In this post I will be reviewing the Ultimate FX Sniper manual forex trading system developed for trading in the free to download MetaTrader 4 trading platform. Ultimate FX Sniper is a combination of customised technical indicators that analyse the charts on your behalf and will alert you when they find a high probability trading opportunity. You can use the signals generated for both trading entry and exit whereas you may also add your own additional technical fundamental or price action analysis for extra trade filtering. The Ultimate FX Sniper system is color coded which makes it even easier to interpret the trading signals provided.
Ultimate FX Sniper
The Ultimate FX Sniper manual forex trading system developer claims that the custom indicators it uses has a winning accuracy rate of a staggering 90% and a draw down as low as 5%. Of course, the draw down size will depend on the lot size you use and always ensure that you are using a sensible risk to reward ratio so that your winning trades are greater than your losing trades. It can be used on any currency pair and timeframe although I would recommend the longer term timeframes to filter out noise that can occur on the lower timeframes and also trade the major currency pairs such as the EURUSD and GBPUSD for the lowest spreads and plenty of liquidity for fast execution. Also, ensure that you use a true ECN forex broker for the best possible trading conditions. As previously mentioned, Ultimate FX Sniper is VERY easy to use and does all of the hard work for you. You just simply wait for the signals to appear then decide to enter the trade or not. It can monitor multiple currency pairs for you at the same time.
Ultimate FX Sniper Summary
Overall I would say the Ultimate FX Sniper can help traders who are looking for a simple way to trade and who do not have time to conduct through chart analysis themselves. It works best with sensible money management and good trading emotions. It comes with some useful bonus material, detailed instructions, full support and a money back guarantee.