Spike Trader EA for MT4/MT5 - Free

The author's warning: this expert advisor can lose all your money. Test it on a demo account and use it on a live account at your own risk only.

Spike Trader is based on a strategy first proposed in the May 2012 issue of the now-defunct Currency Trader magazine. The main idea is to detect spikes and trade in the opposite direction.

The author's example screenshot shows trades on the daily USD/CAD chart in the MetaTrader 5 Strategy Tester.

Check before you use it

The author's warning applies in full: it can lose all your money. Run it in the MetaTrader Strategy Tester and then on a demo account for a long period, on the symbols and timeframes you plan to use. A test result says little about live trading, and market conditions have changed since the strategy was published in 2012.

Platforms: MetaTrader 4, MetaTrader 5.

Source and license

Published by EarnForex.com as open source under the Apache License 2.0. TraderCommons does not host the files: the links on this page lead to the author's GitHub repository and product page. TraderCommons is not affiliated with EarnForex.

Test any trading tool on a demo account before you use it on a live one. Trading involves risk.