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H AP Spike Trader is an MT5 expert advisor that follows price spikes on EURUSD M5. It holds at most three positions, gives each a fixed stop loss and take profit, and lets you cap total risk with a percentage input.
Get one message the moment it launches, with its price.
H AP Spike Trader is an automated expert advisor for MetaTrader 5 that looks for sharp price spikes on EURUSD and trades in their direction on the M5 chart. It keeps its structure simple: a small number of positions, fixed exit levels and a percentage-based risk cap.
The core idea is spike following. When the market makes a sudden, fast move, the EA treats it as a signal and opens a trade in that direction rather than waiting for a reversal. The store tags the product with support and resistance and volume, which points to price levels and activity being part of how it judges a move. The exact entry rules are not published in detail, so treat the logic as a black box and judge it through testing.
The EA is built for EURUSD on the M5 timeframe. Attach it to a single EURUSD M5 chart. Check with your broker that the symbol name, spread and execution conditions suit short-term trading, since M5 systems can be sensitive to wide spreads and slippage.
There are only two inputs, and the EA is meant to run without further configuration.
| Input | Purpose |
|---|---|
| Loss | Highest percentage of your account you accept risking across all positions opened together. The EA stops placing new orders once that level would be exceeded. |
| xLot | Sets the constant volume of the main orders. Read the notice above the inputs to see how the number converts to lot size. |
Larger volume raises both potential gains and potential drawdown. Run the Strategy Tester over a long period with your own broker data, then study the drawdown and net profit reports before you choose values.
Fixed stop losses and a risk cap limit exposure per cycle, but they do not remove the possibility of losses, gaps or slippage. Choose a volume you can afford and begin on a demo account.
Trading carries risk, and past results, including backtests, do not predict future ones. Only trade with money you can afford to lose.
For continuous operation, run the terminal on a VPS so the EA is not interrupted.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Support and resistance, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Market | EURUSD |
| Timeframe | M5 |
| Trade style | Spike following, fixed SL and TP, up to 3 positions |
| Strategy tags | Support and resistance, volume |
| Inputs | Loss (risk percentage) and xLot (volume) |
| Requirements | Stable connection; a VPS is advisable for continuous running |
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The EA is designed for EURUSD on the M5 chart. Attach it to that chart only. Other symbols and timeframes are not what it was built for, so results there cannot be assumed to resemble the intended behaviour.
This listing is for MetaTrader 5. An MT4 build of the same idea may exist as a separate product, so check the platform shown on the product page before you buy, because MT4 and MT5 files are not interchangeable.
The EA has to run continuously to see spikes and manage its positions, so a VPS or an always-on computer with a stable connection is advisable. If the terminal is closed, the EA cannot act.
No fixed minimum is given. Account size, broker contract specifications and your chosen volume all interact with the risk cap. Test your own inputs in the Strategy Tester and review the drawdown figures before going live.
Loss sets the highest percentage of your account you are willing to risk across all positions opened together; the EA stops placing orders when that level would be exceeded. xLot sets the base volume of the main orders. Read the notice shown above the inputs to see how the number maps to lot size on your account.
Backtests are only a guide. They depend on data quality, spreads and your inputs, and trading carries risk. Past results do not predict future ones, so run your own tests and start with a small volume on a demo account.
H AP Spike Trader
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