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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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.