Spike Sniper Algorithm
- Experts
- Version: 1.40
- Activations: 5
Algorithmic Precision for Boom & Crash
Here is the professional English translation for your technical manual. I have optimized the terminology for the trading and MetaTrader 5 (MT5) context.
Spike Sniper Algorithm V2.1: Technical & User Manual
This is the technical and user manual for the Spike Sniper Algorithm V2.1. This system has been specifically designed to trade Synthetic Indices (Boom/Crash) using a high-probability approach based on trend alignment and statistical candle cycles.
1. Main Features
The bot utilizes a combination of three confirmation pillars before executing an entry:
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Dual Trend Filter (Multi-Timeframe): It does not only analyze the immediate 1-minute (M1) trend; it features a second trend filter to confirm that the macro trend is aligned with the micro trend.
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Statistical Analysis: Reaction frequency analysis.
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Smart Risk Management: Includes a "Cooldown" system that halts trading after a losing streak to protect capital during sideways markets for a configurable duration (minimum 1 hour recommended).
2. Parameter Description (Input Settings)
I. Core Configuration
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Index Type: Select whether you will trade Boom (Buys) or Crash (Sells).
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Lot Size: Transaction volume. It automatically adjusts to the minimum allowed if the entered value is too low.
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Max Open Positions: Maximum number of parallel trades allowed.
II. Frequency Filter
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Candle Distance: Minimum number of candles required between one operation and the next to prevent over-trading.
III. Risk Management
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Manual SL: Stop Loss measured in points.
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Auto Breakeven: If the price moves in your favor, the bot moves the SL to the entry price plus a small commission to ensure a "risk-free" trade.
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Trailing Stop (Distance & Activation): The SL "follows" the price once a configured profit level is reached.
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Max Consecutive Losses: If the bot loses this many times in a row (e.g., 2), it locks itself.
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Pause Minutes: Duration of the lockout after a losing streak (e.g., 60 min).
IV. Trend Filters
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Use Trend Filter: Enables/Disables the 50-period Exponential Moving Average (EMA).
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Candle Confirmation: How many candles must close above/below the EMA to consider the trend valid.
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H1 Filter: Enables trend validation on the 1-hour timeframe.
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ADX Filter: Indicator used to measure market range/sideways movement.
3. Dashboard Guide (Graphic Interface)
The bot includes a real-time information display in the upper-left corner:
| Field | Meaning |
| Positions | Shows current trade count vs. the maximum allowed. |
| Trend M1 | OK (Trend in favor) or BLOCK (Price against the EMA 50). |
| Trend H1 | OK (Macro trend in favor) or BLOCK (Higher timeframe restriction). |
| ADX Strength | Indicates if there is sufficient market momentum. |
| Security | Bot status. Displays OK or PAUSE (X min) if in cooldown mode. |
| Profit | Total profit or loss for the current session in USD. |
| PANIC Button | When pressed, it immediately closes all open positions for the current instrument. |
4. Safety Recommendations
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Environment: Designed for MetaTrader 5 (MT5).
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Assets: Optimized for Boom 500/1000 and Crash 500/1000 indices.
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Timeframe: The bot must be placed on the 1-Minute (M1) chart, even though it processes H1 data internally.
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Capital: It is recommended that each losing streak (2 consecutive SLs) represents no more than 1-2% of the total account balance.
Note: This bot is an assistive tool. Although it includes advanced filters, synthetic indices are highly volatile. It is strongly recommended to test on a Demo account before trading with Real funds.
