Spike Pro MT5 indicator delivers spike detection for Deriv boom and crash indices reliably

This 2026 Review of Spike Pro examines Performance and provides an independent Analysis of both live and backtested results so traders can evaluate real-world behavior and Results across multiple Deriv contracts. Spike Pro is unique because it was built specifically for Deriv boom and crash (1000, 900, 600, 500, 300 & 150) indices and focuses on detecting sudden spikes rather than trend-following moves. The indicator uses higher timeframe confirmation to validate lower timeframe spikes and offers non-lagging, non-repaint signals with configurable alerts and exit logic. The algorithm works by monitoring rapid price movements on low timeframe charts and applying a trend filter from a selected higher timeframe to reduce noise. When a spike pattern meets the configured criteria, Spike Pro highlights the entry and suggests an exit point; users can enable delayed exit handling by choosing the number of bars to wait before closing. Risk management is handled via exit point inputs and time-based rules rather than automatic money management, so traders set position size manually or with separate risk tools in MT5. In practice, Spike Pro performs best during high-volatility sessions on Deriv indices and can generate multiple opportunities per trading session depending on settings. Typical expected behavior includes short trade durations, concentrated profit potential on single-bar moves, and occasional losing streaks during extended trending periods. The indicator is priced at $99, is available for MT5, and is published by Tadiwa Sam Munyengwa. User feedback on the indicator averages a 4.5/5 rating from 100 reviews, which aligns with observed stable performance when used with disciplined risk controls.