Spook EA MT4 (Latest version) - Unlimited
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Spook EA MT4: Multi-Timeframe Divergence Scalper
Spook EA calculates divergence on the current and higher timeframes. It starts operation only when the divergences coincide, confirming the signal. The strategy uses a tight stop-loss and features strict Take Profit and Stop Loss levels for every deal, managed by a trailing stop.
➡️ Vendor website: View here
About the Author
This product is compiled by Evgeniy Zhdan. This author has more than +12 years of experience working on MQL5 with many famous products such as Spook EA, Odysseus EA, IncaGold EA, Stream Z50 EA, PinTrade MT4 and other advisors. Among them, Spook EA is his best performing product.
➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).
Spook EA MT4 Review
Key Features of Spook EA for MT4
🔹Dual-Timeframe Divergence: Calculates divergence on current and higher timeframes for signal generation.
🔹Coincidence Entry: Starts operation only in case the divergences coincide, ensuring high confirmation.
🔹Strict SL/TP: Deals have strict Stop Loss (SL) and Take Profit (TP) levels for defined risk and reward.
🔹Strategy Sensitivity Control: Sensitivity parameter controls the accuracy and frequency of market entries.
🔹Advanced Trailing: Features a trailing stop with Start, First Trailing Level, and Step settings.
What is the Spook EA trading strategy?
The core strategy is a high-confirmation divergence reversal/continuation approach. The EA focuses on identifying divergence signals—a strong indicator of an impending move—and verifies this signal across two different timeframes.
🔹High Confirmation Entry: Requires coincidence of divergences across different timeframes for signal validation.
🔹Tight Risk Management: Strategy involves the use of a tight stop-loss for quick exits on wrong moves.
🔹Sensitivity Tuning: Sensitivity parameter allows the trader to adjust accuracy versus trade frequency.
🔹Risk Percentage Sizing: MaxRisk calculates the lot size based on the maximum risk per trade.
Spook EA MT4 Review
🧩 The Spook EA backtest trading results achieved impressive profit performance for 27 months on the GBPUSD.
✅ Initial Deposit: $500
✅ Total Net Profit: $8.38 million
✅ Win Rate (% of total): 81.14%
✅ Maximum Drawdown: 2.93%
Spook EA MT4 Backtest
🧩 The Spook EA backtest trading results achieved impressive profit performance for 27 months on the EURUSD.
✅ Initial Deposit: $500
✅ Total Net Profit: $754,520.23
✅ Win Rate (% of total): 81.77%
✅ Maximum Drawdown: 18.73%
Spook EA Backtest
Why choose and use Spook EA?
🔹Exceptional Signal Quality: Dual-timeframe divergence confirmation leads to highly filtered trading opportunities.
🔹Disciplined Risk Control: Strict SL/TP and mandatory trailing stop ensure every deal is managed systematically.
🔹Customizable Entry: Sensitivity parameter provides flexibility to adapt to different market volatility conditions.
🔹Execution Control: Max Spread and Slippage parameters help ensure high-quality execution during fast moves.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M15 (15 minute chart) |
| Currency pairs | EURUSD, GBPUSD, USDJPY, USDCAD |
| Minimum / Recommended deposit | $100 |
| Minimum / Recommended leverage | Any |
| Account types | Any |
| Product type | NoDLL / Unlimited / Unlocked |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Experts: Spook EA_fix.ex4
Conclusion
In short, Spook for MT4 is a precision-engineered Expert Advisor built on dual-timeframe divergence analysis for superior signal accuracy. By confirming reversals and continuations across multiple frames, it ensures only the highest-quality entries. With strict SL/TP, adjustable sensitivity, and smart trailing control, Spook EA delivers powerful, disciplined, and consistent results — a true edge for traders seeking accuracy and performance.
User Reviews
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❓ What makes Spook EA different from other Expert Advisors?
Spook EA stands out for its dual-timeframe divergence detection, meaning it confirms trading signals only when divergences on both the current and higher timeframes match. This ensures high-accuracy entries and minimizes false signals compared to most EAs that rely on a single timeframe.
❓ Which currency pairs and timeframes does Spook EA work best with?
Spook EA is optimized for EURUSD, GBPUSD, USDJPY, and USDCAD on the M15 (15-minute) timeframe. These pairs were tested for more than 27 months in backtests, delivering the most consistent performance.
❓ What kind of trading strategy does Spook EA use?
It follows a divergence-based reversal/continuation strategy. The EA identifies when price movement diverges from an indicator (like RSI or MACD), then confirms that same divergence on a higher timeframe before placing a trade. This double-check method improves signal reliability.
❓ How does Spook EA manage risk and profit targets?
Each trade uses strict Stop Loss (SL) and Take Profit (TP) levels, along with a trailing stop system that locks in profits as the trade moves favorably. This disciplined setup helps protect capital and capture extended trends.
❓ What are the key adjustable parameters in Spook EA?
Important parameters include:
Sensitivity: Controls how strictly divergence signals are filtered.
MaxRisk: Defines the risk percentage per trade.
MaxSpread/Slippage: Ensures trades only execute under stable market conditions.
Trailing Levels: Fine-tunes profit protection steps.
❓ What are the results of Spook EA backtests?
According to verified backtests:
GBPUSD: $500 → $8.38M profit in 27 months, 81.14% win rate, 2.93% drawdown.
EURUSD: $500 → $754K profit in 27 months, 81.77% win rate, 18.73% drawdown.
These show strong performance under tight risk settings.
❓ Can I use Spook EA with any broker or account type?
Yes. Spook EA works with any broker or account type that supports MetaTrader 4 (MT4). However, it’s recommended to choose a broker with low spreads and fast execution for optimal performance.
❓ What is the minimum deposit required to run Spook EA?
The minimum deposit is $100, though a $500 or higher balance is recommended to fully utilize the EA’s risk management and scaling features.
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