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CandleWick Sniper

The CandleWick Sniper Expert Advisor is a specialized tool designed to automate trading based on candle wick formations and length. By analyzing wicks, the EA identifies potential reversal opportunities and automatically enters trades when certain conditions are met. Traders can customize the minimum wick length and select the timeframe they want the EA to operate on, whether it’s M5, M15, H1, or another preferred period.

The CandleWick Sniper EA offers a flexible range of trading options. It supports both market execution and pending stop orders, allowing users to enter trades precisely at the candle’s open price after a wick has moved the set number of points. For risk management, the EA includes configurable lot sizes and risk percentages, giving traders control over their exposure. Traders can also define take profit and stop loss levels in pips, along with re-entry logic. If a trade hits the stop loss, the EA can re-enter at the same price level with a pending order, helping to capture missed opportunities.

The EA’s profit protection and trailing stop features further enhance its adaptability. Profit protection starts once a trade has moved a specified number of pips in profit, automatically adjusting the stop loss to secure gains. Similarly, the trailing stop function will follow the market price, ensuring that traders can lock in profits as the position becomes more favorable.

CandleWick Sniper also includes a robust order management system, enabling traders to limit the number of buy or sell orders placed per candle. This feature allows for precise risk management and avoids overexposure during volatile market conditions. Additionally, the EA offers customizable alert options, including pop-up, mobile, and email notifications, so traders are always informed of trade signals and executions even when away from their terminals.

This EA is perfect for traders who rely on candle wick analysis to spot potential market reversals. With its highly customizable inputs and automated functionality, CandleWick Sniper helps traders execute wick-based strategies efficiently while maintaining strict control over risk and trade management.


Parameters

  • Wick Detection Parameters
    • Adjust the trading timeframe and set the minimum wick length to qualify as an opportunity.
  • Trading Parameters
    • Choose between pending stop or market orders, set lot size, risk percentage, take profit, stop loss, profit protection, trailing, and limit orders per candle.
  • Alert Filters
    • Enable or disable alerts for pop-up, mobile, and email notifications.


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4.94 (65)
Experts
Smart Funded EA is an expert advisor designed to pass the HFT challenges of prop firms that allow its use. Do I need to back-test? You do not need to backtest, and demo servers that you backtest will not give the real results since HFT prop firms servers and symbols are specially designed friendly with HFT bots. Samart Funded HFT has a hundred percent success rate so do not waste your time back testing. You can test the EA with your   HFT challenge account with 0.01 lots if you still want to tes
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Denis Kurnev
5 (5)
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AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Indicement MT4
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5 (2)
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Welcome to Indicement! PROP FIRM READY! -> download set files here LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here LIVE SIGNAL INDICEMENT brings my 15 years of experience in creating professional trading algorithms to the Index markets. The EA uses a very well thought out algorithm to find the best entry price and runs multiple strateg
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