Wyckoff Point-and-Figure Counts for Structural Trade Targets

Summary

This article extends a Wyckoff trading system by adding a structural exit target to an Expert Advisor. It outlines accumulation and distribution sequences: a spring or upthrust, a high-volume sign of strength or weakness, and a low-volume retest at the last point of support or supply. A finite-state machine enforces event order and resets when a structure is invalidated.

The target is calculated from a horizontal point-and-figure count at the last point of support for longs or last point of supply for shorts. The projected move scales the number of counted columns by box size and a reversal factor, then adds to or subtracts from the count-line price. Box size is linked to range ATR; the worked example uses a one-box reversal and illustrates a long target. The EA also has a risk-based position-sizing function and a fallback target.

The article reports compilation and testing in MetaTrader 5 and recommends EURUSD on H4. Its P&F columns are derived from bar-level OHLC data rather than intraday ticks, so short-timeframe counts can miss reversals. The target remains a projection, not a guaranteed price outcome.

Key ideas

• The EA uses a finite-state sequence to confirm Wyckoff accumulation or distribution before entering.
• A point-and-figure count projects targets from the last point of support or supply.
• ATR-based box sizing adapts the count to volatility, while the reversal factor changes the column count.
• The article gives a worked accumulation example and reports compilation and testing, but no broad performance statistics.
• Bar-level OHLC data can miss intrabar reversals, making short-timeframe counts less reliable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.