No Wick Strategy

Discover the 'No Wick Strategy' for day trading Forex and Futures. This price action strategy uses specific 'no wick' candles as entry points in trending market

Published · Updated · Methodology: Price Action

  • Methodology: Price Action
  • Content type: strategy
  • Timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours
  • Markets: Forex, Futures, UJ (USDJPY), USCHF (USDCHF), AUDCAD, ES (S&P 500 E-mini futures), NQ (Nasdaq 100 E-mini futures), Oil

Source video

Decoded from: Live Day Trading Making $2988 using my 85% WR No Wick Strategy ( Secret sauce at the end ) by omarnowick — watch the original

Key timestamps:

  • 0:19 - Introduction to No Wick Strategy
  • 0:44 - Sell limit entry at the noick
  • 0:50 - Stop loss at the most recent high
  • 0:59 - Take profit fixed at 1:1
  • 1:05 - Imbalance consideration
  • 1:52 - Mechanical nature of the strategy
  • 2:08 - Reference to 6-hour free course for in-depth learning
  • 3:00 - Example of a valid but not good trade (AUDCAD)
  • 3:55 - Risk management for funded accounts (minimum profitable day)
  • 10:00 - Discussion on higher R trades vs. 1:1
  • 11:00 - Double cross method for higher R
  • 17:40 - Transparency about losses
  • 21:00 - Importance of higher timeframes (4-hour) confluence
  • 22:00 - Swept liquidity on 5-minute chart

Topics

no wick strategy · price action · day trading strategy · forex strategy · futures trading strategy · tradingview strategy · scalping strategy · 5 minute strategy · 15 minute strategy · usd jpy trading strategy · s&p 500 trading strategy · trading strategy · pine script

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

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