Spike Trader
From the Old Kings archive: Spike Trader, an expert advisor (trading robot) for MetaTrader 5. It has 6 settings, for example Lots (default 0.1), Slippage (default 30) and Hold (default 11). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq5) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT5 · v1.0 · Free
About Spike Trader
Spike Trader is an expert advisor (trading robot) for MetaTrader 5. It has 6 settings, such as Lots, Slippage and Hold. MQL source code included.
Files in the download: SpikeTrader.mq5.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| Slippage | 30 | Maximum slippage allowed when opening a trade |
| Hold | 11 | |
| Bars number | 3 | |
| Percentage difference | 0.003 | |
| Third or half | 0.5 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Experts.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: MT5 Expert Advisor · MQL5 Source Code