Extreme_Spike

[Sumone]

Hi Team,
I am happy to find the indicator. Thank you so much. I am in MT4 platform user so is it possible to add an Extreme_Spike_martingale_EA for MQ4? Many blessings

[Apprentice]

Your request is added to the development list.
Development reference 550.

[Apprentice]

Extreme_Spike_martingale_EA added.
https://fxcodebase.com/code/viewtopic.p ... 45#p122745

[Sumone]

Extreme_Spike_martingale_EA added.
https://fxcodebase.com/code/viewtopic.p ... 45#p122745

Thank you so much, Dear. You are very helpful

[Sumone]

eurusd-h1-fxcm-australia-pty.png

Extreme_Spike.mq4

Extreme_Spike.mq5

Extreme_Spike EA.mq5

Extreme_Spike_martingale_EA.mq4

Hi Team,

Does anyone have the Multi Timeframe Indicator of this Extreme Spike in MT4? I was looking in the forum but unable to find it. If anyone can help me locate that would be great.

[Apprentice]

Multi Timeframe?
To be able to select higher time frames?

[Sumone]

Multi Timeframe?
To be able to select higher time frames?

So, its like MTF indicator. If the Regular EA is taking the trades on 5 min chart on inky Major spikes (buy side for this example), I want to make sure that the EA has the same signal like Major Spike (buy signal) on 4 hour chart to be more profitable and less repaints/loss. And not to take any trade on the opposite direction of the 4 hour chart. There would be periods of discrepancy when the signal changes from buy to sell on 4 hour chart, but if there is any way to stop the EA during that transition would be great. In that case may be insert 1 hour chart signal, so may be programmed like when 1 hour and 4 hour chart is in alingment of the same direction make the EA take the trade only for that one direction. And when there is a discrepancy in 1 hour chart (sell) and 4 hours Major Spike buy, the EA running on a 5 min chart or 15 mins chart will not take any trades. There can be an option on the EA whether the trader wants the EA to take the trades even when there is a signal discrepancy like True/False. Does that make any sense? Will that be more profitable ? I didn't run any simulation, just a concept. If anyone has any other suggestions, pls share here so that we can build a better EA from every one to be profitable. The new EA will only take trades on Major Spikes of buy or sell on lower time frame in conjunction with the higher time frames Major spike (buy/sell) direction. Also in the EA, trader will have the option which higher time frame to chose like s/he can set up 1 hour as higher time frame, 5 min to trade and not to take when 30 min time frame Major spikes for discrepancy measurement of not to take any trade when signals are not aligned in the same direction .

[Apprentice]

Your request is added to the development list.
Development reference 573.

[Sumone]

Your request is added to the development list.
Development reference 573.

Hi Apprentice,

Here is the observation I made with extreme spike, and for better accuracy to enter and exit trades and moreover when not to take trades I added Hiekn Ashi time frame and then follow the CCI+Fast Stochastics whichever signals last to enter and exit the trade. Here is the layman's Logic. If it is possible to make it in an EA, that would be great

#######LOGIC#####
sell side 1 min:

When the #MTF Heiken_Ashi M1 color is red it will only take sell-side trades on extreme spike indicator Major TOP Red spike (CCI has to below +100 and fast stochastics green line below 80 marks whichever comes last) with stop loss above the Major top. If the #MTF Heiken_Ashi M1 color is still red, but the extreme spike indicator signals Major blue bottom the EA will close the trade and wait for the sell-side trade with the same above condition.

The EA will not engage in any buy trade while the #MTF Heiken_Ashi M1 color is red. Only close at extreme spike indicator signals Major blue bottom and enter sell-side trades on extreme spike indicator, Major TOP Red.

Sometimes the extreme spike indicator changes into blue color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the sell-side trade whenever the extreme spike indicator changes into blue. This feature will protect the profit of the sell-side trade.

EA WILL NOT TO TRADE:
When the CCI doesn't come down from the above +100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. ( see choppy trade screenshot)

When the fast stochastic (GREEN LINE) doesn't come down from the above +80 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. (see choppy trade screenshot)

Buy Side 1 min:

When the #MTF Heiken_Ashi M1 color is blue it will only take buy-side trades on extreme spike indicator Major BOTTOM Blue spike (CCI has to above -100 and fast stochastics green line above 20 marks whichever comes last) with stop loss below the Major bottom. If the #MTF Heiken_Ashi M1 color is still blue, but the extreme spike indicator signals Major Red top the EA will close the trade and wait for the buy-side trade with the same above condition.

