EA Spike

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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Alex Expert Advisor est basé sur l'indicateur Vertex, un outil propriétaire conçu pour identifier les potentiels retournements de tendance. Des signaux de trading sont générés lorsque l'oscillateur sous-jacent atteint des conditions de surachat ou de survente et confirme un croisement ou un signal de retournement. Cet Expert Advisor multi-signaux avancé intègre l'analyse de tendance, l'évaluation du momentum et un timing d'entrée précis dans un système de trading unique et intuitif. En filtrant
XG Gold Robot MT4
MQL TOOLS SL
4.29 (42)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Wonder 1
Mario Baldantoni
Wonder 1 fait partie de la collection Wonder, des strategies choisies dans mes propres portefeuilles et dediees aux merveilles du monde comme voeu de reussite. Elle traite AUDJPY en H1 en utilisant un modele a logique floue qui lit la structure des prix mensuelle et journaliere. Ce que c'est, et ce que ce n'est pas Chaque trade ouvre avec un Stop Loss et un Take Profit fixes. Le risque est toujours defini. Pas de grille, pas de martingale, pas de moyenne. Une position a la fois, faible usage de
Hamster Gold Trading
Nguyen Hang Hai Ha
3.5 (2)
Expert Advisor  Hamster Gold Trading  is an automatic trading robot programmed with exclusive and unique algorithms. The EA is optimized for the Gold market. EA's strategy applies movement patterns along with price momentum for reliable and accurate signals. Signals are also entered using the smart momentum trap method, where Stop orders are often canceled when momentum is not reached. Trades are closed quickly by Trailing and there is always a Stop Loss to control risk. Bonus: get free 1 EA wh
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Black Cat
Heinz Kappler
1.5 (2)
Expert with martingale strategy, to experiment. A profit trade offsets a loss trade. An example: Cent-Account, 35 USD are then 3500 USD. Account: USD and 1: 400 EA setting: Cat_type Normal, Variant 1, BaseLot 0.1 If the case occurs with two loss trades in a row , the loss is about 3000 USD . Two loss trades in a row can be avoided by a low spread and continuous trade of the EA. Signal: https://www.mql5.com/en/market/product/22450#!tab=comments&comment=5808183 Technical specifications Underlying
FREE
Underlying assets with expiration date can change automatically to next date in the chart. Some brokers offer underlying assets with expiration date. For example to March, June, September, or December. This tool switches automatically to the next date. Expert Advisors, indicators, charts, or templates receive automatically the new contract. Automatically supported formats: NameMMMYY (Jp225Mar17) or NameMMYY (SugarMr17). Use as an indicator. Path \MQL4\Indicators. Example From UsaIndJun17 , UsaI
The Trading Assistant can apply automatic exits, set pending orders when trading is closed, scale trades and much more. The tool is easy to handle and clear, it works smoothly with one or more orders. Features Scheduling of pending and market order - useful for time based strategies or for preparing an order when the market is closed Automatic stop to break-even point for position protection Independent profit taking by the crossing of two moving averages - ideal for trend strategies Finely adj
Essentials for manual trading. The utility includes functions such as money management, automatic exits, hedging of positions, setting orders by date, OrderClose menu and others. Simple operation and clearly arranged, the tool works with one or more orders. Low tick rate compatible. Features Display money management - right lot size is calculated from stoploss, account balance and risk appetite Scheduling of pending and market order - time based strategies or for preparing an order when the mar
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