good spike

If You want test use the following pairs and parameters in use table below that is ordered by profitability obtained testing from 2015 ecn broker and tds2.

Symbol  spikeFilter trailStop overSpike  allowedSpread

GBPUSD 250            100         true           30

EURCAD 250            300         false          10

EURGBP 200            200         true           10

GBPCAD 250            300         true           10

GBPJPY  250            100         true           10

EURUSD 250            250         true           10

EURAUD 250           150          false          10

USDCAD 250           150          true           20

USDJPY  250           250          true           10

AUDJPY  250           300          true          10

CADJPY  150           250          true          10

AUDCAD 250           150          true          10

AUDCHF 250            250          false          10

EURJPY   200           100          true          10

Hi TF m1?or other?thanks

yes TF M1 but with version 1.1 use these parameters

• spikeFilter  250
• trailStop 100
• overSpike true
• allowedSpread 30

In version 1.2 are constant so valid for all pairs

Testing now version 1.3 re-introducing only spikeFilter (see signal https://www.mql5.com/en/signals/360063)

Spike Finder

The EA waits for a spike according to a specific logic and open a position in spike direction setting stop loss and take profit.

When positions are in profit they are managed with smart trailing mechanism based also on elapsed time from opened position.

It works with 5-digitand 4-digit broker.

Must be used M1 chart.

Do not need historical data.

It does not use

• Martingale
• Grid
• Hedge

Parameters

• fixedLots - use the lotSize when opening positions (true) or calculate the lot size in this way: (lotSize X AccountEquity)/lotFactor
• lotSize - lot size
• lotFactor - used to calculate lot size in case fixedLots is false

Recommendations

Control the risk and work with appropriate volumes (lots) to your capital.

Do backtest of good quality (99.9%) if You can.

It is recommended to use a low spread broker (true ECN account and/or spread less than 3 pips) and a VPS with low latency.

offer still available for the first 4 buyers.

Soon available version 1.3 with setting specific for each market and reduced stop loss

new version 1.3 soon available:

What's new: Added parameters to be used in case of 5-digit broker (divide by 10 for 4-digit broker):
spikeFilter,takeProfit,stopLoss,firstTrailStop,trailStop,allowedSpread,slippage.
Is suggested change only first parameter spikeFilter according specific trading market (see signal description for info) leaving the default value for all others.
For this version Take Profit fixed to 50 pips and Stop Loss value also fixed and reduced to 20 pips (default value parameters)

next version 1.4 will be soon published.

Logic changed: similar concept but performance will be much more better.

Signal is now based on this new version and optimization for each symbol is on-going

https://www.mql5.com/en/signals/391713