The EA will not take any sell trade while the #MTF Heiken_Ashi M1 color is blue. Only close at extreme spike indicator signals Major Red Top and enter buy-side trades on extreme spike indicator, Major Bottom Blue.

Sometimes the extreme spike indicator changes into red color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the buy-side trade whenever the extreme spike indicator changes into the blue to protect the profit. This feature will protect the profit of the buy-side trade.

EA WILL NOT TRADE:
When the CCI doesn't come up from below the -100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.

When the fast stochastic doesn't come UP (GREEN LINE) from below 20 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.

[Sumone]

For a better entry and exit and to avoid the repaint of the extreme indicator for the position open and close, one can replace the fast stochastic with a regular or slow stochastic . That means in the logic where it said fast stochastic, it has to be programmed with regular stochastic. And the logic would be the same, crossing over 80 lines or coming beneath 20 lines to enter a trade. The only drawback is since we are getting less repaint, and delayed entry for a better position, the stop loss needs to be wider to work it out. I ran both the fast and the regular stochastic. The fast stochastic will give a real-time view when the indicator is flapping up and down and the extreme indicator starts to repaint. But if we follow regular stochastic, then it is way less repaint with better accuracy. Below is the screenshot. Also, I added all the indicators I talked about in the logic.

Can we make the EA then ?

Your request is added to the development list.
Development reference 573.

Hi Apprentice,

Here is the observation I made with extreme spike, and for better accuracy to enter and exit trades and moreover when not to take trades I added Hiekn Ashi time frame and then follow the CCI+Fast Stochastics whichever signals last to enter and exit the trade. Here is the layman's Logic. If it is possible to make it in an EA, that would be great

#######LOGIC#####
sell side 1 min:

When the #MTF Heiken_Ashi M1 color is red it will only take sell-side trades on extreme spike indicator Major TOP Red spike (CCI has to below +100 and fast stochastics green line below 80 marks whichever comes last) with stop loss above the Major top. If the #MTF Heiken_Ashi M1 color is still red, but the extreme spike indicator signals Major blue bottom the EA will close the trade and wait for the sell-side trade with the same above condition.

The EA will not engage in any buy trade while the #MTF Heiken_Ashi M1 color is red. Only close at extreme spike indicator signals Major blue bottom and enter sell-side trades on extreme spike indicator, Major TOP Red.

Sometimes the extreme spike indicator changes into blue color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the sell-side trade whenever the extreme spike indicator changes into blue. This feature will protect the profit of the sell-side trade.

EA WILL NOT TO TRADE:
When the CCI doesn't come down from the above +100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. ( see choppy trade screenshot)

When the fast stochastic (GREEN LINE) doesn't come down from the above +80 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision. (see choppy trade screenshot)

Buy Side 1 min:

When the #MTF Heiken_Ashi M1 color is blue it will only take buy-side trades on extreme spike indicator Major BOTTOM Blue spike (CCI has to above -100 and fast stochastics green line above 20 marks whichever comes last) with stop loss below the Major bottom. If the #MTF Heiken_Ashi M1 color is still blue, but the extreme spike indicator signals Major Red top the EA will close the trade and wait for the buy-side trade with the same above condition.

The EA will not take any sell trade while the #MTF Heiken_Ashi M1 color is blue. Only close at extreme spike indicator signals Major Red Top and enter buy-side trades on extreme spike indicator, Major Bottom Blue.

Sometimes the extreme spike indicator changes into red color, signaling major bottom after a few minutes of minor trade signal. So in this case the EA will close the buy-side trade whenever the extreme spike indicator changes into the blue to protect the profit. This feature will protect the profit of the buy-side trade.

EA WILL NOT TRADE:
When the CCI doesn't come up from below the -100 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.

When the fast stochastic doesn't come UP (GREEN LINE) from below 20 zone, the EA will not take sell trade to avoid Choppy trade and multiple short trades due to market indecision.