Gold Wick Pro

Gold Wick Pro

15-Minute Wick Box Breakout Expert Advisor for Gold (XAUUSD)

Gold Wick Pro is a price-action based Expert Advisor designed specifically for Gold (XAUUSD) on the M15 timeframe.
It detects structured consolidation zones formed by wick activity and executes breakout trades using a disciplined, rule-based approach.

This EA is built for traders who prefer simple technical logic, controlled execution, and automated trade management without martingale, grid, or dangerous recovery systems.

Core Strategy Logic

Gold Wick Pro identifies a valid trading box using:

• Two-candle wick behavior

• Consolidation range filtering

• Breakout confirmation above or below the box boundaries

Once the market breaks the box structure, the EA enters in the breakout direction with predefined risk management.

Key Features

✅ Wick Box Detection (M15)

• Automatically scans recent candles for wick-based consolidation zones

• Filters box size using minimum and maximum range parameters

✅ Breakout Execution

• Buy trades when price breaks above the box high

• Sell trades when price breaks below the box low

✅ Built-in Trade Management

• Stop Loss placed at the opposite side of the box

• Take Profit calculated using R-multiple logic

• Automatic Break-Even protection after reaching the defined profit threshold

✅ One Trade Per Day Option

• Optional daily trade limit to reduce overtrading

• Helps maintain disciplined execution

✅ Flexible Lot Sizing Modes

Choose between:

• Fixed Lot Size

• Balance-Based Auto Lot (capped)

• Risk Percentage Lot Calculation

Recommended Settings

• Symbol: XAUUSD (Gold)

• Timeframe: M15

• Broker: Low spread, ECN recommended

• Minimum Deposit: Depends on lot size and risk mode

• Trading Style: Intraday breakout and swing continuation setups

Inputs Overview

Main user inputs include:

• Minimum and Maximum Box Range

• Lookback Candle Depth

• Break-Even Trigger Level

• Take Profit Multiplier (R-based)

• Lot Mode Selection

• Magic Number and Slippage Control

All inputs are fully adjustable for optimization.

Important Notes

• Gold Wick Pro is a technical breakout EA, not a scalping system

• It does not use martingale, grid, arbitrage, or high-risk recovery methods

• Trading involves risk, and results may vary depending on broker conditions, spread, volatility, and execution quality

• Backtest results do not guarantee future performance

Users are strongly advised to test on a demo account before live trading.

Support

For questions, setup guidance, or updates, you may contact the author through the MQL5 Market messaging system.

Gold Wick Pro is designed to provide a clean and structured automation of wick-box breakout behavior in the Gold market.