Wyckoff Price action MT5
Wyckoff Price action
Wyckoff price action is a fully automated Algorithmic Expert Advisor that analyzes the market trend , breakouts and moves orders based on stop hunting by Wyckoff trading strategy. It contains a smart algorithm to determine the hunting levels based on the latest market trends.
It does not use martingale, hedging or any other dangerous strategies.
Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.
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