Pivorise Sniper

Pivorise Sniper is an Expert Advisor for MetaTrader 5, designed for trading currency pairs. It combines pivot point levels, RSI momentum, and adaptive volatility measurement (ATR) to generate trade entries around key price zones.

Trading logic

The EA calculates pivot levels (PP, R1-R4, S1-S4) from a timeframe chosen independently of the execution chart, together with RSI on the execution timeframe. Two entry types are available and can be used together or separately through the Strategy Mode setting:

Reversal entries look for RSI reaching an overbought or oversold condition while price is located inside a pivot-based zone, combined with a short momentum check. When scoring is enabled, each condition (RSI extreme, pivot zone, momentum) contributes to a score, and a trade is only opened once the total score reaches the configured threshold.

Breakout entries look for price closing beyond the R1/S1 or R2/S2 pivot levels together with RSI crossing the midline in the same direction.

Adaptive risk and zone width

When Adaptive ATR is enabled, the minimum risk-reward ratio and the width of the pivot zone used for reversal entries are adjusted based on current volatility relative to its recent average. When disabled, fixed values from the input parameters are used instead.

Stop loss and take profit

Stop loss and take profit can either follow pivot levels automatically, or rely on basket-based stop loss and take profit measured in account currency, applied to all positions opened by the EA on the current symbol. A break-even option can move the basket to breakeven once a defined profit is reached.

Position management

Lot size is fixed and can be constrained with minimum and maximum limits; it is also automatically adjusted based on available margin before a trade is sent. The number of simultaneous open positions can be limited, and each position is identified with a unique magic number so the EA only manages its own trades on the current chart.

Dashboard

An on-chart dashboard displays the current pivot levels, RSI value and status, ATR/volatility ratio, active signal, open positions, floating profit or loss, and the current settings for strategy mode, SL/TP mode, and basket protection. The RSI subwindow with reference levels can be shown or hidden.

All strategy, risk, and display settings are configurable through the input parameters, allowing the EA to be adapted to different currency pairs and timeframes. Backtest results shown for this product reflect performance on historical data and do not represent or guarantee future results.

Questions and feedback can be submitted through the product comments section.