Market / MetaTrader 4 / Experts /

EA Spike

30 USD

Demo downloaded: 248

Published: 2 May 2017

Current version: 1.0

EA Spike

Experts
Heinz Kappler
Heinz Kappler
Germany

1278
1.5 (2)
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Support in English and German language!
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5 products 2 topics 17 comments
Version: 1.0
Activations: 5

Spike missed?

The EA_Spike reacts to spike and uses the RSI indicator as filter.

The trade selection and frequency is set with Barlength, TradesperDay and the RSI.

The expert advisor is open for many underlyings and all chart periods.

It feels most comfortable in a portfolio and can run on several charts with various settings at the same time.

You will find suitable settings with the optimization.

Backtest

Examples as screenshots. Based on tick data.

Inputs

The setting options of the EA are:

MagicNumber - sets the order belonging to this EA; per chart with an EA another magic number
BaseLot - fixed lot size for the order
RiskinPercent - Recommended values 1 to 5 percent, value 0 is money management off
Ordercomment - comment for the order
Slippage - maximum allowable price tolerance for the order in pips, value 0 is off

BarlengthFromSpike - in pips, Trade decision: minimum bar length of the spike
TradesperDay - maximum number of trades per day

TakeProfit - fixed take profit in pips
StopLoss - fixed stop in pips

BreakEvenTrigger - in pips, from when BreakEven is activated
BreakEvenStep - in pips, to which position the StopLoss is set, 0.0 equals opening price

TrailingStopTrigger - in pips, from when starts trailing
TrailingStopPips - distance market price | StopLoss
TrailingStopTriggerStep - in pips, step size of trailing
Trailingacceleration - trailing is accelerated

RSIperiod - RSI period, the RSI indicator works as a filter for the trade decision
Levelup - sell order if the RSI was above Levelup
Leveldown - buy order if the RSI was below Leveldown

Hint

Each broker has other specifications.

I recommend starting with a demo account to check the best settings.

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EA Spike

Heinz Kappler

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