Gold Wick Handler
- Experts
- Version: 1.0
- Activations: 5
Gold Wick Handler
Never Miss a Single Candle!
I’m offering this EA for just $50, giving traders an affordable opportunity to test this powerful money-making machine for themselves.
The EA is designed to monitor the Gold market continuously and act on trading opportunities without missing a single candle. You can test its performance, evaluate the results, and see how it performs under real market conditions.
Special Launch Price: Only $50 (Recommended for Gold Time 15m)
This is a limited-time introductory offer. After the first 10 purchases, the price will increase to $1,199.
Gold Wick Handler
Wick Rejection & Progressive Lot Management Expert Advisor for MetaTrader 5
Gold Wick Handler is an automated trading Expert Advisor for MetaTrader 5 designed to detect wick rejection and pullback behavior on the current candle. Instead of relying on traditional indicators, the EA watches the candle's high, low, open price, and live market price to identify when price pushes strongly in one direction and then pulls back.
When the required pullback distance is reached, the EA automatically opens a BUY or SELL trade in the direction of the pullback.
The EA also includes automatic lot growth, floating-profit trailing protection, a hard dollar-based loss limit, margin checking, and automatic candle-by-candle trade management.
How Gold Wick Handler Works
1. Watches the Current Candle
The EA continuously monitors the currently forming candle on the selected timeframe.
You can choose the timeframe through:
CandleTimeframe
The EA works with the symbol on the chart, making it suitable for instruments such as Gold and other supported trading symbols.
2. Detects Upper-Wick Rejection
If price moves upward and creates a significant upper wick, then pulls back downward by the configured number of points, the EA interprets this as a possible bearish rejection.
Example:
Price pushes upward → forms upper wick → price pulls back → SELL signal
The EA then opens a SELL position.
3. Detects Lower-Wick Rejection
If price moves downward and creates a significant lower wick, then price pulls back upward by the required distance, the EA interprets this as a possible bullish rejection.
Example:
Price pushes downward → forms lower wick → price pulls back → BUY signal
The EA then opens a BUY position.
4. Adjustable Wick Trigger
The required pullback distance is controlled by:
WickPoints
For example, if:
WickPoints = 150
the EA waits for approximately 150 points of pullback from the candle's wick extreme before triggering the trade.
This allows traders to make the strategy more or less sensitive.
Progressive Lot Management
One of the key features of Gold Wick Handler is its automatic lot-growth system.
The EA starts with the configured:
BaseLotSize
For example:
0.01 → 0.02 → 0.04 → 0.08 → 0.16
The lot size doubles after the EA reaches the configured amount of cumulative closed profit.
Example with:
Base Lot = 0.01
Profit Step = $500
The progression can be:
- $0–$499.99 cumulative profit → 0.01 lot
- $500–$999.99 → 0.02 lot
- $1,000–$1,499.99 → 0.04 lot
- $1,500–$1,999.99 → 0.08 lot
- $2,000+ → 0.16 lot
The maximum lot can optionally be restricted using MaxLotCap.
Dollar-Based Risk Management
The EA uses floating P/L in dollars to manage the active position.
For example, if the base settings are:
Stop Loss = $20
Trailing Start = $20
Trailing Step = $5
At the 0.01 base lot, these values are used directly.
When the lot size doubles, the dollar thresholds also scale proportionally.
For example:
0.01 lot
- Stop Loss = $20
- Trail Start = $20
- Trail Step = $5
0.02 lot
- Stop Loss = $40
- Trail Start = $40
- Trail Step = $10
0.04 lot
- Stop Loss = $80
- Trail Start = $80
- Trail Step = $20
This keeps the underlying price-distance relationship approximately consistent as the lot size increases.
Automatic Trailing Protection
Once the trade reaches the configured trailing-start profit, trailing protection becomes active.
For example:
Trail Start = $20
Trail Step = $5
If the position reaches:
+$20 → trailing activates
If profit subsequently rises to:
+$30 → peak profit becomes $30
If profit then falls to:
+$25
the EA closes the position because it has given back the configured $5 from the peak.
The same process continues as profit makes new highs.
Automatic Candle Close
Gold Wick Handler is designed to operate on a one-trade-per-candle basis.
When the current candle closes:
- Any remaining EA position is force-closed.
- The EA resets its candle state.
- The EA becomes ready for the next candle.
- A new wick signal can then be detected.
This prevents a trade from remaining open indefinitely across multiple candles.
