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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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4.29 (7)
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
Candle EA MT4
Mansour Babasafary
4.58 (38)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
AI NeuroX EA MT4
Denis Kurnev
5 (2)
AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
Smart Funded Hft
Barbaros Bulent Kortarla
5 (49)
Smart Funded EA est un conseiller expert conçu pour réussir les défis HFT des sociétés de prop trading qui autorisent son utilisation. Quelles sociétés de prop trading HFT puis-je utiliser ? Il a été testé sur presque tous les défis de sociétés de prop trading HFT avec un taux de succès de 100 %, tels que Kortana Fx, Nova Funding, Fast Forex Funds, Infinity Forex Funds, Quantec Trading Capital, Next Step Funded, Msolutionff, Genesis Forex Funds, The Talented Traders, Only Funds, Tradicave et
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Black Cat
Heinz Kappler
2.67 (3)
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 Underlyin
FREE
The demo version is limited to the currency pair CADCHF. The product with complete description and video can be found here: https://www.mql5.com/en/market/product/23310 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
FREE
Demo is limited to the currency pair CADCHF. Full version: https://www.mql5.com/en/market/product/27237 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 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 Sched
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 , Usa
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 ad
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 ma
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