SuperTrend Strategy MT5 – Free Spike Detector

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 List 

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

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

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SuperTrend Strategy Setting

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

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

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

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