ICT Sniper MT5
- Experts
-
Mike Wilson Namaru
Hi! I'm Mike, a passionate MQL5 developer and trader focused on building fast, accurate, and adaptive trading bots. I specialize in:
✅ Scalping & HFT strategies
✅ Signal-based EA development
✅ Custom indicator integration (EMA, MACD, RSI, ATR, etc.) - Version: 1.0
ICT SNIPER MT5 ICT SNIPER MT5
(XAUUSD M5, M15, $300 DEPOSIT)
Smart Money Concepts (SMC) Expert Advisor that trades Fair Value Gaps (FVGs).
Minimum Capital Requirements
- - Minimum: $500 - $1,000
- - Recommended: $1,000+ for optimal performance
- - Lot Sizing: 0.01 - 0.05 lots per $500 balance
- - Account Leverage: 1:100 or higher recommended
Recommended Settings
CONSERVATIVE (Lower Risk)
- - Lot Size: 0.01 per $500 balance
- - ATR_SL_Multiplier: 2.5 - 3.0
- - ATR_TP_Multiplier: 3.0 - 4.0
- - FVG_MinSizePips: 15 - 20
- - MaxTradesPerDay: 3
- - MaxDailyLoss: $50 per $1000 balance (5%)
MODERATE (Balanced - Recommended)
- - Lot Size: 0.02 per $500 balance
- - ATR_SL_Multiplier: 2.0 - 2.5
- - ATR_TP_Multiplier: 2.5 - 3.0
- - FVG_MinSizePips: 10 - 15
- - MaxTradesPerDay: 5
- - MaxDailyLoss: $75 per $1000 balance (7.5%)
AGGRESSIVE (Higher Risk/Reward)
- - Lot Size: 0.05 per $500 balance
- - ATR_SL_Multiplier: 1.5 - 2.0
- - ATR_TP_Multiplier: 2.0 - 2.5
- - FVG_MinSizePips: 8 - 10
- - MaxTradesPerDay: 10
- - MaxDailyLoss: $100 per $1000 balance (10%)
Best Timeframes
- M5 (5 Minutes): For more active trading with increased signal frequency
- H1 (1 Hour): Recommended for most currency pairs - best balance of signals and quality
- H (4 Hour): Excellent for swing trading with fewer but higher quality setups
- M15 (15 Minutes): For more active trading with increased signal frequency
Best Currency Pairs
- Major Forex Pairs: EURUSD, GBPUSD, USDJPY, USDCHF
- Cross Pairs: EURJPY, GBPJPY (use slightly wider settings)
Gold (XAUUSD)
- Use FVG_MinSizePips of 50-100 due to higher volatility
- Any liquid pair with clear FVG formations
Important Notes
1. Demo Test First: Always test for 1-2 weeks on demo account before going live
2. Monitor Initial Trades: Watch the first few days to ensure proper execution
3. Broker Considerations: Adjust settings based on your broker's spread and commission structure
4. Lower Leverage: If using lower leverage (1:50 or less), reduce lot sizes accordingly
5. Risk Per Trade: Never risk more than 2% of account balance per trade
6. TimeFilter Usage: Enable time filter to avoid low liquidity periods (early Asian session, major news events)
Safety Features
✓ Automatic volume normalization to broker requirements
✓ Built-in stop loss and take profit validation
✓ Margin sufficiency checks before every trade
✓ Maximum stop loss distance limits
✓ Daily loss protection
✓ Balance-based position sizing
Getting Started
1. Load the EA on your preferred pair and timeframe (H1 recommended)
2. Start with MODERATE settings
3. Enable TradeOnlyFirstTouch = true for higher quality trades
4. Set MaxDailyLoss to 5-10% of your balance
5. Monitor for 1 week and adjust based on performance
