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Pain and Gain Spike Indicator (MT5) — review, price and free alternatives
MT5 indicator$50 on MQL5by Hendrik Lodewyk Coetsee
Pain and Gain Spike Indicator is a MetaTrader 5 indicator by Hendrik Lodewyk Coetsee, sold on the MQL5 Market for $50. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Pain and Gain Spike Indicator — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Hendrik Lodewyk Coetsee
- Price
- $50
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Pain and Gain Spike Indicator on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
The SyntheticaFX Pain & Gain Spike Indicator is a specialized tool designed to identify potential spike opportunities in the market, exclusively for traders focusing on Weltrade Pain and Gain pairs.
Before you buy Pain and Gain Spike Indicator
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Pain and Gain Spike Indicator
Compiled from its public MQL5 listing. FxRobotEasy has not traded Pain and Gain Spike Indicator; what these notes say about how it works comes from that listing.
Overview
Pain and Gain Spike Indicator by Hendrik Lodewyk Coetsee represents a comprehensive automated trading solution for MT5 traders. What sets Pain and Gain Spike Indicator apart is its balanced approach to trade execution and capital preservation.
Risk notes
Pain and Gain Spike Indicator implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Hendrik Lodewyk Coetsee
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Our robots trade forex, gold and crypto — not synthetic indices
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Scalperology AIby FxRobotEasy
Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Pain and Gain Spike Indicator or Scalperology AI?
| Pain and Gain Spike Indicator | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($50) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Hendrik Lodewyk Coetsee | FxRobotEasy |
Pain and Gain Spike Indicator — questions
What is Pain and Gain Spike Indicator?
Pain and Gain Spike Indicator is a MetaTrader 5 indicator published on the MQL5 Market by Hendrik Lodewyk Coetsee, priced at $50 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Pain and Gain Spike Indicator work on MT4 or MT5?
Pain and Gain Spike Indicator runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Pain and Gain Spike Indicator cost?
Pain and Gain Spike Indicator is a paid product listed at $50 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-27. It is sold and downloaded through the developer's (Hendrik Lodewyk Coetsee) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Pain and Gain Spike Indicator?
FxRobotEasy has not traded Pain and Gain Spike Indicator on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Pain and Gain Spike Indicator elsewhere comes from its developer or from a third party.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.