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Free Spike Finder MT4


Same behavior of https://www.mql5.com/en/market/product/25552 but fixed lot 0.01

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 the M1 chart.

Does not need historical data.

It does not use

  • Martingale
  • Grid
  • Hedge


  • 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.


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 Signals here https://www.mql5.com/en/signals/author/piergae
Comentarios 3
Miguel Jimenez Cordero
Miguel Jimenez Cordero 2021.03.21 09:44 

Good job.

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Artem Minchuk
4.18 (11)
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Darwin Swing MT4
Guillaume Duportal
5 (12)
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EA Thomas
Vitali Vasilenka
4.68 (56)
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199 USD
Otros productos de este autor
Spike Finder
Pier Gaetano Novara
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 stopLos
350 USD
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 M1 chart. It does not use : Martingale. Grid. Hedge. Parameters spikeFilter - value to decide opening positions takeProfit - take profit in points stopLoss - stop loss in points firstTrail
350 USD
This robot is based on martingale logic but with flat lot size increment and limiting the opening trade frequency to avoid big risk due to this logic. The positions are opened in both direction without setting Take Profit and Stop Loss. Stop Loss is set only in case of running a positive trade and will be trailed. The closure of all the opened positions is done by robot when the target profit is reached. Suggested period is M1, but it also works with others. Can be used on all pairs using defaul
180 USD
Pier Gaetano Novara
This robot is based on grid logic but with flat lot size increment and limiting the opening trade frequency to avoid big risk due to this logic. The positions are opened in both direction without setting Take Profit and Stop Loss. Stop Loss is set only in case of running positive trades and these positions will be trailed. Partial closure of opened positions is done by robot to allow trailing mechanism. Suggested period is M1, but it also works with others. Can be used on all pairs using default
300 USD
The robot will open one BUY and one SELL tread for each pair in a specific time (hour:minute) of the day using the parameters details for Take Profit, Stop Loss  and time slot: For BUY if openBUY is true at  HRBUY:MMBUY using  stopLossBUY and takeProfitBUY For SELL  if   openSELL   is true   at  HRSELL:MMSELL using  stopLossSELL and takeProfitSELL It does not use : Martingale. Grid. Hedge. It works with 5-digit and 4-digit broker. Is strongly recommended to use forex market with spread 0 and l
400 USD
Miguel Jimenez Cordero
Miguel Jimenez Cordero 2021.03.21 09:44 

Good job.

Matthew Todorovski
Matthew Todorovski 2018.06.25 07:44 

1 Star (20%) = Bad

2 Stars (40%) = Undecided (still testing)

3 Stars (60%) = Okay

4 Stars (80%) = Good

5 Stars (100%) = Excellente!

Andrey Litvichenko
Andrey Litvichenko 2017.10.21 13:04 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 1.9 2018.03.01
Changed logic removing parameters isTrending and spikeFilterMaxDelta.
Limit of only one trade per bar of timeframe selected (suggested M1)
Possibility to use setting takeProfit = 0
Added parameters (default):
SundayTradingInterval (00:00-23:59)
MondayTradingInterval (00:00-23:59)
TuesdayTradingInterval (00:00-23:59)
WednesdayTradingInterval (00:00-23:59)
ThursdayTradingInterval (00:00-23:59)
FridayTradingInterval (00:00-23:59)
tradingOnJan (true)
tradingOnFeb (true)
tradingOnMar (true)
tradingOnApr (true)
tradingOnMay (true)
tradingOnJun (true)
tradingOnJul (true)
tradingOnAug (true)
tradingOnSep (true)
tradingOnOct (true)
tradingOnNov (true)
tradingOnDec (true)

Versión 1.8 2018.01.25
Changed the logic for closure (closure after 5 minute)
Changed the logic for opening (distance between prize and bar limit is less than difference between open and close)
Added parameters spikeFilterMaxDelta and isTrending
Versión 1.6 2017.12.25
Changed the logic
Added parameter spikeFilterMaxDelta

Versión 1.3 2017.11.22
Added parameters to be used in case of 5-digit broker (divide by 10 for 4-digit broker):
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)
Versión 1.2 2017.11.03
modified trail profit behavior
no more opened pending order
reduced Stop Loss size
removed parameters spikeFilter, trailStop, overSpike, allowedSpread