In this post I will be reviewing the Sniper Suite Expert Advisor. For those of you who are not familiar with the term Expert Advisor (EA) it is basically the technical term that MetaTrader 4 uses for forex robots. That being said, Sniper Suite is an expert advisor for the free to download MetaTrader 4 and MetaTrader 5 trading platforms. It is suitable for any level of forex trader as it is a complete set and forget automated trading solution that includes detailed instructions for a quick and easy setup. This flexible forex robot can be traded on multiple currency pairs and the developer has shared some extensive back tests and even live verified results for us to follow.
Sniper Suite Expert Advisor Strategy
Sniper Suite Expert Advisor trades on 10 recommended currency pairs. You may choose to trade a few or all of the recommended currency pairs. There is what the developer calls a “Cut-Switch Strategy” that aims to recover very quickly from any losses. It will run on any MetaTrader 4 or 5 broker although I would use an ECN forex broker for the best possible trading conditions. This is due to the tight spreads and plenty of liquidity I find these forex brokers tend to have.
Sniper Suite Expert Advisor Back Testing
The Sniper Suite Expert Advisor has been tested all the way back to 2001 with every tick on multiple currency pairs with the detailed reports having being imported in to MyFxBook for further detailed analysis. However, the modelling quality is just shy of 90% so no Birts Tick Data Suite testing. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Sniper Suite Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Sniper Suite Expert Advisor Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.