John Wick Price Action Long Wick MT4

? Reversal Price Action Strategy: Long Wick

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? 1. Long Wick Reversal Candle Signal

This EA strategy is based on long wick candlestick patterns—indicating strong market rejection or momentum shift:

• Buy Entry: Bullish candle with long lower wick + closes above EMA

• Sell Entry: Bearish candle with long upper wick + closes below EMA

? 2. Signal Filtering for Accuracy

• EMA Filter: Buy above EMA, Sell below EMA

• ADX Filter: No trade if ADX < 10 (low trend strength)

• Spread Control: Avoid trades during high spread conditions

• Distance from EMA: Avoid entries when price deviates significantly from EMA

? EA Core Features

1. Customizable Timeframes: Supports M1 to H4 with adjustable filters

2. Risk Management: Lot sizing based on equity, Max Drawdown control

3. Adjustable SL/TP: Supports dynamic Risk: Reward settings (e.g. 1:2, 1:3)

4. Trailing Stop System: Secures profits as the trend progresses

5. 24/7 Automation: No screen monitoring required, ideal for passive trading

? Recommended Setup

• Platform: MetaTrader 4/5 (MT5 preferred)

• Timeframe: M30, 6 set files avilable for M1, M5, M15, M30, H1 and H4

• Currency Pair: XAUUSD (Gold vs USD)

• Minimum Capital: $100 (>$1,000 recommended)

• Broker: Reliable with low spread

✅ Strengths & ❗ Limitations

✅ Strengths:

• Over 65-93% win rate

• Drawdown < 3% on $10k capital

• $8,600 profit from $10k in long-term backtest

❗ Limitations:

• Lower trade frequency due to strict long wick pattern criteria

⚙️ EA Parameter Overview

Core Strategy

• TimeFrame = 30M

• EMA_Period = 150

• Wick_Percent = 68

• Size_candle_1_pips = 110

• Size_candle_2_pips = 125

Signal Filters

• Spread = 25

• ADX_Period = 38

• ADX_Score = 10

• Distance_near_EMA = 6000

• Distance_far_EMA = 0

Risk Management

• Lot_Devided = 200,000

• SL = 2000 pips / TP = 1160 pips

• Trailing Stop = 770 pips, Step = 120, Start = 890

Advanced Options

• On_Recovery = false

• Consecutive_losses = 2

• Recovery_Lot = 2.0

? Lot Size Calculation Examples

• Capital $10,000 → 10,000 / 200,000 = 0.05 Lots

• Capital $1,000 → 1,000 / 100,000 = 0.01 Lots

• Capital $100 → 100 / 200,000 = 0.01 Lots (rounded up)