Intended for setting the stop-loss and trailing positions; Sniper Trend A and Sniper Trend B — special charts in the "basement" windows. By break even we mean that the stop loss should be moved to the level at which the order was placed. My plans are to continue to expand these in the future and make any new additions available to students who come on board, all at no extra charge. Trading for a living is possible, but you need to do different, be different and think different from the majority of other traders. The answer to that is going to make all the difference in the world.
In trading, the same is true and the long hours spent pouring over thousands of charts is necessary to develop sniper like precision with your trade selection. Developing and mastering your “go to” strategy is vital to remaining consistent in the markets and consistency is what traders rely on to become successful.
The Market Sniper
Firstly, all moving averages must change the color to blue. Please note — the deal is made in a short time after the color change, this approach allows you to catch a trend reversal in the beginning, but if you enter the market after a long time after the reversal of the movings, there is a high probability to buy the high.
Secondly, both Sniper Trend histograms must also change the color to blue. This is due to the calculation formula, which is built taking into account the extremes and in reality is not as simple as it may seem, so making deals by a color change in this case is not something primitive for lazy traders — in contrast, is a simplified representation of complex calculations.
The figure below shows an example to buy the combination of signals will be completely the opposite for the deals to sell:. As it can be seen, in this case Parabolic remained red, and the obligatory change of color was not mentioned above.
Sniper strategy and some of the nuances associated with the placement of stops and take-profits. But the central moving average is delayed not so strong and allows to set shorter and more accurate stops, therefore being an excellent alternative.
Thus, you can use any variant for initial calculation of the risk and further trailing positions. Note that in this case much will depend on the trading instrument: The last thing to pay attention to is the profit target. The authors recommend the split position into parts, each of which have their values of take-profit set uniform breakdown by the number of points , while after working out the first order the stop-loss must be set on all outstanding transactions to the breakeven.
In our opinion, this approach is only partially correct, since the very idea of the breakdown is entirely correct and tactically successful, but the problems can occur with the levels. The Sniper strategy was created in , which is already alarming for the experienced speculators, and it is not even about the subsequent crisis, which broke out after a year: Thus, today the market is completely different and is in a phase of low volatility, so if in the profit fixed at the level of, for example, points before the trend change was triggered, today the price may fail to go that far.
Consequently, the transaction is better to break into two parts and then accompany the position as follows:. Strengths and weaknesses inherent in the Sniper strategy. In conclusion, we should note that even the simple at first glance Sniper strategy, for which the parameters of the main indicators cannot be corrected by default if you do not edit the code , carries both hidden opportunities and dangers.
Then the trader should confirm the signal by ensuring that the moving averages lines of the Sniper indicator changes their color to pink and that they are above the candlesticks. When using the Sniper Forex v2 trading strategy, the trader should always be very cautious of the level of his or her take profit. The take profit should be placed at most at 30 pips away from the placed order. But once the market prices gets to 20 pips, the trader should move his or her stop loss to break even.
By break even we mean that the stop loss should be moved to the level at which the order was placed. Open demo account to test this system. Download Free Sniper Forex v2 trading strategy. Your email address will not be published. Leave this field empty. Comments Thanks a lot for excellents strategies and indicators! Leave a Reply Cancel reply Your email address will not be published.
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The Sniper strategy was created in , which is already alarming for the experienced speculators, and it is not even about the subsequent crisis, which broke out after a year: the real problem is much more dangerous and is . Sniper Forex Trading Strategy The Sniper forex trading strategy is a trend following scalping method that is to a large degree sensitive to price changes on the 1-Minute, 5-Minute and Minute chart. Fig The Sniper Forex v2 trading startegy. It is designed to work on any currency pair. But for maximum profits, the trader should use the H1 time frame when trading. Also, this trading strategy is recommended for trading the European and American trading sessions and the best timeframe to use is the H1 timeframe.