The Wyckoff Wizard EA is one of the most sophisticated EA's available to retail traders! We have spent countless hours developing the EA and spared no expense. The trading strategy the EA uses was developed by a team of professional traders and coded by a team of professional coders. This is what sets the Wyckoff Wizard EA apart from other EA's it was developed by a team of coders and professional traders instead of being developed by a single person.
How Does the EA Enter Trades?
The EA monitors multiple timeframes. M1,H4 and D1. The EA creates areas of interest for BUY and SELL positions on the higher timeframes(H4 and D1) when price trades into the Higher timeframe Area of Interest the EA will then monitor the M1 timeframe for divergences and breaks of structure. Once the EA has all of its confluence for a trade it will open a position.
How Does the EA manage Trades?
The EA has 3 take profit levels where it takes profits and closes a percentage of the total open volume. The EA also places trailing stops and moves your stop loss to break even automatically. The EA also has a stop loss function in place for traders wanting to run it on funded accounts. The EA has a smart dollar cost averaging system where the EA places additional trades at high probability reversal zones, this function greatly increases return and reduces drawdown on the account!
What Makes The EA Different and Better?
There are too many to mention but these are the best!
1.Multi-Chart Set up
The user can set the EA up on one chart and have it analyze and trade as many currencies and indices that the user would like it to
2. Theoretical Trade Function
This function is complex but very useful. The EA will take buy and sell trades theoretical and then manage the trade theoretically. For instance the EA receives a buy signal, when the function is active it will not market execute the signal. Instead it will take and manage the trade theoretically. When the theoretical buy signal is in a large loss EG 100 pips then the EA will execute a live buy signal. This function allows us to win live trades by losing theoretical trades. By the time we execute the trade live the market is exhausted and ready for a reversal allowing us to profit! Yes we big brained this EA
3.Hedging Function
The EA has currency pairs and their inversely correlated counterparts hardcoded into it. Why is this useful? If 2 currency pairs are inversely correlated it means that if 1 pairs goes up the other pair goes down. When the EA's hedging function is active it will hedge current open positions with their inversely correlated counterparts which greatly reduces your net exposure to the market!
What can the EA do for you?
Please message me on mql5.com or on Telegram @Charlie2202 for set files
The EA has been built to operate on low risk generating 10-20% a year however it can also comfortably generate 8-10% in a month with less than 5% draw down however if that was always the case this EA would not be available to retail customers and I would be sitting on a yacht in Monaco. With that being said the EA has passed multiple funding challenges and gives you an edge when taking them. FTMO has a pass rate of about 8% this means that if 100 traders take the FTMO challenge only 8 of them will pass and receive a funded account. With our back testing history we can comfortably say that the EA has a much higher probability of passing funding challenges than the average trader.
Enough about funding challenges. Lets get into the real reason why we developed the EA. We created the EA to create slow and steady returns over a long period of time, returning 1.5% a month compounded monthly generates an annual return of about 19.5% this outperforms the stock market, prime interest rates, inflation and most hedge funds. It is difficult to develop a long term outlook with finance as most of us are driven by instant gratification and this is why most traders and investors fail.
Disclaimer:
Past performance cannot guarantee future results. Please make yourself aware of the risks associated with trading financial instruments.
