Sniper EA

The Sniper EA is an Expert Advisor that operates at the opening of the London session, utilizing a non-indicator trading strategy that relies on the price action of a given currency pair. The EA takes into account the movement of the price in the current trading day, as well as the preceding day and the entire previous week. By analyzing the currency pair’s historical price data, the EA can make informed decisions on when to open or close a position.

Sniper EA Strategy

The London session is a key component of the Sniper EA’s trading strategy.

London Session

The London session refers to the period when the London financial markets are open, typically between 8:00 AM and 5:00 PM GMT. The Sniper EA is an Expert Advisor is designed to trade exclusively during the London session. This is because the London session is characterized by high trading volume and market volatility, creating numerous trading opportunities. By focusing on this specific trading window, the EA is able to take advantage of the market’s liquidity and make trading decisions based on the price action of a currency pair. During the London session, the Sniper EA analyzes and identify trades and make decisions on when to enter or exit a position.

Sniper EA Features

  • The Sniper EA is recommended for use on M5 and M15 timeframes.
  • The EA is designed to trade on all major currency pairs.
  • The Sniper EA is very user-friendly and easy to use.
  • The EA automatically calculates the size of a position, making it easy for traders to manage their risk.
  • The EA is capable of trading fixed lots as well.
  • The minimum deposit required to use the Sniper EA is $300, according to the developer.

Sniper EA Settings

  • Close order in parts – true / false if false then take profit will be set by TakeProfit3
  • TakeProfit1, pips – take profit 1
  • TakeProfit2, pips – take profit 2
  • TakeProfit3, pips – take profit 3
  • Stop Loss, pips (0-off) – stop loss
  • ————————–
  • Type of initial lots – use a fixed lot or percentage of free margin
  • Fixed lot – a fixed lot that will be used in trading
  • Using margin,% – selection of the percentage of free margin in trading
  • ————————–
  • –íreakeven, pips (0-off) – price distance when stop loss will be moved without loss
  • Step breakeven, pips – the distance of the price by which the stop loss will be moved without loss
  • Trailing stop, pips (0-off) – price distance when trailing stop will be activated
  • Step trailing stop, pips – trailing stop step
  • Virtual trailing – virtual trailing stop
  • Closing drawdown,% (0-off) – maximum drawdown as a percentage of the deposit at which all open orders will be closed
  • Maximum spread (0-off) – maximum spread for opening an order
  • ————————–
  • Minimum daily volatility – minimal daily volatility
  • Maximum daily volatility – maximum daily volatility
  • ————————–
  • Start trading 1 – true / false
  • Time Trading 1 – opening time of the first order
  • Start trading 2 – true / false
  • Time Trading 2 – time of the second order opening
  • ————————–
  • Use grid – use a grid of orders, true / false
  • Distance, pips – distance to open a new grid order
  • count. orders – the maximum number of orders in the grid
  • Number martingale order (1 …) – order number from which the grid lot increase will be enabled
  • Grid trailing stop (0-off) – price distance when the trailing stop of the grid will be activated
  • Step trailing stop – step trailing stop
  • 1-5 orders – setting the increase in the trading lot of the grid
  • 21-30 orders – setting the increase in the trading lot of the grid
  • ————————–
  • Trade on Monday – trade on Monday
  • Trade on Friday – trade on Friday
  • Magic – Magic number
  • Comment – a comment to orders
  • Color BG – information panel color
  • Colot text – text color

Sniper EA Summary

Overall, the Sniper EA analyzes the price movement of a currency pair London Session. The London session is an important component of the forex EA’s trading strategy, as it is characterized by high trading volume and market volatility, creating numerous traders. However, it is important to note that there is no guarantee of profits when using the Sniper EA, and traders should exercise caution and proper risk management techniques. It is also recommended that traders use a demo account before trading with real money to test the EA’s performance and become familiar with its features.

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