Spike Sniper Algorithm

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Spike Sniper Algorithm V2.1: Technical & User Manual

This is the technical and user manual for the Spike Sniper Algorithm V2.1. This system has been specifically designed to trade Synthetic Indices (Boom/Crash) using a high-probability approach based on trend alignment and statistical candle cycles.

1. Main Features

The bot utilizes a combination of three confirmation pillars before executing an entry:

• Dual Trend Filter (Multi-Timeframe): It does not only analyze the immediate 1-minute (M1) trend; it features a second trend filter to confirm that the macro trend is aligned with the micro trend.

• Statistical Analysis: Reaction frequency analysis.

• Smart Risk Management: Includes a "Cooldown" system that halts trading after a losing streak to protect capital during sideways markets for a configurable duration (minimum 1 hour recommended).

2. Parameter Description (Input Settings)

I. Core Configuration

• Index Type: Select whether you will trade Boom (Buys) or Crash (Sells).

• Lot Size: Transaction volume. It automatically adjusts to the minimum allowed if the entered value is too low.

• Max Open Positions: Maximum number of parallel trades allowed.

II. Frequency Filter

• Candle Distance: Minimum number of candles required between one operation and the next to prevent over-trading.

III. Risk Management

• Manual SL: Stop Loss measured in points.

• Auto Breakeven: If the price moves in your favor, the bot moves the SL to the entry price plus a small commission to ensure a "risk-free" trade.

• Trailing Stop (Distance & Activation): The SL "follows" the price once a configured profit level is reached.

• Max Consecutive Losses: If the bot loses this many times in a row (e.g., 2), it locks itself.

• Pause Minutes: Duration of the lockout after a losing streak (e.g., 60 min).

IV. Trend Filters

• Use Trend Filter: Enables/Disables the 50-period Exponential Moving Average (EMA).

• Candle Confirmation: How many candles must close above/below the EMA to consider the trend valid.

• H1 Filter: Enables trend validation on the 1-hour timeframe.

• ADX Filter: Indicator used to measure market range/sideways movement.

3. Dashboard Guide (Graphic Interface)

The bot includes a real-time information display in the upper-left corner:

4. Safety Recommendations

• Environment: Designed for MetaTrader 5 (MT5).

• Assets: Optimized for Boom 500/1000 and Crash 500/1000 indices.

• Timeframe: The bot must be placed on the 1-Minute (M1) chart, even though it processes H1 data internally.

• Capital: It is recommended that each losing streak (2 consecutive SLs) represents no more than 1-2% of the total account balance.

Note: This bot is an assistive tool. Although it includes advanced filters, synthetic indices are highly volatile. It is strongly recommended to test on a Demo account before trading with Real funds.