Spike Finder

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
  • 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.


Recommendations

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 Signal: https://www.mql5.com/en/signals/author/piergae

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Sara Sabaghi
4.67 (18)
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Stanislav Tomilov
4.62 (21)
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A unique robot that has been successfully trading on a real account since 2021. The Gold Dragon trading system is so stable that it has allowed it to survive all market fluctuations, while other systems have failed! Big sale 50% OFF! Price $450. Regular price $899 Real signal:   click here   Unique set files and all recommendations are provided free of charge. All future updates of the adviser are included in the price. After the purchase, contact me and I will help you install and configure
TopBottomEA
lizhi fu
4.51 (39)
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Daytrade Pro Algo
Profalgo Limited
5 (5)
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ NOUVEAU : obtenez 1 EA gratuitement !   (pour 2 comptes commerciaux) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bienvenue sur DayTrade Pro Algo !   Après des années d'étude des marchés et de programmation de différentes stratégies, j'ai trouvé un algorithme qui a tout ce dont un bon système de trading a
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Marco Solito
4.66 (67)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd and Gbpusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market
Aussie Loonie EA MT4
MQL TOOLS SL
5 (2)
Aussie Loonie EA is a professional trading system developed exclusively for the   AUDCAD   currency pair. This cross pair is widely recognized for its stable and technical behavior, which makes it particularly attractive for traders who prefer structured and predictable market conditions rather than extreme volatility and sudden price spikes. By focusing solely on AUDCAD, the system is able to   adapt precisely   to the specific characteristics, rhythm and movement patterns of this pair. The EA
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Pier Gaetano Novara
3 (2)
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Spike Finder MT5
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 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 firstTrailS
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Pier Gaetano Novara
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
ZigoZago
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
Hours and Minutes
Pier Gaetano Novara
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 lo
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