Cycle Sniper MT5
Cycle Sniper MT5
We have completed and launched MT5 Version of Cycle Sniper indicator with its new feature of deviation filter.
Cycle Sniper MT4 Version and definitions : https://www.mql5.com/en/market/product/51950
- MT5 Version does not include Breakout Mode and Late Entry Mode Features.
- MT5 Version does not include RSI and MFI filter.
This indicator does not send any signal without a reason...You can observe and analyze the indicator and the signals it sends
Cycle Sniper focuses on the present. It tries to analyze what will happen in the future, not what happened in the past.
If you close the chart or change the timeframe, you may see some of the markings redrawn.
If you don't know the basics of trading and/or equate trading with gambling, this indicator is not for you.
Please test the indicator on the strategy tester before you rent or purchase it. If you do not feel comfortable, please do not buy it.
Scanner and Dashboard is free for the users who bought the indicator. ( Not valid for renting)
Videos, settings and descriptions can be found here ( Valid for MT5 as well - Only Extreme Reversal Mode )
The complex algo is based on:
Fibonacci Retracement and Extension level.
Fibonacci Speed Fan
Murrey Math Calculations
Reversal Mode Only
Works on every timeframe and every instrument. ( Currencies, Commodities, Indices, Stocks, Cryptos)
Full alerts option and push notifications
Different settings for harmonic cycles will be sent.
7/24 support . Different trading strategies will be explained and shared with the users of the Cycle Sniper.
Trade the signals of the Cycle Sniper ( You can use it as an harmonic indicator )
Combine the signal of Cycle Sniper with your harmonic and/or breakut patterns
Trade Murrey Math lines or other support/resistance lines
Use the indicator to enter to trade or to take profit.
Finds extreme reversal points.
Cycle Snipper Parameters: Periods of Moving Averages
Signal Period: Recommended period between 5-7
Signal Method: Recommended : Simple
CS Cycle Sniper Price : Current Price / CS Trend Price
BB Paramenters: Use to calculate Depth / Deviation of the cycle
Deviation Filter is added on the v03
If deviation filter is true: dot+arrows = signal with deviation filter confirmation and dots= signal without deviation filter confirmation
Different settings for different signal modes will be sent to you after the purchase of the product.
You can use your own settings for each instrument or for some certain timeframes.
You can use the indicator with different settings (ie: Bigger Cycles vs Smaller Fibo Retracements ) on the same chart to see the bigger picture.
Due to the nature of the indicator,it may not give 100% proper results on the strategy tester.
7/24 support .Different trading strategies will be explained and shared with the users of the Cycle Sniper.