• Overview
  • Reviews (2)
  • Comments (6)
  • What's new

Aggressive Sniper

Please watch my optimizations tutorial video at this link before using this Expert Advisor.

https://www.mql5.com/en/blogs/post/718399

As the name implies this sniping strategy is designed to be a very aggressive trading robot. It has six different speed settings to open trades and a start trailing feature to lock in profits when the price retraces after it is in profit. There are so many ways to optimize this robot to match your trading frequency and broker. Every currency pair needs to be optimized on your MetaTrader platform and broker. Watch my video to know exactly how to optimize your own custom setting files for every pair you wish to trade.


EA Inputs

PIPS PER SECONDS SPEEDOMETER

  • # of seconds to measure speed (This will measure how fast the current speed is in pips per the number of seconds in this input)

MAIN EA SETTINGS

  • Magic Number
  • Lot
  • Place orders if under the Max spread(in points)
  • Maximum price slippage for buy or sell orders
  • Attempts to resend order if error
  • Attempts to close order if error

STRATEGIES

Smart money management system

(Example:Balance $200=Lot.01 Balance $400=Lot.02)

  • Risk Management On/Off
  • Incremental Balance Amount
  • Incremental Lot Size to Balance Increment - (Use this to compound your trades to automatically increase your lot sizes)
  • If trading account gets down to XS it stops trading
  • If free margin gets below X$ it stops trading - (Use this to avoid margin calls)
  • Max # of current open trades in account - (Use this to limit how many current open trades you have in your account to avoid having too many currency pairs trading at one time)
  • Inverts all trade signals - (Use this to open a Buy when Sell is triggered and a Sell when a Buy is triggered)

Pending orders feature

This feature will open a buy order X number of pips above a trade signal and a sell order X pips below the trade signal unless invert pending is checked, then it will reverse it to pending sell above and pending buy below the trade signal.

  • Open 2 buy orders or 2 sell orders.
  • Open 1 buy order and 1 sell order.
  • Invert open 1 buy and 1 sell.
  • OCO input.
  • Delete pending orders after X seconds.

OPEN TRADES SECTION

Open trades by six different speed settings

1st 2nd 3rd 4th 5th and 6th Settings

Open Trades when Speed is Moving X pips in X Seconds

  • Open trades x pips per x seconds - (True or False)
  • X open pips
  • X open seconds

Open Buy if X Candles Higher, Open Sells if X Candles Lower

  • Open trade if X candles close higher or lower (True or False)
  • Open trade if X candles close higher or lower (Number of consecutive candles)

TAKE PROFIT AND SL SECTION

  • Take profit settings
  • Take profit(pips value) if 0 disable
  • Stop loss settings
  • Stop loss(pips value) if 0 disable
  • Trailing stop settings
  • Trailing start(if 0 disable)
  • Trailing stop
  • Trailing step
  • Break even settings
  • After X pips in profit move SL to break-even(if 0 disable)
  • Lock in X pips for break even

FILTERING TRADES SECTION

One Trade per bar on or off

This will force only one trade per candle if set to true.

  • One trade per bar (True or False)

Wick of the Candle is X% of Body Filter Trades

This will filter a Buy trade if the previous candle or the current candle has a low wick that is greater than X percentage.
This will filter a Sell trade if the previous candle or the current candle has a high wick that is greater than X percentage.

  • On/Off (True or False)
  • Candle low wick > X% filter Buy, candle high wick > X% filter Sell
  • Candle body must be more than X pips in size
  • Candle shift (1 Looks at previous candle, 0 looks at current candle)

Look Back X Candles Settings 1

This will look at the previous X number of candles and if X percent are up, it filters buy trades, if X percent are down, it filters sell trades.

  • Look Back X Candles, if 0 disabled.
  • If X percent of Up Candles, filter only BUY orders.
  • If X percent of Down Candles, filter only SELL orders.

Look Back X Candles Settings 2

This will look at the previous X number of candles and if X percent are up, it filters sell trades, if X percent are down, it filters buy trades.

  • Look Back X Candles, if 0 disabled.
  • If X percent of Up Candles, filter only SELL orders.
  • If X percent of Down Candles, filter only BUY orders.
Reviews 2
Merzouk Zouaoui
465
Merzouk Zouaoui 2019.10.12 15:55 
 

Hello,

You a real professional -) What are the currency peers to used with SNIPER ?

thank you very much

enzo pellitteri
629
enzo pellitteri 2019.04.21 07:30 
 

Truly a fine Ea.

Nice idea of volatility

The author extremely available.

I'll update later

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enzo pellitteri
629
enzo pellitteri 2019.04.21 07:30 
 

Truly a fine Ea.

Nice idea of volatility

The author extremely available.

I'll update later

Merzouk Zouaoui
465
Merzouk Zouaoui 2019.10.12 15:55 
 

Hello,

You a real professional -) What are the currency peers to used with SNIPER ?

thank you very much

Reply to review
Version 1.8 2020.01.19
- Added Hedging Features. On/Off
- Added New Grid System
- Added New Default Strategy using Bollinger Bands Filter
- Added a New Moving Average Trend filter
Version 1.7 2019.11.02
- Added ECN Compatible and Set To True
Version 1.6 2019.10.21
- Added a Safety Feature to Shut down the EA if the broker Opens and Closes a Trade within X Number of Seconds
(default is 60 Seconds but you can change this to any limit you want to avoid loss)

- Also Changed Fixed Lot Grids to True to Reduce the Risk Level on Default Strategy
Version 1.5 2019.10.14
- New Day\Time Filter to select days and times to allow initial trades
- New ADR Close Losing Trades Feature
Version 1.4 2019.10.07
- Added some text to inputs
Version 1.3 2019.10.04
- All New Very Aggressive Default Settings
- All New Grid System Added(You Can turn it on or off)
- All New Bollinger Bands Filter
- All New Account Equity Percent Take Profit or Lorss
- All New Account Pips Take Profit or Loss
- All New Fifo Switch to enable Fifo Rules or No Fifo Rules
- All New EA will turn off after 5 Days in Loss
- All New EA will shut down after loss if Fifo is set to False
Version 1.2 2019.05.25
- New Default Strategy & also Uses Trailing Step Instead of Trail to Avoid too many Server Requests to your Broker
Version 1.1 2018.06.28
- Fixed opening one trade per bar.
- Added two new filters that look at the previous X number of candles and, if X percent are up or down, they filter buy or sell trades.