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Spook is an MT4 expert advisor that compares divergence on the chart timeframe with a higher timeframe and opens trades only when both agree. Each trade has a fixed take profit and stop loss, with an optional trailing stop.
Get one message the moment it launches, with its price.
Spook is an automated expert advisor for MetaTrader 4. It looks for divergence on the chart it is attached to and on a higher timeframe, and it only opens a position when the two readings agree.
The EA calculates divergence on the current timeframe and compares it with the signal from a higher timeframe. When both point the same way, it places a trade. Requiring agreement between two timeframes is meant to filter out weaker setups, although it does not remove losing trades.
Every position is opened with a fixed take profit and stop loss. A trailing stop can be enabled to move the stop as price goes in favour of the trade. The author describes the approach as using a tight stop loss, so losing trades and runs of losses are a normal part of how it operates. It is not suited to anyone who finds that hard to accept.
The suggested setup is to run the EA on four major pairs at the same time, each on an M15 chart:
Other symbols or timeframes may behave differently, so test them thoroughly before using real funds.
The inputs cover signal sensitivity, position sizing, exits and execution filters. Exact default values depend on the build you receive, so read them in the inputs tab and test them in the Strategy Tester and on a demo account.
| Input | Purpose |
|---|---|
| Sensitivity | Higher values give more selective, less frequent entries |
| MaxRisk | Maximum risk used to calculate lot size |
| Lot (when MaxRisk is 0) | Fixed lot size |
| Take Profit / Stop Loss | Fixed exit levels for each trade |
| Trailing stop on/off | Enables the trailing stop |
| Trailing Start | Points of profit needed to activate trailing |
| First Trailing Level | First stop loss level once trailing begins |
| Trailing Step | Step size of the trailing stop |
| Slippage | Allowed slippage on orders |
| Max Spread | Highest spread at which trades may open |
| Magic | Number identifying the EA's orders |
| Comment to order | Text added to opened orders |
Trading carries risk and you can lose part or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
Because stops are tight, spread and slippage matter. Use a broker with low spreads and consistent execution, and review the Max Spread and Slippage inputs for your account type. Check any minimum deposit or leverage advice with the author before trading live.
For continuous operation, keep the terminal running on a stable connection or a VPS.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Strategy | Divergence on current and higher timeframe |
| Suggested markets | EURUSD, GBPUSD, USDJPY, USDCAD |
| Suggested timeframe | M15 |
| Trade management | Fixed TP and SL, optional trailing stop |
| Money management | Risk-based lot or fixed lot |
| Requirements | Algo trading enabled, stable connection or VPS |
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No. This listing is the MetaTrader 4 build and will only run on MT4. If you trade on MT5 you need a version made for that platform.
The author suggests running it on EURUSD, GBPUSD, USDJPY and USDCAD, each on an M15 chart, at the same time. Check that your broker offers these symbols and test any others before using them.
Yes, losing trades and losing series should be expected. The strategy uses a tight stop loss, so individual losses are common. Trading carries risk and past results do not predict future ones.
Use the MaxRisk input to size lots from a risk figure, or set it to zero and the EA uses the fixed lot input. Confirm how MaxRisk is calculated in a demo account before going live.
Copy the file into the MQL4/Experts folder through File, Open Data Folder, then restart MT4 or refresh the Navigator. Attach it to a chart and enable algo trading.
Yes, you can attach it to several charts. Give each chart its own Magic number so the orders stay separate, and review the Comment setting for easy identification.
Spook
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