Forex Spike Finder Robot

The Forex Spike Finder Robot 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

Test results:

Forex Spike Finder Robot

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.

Forex Spike Finder Robot For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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