Indicator PZ Price Spike EA MT5

Buy PZ Price Spike EA MT5 Expert Advisor in the store selling algo trading systems

The PZ Price Spike EA trades price spikes tak­ing place in a short time win­dow, which is a uni­ver­sal Forex scalp­ing strategy.

Exam­ple of the EA log­ic: Buy if the price spikes up 10 pips in less than 15 sec­onds, and the oppo­site for shorts.

  • It can trade any Forex pair
  • Every input para­me­ter is self-explanatory
  • Cus­tomiz­able price spike and time window
  • Cus­tomiz­able SL, TP and Trail­ing Stop
  • Cus­tomiz­able trad­ing hours
  • Min­i­mal drawdown

Oth­er cool fea­tures are:

  • Option­al­ly, trad­ing deci­sions can be reversed
  • Max. Spread Option: Trades can be ignored if the spread is too high
  • Trad­ing is FIFO compliant

The out­come of tick scalp­ing is dif­fi­cult to pre­dict due to many fac­tors, but with Pz Tick Scalper EA you are in full con­trol of the trad­ing settings.

Trading

Tick scalpers are dan­ger­ous because many fac­tors can ruin the pay­off. Vari­able spreads and slip­page decrease the math­e­mat­i­cal expectan­cy of the trade, a low tick den­si­ty from the bro­ker can cause phan­tom trades, the stop lev­el under­mines your abil­i­ty to secure prof­its and net­work lag means requotes. Cau­tion is advised. In order to trade this EA, you need the following.

  • A good bro­ker, with low spreads and stop levels.
  • A good Inter­net connection.
  • A lot of stamina.

Backtesting

The Expert Advi­sor uses tick data, not time­frame data. Back­test any time­frame in “Every tick” mode and play to find the best parameters.

It is rec­om­mend­ed to back­test this Expert Advi­sor on a MetaQuotes demo account.

If your bro­ker can han­dle a tight trail­ing stop, the per­for­mance will increase.

Author

Arturo López Pérez, pri­vate investor and spec­u­la­tor, soft­ware engi­neer and founder of Point Zero Trad­ing Solutions.

PZ Price Spike EA MT5 

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