Question 1

What type of strategy does Spook EA MT4 use?

Accepted Answer

It is a multi-timeframe divergence scalper that detects divergence on the current and higher timeframes and only trades when signals coincide for higher confirmation.

Question 2

Is it safe to use?

Accepted Answer

It avoids Martingale and Grid methods. However, the default MaxRisk = 30% is extremely aggressive. It is strongly recommended to lower this value (e.g., to 1–2%) for safer trading.

Question 3

What is the risk level?

Accepted Answer

High — due to the very high default risk setting (30%). With proper adjustment, the risk-reward ratio (1:3.33) becomes more attractive.

Question 4

What does the Sensitivity parameter do?

Accepted Answer

It controls how strict or lenient the entry conditions are. Higher values generally mean fewer but potentially higher-quality trades.

Question 5

Can I disable the Trailing Stop?

Accepted Answer

Yes. You can turn off Trailing-stop on/off if you prefer to use only fixed Take Profit.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders, but beginners should significantly reduce the MaxRisk value and test thoroughly on a demo account first.

Spook EA MT4Premium

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