Candle wick Hunter - Advanced Precision Wick Trading EA (Fully Featured)
Professional Wick Reversal Strategy with Scalping Features
What it does:
Targets high-probability wick reversal setups on XAUUSD, Oil, Forex, Crypto and indices
Flexible entry modes: Fixed pip wicks or % of candle size
Advanced scalping features: Trailing stops, breakeven, quick partial closes
Smart risk management: Fixed lots or % risk per trade
Optional ATR-based dynamic stops or fixed SL/TP
Key Features:
Works on current/closed candle
Inverse trading mode available
OCO (One-Cancels-Other) logic
Max trade duration limit
Why This Works:
The EA exploits the market's tendency to reverse after exaggerated wicks - a proven concept especially effective in all markets.
The scalping features lock in profits quickly while letting winners run.
Advanced Wick Trading Guide
The EA specializes in wick reversal trading, a powerful price action strategy that identifies exhaustion points in the market. Below is a detailed breakdown of how the wick-based entry and exit system works.
Understanding Wick Entries
The EA scans candle wicks (shadows) to detect potential reversals. You can configure it in two ways:
(A) Wick Measurement Mode
WICK_PIPS – Measures wick size in fixed pips.
Example: If UpperWickMinPercent = 30 , the EA looks for upper wicks ≥ 30 pips.
WICK_PERCENT – Measures wick relative to candle size (recommended for gold).
Example: If UpperWickMinPercent = 38 , the upper wick must be ≥ 38% of the total candle range.
(B) Key Entry Parameters
Recommended Setting (Gold)
UpperWickMinPercent Minimum upper wick size (for sell signals) 35-45%
LowerWickMinPercent Minimum lower wick size (for buy signals) 35-45%
WickToBodyRatio Wick must be X times larger than candle body 1.8-2.5
MinCandleRangePips Filters small candles (avoid noise) 5-10 pips (XAUUSD)
Example (Buy Signal):
Candle range: 15 pips
Lower wick: 7 pips (46% of candle → triggers if LowerWickMinPercent = 35 )
Body size: 3 pips
If WickToBodyRatio = 2.0 , the wick (7 pips) must be ≥ 2x the body (3 pips = 6 pips minimum) → Valid buy signal
2. Exit Strategies Based on Wicks
The EA can close trades early if opposing wicks form (optional).
(A) Wick Exit Rules ( UseWickExits = true )
ExitWickRatio – Opposite wick must be X times larger than candle body.
MinExitWickPercent – Opposite wick must be ≥ X% of candle range.
Example (Closing a Buy Trade):
You’re in a buy trade, and a new candle forms: Upper wick: 6 pips
Candle body: 2 pips
If ExitWickRatio = 1.8 , the wick (6 pips) must be ≥ 1.8x body (3.6 pips) → Triggers exit
3. Advanced Wick Filtering (ATR & Timeframes)
To avoid false signals:
UseATRFilter = true – Adjusts stops based on volatility.
ATRPeriod = 14 (Standard setting)
ATRMultiplierSL = 1.5 (Tighter stops)
ATRMultiplierTP = 3.0 (Letting winners run)
ATR Timeframe = PERIOD_H1 – Checks volatility on higher timeframe for stability.
4. Best Settings
WickMeasurement WICK_PERCENT More reliable for gold
UpperWickMinPercent 38 Big upper wicks = sell signal
LowerWickMinPercent 35 Big lower wicks = buy signal
WickToBodyRatio 2.0 Confirms strong rejection
UseWickExits "true" Early profit on reversals
MinCandleRangePips 5.0 Avoid small candles
5. Pro Tips for Wick Trading
Best Timeframes: M15, H1 (works on M5 but higher risk)
Best Sessions: London & NY overlap (high liquidity)
Avoid News: Major economic events cause erratic wicks
Combine with ATR: Reduces false signals in low volatility
Final Notes
Candle Wick Hunter is designed to trade wick reversals mechanically, removing emotional decisions.
The key to success is:
Proper wick sizing (adjust Upper/LowerWickMinPercent for your market).
Using ATR for dynamic stops (prevents being stopped out too early).
Letting winners run with trailing stops ( UseTrailingStop = true ).
For maximum performance, test in a demo first with XAUUSD M15/H1.
Bug report
Given the complexity of this EA. Some bugs may not have been discovered yet.
If you think you've found a bug in Candle wick Hunter
Do not rush the process.
If for any reason you do not like the purchased program, you can request a refund within 30 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.
Simply send a request for refund or exchange with your order number by email: support@fx-market.pro.
Refund requests received more than 30 days after purchase will be rejected.