Gold Pro Sniper

About Gold Pro Sniper

SNIPER EA is an automated trading system designed to capitalize on consolidating and ranging market conditions, particularly on instruments such as EURUSD.
The EA uses advanced mathematical calculations combined with ATR-based logic to manage trades, recover potential losses, and aim for consistent profitability.

The strategy focuses on controlled risk management, dynamic lot sizing, and drawdown protection to ensure long-term account stability.


RECOMMENDED SYMBOL

EURUSD pair, 15 minutes timeframe.



SNIPER EA INPUT SETTINGS

1. Max Trades

• Defines the maximum number of positions the EA is allowed to open simultaneously.

• Helps limit overexposure in the market.


2. Variable Lot Take Profit (%)

• A percentage-based risk parameter.

• Automatically calculates the lot size based on your account balance.

• Ensures position sizing adapts as the account grows or declines.


3. Key Number (ATR Multiplier in %)

• A ratio used to calculate the initial Take Profit (TP).

• The EA multiplies the ATR value by this percentage to determine TP distance.


4. Stop Loss (Pips)

• Sets the fixed stop loss distance in pips.

• Used to control risk per trade.


5. ATR Period

• Defines the period used for the Average True Range (ATR) calculation.

• Affects how sensitive the EA is to market volatility.


6. ATR Timeframe

• Specifies the timeframe on which the ATR indicator is calculated.

• Allows volatility measurement independent of the chart timeframe.


7. EA Comment

• Custom comment assigned to each trade.

• Helps with trade identification in the terminal and account history.


8. Magic Number

• A unique identifier used by the EA to recognize its own trades.

• Essential when running multiple EAs on the same trading account.


9. Maximum Equity Drawdown (%)

• Controls the maximum allowed equity drawdown.

• Example:

◦ Account Balance: $2000

◦ Max Equity Drawdown: 50%

◦ If equity drops to $1000, the EA will:

▪ Close all open trades

▪ Pause trading

▪ Wait for a new valid signal before restarting

This feature protects the account from excessive losses during unfavorable market conditions.



Risk Warning

Trading Forex and CFDs carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Before deciding to trade, strictly manage your risks and never invest money that you cannot afford to lose.



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Experts
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