Use Case
Pure price action strategy trading reversals after spike candles. Most effective during high-volatility sessions.
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.
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$199
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Platform
MT5
Last Update
Jul 2026
Features
- Pure price action with zero indicator dependency
- Bar-count timer exit with auto position flip on opposing signals
- Automatic spike candle detection with counter-direction entry
Need Custom Features?
Extend this EA with custom functionality or strategy adjustments
