Hero Sniper EA

Recommended Capital: 2,000 Cent | Timeframe: H1 | Platform: MetaTrader 5

1. Recommended Account Setup

The recommended starting balance is 2,000 Cent (approximately USD 20, if your broker uses USC as the account currency).

2. How HERO SNIPER Works

HERO SNIPER is a Counter-Trend trading system. It detects strong price movements and looks for opportunities to enter in the opposite direction.

Main operating process:

1. Price Movement Detection: Monitors the current M5 candle movement from its opening price.

2. Initial Entry: When the price rises sharply, the EA looks for a SELL opportunity. When the price drops sharply, it looks for a BUY opportunity.

3. Recovery Grid: If the market moves against an open position, the EA can add recovery positions when the required grid distance is reached.

4. Basket Take Profit: Calculates the average entry price and sets a common profit target for the basket.

5. Trailing Profit: Uses a trailing mechanism to help lock in profits when the basket moves into profit.

3. Main EA Settings

Important: Although the EA is attached to an H1 chart, its initial entry signal uses M5 price data. ATR-based grid spacing uses the timeframe of the chart where the EA is installed.

4. Recommendations for a 2,000 Cent Account

For a small account, capital protection should be the priority.

• Start with an initial lot size of 0.01.

• A Hedging account is recommended so individual positions can be managed separately.

• Avoid trading during major news events and periods of unusually high spreads.

• Do not increase lot sizes or maximum recovery layers without proper testing.

• Test the EA on a Demo account before using real funds.

Risk Warning

The current source code has the emergency stop-loss setting disabled by default (STOP_DISABLED).

The maximum layer setting is 50, which can allow the EA to accumulate many positions if the market continues moving against the initial trade.

The Lot Scale Factor is currently 1.0, meaning the next recovery lot uses the same multiplier rather than increasing by a larger factor.

For a small 2,000 Cent account, the default maximum layer setting should not be considered a safe risk limit. Proper risk controls and testing are strongly recommended.

Account Type: Hedging is recommended. On Netting accounts, multiple entries are combined into a single position, so the EA's recovery-layer counting may not work as intended.

5. Installation Guide

1. Open MetaTrader 5.

2. Select the trading symbol, such as XAUUSD.

3. Set the chart timeframe to H1.

4. Attach HERO SNIPER EA to the chart.

5. Enable Algo Trading.

6. Check that the EA displays the LIVE status.

7. Monitor Balance, Equity, Spread, open positions, and the Dashboard.