SyntheticaFX Spike Catcher
- Indicators
- Hendrik Lodewyk Coetsee
- Version: 1.5
- Activations: 5
SyntheticaFX is a non-repainting spike detector designed for all Crash and Boom synthetic pairs. It operates on the 1-minute timeframe.
The rules are simple: When an entry arrow appears, it indicates an impending spike. Enter the trade and set a stop loss between 15 to 25 1-minute candles. If no spike occurs, accept the loss and await a new entry signal. When the spike becomes profitable, either take the profit immediately or hold for 3-5 candles and then close the trade.
Please note that this is merely an indicator that provides entry signals based on a strategy that has proven effective for me. It is advisable to use it in conjunction with the SyntheticaFX zones indicator and SyntheticaFX indicator.
Once installed, for Crash pairs, change the Buy Entry arrow color to None, and for Boom pairs, change the Sell Entry arrow color to None.
Ensure proper risk management and avoid excessive leverage.