SnapbackEA
- Experts
- Version: 1.0
- Activations: 10
SnapbackEA — Time-Window Mean Reversion Scalper for MT5
Trades the reaction, not the move. Multiple pairs. One chart.
✻ Please contact me after your purchase, and I will send you the settings file.
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✻ OVERVIEW
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SnapbackEA is a fully automated Expert Advisor for MetaTrader 5 built around a single, well-defined edge: rapid pip displacement followed by mean reversion.
When price moves sharply within a fixed time window, the market frequently corrects. SnapbackEA detects those displacement events in real time and enters against the move, targeting the snapback. The logic is clean, the rules are fixed, and nothing is discretionary.
The primary reason for selling licences is to raise author's trading capital.
✻ ✻ ✻ 100 LICENCES MAXIMUM — EVER
When 100 licences have been sold, the product will be closed to new buyers permanently. This is not a marketing device — it is a practical measure. When too many traders use the same system on the same instruments, edge degrades for everyone. The cap exists to protect buyers.
Price increases every 5 licences sold
The price steps up with each block of 5 licences. Buyers who act early pay less and lock in the lower price permanently.
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✻ TRADING METHOD
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Core Signal
SnapbackEA monitors price displacement across a 120-second window (adjustable). When displacement exceeds a defined threshold, a counter-move entry is triggered. No indicators generate the signal — the signal comes from price behaviour alone.
Indicator Filters (confirmation only — not signal sources)
• ATR(14) — Volatility gate. Avoids entries in dead, illiquid markets.
• RSI(7) — Exhaustion confirmation. Filters entries where momentum has not yet shown signs of reversal.
• EMA(50) — Trend filter. Prevents entries that work directly against the dominant bias.
Position Structure
Each trade uses a 2-unit system:
• Unit 1 — Fixed take profit at 6 pips. Locks in profit quickly.
• Unit 2 — Adaptive 3-phase trailing stop. Lets the trade run when conditions allow.
Every trade carries a hard broker-side stop loss. There are no virtual or software-only stops.
Session Filter
SnapbackEA trades London and New York sessions only — the periods of highest liquidity, tightest spreads, and most reliable price behaviour. It sits out Asian session hours automatically.
Timeframe
The EA is fully timeframe-independent. Attach it to any chart — M1, M5, H1, or any other. The 120-second displacement window is time-based, not bar-based, so the chart timeframe has no effect on logic or results.
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✻ KEY FEATURES
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✦ Multi-symbol from a single chart
Run EURUSD, GBPUSD, USDJPY, EURJPY, and USDCAD simultaneously from one attached chart. No need to open or manage multiple chart windows.
✦ Fully automatic operation
No manual intervention required at any stage. The EA handles entries, exits, trailing, and session filtering without input.
✦ Built-in risk management layer
— Daily loss limit (stops trading for the day when reached)
— Maximum trades per day cap
— Timeout mechanism on losing trades (prevents overtrading after drawdown)
— Adjustable risk percentage per trade
✦ Correct JPY pair lot sizing
Pip value calculations for JPY pairs are handled separately to ensure consistent risk across all instruments.
✦ Hard stop loss on every trade
All stops are placed at the broker level. There is no scenario in which a trade runs without a real stop.
✦ MT5 only
Built exclusively for MetaTrader 5. Not compatible with MT4.
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✻ RECOMMENDED BROKERS
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SnapbackEA is a scalper. Spread quality directly affects performance.
Best suited for: ECN / Raw spread brokers
Recommended: IC Markets (Raw Spread), Pepperstone (Razor), Tickmill (Pro), Fusion Markets
NOT suitable for: Market maker brokers with fixed spreads
If you are unsure whether your broker is appropriate, check whether they offer a raw/ECN account type with variable spreads and direct market access. Fixed-spread brokers will significantly degrade results.
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✻ TRADED PAIRS AND TIMEFRAME
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M5 Timeframe
EURUSD | GBPUSD | USDJPY | EURJPY | USDCAD
All pairs are managed from a single chart attachment. The EA opens its own symbol handles internally — no manual chart setup required for each pair.
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✻ LICENCE POLICY
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This EA is sold under a strict limited-licence model. Please read this section before purchasing.
100 licences maximum — ever
When 100 licences have been sold, the product will be closed to new buyers permanently. This is not a marketing device — it is a practical measure. When too many traders use the same system on the same instruments, edge degrades for everyone. The cap exists to protect buyers.
Price increases every 5 licences sold
The price steps up with each block of 5 licences. Buyers who act early pay less and lock in the lower price permanently.
The primary reason for selling licences is to raise trading capital. The author has a direct personal interest in the EA continuing to perform well.
There are no rental tiers, subscription fees, or upsells. One purchase, one licence.
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✻ SUPPORT
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Questions about setup, broker compatibility, or parameter configuration can be directed via the MQL5 comments section or private message.
