Wyckoffy Smart Wyckoff VSA Engine
- Experts
- Version: 1.1
- Activations: 10
Wyckoffy is a trading system designed for MetaTrader 5 that uses Wyckoff theory and Volume Spread Analysis (VSA) to identify institutional market movements. The program analyzes market structure and volume dynamics to detect phases of accumulation and distribution.
Main Advantages
The system focuses on market logic by identifying the activities of large market participants. It combines structural analysis with volume patterns to confirm price movements. The program includes several layers of protection, such as daily loss limits and volatility filters, to manage market risks.
Key Features
- Market Phase Detection: The program identifies different market stages including accumulation, markup, distribution, and markdown.
- Volume Spread Analysis: It uses VSA signals such as Up Climax, Spring, and No Demand to confirm entry and exit points.
- Institutional Risk Management: Includes dynamic position sizing based on account risk and circuit breakers for daily loss and profit targets.
- Execution Shield: Features stealth mode to manage virtual stop loss and take profit levels, along with slippage and spread filters.
- Multi-Timeframe Filtering: Uses higher timeframe analysis to ensure trades align with the broader market trend.
Input Parameters
Institutional Risk Management
- Use % Risk Position Sizing: Enable or disable dynamic lot calculation based on account risk.
- Risk % per Trade: The percentage of account balance to risk on a single position.
- Scale Risk down on Equity drop: Reduces risk settings if the account equity decreases.
- Fixed Lot: The lot size used if dynamic position sizing is disabled.
- Max Daily Loss %: A safety limit that stops trading if the daily loss reaches this percentage.
- Max Daily Profit %: A target limit that stops trading for the day once reached.
- Max Concurrent Positions: The maximum number of trades allowed to be open at the same time.
- Magic Number: A unique identifier for the program's trades.
Stealth & Execution
- Use Stealth Mode: Enable virtual stop loss and take profit levels to hide them from the market.
- Partial Close: Automatically closes half of the position when the first reward-to-risk target is met.
- Take Profit RR: The target reward-to-risk ratio for the final exit.
- Max Slippage: The maximum allowed price deviation for trade execution.
- Max Spread filter: Prevents opening trades when the market spread is too high.
Wyckoff & VSA Analytics
- Volume MA Period: The period used to calculate average volume.
- Smart Money Mult: A multiplier used to identify high volume relative to the average.
- Structural Lookback: The number of bars analyzed to define market ranges and phases.
- Trend Timeframe: The higher timeframe used for trend confirmation.
- Use ATR for SL: Enables Average True Range for calculating dynamic stop loss distances.
Institutional Filters
- Use Correlation Filter: Enables a secondary symbol check to confirm market direction.
- Start Hour (GMT): The hour when the program begins looking for new setups.
- End Hour (GMT): The hour when the program stops looking for new setups.
- Min Confidence Score: The minimum internal rating required for a signal to be executed.
Support and Updates
Support for this product is provided through the MQL5.com messaging system and the product comments section. Regular updates are released to ensure compatibility with platform changes and to improve analytical features.
