Trading Robots for MetaTrader 5

Spike Trader

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100.00 USD

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Information

Experts
MetaTrader 5
5
Xianba Xia
30 July 2014
1.0

Overview

Spike Trader Forex Expert Advisor is based on the idea of spike bars preceding movement in the opposite direction to the spike. This EA was inspired by the trading strategy described in May 2012 issue of Currency Trader magazine.

The spike is defined as a bar that is higher than previous BarsNumber bars, higher than previous bar by PercentageDifference and that closed in the lower ThirdOrHalf part of its length. For bullish signal, everything is inverted. The position is kept open until Hold bars pass or an opposite signal is received. If a new signal in the same direction is received, the position's timer is reset and no new position is opened.

The back-test of the Spike Trader MetaTrader Expert Advisor on the period of more than 11 years showed 73.93% profit with 5.22% maximum drawdown. The used position's volume was set to 0.1 standard lots. The EA made 172 trades, of which 59.88% were profitable. The default settings were used in this back-test on USDCAD D1 chart.

This EA is ECN-safe. You can freely use this expert advisor with ECN (market execution) brokers as it either does not apply any stop-loss and take-profit levels in its trading orders or sends only pending orders.


MiniFAQ

What are the stop-loss and take-profit levels used by this EA?

It does not use any stop-loss or take-profit levels but the average loss was $106.77 and the average profit — $143.31.

How often does it trade?

On USDCAD daily chart (the back-test settings), this EA will trade once every month on average.

Any settings other than default can be used?

Yes. If you are going to apply the EA to some other currency pair or timeframe, you should re-optimize it for different input settings, especially, the PercentageDifference parameter.

7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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RISK WARNING: ea-trade.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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