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Name: Spike Hunt EA
Version: Latest Version
Developer by: Noppadon Boonpromuppatham
The Right Platform: Meta Trader 5 (MT5)
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Spike Hunt EA MT5 – The Art of Profiting from Market Reversals After Sharp Price Spikes
As a trader with over 20 years of experience in algorithmic trading, I can confidently say that the Spike Hunt EA MT5 represents one of the most disciplined and intelligent counter-trend strategies available today. This Expert Advisor is built to capture rapid reversals after extreme price spikes, a recurring behavior in all financial markets — from Forex to commodities and indices.
Instead of chasing trends, Spike Hunt EA MT5 focuses on precision, timing, and controlled risk, turning volatility into opportunity while maintaining institutional-grade discipline.
At its heart, Spike Hunt EA is a reversal-detection system powered by a blend of Bollinger Band breakouts, candlestick structure analysis, and multi-filter confirmation logic. The system doesn’t guess direction — it waits for the market to show its hand.
The EA constantly scans for candles that pierce the outer Bollinger Bands, indicating overbought or oversold market conditions — the typical setup before a momentum exhaustion.
When price closes back inside the bands, the system interprets this as momentum failure — a signal that smart money might be reversing the move.
Spike Hunt EA analyzes candle anatomy — long wicks and small bodies — confirming strong price rejection. Only after all technical layers align does the EA prepare to execute.
Once confirmed, the EA places a counter-directional trade, targeting the reversal that often follows these high-impact spikes — aiming for consistent profits from the market’s natural corrections.
🎯 Precision Spike Logic
The EA’s entire architecture revolves around identifying and exploiting “spike rejection” candles — high-probability reversal signals backed by market statistics and historical behavior.
Dynamic Stop Loss & Take Profit: Automatically calculated from the spike’s candle size, ensuring proportional risk in every trade.
Automatic Lot Sizing: Position sizes scale according to account equity and risk percentage.
Max Lot Safety Cap: Prevents oversized trades during extreme volatility.
ADX Filter: Detects trend strength to determine whether reversal trades are statistically favorable.
RSI Filter: Confirms overbought/oversold zones for added accuracy.
Volume Filter: Ensures the spike is supported by a genuine liquidity surge.
Candle Size Filter: Excludes false spikes by comparing candle length to ATR-based volatility standards.
Trailing Stop System: Locks in profit dynamically as price reverses.
Break-Even Function: Moves Stop Loss to entry level once initial targets are met.
Time Filter Control: Enables users to restrict trading activity to specific sessions or weekdays for precision control.

With decades in the market, I’ve learned one universal truth — price always overreacts before it corrects. Spike Hunt EA is designed to capitalize on that very phenomenon.
Spike Hunt EA has demonstrated precise and disciplined performance, confirming its ability to generate consistent profits from market reversals while maintaining exceptional drawdown control.
The backtest results highlight the system’s strong profit factor of 2.04, paired with a maximum drawdown of just 4.00%, proving its ability to balance profitability and capital protection — two traits that define professional-grade trading systems.
By combining candlestick reversal recognition, Bollinger Band breakouts, and multi-filter validation, Spike Hunt EA capitalizes on overextended price spikes and captures high-probability reversals with remarkable accuracy.



| Name | Fit |
|---|---|
| Trading platform | Meta Trader 5 (MT5) |
| Time frames | M15, M30, H1. |
| Currency pairs | GBPUSD, EURUSD, and XAUUSD (Gold) |
| Min / Recommended deposit | $10000 |
| Min / Recommended leverage | Any |
| VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