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Sniper EA v1.10 - Scalping Logic Breakdown
1. BOS (Break of Structure) detection for trend confirmation.
2. SMC (Smart Money Concept) logic including liquidity grabs.
3. Engulfing candle pattern detection (Bullish/Bearish).
4. EMA usage: 9, 15, 200 for dynamic S/R and trend confirmation.
5. Fully automated and semi-manual toggle option.
6. Clean sniper entries only — no spam trades.
7. TP and SL settings with user-defined buffer points.
8. Active in all 3 major sessions: Tokyo, London, New York.
9. News filter to avoid high-impact news periods.
10. Demand/Supply Zone detection.
11. Order block confirmation logic.
12. Fair Value Gap (FVG and iFVG) detection.
13. Market mechanics included (internal + external structure).
14. Buy/Sell direction auto detection logic.
15. Lot size dynamically set by risk % or fixed value.
16. Risk to reward settings (e.g., 1:2 or 1:3 configurable).
17. Clean separation of buy and sell conditions.
18. Expert log cleaned and structured.
19. Compiles in latest MQL5 with 0 errors, 0 warnings.
20. Candle confirmation logic (e.g., strong close > open or vice versa).
This document outlines the logical structure for the Sniper EA v1.10, which can be implemented in a .mq5 Expert Advisor file. All logic must be verified through backtest and forward test phases for optimal performance in live markets.
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Trade settings: --------------------------------- fixed lot size ….. 0.0 Buy /Sell distance market order…. 0.0 - 700.0 points Buy / Sell distance pending order Entry---- 0.0 - 700.0 points Max Trade------ 10.0 Min spread...… 0.0 points Max spread..... 3000.0 points Daily profit percentage ….. 0.0 - 100 % Global Stoploss Percentage----- 0.0 - 100 % Max Daily loss Percentage ------0.0 - 100 % Stop level = 0.0 point
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