Today, we delve into the world of automated Forex trading, specifically focusing on a unique product that has been making waves in the Forex market. The product in question is the Sniper Pro Trader EA, a high win rate MT4 scalping robot.
Overview of Sniper Pro Trader EA
Sniper Pro Trader EA (SP Trader EA) is an automated trading system designed for the MT4 platform. It boasts a win rate of over 85%, making it one of the most effective Forex scalping robots available. Unlike other trading systems that employ risky methods such as grids or martingale, the SP Trader EA ensures each order has its own stop loss (SL) for account protection.
Key Features of the MT4 Scalping Robot
One of the standout features of the SP Trader EA is its precision. Itโs a sniper in the Forex market, ensuring that trades are carried out with the utmost accuracy. This high win rate EA also has impressive back and forward testing results over a ten-year period for recommended pairs. Additionally, it sets dynamic SL automatically depending on market volatility.
The SP Trader EA also has an auto-lot risk management feature (by default) and fixed lot options. It operates without any weekend gaps and has a precise operating time filter with 1-minute accuracy. This MT4 scalping robot also offers a BreakEven function.
Recommended Trading Pairs and Operating Time
The best recommended pairs for the SP Trader EA are GBPCAD, AUDCAD, and GBPAUD. However, traders also have the freedom to explore other pairs such as EURAUD, EURCAD, EURCHF, EURGBP, USDCAD, GBPCHF, USDCHF, and EURUSD. As for its operating time, the EA looks for entry opportunities from the end of the US trading session till the middle of the Asia session according to the time filter in settings.
Installation and Usage
Installing and using the SP Trader EA is straightforward. Traders need an MT4 account with narrow spreads and the EA is attached to each chart on the platform. Each trading pair requires a different magic number in EA settings, and the Auto-Risk for each pair is set in EA settings as well. The robot does everything automatically; all the trader needs to do is install it to MT4 and leave their PC running or use a VPS.
Frequently Asked Questions
What is the timeframe for the SP Trader EA?
The SP Trader EA operates on the M15 timeframe only.
What are the leverage requirements?
The leverage of the account should be between 1:30 to 1:500 for optimal operation of the Sniper Pro Trader EA.
How does the SP Trader EA handle risk management?
The SP Trader EA handles risk management by setting an Auto-Risk for each pair, which is by default 6.5%. It is not recommended to exceed 15-20% of total risk from all pairs together.
Independent testing of the Sniper Pro Trader EA can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product in the comment section below. Please note that this is an independent product review and the text is written in the third person.
Do keep in mind that any expert advisor, including the Sniper Pro Trader EA, needs at least three months to collect statistics in order to assess the systemโs performance accurately. Therefore, patience is key.
In conclusion, the Sniper Pro Trader EA is a powerful tool for traders looking for a high win rate scalping robot. With its precise trades and efficient risk management strategy, itโs no wonder itโs seen as a sniper in the Forex market.
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