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Forex Spike
Detective

Forex Spike Detective

Official User's Manual Version 1.1.0
Installation and setup.
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TABLE OF CONTENTS
01| About Forex Spike Detective

02| Forex Spike Detective Installation Tutorial

2.1| Installing Forex Spike Detective

2.2| Running Forex Spike Detective
2.3| Testing Forex Spike Detective

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10
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03| How To Use Forex Spike Detective

3.1|
3.2|
3.3|
3.4|

How
How
How
How

to
to
to
to

use
use
use
use

Forex
Forex
Forex
Forex

Spike
Spike
Spike
Spike

04| Contact Information

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Detective
Detective
Detective
Detective

For
For
For
For

Scalpers?
Daytraders?
Swing Traders?
Long-Term Traders?

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01 |

About Forex Spike

Detective

What is a forex spike?

A forex spike is a a sudden, significant change in value of a currency
pair, plainly visible on shorter timeframe charts like the 1 min or the 5
min. Spikes in the forex market are often caused by news releases and
unexpected events such as central bank interventions.

What is ForexScanner Forex Spike Detective?

Forex Spike Detective will scan the forex market for sudden spikes and
will alert you in real-time. For example: Price at GBPJPY moved 60
pips
Forex Spike Detective Advantages
You no longer need to watch the charts like a shark for possible
breakouts or spikes. The spike detective will watch the markets for you
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and alert you in real-time with both a pop up window and audible alert.
It will scan the 1 min charts (scalpers), 5 min charts (daytraders), 1
hour charts (swing traders) and daily charts (long-term traders).
Forex Spike Detective works for 19 currency pairs and 4
timeframe's :
Currency pairs: EURUSD, GBPUSD, USDCHF, AUDUSD, USDJPY,
USDCAD, NZDUSD, GBPJPY, EURCHF, EURJPY, EURGBP, EURCAD,
EURAUD, AUDJPY, CHFJPY, GBPCHF, AUDCAD, AUDNZD and CADJPY.
Timeframe's: 1 min, 5 min, 1 hour and dailies.
As a result, ForexScanner Spike Detective scans a total of 76 forex
charts for possible spikes in the market.

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Spike Detective
Installation Tutorial
02 |

2.1 Installing Forex Spike Detective

Along with this manual, you've received a zipped file which contains 4
indicators, 4 templates and 1 profile. Please copy the zipped file to
your desktop or your preferred windows folder. Then unzip the
ForexSpikeDetective.zip file. You can download a free tool to unzip
files here. Now double click the unzipped file.
The unzipped ForexSpikeDetective file contains three folders.

Step 2.A

Double click the experts folder to open > double click the
indicators folder inside the experts folder to open.
Copy all indicators (4), to the MetaTrader4/experts/indicators
folder located on your computer.
Step 2.B

Double click the templates folder to open.

Copy all templates to the MetaTrader4/templates folder located
on your computer.

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Step 2.C

Double click the profiles folder to open.

Copy the profile to your the MetaTrader4/profiles folder located
on your computer.

That's it!

2.2 Running Forex Spike Detective

After you've finished the above installation procedure, just start the
MetaTrader 4 Client from your desktop or from the Start menu via
MT4's shortcut.
If the MT4 Client was running while you installed the Spike Detective,
you have to restart MT4 (exit and re-start it again), otherwise you
won't be able to use it.

2.3 Testing Forex Spike Detective

A. Make sure Metatrader4 is running on your computer.
B. Testing Forex Spike Detective

Click on the File menu at the top-left corner >

Select the profiles option >
Select the ForexSpikeDashBoard Profile

You will notice how 4 charts pop up in your MT4 platform screen: GBP/
JPY 1 min chart, EUR/USD 5 min chart, EUR/USD 1 hour chart and
finally the EUR/USD daily chart.
FAQ: One of the charts doesn't load properly and shows
Waiting for update? What am I supposed to do now?
Solution: Remove the chart for the profile and open a new chart, then
attach the appropriate spike detective indicator. For instance, the GBP/
JPY 1 min chart doesn't load properly. Remove the chart and open a 1

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min chart GBP/JPY chart, then attach the ForexSpikeScalper.ex4

indicator and you're done.
We recommend you to re-adjust them to fit your screen by clicking on
the window menu, and selecting the tile vertically option.
Congratulations. Youre done!
Welcome to ForexScanner Spike Detective
Your MT4 screen should look like the picture below:

PS. If you are unsure about your installation, please send us a

screenshot so we can verify with our installation.

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How To Use The

Forex Spike Detective?
03 |

3.1 How to use Forex Spike Detective for scalpers?

Attach the ForexSpikeScalpers template to the EUR/USD 1 min chart.
The spike indicator will send out an alert in real-time, both pop up and
audible alert once the number of pips movement reaches the following
values:
EURUSD PIPS = 18
GBPUSD PIPS = 25
USDCHF PIPS = 18
AUDUSD PIPS = 18
USDJPY PIPS = 18
USDCAD PIPS = 18
NZDUSD PIPS = 18
GBPJPY PIPS = 30
EURCHF PIPS = 18
EURJPY PIPS = 25
EURGBP PIPS = 22
EURCAD PIPS = 25
EURAUD PIPS = 25
AUDJPY PIPS = 25
CHFJPY PIPS = 21
GBPCHF PIPS = 26
AUDCAD PIPS = 18
AUDNZD PIPS = 18
CADJPY PIPS = 25
You can easily modify the default pip values as follows:

Click with the right mouse button on any point in the chart
EUR/USD chart >

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Click with the left mouse the indicators list to open the
indicators window >

Now click the ForexSpikeScalper.ex4 indicator once >

Click the edit button> Then select the Inputs tab

Modify the pip values > Finally click the ok button and close the
indicators window.

