The Sniper Major is a Forex EA software that has been designed to offer a unique approach to Forex trading. This EA software uses a combination of volatility, spread, frequency, and timing to determine when to trade, focusing on capital protection and profit generation. Let’s delve into the core features, installation process, and key benefits of this automated trading software.
Key Features of Sniper Major Forex EA Software
Sniper Major Forex EA software has a unique trading strategy that sets it apart from the competition. Its main feature is the use of Limit Orders method to open positions, which ensures that slippage is at most positive on executing the entries. The software also employs a Trailing Take Profit logic designed to maximize profit while protecting your capital, similar to a sniper headshot. The majority of the trades are closed quickly, helping to minimize potential losses.
The software does not employ strategies like martingale and grid, which can sometimes lead to escalating risks. It is optimized for trading on four major currency pairs: EURUSD, GBPUSD, USDJPY, and USDCHF, and operates on the M5 timeframe. The EA only trades for a specific time range per day, which is a few minutes before and after the rollover.
One of the unique features of Sniper Major is the one chart setup. You only need one chart to trade all optimized symbols, and the EA automatically identifies any suffix used by your broker. Also, there is no need for .set files as all settings are stored within the EA.
Installation and Set Up of Sniper Major EA
The Sniper Major Forex EA software is standalone and should run on a VPS continuously. It is advisable to use a low spread ECN broker for optimal performance. The software works with both netting and hedging accounts, and a leverage of 1:500 is recommended.
You can commence trading with the EURUSD pair on the M5 timeframe. To trade multiple pairs, simply set the ‘Enable Multiple Pairs’ to TRUE. You can choose between a fixed lot size or enable automatic lot size. If you opt for the latter, you should select the money relation for each 0.01 lot: 200 for low risk, 100 for normal risk, and 40 for high risk.
The minimum account balance required to run all four pairs is $100, although it is recommended to have more than $2000.
How Sniper Major EA Aids in Forex Trading
Sniper Major EA provides a robust system for Forex trading by utilizing advanced Forex technology and solid Forex strategies. It offers a systematic risk management plan in Forex trading by using the Limit Orders method and the Trailing Take Profit logic. This ensures capital protection while maximizing profit.
The automation of trades offered by the Sniper Major EA software removes the emotional aspect of trading that can often lead to rash decisions. Therefore, the software enhances the efficiency and the effectiveness of trading in the volatile Forex market.
FAQs about Sniper Major Forex EA Software
1. How does the Sniper Major EA decide when to trade?
The Sniper Major EA uses a combination of volatility, spread, frequency, and timing to decide when to trade.
2. What is the recommended account balance for running all four pairs?
It is recommended to have more than $2000, although the minimum account balance required is $100.
3. How does the Sniper Major EA protect your capital?
The EA uses the Trailing Take Profit logic and the Limit Orders method to open positions, which ensures maximum profit while protecting your capital.
If you want to see independent testing of the Sniper Major Forex EA software, you can visit the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product. Please feel free to share your experience using the Sniper Major Forex EA software. Remember, this is an independent product review written in a neutral tone, focusing on the product’s features and benefits.
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