Market / MetaTrader 4 / Experts /

Spike Finder

350 USD

Demo downloaded: 212

Published: 10 October 2017

Current version: 1.9

Spike Finder

Experts
Pier Gaetano Novara
Version: 1.9
Updated: 1 March 2018
Activations: 5

The EA waits for a spike according to a specific logic and opens 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-digit and 4-digit broker.

Must be used on M1 chart.

Does not need historical data.

It does not use:

Martingale.
Grid.
Hedge.

Parameters

spikeFilter - value to decide opening positions
takeProfit - take profit in points
stopLoss - stop loss in points
firstTrailStop - first trail stop points
trailStop - trail stop points after first
allowedSpread - max spread allowed to open positions
slippage - slippage set during position opening
SundayTradingInterval - trading interval in Sunday
MondayTradingInterval - trading interval in Monday
TuesdayTradingInterval - trading interval in Tuesday
WednesdayTradingInterval - trading interval in Wednesday
ThursdayTradingInterval - trading interval in Thursday
FridayTradingInterval - trading interval in Friday
tradingOnJan - if true trading active on January
tradingOnFeb - if true trading active on February
tradingOnMar - if true trading active on March
tradingOnApr - if true trading active on April
tradingOnMay - if true trading active on May
tradingOnJun - if true trading active on June
tradingOnJul - if true trading active on July
tradingOnAug - if true trading active on August
tradingOnSep - if true trading active on September
tradingOnOct - if true trading active on October
tradingOnNov - if true trading active on November
tradingOnDec - if true trading active on December
fixedLots - use the lotSize when opening positions (true) or calculate the lot size in this way: (lotSize * AccountEquity) / lotFactor.
lotSize - lot size.
lotFactor - used to calculate lot size in case fixedLots is false.

Specific symbol to be traded will be released on monitoring signals.

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.

Monitoring Signal: https://www.mql5.com/en/signals/author/piergae

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