Spike Detector trend trading strategy for MT5


Spike Detector Trend Trading Strategy Is a system for the MetaTrader 5 terminal, which is based on the search for price jumps as a probable sign of the end of a trend and a reversal, in combination with support and resistance levels.

Input parameters

  • Currency pairs: any
  • Timeframe: М30 and older
  • Trading time: any
  • Risk management: choose a lot size such that the risk is no more than 2-5% of the deposit per trade

Indicators used

  • Color Trend (26)
  • Spike detector
  • Support and Resistance indicator
  • Spartan spears (10)

Installing indicators and system template

  • Unpack the archive with templates and indicators
  • Copy the indicators to the MQL5 folder -> Indicators
  • Copy templates to MQL5 folder -> Profiles-> Templates
  • Restart the terminal
  • Opening the chart of the required currency pair
  • Install a template named Spike Detector MT5 Trading System

The graph should look like this:

Spike Detector Trading Strategy Template

Signals indicating the opening of a buy position

  • a blue arrow appeared under the candle;
  • bars of the oscillator Spartan spears are green;
  • the price is in the support zone or pushes up from it.
Spike Detector trend trading strategy for MT5

Example of entering a buy trade

Signals indicating the opening of a sell position

  • a red arrow appeared above the candle;
  • the bars of the Spartan spears oscillator are red;
  • the price is in the resistance zone or is pushed down from it.
Spike Detector trend trading strategy for MT5

Example of entering a sell trade

Setting stop loss and take profit

  • stop loss is set above / below the previous local maximum / minimum;
  • take profit is set at a ratio of 1.2: 1 to stop loss. When the opposite arrow appears, it is recommended to close the deal.

Before use trend trading strategy Spike Detector for MT5 on a real deposit, we recommend testing it on a demo account.

Other profitable trading strategies

Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

NYSE Receives SEC Approval For Direct Listing Initial Sale Of Shares Without Underwriters

Read Next

Pfizer, BionTech and Moderna Shares Drop Amid Fears Of New COVID-19 Strain