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MetaTrader 5

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Candle Wick Hunter Pro

candle-wick-hunter-logo-200x200-7847
199 $149 $

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Information

Experts
MetaTrader 5
Jason Smith
6.9
5

Overview

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.

  1. Write a precise description of the context.
  2. Write a description of the error as precise as possible.
  3. Attach the logs of the expert tab for the corresponding date.
  4. Attach the logs from the log tab for the corresponding date.


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