For instance, you want to be alerted when the GBP/JPY moves

40 pips within the 1 min timeframe.
Follow the steps above in order to change the GBP/JPY default pip
value to 40. Then click ok and close the indicators window. That's it.

3.2 How to use Forex Spike Detective for daytraders?

Attach the ForexSpikeDaytraders template to the EUR/USD 5 min
chart.
The spike indicator will send out an alert in real-time, both pop up and
audible alert once the number of pips movement reaches the following
values:
EURUSD PIPS = 35
GBPUSD PIPS = 50
USDCHF PIPS = 35
AUDUSD PIPS = 35
USDJPY PIPS = 35
USDCAD PIPS = 35
NZDUSD PIPS = 35
GBPJPY PIPS = 60
EURCHF PIPS = 30
EURJPY PIPS = 45
EURGBP PIPS = 38
EURCAD PIPS = 50
EURAUD PIPS = 50
AUDJPY PIPS = 50
CHFJPY PIPS = 40
GBPCHF PIPS = 50

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AUDCAD PIPS = 35
AUDNZD PIPS = 35
CADJPY PIPS = 50
You can easily modify the default pip values as follows:

Click with the right mouse button on any point in the chart
EUR/USD chart >
Click with the left mouse the indicators list to open the
indicators window >

Now click the ForexSpikeDaytrader.ex4 indicator once >

Click the edit button> Then select the Inputs tab

Modify the pip values > Finally click the ok button and close the
indicators window.

For instance, you want to be alerted when the GBP/USD moves

60 pips in the 5 min timeframe.
Follow the steps above in order to change the GBP/USD default pip
value to 60. Then click ok and close the indicators window.

3.3 How to use Forex Spike Detective for swing traders?

Attach the ForexSpikeSwing template to the EUR/USD 1 hour chart.
The spike indicator will send out an alert in real-time, both pop up and
audible alert once the number of pips number of pips movement
reaches the following values:
EURUSD PIPS = 80
GBPUSD PIPS = 100
USDCHF PIPS = 75
AUDUSD PIPS = 72
USDJPY PIPS = 80
USDCAD PIPS = 85
NZDUSD PIPS = 75
GBPJPY PIPS = 90
EURCHF PIPS = 70
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EURJPY PIPS = 80
EURGBP PIPS = 65
EURCAD PIPS = 90
EURAUD PIPS = 90
AUDJPY PIPS = 90
CHFJPY PIPS = 75
GBPCHF PIPS = 90
AUDCAD PIPS = 75
AUDNZD PIPS = 75
CADJPY PIPS = 90
You can easily modify the default pip values as follows:

Click with the right mouse button on any point in the chart
EUR/USD chart >
Click with the left mouse the indicators list to open the
indicators window >

Now click the ForexSpikeSwing.ex4 indicator once >

Click the edit button> Then select the Inputs tab

Modify the pip values > Finally click the ok button and close the
indicators window.

For instance, you want to be alerted when the EUR/AUD moves

50 pips in the 1 hour timeframe.
Follow the steps above in order to change the EUR/AUD default pip
value to 50. Then click ok and close the indicators window.

3.4 How to use Forex Spike Detective for long-term traders?

Attach the ForexSpikeLongTerm template to the EUR/USD daily chart.
The spike indicator will send out an alert in real-time, both pop up and
audible alert once the number of pips number of pips movement
reaches the following values:
EURUSD PIPS = 160
GBPUSD PIPS = 200
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USDCHF PIPS = 150

AUDUSD PIPS = 150
USDJPY PIPS = 150
USDCAD PIPS = 160
NZDUSD PIPS = 150
GBPJPY PIPS = 200
EURCHF PIPS = 110
EURJPY PIPS = 180
EURGBP PIPS = 110
EURCAD PIPS = 200
EURAUD PIPS = 200
AUDJPY PIPS = 200
CHFJPY PIPS = 150
GBPCHF PIPS = 200
AUDCAD PIPS = 160
AUDNZD PIPS = 160
CADJPY PIPS = 180
You can easily modify the default pip values as follows:

Click with the right mouse button on any point in the chart
EUR/USD chart >
Click with the left mouse the indicators list to open the
indicators window >

Now click the ForexSpikeLongTerm.ex4 indicator once >

Click the edit button> Then select the Inputs tab

Modify the pip values > Finally click the ok button and close the
indicators window.

For instance, you want to be alerted when the GBP/JPY moves

300 pips in the daily timeframe.
Follow the steps above in order to change the GBP/JPY default pip
value to 300. Then click ok and close the indicators window. That's it.

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04 |

Contact Information

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