Sniper Ultimate EA V52 MT4

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Sniper Ultimate EA V52 MT4

Overview

The Sniper Ultimate EA V52 MT4 is an expert advisor (EA) designed for MetaTrader 4 (MT4) trading platforms. It employs a specific strategy to execute trades in the foreign exchange market (Forex). Here are the key details:

• Minimum Deposit: The recommended minimum deposit to use this EA effectively is $1,000.
• Timeframe: The EA operates on the H1 (1-hour) timeframe.
• Currency Pair: It is optimized for trading the XAUUSD (Gold/US Dollar) currency pair.

Key Features

1. Precision Entry Points: The Sniper Ultimate EA identifies precise entry points based on technical analysis indicators. It aims to enter trades at optimal levels.
2. Trend Following Strategy: The EA follows the prevailing trend, ensuring alignment with the market direction.
3. Risk Management: It incorporates robust risk management techniques, including stop-loss and take-profit levels.
4. Trailing Stop: The EA dynamically adjusts the stop-loss level as the trade progresses, locking in profits while minimizing risk.
5. Time Filter: Trades are executed during specific hours (H1 timeframe) to capitalize on favorable market conditions.
6. News Avoidance: The EA avoids trading during major news releases to prevent unexpected volatility.

Strategy

The Sniper Ultimate EA V52 MT4 employs the following strategy:

1. Moving Averages (MA): The EA uses a combination of short-term and long-term moving averages to identify trend direction. When the short-term MA crosses above the long-term MA, it generates a buy signal. Conversely, when the short-term MA crosses below the long-term MA, it triggers a sell signal.
2. RSI (Relative Strength Index): The RSI helps gauge overbought or oversold conditions. The EA enters trades when the RSI confirms the prevailing trend.
3. Fibonacci Levels: The EA considers key Fibonacci retracement levels for potential entry points. It aims to buy near support levels and sell near resistance levels.
4. Candlestick Patterns: The EA scans candlestick patterns (such as engulfing patterns or doji) to validate entry signals.

Trade Execution Example

Let’s illustrate how the Sniper Ultimate EA V52 MT4 executes a trade:

1. Buy Trade Scenario:
   • The short-term MA crosses above the long-term MA.
   • RSI confirms an upward trend.
   • Price retraces to a Fibonacci support level.
   • A bullish candlestick pattern forms.
   • The EA enters a buy order with appropriate stop-loss and take-profit levels.
2. Sell Trade Scenario:
   • The short-term MA crosses below the long-term MA.
   • RSI indicates an oversold condition.
   • Price reaches a Fibonacci resistance level.
   • A bearish candlestick pattern emerges.
   • The EA initiates a sell order with proper risk management.