The SniperBotMt4 is a unique trading bot designed to operate with the GBPUSD currency pair. This bot incorporates an innovative blend of volatility, spread, frequency, and timing to determine the most opportune moments to execute trades. Itโs a system engineered to not just generate profits, but also safeguard your capital, making it a key player in the realm of forex trading.
Trading Strategy
The bot uses the Limit Orders method to open positions. This strategy ensures that slippage, if it occurs, will be positive on executing entries. The system is designed to close most trades swiftly, likening it to a sniperโs headshot. It abandons the use of martingale and grid, offering a refreshing and effective approach to forex trading.
Main Features
Designed for optimal performance with the GBPUSD pair, the SniperBotMt4 runs on the M5 timeframe. The bot operates within a specific time range each day, trading for a few minutes before and after the rollover. All settings are embedded into the bot, eliminating the need for .set files. It also automatically identifies any broker suffix (e.g. XXXXXX.a), providing a hassle-free trading experience.
Installation Process
The SniperBotMt4 is a standalone system that should be run on a Virtual Private Server (VPS) continuously for maximum results. It performs best with a low spread ECN broker. The system can operate on both Netting and Hedging accounts, with a recommended leverage of 1:500. The GBPUSD pair should be run on the M5 timeframe with either a fixed lot size or an automatic lot size.
If you opt for automatic lot sizing, a money relation for each 0.01 lot should be selected. For a lower risk level, a money relation of 200 is recommended, while a normal risk level suggests a money relation of 100. For those willing to take on a higher risk, a money relation of 50 is proposed. The recommended account balance to start trading with SniperBotMt4 is $100.
Capital Protection and Profitable Trading
The SniperBotMt4 stands out for its focus on capital protection while simultaneously striving for profitable trades. Its Trailing Take Profit logic, together with its unique trade timing and execution strategies, helps to protect your capital while aiming for profitable trades. It is a smart choice for traders focused on achieving consistent returns while minimizing capital risk.
FAQ
What is the recommended broker for SniperBotMt4?
It is recommended to use a low spread ECN broker for optimal results.
What is the suggested leverage?
The suggested leverage for SniperBotMt4 is 1:500.
What risk level is recommended for automatic lot sizing?
For lower risk, a money relation of 200 is suggested. For normal risk, a money relation of 100 is recommended, and for higher risk, a money relation of 50 is advised.
Independent testing of SniperBotMt4 is available on forexroboteasy.com, a reliable site for comprehensive forex market analysis. Users can also subscribe to updates on the testing results of this product. We invite you to share your experience with SniperBotMt4 and provide insights into its operation and performance.
Please note, this is an independent product review. The objective is to provide a neutral assessment of the product, based on available information. The review does not express personal opinions or endorsements.
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