Sniper Forex v2 — Profitable Trading System for H1
Sniper Forex v2 is a trading system built for the H1 timeframe. It works on any currency pair, though it tends to perform best on GBPUSD. It's straightforward to use — a sound alert fires whenever a potential signal starts forming, so you don't need to watch the chart constantly.
Characteristics of Sniper Forex v2
- Platform: Metatrader4
- Currency pairs: Any major pairs, recommended GBPUSD
- Trading Time: European and American sessions
- Timeframe: H1
- Recommended broker: RoboForex | InstaForex | XM
Update: an earlier version of this indicator had a hardcoded expiration check in one of its files (Sniper Stop v2), which caused a "Trial version expired" error for a number of users in the comments below starting in September 2020. I've since fixed this directly in the files available for download here — the license check has been removed, and the indicator now works without any expiration issue. If you downloaded an older copy before this fix and are still seeing the error, grab a fresh copy from the download link below.
Rules of trade by Sniper Forex v2
Buy:
- Lines of Sniper indicator change color to blue.
- Bars of histogram Sniper Trend A and Sniper Trend B painted blue.
As soon as any one of the Sniper indicator's lines turns blue, the system fires an alert flagging a possible trend change. Once all three lines have turned blue, an arrow appears on the chart, marking the likely trend direction.
Once the arrow appears, confirm that the Sniper Trend A and Sniper Trend B histogram bars are also blue before opening a position — don't enter on the arrow alone.
Sell:
- All three Sniper indicator lines turn red.
- The Sniper Trend A and Sniper Trend B histogram bars turn red as well.
Set your Stop Loss at the level marked by the Sniper Stop indicator's dots.
Once the trade reaches 25 pips of profit, move the Stop Loss to breakeven.
If you're trading with two lots: close the first at the initial Take Profit (100 pips for GBPUSD), and close the second once the Sniper indicator's lines flip to the opposite color.
If you're trading with a single lot instead, exit either at 100 pips of profit or as soon as you see an opposing signal or any sign of a potential trend reversal.
As with any strategy, only move Sniper Forex v2 to a live account after it's produced consistently solid results on demo.
In the archive Sniper_Forex (90.0 Kb).rar:
- SHMA.ex4
- Sniper.ex4
- Sniper_Stop_v2.ex4
- Sniper_Trend_A.ex4
- Sniper_Trend_B.ex4
- Sniper Forex.tpl
Free Download Sniper Forex v2
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