EurUsd UsdChf Sniper Expert Advisor

The Automated EA program trades only the EURUSD and USDCHF currencies in a partial hedge formation using signals from three currency pairs at the same time.  The program is a fully automatic program requiring no user interaction once set up on a chart of choice. The program closes the trade once the Profit Target in Overall Pips is met or when specially designed closing conditions are met.

Backtesting was performed by the author with a self-written program using real tick data for all three pairs in the settings. Results may vary based on broker fees and other market conditions.  Due to the nature of the EA algorithmic calculations, the program is designed to be as efficient as possible thus you will not see a flashy display on the chart.

Parameters

• EAcom - note made on each trade to identify trades.
• Magic - magic number to identify trades by EA
• MaxOrders - Maximum Number of orders than can be open at one time, Minimum of 2, Maximum of 10.  Recommend 4.  Will open 2 at a time and open more if trade is still open if more signals are seen after TickCountSpacing Time period.
• FixedLotSize - fixed lot size per each pair in a trade.
• ClosePipProfit - Target in Pips to Close Trade in Profit.  (Recommend setting of 1-2.5 Pips depending on broker).
• ClosePipLoss -   Target in Pips for worst case Trade in Loss.  (Negative Number Needed Here).
• TickCountSpacing - Minimum number of ticks between non-winning trades.
• SignalStrength - Recommended range of 0-10, higher value = stronger signal and less trades.  Change in increments of 0.1 to 0.5 recommended.
• AutoTrade - Set to True to have EA trade.
• Pair1 - name of EURCHF.   Must match chart name if you have a prefix or suffix.
• Pair2 - name of EURUSD.   Must match chart name if you have a prefix or suffix.
• Pair3 - name of USDCHF.   Must match chart name if you have a prefix or suffix.

Additional Protections Built into the Program Include

1. A hard TP and SL price are set with each trade opened in the event of very large market swings or loss of connection with the broker’s server.
2. When losses occur, the EA will delay between trades if market is taking wild swings.

Recommendations on Usage

1. Run on the chart that has the most ticks, the EURUSD chart will generally see more ticks than the other pairs. 
2. A timeframe does not matter, the EA uses ticks to trade.
3. Start Risk small to watch program in action and determine if broker you are using will be profitable.
4. Keep Risk low to protect your account from drawdown.
5. Do not close trades over weekend as profit can be lost.
6. Low spreads, low commission and high quality execution will help earn more profit.
7. Minimum of $200 USD deposit on account to run.
8. Run EA on its own account as it will use a large amount of margin per trade based on risk.
9. Do not have any other trades open on the account while using this EA to avoid conflicts.
10. If you have a commission on your account per trade and smaller spreads, then increase trade ClosePipProfit by that commission value.
11. For Testing, I recommend increasing the TP value by 0.5 pip increments to find your optimal profit.  Testing from 1-10. 
12. For Testing, I recommend changing the SL value by 10 pip increments to find your optimal SL level.  Test from -30 to -80.
13. For Testing, I recommend increasing the strength by 0.5 unit until you find one that works well with your broker.  Test from 2 to 8.  This is very broker dependent.  
14. If you want to test one of the strength variables at a time, set the other to 999.  You can trade both individually by running two copies of the EA with different Magic numbers.

To My Customers

Please don’t hesitate to message me or post about any questions that you might have, I will be happy to help.

Author

Benjamin Patri – Programming expert in development, design, and optimization of automated trading programs with more than 15 years of Forex Experience.