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