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SpikeBoom

FREE

Published: 20 April 2023

Current version: 2.0

SpikeBoom

Experts
Kabelo Frans Mampa
Version: 2.0
Updated: 28 November 2023

A classic buy low & sell high strategy.

This Bot is specifically Designed to take advantage of the price movements of US30/Dow Jones on the 1 Hour Chart, as these Indices move based on supply and demand.

The interaction between supply and demand in the US30 determines the price of the index. When demand for US30 is high, the price of the US30 will increase. Conversely, when the supply of shares is high and demand is low, the price of t US30 will decrease.

Supply and demand analysis is used to identify potential areas of support and resistance in the market, and to make informed trading decisions based on shifts in the balance of supply and demand.

Therefore this bot will mostly open buy limit orders and sell limit orders to never be affected by the slippage that occurs when the price spikes and this in turn will allow the take profit of every trade to mostly take advantage of the positive slippage when closing profit. If you have any suggestions please write them in the comment section

Tests were performed on IC Markets and the set file for US30 can be found in this blog.

This Expert uses us30 previous day market open as well as current day market open to determine whether to place a Buy limit order or Sell limit Order

Depending on your settings this expert could be Prop Firm Friendly added that most Prop Firms have removed the maximum trading days, so you are free to pass the challenges

whenever the market is favorable.

more...

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Test Before Use... In the forex market, a range refers to a period of time during which the price of a currency pair remains relatively stable, fluctuating within a narrow band. This can be contrasted with a trend, which refers to a sustained movement in the price of a currency pair in a particular direction. During a range, the price of the currency pair may move up and down within a defined range, but it is not trending strongly in any particular direction. This can be a good time for the rang

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Have you ever wanted to back-test a strategy but never wanted to risk real money? And the thought of using a demo account is exhausting as real time markets develop your skills slowly. This utility will help you develop your strategy faster and will help determine if the strategy works long-term by simulating real trading through back-tests. This will save you time as you can back-test strategies from previous price data. With the new update you can now change your lot-size add take-profit and

TTraderAssistant was developed to help ordinary traders in there journey to becoming successful and profitable traders. TTraderAssistant will/does not open trades on it's own, it's sole purpose is to work along the trader. TTraderAssistant will help you manage your trading risk with a variety of lot-sizing profiles available to open trades by your command and risk appetite. Various Trailing-Stop Features were built in such as Trailing-Start and Trailing-Step to help judge your exiting strateg

Have you ever wanted to back-test a strategy but never wanted to risk real money? And the thought of using a demo account is exhausting as real time markets develop your skills slowly. This utility will help you develop your strategy faster and will help determine if the strategy works long-term by simulating real trading through back-tests. This will save you time as you can back-test strategies from previous price data. In order to set an sl during the backtest you have to click on the sl b

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