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 

Relat­ed Posts
Expert Advisor RobotAlligator
This is a pro­fes­sion­al trad­ing robot, which imple­ments the clas­si­cal Alli­ga­tor based trad­ing strat­e­gy. A sig­nal is formed when the Alli­ga­tor trend changes. If the Jaw, Teeth and Lips are …
READ MORE
Expert Advisor Averager FULL
Aver­ager is intend­ed for aver­ag­ing your deals that has had a draw­down or had gone against the trend. An exam­ple of oper­a­tion of the aver­ager in an Expert Advi­sor for the …
READ MORE
Expert Advisor TradeCopier follow
If you want some­thing as below: Sell FOREX trad­ing sig­nal. Man­age mul­ti­ple accounts. Fol­low the trad­ing from some­body. “TradeCopier_follow” and “TradeCopier_source” can help you! Fea­tures: Copy­ing from one source (mas­ter) account to mul­ti­ple fol­low­er (slave) accounts. Allow …
READ MORE
Expert Advisor PZ Whale EA MT5
Are you a trend fol­low­er? The Pz Whale EA helps you to nav­i­gate the mar­kets just like hedge funds do. Since 1970’s and ear­li­er, sim­ple trend fol­low­ing sys­tems have demon­strat­ed …
READ MORE
Expert Advisor TrendValuerTrading
Trend­Val­uer­Trad­ing is a mod­i­fi­ca­tion of the free Trend­Val­uer Expert Advi­sor. The stan­dard set of func­tions allow­ing the trad­ing robot to work on a real mar­ket has been added. Mod­e­Hu­ru mode has been …
READ MORE
Expert Advisor FXR BEGINNER  MT5
FOREX ROCKET — We are the team of pro­fes­sion­al traders. Few years ago, while study­ing expe­ri­ence of suc­cess­ful traders, we have worked out our own trad­ing sys­tem. We suc­cess­ful­ly trade and …
READ MORE
Expert Advisor KandilaFx
Kandi­laFx is the Expert Advi­sor for a suc­cess­ful trad­er. Kan­dlilaFx does not con­trol the mas­ter but helps its mas­ter to be an good trad­er. It gives good hints to its user …
READ MORE
Expert Advisor RobotNRTR
This is a pro­fes­sion­al trad­ing robot, which imple­ments the strat­e­gy of trad­ing inside the NRTR Chan­nel. A sig­nal is formed when the NRTR trend changes. If the NRTR indi­ca­tor shows …
READ MORE
Expert Advisor ScalperiorFX CCI MT5
Infor­ma­tion Scalpe­ri­or­FX CCI uses the built-in Com­mod­i­ty Chan­nel Index (CCI). It is a Sol­id Trend-fol­low­ing EA that uses the rela­tion­ship of CCI, MACD and three Sim­ple Mov­ing Aver­ages (10-day EMA Short-Term; …
READ MORE
Expert Advisor Equity ProfitLoss Control
Equi­ty Prof­it­Loss Con­trol is an Expert Advi­sor that con­trols equi­ty con­sid­er­ing the ini­tial bal­ance. The Expert Advi­sor clos­es all posi­tions when an equi­ty val­ue spec­i­fied in per­cent­age or deposit cur­ren­cy …
READ MORE
Expert Advi­sor Rob­o­t­Al­li­ga­tor
Expert Advi­sor Aver­ager FULL
Expert Advi­sor Trade­Copi­er fol­low
Expert Advi­sor PZ Whale EA
Expert Advi­sor Trend­Val­uer­Trad­ing
Expert Advi­sor FXR BEGINNER
Expert Advi­sor Kandi­laFx
Expert Advi­sor Robot­NRTR
Expert Advi­sor Scalpe­ri­or­FX CCI MT5
Expert Advi­sor Equi­ty Prof­it­Loss Con­trol

Leave a Reply

 

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.