AurumwickbreakoutV1

AurumWickBreakout EA — System Overview

Entry Logic Scans the last N bars (ScanBars) on the selected timeframe (TF) to find the highest wick high and lowest wick low. Places a BuyStop above the wick high and a SellStop below the wick low at the start of each new bar. Orders expire after 24 hours if not triggered.

OCO (One Cancels Other) When one side triggers and becomes an open position, the opposite pending order is cancelled immediately.

Stop Loss Fixed points from entry price (FixedSLPoints). Only applied when UseTPSL = true. If false, no SL/TP is set on the order — relies entirely on Trailing Stop to manage the trade.

Take Profit TP1 closes half the position at TP1_RR × risk. TP2 closes the remainder at TP2_RR × risk. Only active when UseTPSL = true.

Trailing Stop ($ Based) Calculated in dollar profit per tick, not price points — works correctly across all symbols (Forex, Gold, BTC).

• Breakeven: when profit reaches BreakevenProfit ($), SL moves to entry + 1 point
• Trail Start: when profit reaches TrailStartProfit ($), trailing begins
• Trail Distance: SL trails peak profit by TrailDistance ($)
• Safe buffer: SL will never be placed closer than stopLevel + spread + 2pt from current price, and never closer than minDist from TP

Auto Cut Loss If account equity drops below MaxLossPercent % of balance, all open positions and pending orders are closed immediately and EA_Enable is set to false permanently. EA will not resume until EA_Enable_Input is manually set to true and EA is reattached.

Minimum Balance Guard EA will not place any orders if account balance is below $100. This prevents "not enough money" errors on underfunded accounts or validation environments.

EA Enable Toggle EA_Enable_Input = true/false controls whether the EA is active. Auto-disabled after Cut Loss trigger.

UseTPSL Toggle

• false (default): no SL/TP set on order, trailing stop manages everything
• true: SL and TP are set at order placement based on FixedSLPoints and RR ratios

Chart Display Premium dark theme with custom candle colors. Credit panel shows EA name, LINE contact, timeframe, and license status.

License System Machine ID based. Supports single or multiple machine IDs. Lifetime license mode available.

Compatibility Works on all symbols — Forex, Gold (XAUUSD), Bitcoin, indices. Adjust FixedSLPoints, BreakevenProfit, TrailStartProfit, and TrailDistance according to the symbol's pip value and volatility.