Gold Wick Structure
- Experts
- Version: 1.0
- Activations: 5
The GOLD Wick Structure EA is an automated trading robot designed for XAU/USD (Gold) on the 5-minute chart. It identifies potential buy and sell setups based on wick-based price action principles, analyzing candle wicks relative to surrounding price action to detect extreme reversals. The strategy has been tested on historical Gold data under various market conditions.
Key Features
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Candle Wick Strategy: Trades are triggered based on the percentage of top and bottom wicks, capturing potential reversal setups.
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Adaptive Risk Management: Adjustable Risk % per trade, with automatic lot calculation based on stop loss distance.
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Break-Even Functionality: Moves stop loss to break-even plus configurable points once 50% of the target is reached.
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Time & Date Filters: Control trading by hour, weekday, and month; filters apply only to new entries.
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Trade Management: Open positions are always managed; trades opened by this EA are automatically monitored.
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Optimized for 5-Minute Gold Chart: Parameters were tested on historical data to refine trading logic.
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Safe Trade Handling: Only manages trades opened by this EA, allowing it to run alongside other EAs or manual trades.
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Configurable Inputs: All key parameters (risk, stop loss, take profit, wick percentages, lookback candles) are adjustable.
Back-tests & Performance
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Historical testing across multiple market conditions.
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Configurable risk allows adaptation to account size and risk tolerance.
Why Choose Wick Structure Extreme Signal EA
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Fully automated; operates based on the configured inputs.
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Works with MT5 standard tools; no external DLLs or neural networks required.
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Provides flexibility for traders who want a wick-based strategy on Gold with control over risk and timing.
Recommended Settings
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Chart: XAU/USD, 5-minute
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Risk: 5–15% per trade (adjustable)
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Trading Hours: Configurable via inputs
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Stop Loss / Take Profit: Configurable to match account size
