Spike Detector MT5 Trading System
Spike Detector System
Support and Resistance as Filter
Submit by Alexander
Spike Detector MT5 Trading System is a Price Action based Spike Detector indicator which looks for price spikes as a probable sign of the end of a trend and reversal when combined with support and resistance levels. In fact in the trading system as confirmation of the signals generated by the Spike Detector there is a support and resistance indicator and two short trends, to understand if the signal generated by the spike Detector can be valid.
In other words, there is a signal with two confirmations. the interpretation can be more or less aggressive according to the number of confirmations, generally the higher the time frame the less confirmations are needed, and vice versa. Here we show the setup of the most aggressive version of the system for time frame 30 min or higher.
Setup trading system
Time Frame 1 min or higher.
Currency pairs: any.
Metatrader Indicators 5
Colour Trend period 26.
Spike Detector
Support and Resistance indicator
Spartan spears period 10.
Trading rules Spike Detector MT5 Trading System
Buy
Spike Detector buy arrow below candle.
Spartan Spears (green bar).
Optional condition
Price in support zone.
Sell
Spike Detector sell arrow above candle.
Spartan Spears (red bar).
Optional condition
Price in resistance zone zone.
Exit position
Place initial stop loss below the previous swing High/Low.
Exit at opposite Spike Detector Arrow
Profit Target minimum ratio 1:1.2.
Examples of Trades
Telegram Channel:https://t.me/freeforexresources
Share your opinion.
KOURKOU GABTI (Wednesday, 19 January 2022 09:03)
Very good strategy
REINALDO RIBEIRO (Monday, 06 December 2021 19:41)
Hi
Please, Should you inform the buffer for Spike Detector, just to make a test in B3 here in Brazil? I noticed that the Buffer SPIKE_Handle, 0, 0, 2, SPIKE_Price I got the price when the arrow is showing, but how to get the color ou how Identify if is Buy or Sell using the Expert?
Victor (Wednesday, 03 November 2021 09:14)
Comment installer sur l appareil android
Ocean (Sunday, 24 October 2021 07:10)
How do Install on android device?
Joel (Thursday, 30 September 2021 14:50)
Aleady picked my profit, thank you
RICO (Wednesday, 29 September 2021 14:30)
greetings,
How do I install the spike detector
Thabiso (Thursday, 22 July 2021 10:34)
How do I install this system on an android system like tablet
najeebullah Yousfani (Thursday, 03 June 2021 12:43)
How to use instal on mobile or pc
Ofentse (Monday, 31 May 2021 13:16)
How do I install the system
Charles lukelo (Monday, 17 May 2021 10:01)
How do I install this please???
Samuel (Saturday, 03 April 2021 04:31)
Please how do I install it
Paul (Saturday, 27 March 2021 00:10)
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louis (Saturday, 09 January 2021 05:50)
god bless you guys!!!!!!!!!!!!!!!!!!!!!!!!
thomi (Tuesday, 29 December 2020 11:55)
is very good sir thanks
usman (Saturday, 26 December 2020 18:54)
i was unable to download the file. pls help
Martha (Monday, 14 December 2020 16:13)
Absolutely good straegy! Works on all tf.
Pjetr (Monday, 14 December 2020 10:48)
spike detector and spartan repaint. look on 1 minute chart.