SuperTrend Strategy MT5 – Free Spike Detector

SuperTrend Strategy MT5

SuperTrend Strategy Review

Forex trading is a complex and challenging activity that requires a lot of skills, knowledge, and discipline. One of the key elements of successful trading is having a reliable trading strategy that can provide you with clear entry and exit signals. In this article, we will discuss a trend-following system called Spike Detector with SuperTrend MT5, which can be used for spike hunting and classic trend trading.

SuperTrend Strategy Description

Spike Detector with SuperTrend MT5 is a trading system designed to help traders identify trend direction and potential spikes in the market. The system is based on several technical indicators, including Fischer, Stochastic, RSI, Min-Max indicator, Heiken Ashi smoothed, and Arrow Min Max. These indicators work together to provide traders with clear signals for entering and exiting trades.

Best Brokers ListΒ 

The SuperTrend Strategy works with any broker and any type of account, but we recommend our clients use one of theΒ top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
SuperTrend Strategy MT5 - Free Spike Detector 4Register2007
πŸ‡¦πŸ‡Ί Australia
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡§πŸ‡Έ The Bahamas
πŸ‡ΈπŸ‡Ώ Seychelles
1:1000$200ASIC, SCB, FSA
SuperTrend Strategy MT5 - Free Spike Detector 5Register2008
πŸ‡¨πŸ‡Ύ Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
SuperTrend Strategy MT5 - Free Spike Detector 6Register2009
πŸ‡§πŸ‡Ώ Belize
1:2000$10CySEC, IFSC
SuperTrend Strategy MT5 - Free Spike Detector 7Register2009
πŸ‡§πŸ‡Ώ Belize
1:3000$1IFCS
SuperTrend Strategy MT5 - Free Spike Detector 8Register2009
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡¦πŸ‡Ί Australia
πŸ‡§πŸ‡Ώ Belize
πŸ‡¦πŸ‡ͺ Emirates
1:1000$5 ASIC, CySEC , IFSC
SuperTrend Strategy MT5 - Free Spike Detector 9Register2010
πŸ‡¦πŸ‡Ί Australia
1:500$200FCA , ASIC, DFSA
SuperTrend Strategy MT5 - Free Spike Detector 10Register2011
πŸ‡¬πŸ‡§ England
1:500$25CySEC
SuperTrend Strategy MT5 - Free Spike Detector 11Register2006
πŸ‡ͺπŸ‡­ Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

SuperTrend Strategy Setting

SuperTrend Strategy MT5 - Free Spike Detector 12

Setup SuperTrend Strategy

The Spike Detector with SuperTrend MT5 is a type of price action and trend-following strategy that can be used for day trading and scalping. Traders can use this system on any time frame, from 1 minute or higher, and with any currency pairs, majors, minors, or indices.

Trading Rules

To use the Spike Detector with SuperTrend Strategy MT5, traders should follow the following rules:

Buy

SuperTrend Strategy MT5

  1. Look for an alert of possible spike appearance.
  2. Fischer begins to agree.
  3. Stochastic begins to cross upwards.
  4. RSI approaches level 30.
  5. The blue bar of the Min-Max indicator shows us that the trend is important.
  6. Heiken Ashi smoothed (blue) agrees with the main trend.
  7. Arrow Min Max informs us that the main trend could change.

Sell

SuperTrend Strategy MT5 - Free Spike Detector 13

  1. Look for an alert of possible spike appearance.
  2. Fischer begins to agree (red bar).
  3. Stochastic begins to cross downwards.
  4. RSI approaches level 70.
  5. The red bar of the Min-Max indicator shows us that the trend is important.
  6. Heiken Ashi smoothed (red) agrees with the main trend.
  7. Arrow Min Max informs us that the main trend could change.

Exit Position

SuperTrend Strategy MT5

Place the initial stop loss below/above the super trend line. Close the position at the opposite signal or at the level of support/resistance.

Expert Note At a time frame of 15 or higher, traders can use the spike indicator to enter the trend when the candle retraces near the super trend line. For confirmation, traders can use stochastic to insert in the template. The stochastic setting is (5,3,3, close).

Conclusion

The Spike Detector with SuperTrend Strategy MT5 is a trend-following system that can be used for spike hunting and classic trend trading. It is based on several technical indicators that work together to provide traders with clear entry and exit signals. To use this system, traders should follow the trading rules and place their initial stop loss below/above the super trend line. By using this system, traders can improve their trading performance and achieve their financial goals.

SuperTrend Strategy Free Download

We highly recommend trying the SuperTrend Strategy MT5 with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Get SuperTrend Strategy MT5

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SuperTrend Strategy MT5 – Free Spike Detector
Contents 1 SuperTrend Strategy Review 2 SuperTrend Strategy Description 3 Best Brokers List 4 SuperTrend Strategy Setting 5 Setup SuperTrend Strategy 6 Trading Rules 6.1 Buy 6.2 Sell 7 Exit Position 8 Conclusion 9 SuperTrend Strategy Free Download SuperTrend Strategy Review Forex trading is a complex and challenging activity that requires a lot of skills,

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.