Spike Reversal EA

This EA uses no technical indicators at all — it reads candles and nothing else.

What Counts as a Spike Candle

A candle that breaks beyond a recent high or low during the session but closes back at the opposite end. For example, price makes a new high intraday but closes in the lower half of the candle — the breakout force was rejected within a single bar.

Trade Logic

When a spike candle is detected, the EA opens in the opposite direction. A spike-and-reversal from highs means sell; a plunge-and-recovery from lows means buy. The bet: that breakout was a fake, and price will continue pulling back.

Exit Method

No fixed SL/TP in points. Instead, a bar-count timer closes the position after N candles — win or lose. If an opposite spike signal appears while a position is open, the EA flips automatically: closes the current trade and opens in the new direction.

Fixed lot sizing throughout. With no indicator calculations, the strategy is lightweight and executes fast.