FAQ
Questions, answered plainly.
What Wick is, what it is not, and how it behaves. If yours is missing, write to [email protected].
- What is Wick?
- Wick is a crypto market research and simulated trading terminal built by Candlelit. It combines live market data, quantitative setup detection across six playbooks, AI-assisted research, risk-based position sizing, and prop-style account simulation in one web application.
- Is Wick a crypto paper trading simulator?
- Yes. Wick supports simulated crypto trading using live market data and prop-style account constraints: a daily loss limit, a maximum drawdown, and a profit target. It also adds research, setup detection, position sizing, trade monitoring, costs and slippage estimates, and a ledger, beyond a conventional paper account.
- Does Wick trade automatically?
- No. Wick analyzes markets and recommends possible actions, but opening, reducing, and closing positions are manual decisions. The one automatic action is a stop-out on an open simulated position, because a stop is an order you placed.
- Is Candlelit a brokerage, exchange, or prop firm?
- No. Candlelit develops trading research and simulation software. Wick does not provide brokerage services, custody, funded accounts, or real-money execution, and it holds no exchange API keys.
- Where does the market data come from?
- Public exchange endpoints: Binance spot for candles, tickers and order books; Kraken spot for cross-exchange divergence and Kraken Futures for funding and open interest; Deribit for implied volatility. No account or key is needed for any of it.
- What does the AI research actually do?
- One bounded model call per request, with at most three web searches, that classifies fresh external information for a setup as supportive, neutral, or adverse and lists dated catalysts. It does not pick direction and does not require a news catalyst: finding nothing is neutral. It runs only when you press Research, and every call is counted and costed on screen.
- Is Wick designed for beginners?
- Yes. Wick is designed to make trading concepts understandable while they are being used. Terms such as ATR, funding, order flow, invalidation, reward-to-risk, position sizing, and drawdown are explained in plain English on hover, in the context of an actual simulated decision.
- What are the six playbooks?
- Trend Continuation and Pullback Continuation (standard), Relative Strength (moderate), and Momentum Breakout, Blow-off Reversal and Crowded Squeeze (aggressive). Each has its own checks, all of which are shown, and aggressive playbooks cap risk per trade at 0.5% of equity.
- Can I ignore Wick's advice?
- Always. Enter, Wait and Pass are advisory; Take It Anyway is a button. The only hard blocks are the account's own rules: open risk above 3% of equity, or a stop-out that would breach the day's remaining loss budget. Trades taken against advice are recorded as such.
- Is Wick free? Can I use it?
- Wick is currently private and free. Access is by request to [email protected].
- Is anything on this site financial advice?
- No. Wick is a research and practice tool. Nothing on candlelit.us or in Wick is investment, financial, legal, or tax advice, and simulated results say nothing about future results with real money.