ICT Sniper MT5

ICT SNIPER MT5 

ICT SNIPER MT5 is a 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