Apr 15, 2024
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Introduction​

Ah, Weis Waves. Another volume-based indicator promising to revolutionize your trading experience. Developed by David Weis, this tool is a modern adaptation of the 1930s Wyckoff Method. But let's not get carried away. With a rating of 3.24 and user reviews that make you wonder if it even works, it's safe to say we're treading on thin ice here.

Installation and Setup​

First things first, let's get this thing installed. Download the Weis Waves indicator from forexroboteasy.com. Place the downloaded file in the Indicators folder of your MetaTrader 5 directory. Restart MT5 and navigate to the Navigator panel. Find Weis Waves under Custom Indicators and drag it onto your chart.

Now, let's talk settings:
  • Volume Threshold: Set this according to your trading instrument. Default is 100 ticks.
  • Bars to Load: Adjust based on your system's performance. Default is 1000 bars.
  • Volume Type: Choose between real volume and tick volume.
  • Wave Colors: Customize the colors for up waves, down waves, and new waves.

User Experience​

Let's be honest, the user reviews aren't exactly glowing. Complaints range from Not showing to One bar and an error message. If you're expecting a seamless experience, you might be in for a rude awakening. However, if you're willing to tinker with the settings and troubleshoot, you might just get it to work. Or not.

Tips for Improvement​

Given the mixed reviews, here are some tips to potentially improve your experience:
  • Double-check your MT5 installation and ensure it's up-to-date.
  • Experiment with different volume thresholds and bar settings.
  • Use the indicator on a demo account first to iron out any issues.
  • Regularly update the indicator and check for patches or fixes.

Source Code of Weis Waves​

We don't have the original source code of the Weis Waves robot sold on MQL5. However, based on its description, we've created a sample code that mimics its functionality. This is purely for educational purposes and should not be considered the original.

Code:
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Download Weis Waves Indicator

If you have any questions about the code, feel free to ask. Remember, this is a sample code created by the EASY Trading Team based on the description of the Weis Waves robot sold on MQL5. We do not sell the Weis Waves robot; we merely provide a code based on its description.

So, there you have it. Weis Waves, in all its questionable glory. Use it wisely, or maybe not at all. The choice is yours.
 

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