Aurumwickbreakout

By The Algo SyndicateTH | Version 3.21

Overview

AurumWickBreakout is a fully automated Expert Advisor built on a proven price action concept — the multi-bar wick breakout. It scans recent candle wicks to identify key structural levels, then places pending orders to capture the breakout momentum in both directions simultaneously using an OCO (One-Cancels-the-Other) system.

Designed for traders of all experience levels, this EA requires no manual analysis. Simply attach it to any chart and let it work.

How It Works

The EA scans the last N candles (default: 4) on the current timeframe and identifies the highest wick high and lowest wick low across those bars. It then places a BuyStop above the wick high and a SellStop below the wick low, with stop-loss levels anchored to the opposite structural extreme.

When one order is triggered, the other is automatically cancelled — the OCO logic ensures only one direction trades at a time.

Key Features

Multi-Bar Wick Scanner

Scans 3–10 bars back to identify the most significant structural high and low. Fully adjustable via input parameters.

OCO — One Cancels the Other

When a BuyStop is triggered, the SellStop is immediately cancelled, and vice versa. No conflicting trades, no hedging confusion.

Dual Take Profit System (TP1 + TP2)

∙ TP1 closes 50% of the position at 1.5R — locking in early profit

∙ TP2 closes the remaining 50% at 3.0R — riding the full move

Dollar-Based Trailing Stop

∙ Breakeven activates when profit reaches $3

∙ Trailing stop activates at $5 profit and trails $5 below the peak

∙ Calculated in real dollar terms — works correctly across all symbols and lot sizes

Universal Symbol Support

Works on Gold (XAUUSD), Forex pairs (EURUSD, GBPUSD, etc.), indices, and cryptocurrencies. The EA auto-adapts lot normalization, stop levels, and tick values to any symbol.

Any Timeframe Compatible

Attach to M30, H1, H4, D1 — the EA adapts its scan and expiry logic to the current chart timeframe automatically.

Premium Chart Theme

Automatically applies a clean dark navy color scheme with emerald bull candles and rose bear candles — optimized for long trading sessions.