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Free Spike Finder MT4

FREE

Published: 19 October 2017

Current version: 1.9

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Overview
Reviews (2)
Comments (14)
What's new

Free Spike Finder MT4

Experts
Pier Gaetano Novara
Version: 1.9
Updated: 1 March 2018

Same behavior of https://www.mql5.com/en/market/product/25552 but fixed lot 0.01

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 the 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 Signals here https://www.mql5.com/en/signals/author/piergae

more...

6769

Miguel Jimenez Cordero 2021.03.21 09:44 #

Good job.

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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

180 USD

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

300 USD

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

400 USD

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6769

Miguel Jimenez Cordero 2021.03.21 09:44 #

Good job.

13128

Matthew Todorovski 2018.06.25 07:44 #

1 Star (20%) = Bad

2 Stars (40%) = Undecided (still testing)

3 Stars (60%) = Okay

4 Stars (80%) = Good

5 Stars (100%) = Excellente!

7585

Andrey Litvichenko 2017.10.21 13:04 #

User didn't leave any comment to the rating

Version 1.9 2018.03.01

Changed logic removing parameters isTrending and spikeFilterMaxDelta.
Limit of only one trade per bar of timeframe selected (suggested M1)
Possibility to use setting takeProfit = 0
Added parameters (default):
SundayTradingInterval (00:00-23:59)
MondayTradingInterval (00:00-23:59)
TuesdayTradingInterval (00:00-23:59)
WednesdayTradingInterval (00:00-23:59)
ThursdayTradingInterval (00:00-23:59)
FridayTradingInterval (00:00-23:59)
tradingOnJan (true)
tradingOnFeb (true)
tradingOnMar (true)
tradingOnApr (true)
tradingOnMay (true)
tradingOnJun (true)
tradingOnJul (true)
tradingOnAug (true)
tradingOnSep (true)
tradingOnOct (true)
tradingOnNov (true)
tradingOnDec (true)

Version 1.8 2018.01.25

Changed the logic for closure (closure after 5 minute)
Changed the logic for opening (distance between prize and bar limit is less than difference between open and close)
Added parameters spikeFilterMaxDelta and isTrending

Version 1.6 2017.12.25

Changed the logic
Added parameter spikeFilterMaxDelta

Version 1.3 2017.11.22

Added parameters to be used in case of 5-digit broker (divide by 10 for 4-digit broker):
spikeFilter,takeProfit,stopLoss,firstTrailStop,trailStop,allowedSpread,slippage.
Is suggested change only first parameter spikeFilter according specific trading market (see signal description for info) leaving the default value for all others.
For this version Take Profit fixed to 50 pips and Stop Loss value also fixed and reduced to 20 pips (default value parameters)

Version 1.2 2017.11.03

modified trail profit behavior
no more opened pending order
reduced Stop Loss size
removed parameters spikeFilter, trailStop, overSpike, allowedSpread