John Wick Price Action Long Wick MT4
- Experts
- Thawinchai Waharam
- Versione: 1.0
- Attivazioni: 5
🔄 Reversal Price Action Strategy: Long Wick
🔍 1. Long Wick Reversal Candle Signal
This EA strategy is based on long wick candlestick patterns—indicating strong market rejection or momentum shift:
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Buy Entry: Bullish candle with long lower wick + closes above EMA
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Sell Entry: Bearish candle with long upper wick + closes below EMA
🧱 2. Signal Filtering for Accuracy
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EMA Filter: Buy above EMA, Sell below EMA
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ADX Filter: No trade if ADX < 10 (low trend strength)
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Spread Control: Avoid trades during high spread conditions
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Distance from EMA: Avoid entries when price deviates significantly from EMA
🚀 EA Core Features
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Customizable Timeframes: Supports M1 to H4 with adjustable filters
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Risk Management: Lot sizing based on equity, Max Drawdown control
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Adjustable SL/TP: Supports dynamic Risk: Reward settings (e.g. 1:2, 1:3)
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Trailing Stop System: Secures profits as the trend progresses
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24/7 Automation: No screen monitoring required, ideal for passive trading
🧭 Recommended Setup
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Platform: MetaTrader 4/5 (MT5 preferred)
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Timeframe: M30, 6 set files avilable for M1, M5, M15, M30, H1 and H4
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Currency Pair: XAUUSD (Gold vs USD)
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Minimum Capital: $100 (>$1,000 recommended)
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Broker: Reliable with low spread
✅ Strengths & ❗ Limitations
✅ Strengths:
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Over 65-93% win rate
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Drawdown < 3% on $10k capital
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$8,600 profit from $10k in long-term backtest
❗ Limitations:
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Lower trade frequency due to strict long wick pattern criteria
⚙️ EA Parameter Overview
Core Strategy
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TimeFrame = 30M
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EMA_Period = 150
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Wick_Percent = 68
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Size_candle_1_pips = 110
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Size_candle_2_pips = 125
Signal Filters
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Spread = 25
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ADX_Period = 38
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ADX_Score = 10
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Distance_near_EMA = 6000
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Distance_far_EMA = 0
Risk Management
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Lot_Devided = 200,000
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SL = 2000 pips / TP = 1160 pips
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Trailing Stop = 770 pips, Step = 120, Start = 890
Advanced Options
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On_Recovery = false
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Consecutive_losses = 2
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Recovery_Lot = 2.0
💡 Lot Size Calculation Examples
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Capital $10,000 → 10,000 / 200,000 = 0.05 Lots
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Capital $1,000 → 1,000 / 100,000 = 0.01 Lots
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Capital $100 → 100 / 200,000 = 0.01 Lots (rounded up)