Forex for a trader
Forex sniper multi trend signal indicator

Forex sniper multi trend signal indicatorForex sniper multi trend signal indicator. You can find a number of trading strategies called "Sniper" online, but today we will talk about the cognominal system on the indicators, as it is easy to use and, incredible as it may seem, is unique, because it is built on its own formulas and does not copy the pattern of other traders. Despite its age (about 7 years), the Sniper strategy is still not without reason attracting the attention of speculators. Firstly, it is perfect for both intradayers and positioners. Secondly, the work does not impose any strict limitations on trading tools, although initially the algorithm was designed for the British pound. And thirdly, there are a few advisors on the basis of the system of indicators today. Sniper strategy and working indicators. You can find several versions of this method online, with various additions, modifications, and even scripts, but the pattern for the base and concurrently the most reliable version will include a set of the following indicators: Sniper - a combination of moving averages, presented on the chart in the form of three lines and giving audible signals when the notification is on Sniper Stop – a modification of the standard Parabolic SAR, which points have been assigned different colors for the bullish and bearish market. Intended for setting the stop-loss and trailing positions; Sniper Trend A and Sniper Trend B – special charts in the "basement" windows. To make deals to buy, several conditions must be met. 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. At that, you won’t be able to use the tactics characteristic of many histogram indicators and suggesting to buy the instrument at the moment when a new histogram bar closed above the previous few. 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. In fact, the question of whether to wait for the change of direction of the Parabolic SAR is quite controversial, according to disputes arising in the traders’ communities. On the one hand, if you use the standard SAR “in the vacuum", then of course you need to wait, otherwise it makes no sense, but on the other hand, the Sniper strategy gives accurate signals without such confirmation, so there is no point in wasting the extra points at the entry because of the possible delay of signals. Sniper strategy and some of the nuances associated with the placement of stops and take-profits. As you might have guessed, the main problem occurs when you set a stop-loss – in particular, in the above example you won’t be able to put a stop-loss behind the Sniper Stop, as it has not changed direction yet. 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: for example, on the euro, flat on which is a frequent occurrence, you can use the method with to the moving average, while for a good trend rates SAR is good, and the original system suggests the same. 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 2007, 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 a consequence of the changing nature of the market. The figure below shows the weekly chart of EURUSD and ATR with the period of calculation of one week: Thus, today the market is completely different and is in a phase of low volatility, so if in 2007 the profit fixed at the level of, for example, 100 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: to set the take for one half in points, taking into account the volatility of the last month; after working out the first target, to move the stop on the second one to the breakeven and fix the profit after the opposite signal according to the rules of the system, i. e. manually after the change of the trend. 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. In particular, the following advantages specific to the considered strategy can be formulated according to the results of this review: Low risk: according to historical data, the stop-loss is rarely much higher than the potential profit; Simple and unambiguous rules that allow to collect and analyze statistics on the history of transactions; There is no strict limit on the working timeframe, though there are instructions where the hour is recommended, which, in our opinion, creates artificial constraints; The availability of audio signals on the main indicator (moving averages), which simplifies trading and takes less time. The main drawback is that there are many indicators for this type of system – for example, histogram reading could be combined into a single code, thus preventing the distracting of the trader’s attention. In addition, there are some difficulties with the Sniper Stop: in practice, in some cases it becomes useless and leads to unnecessary losses of Parabolic SAR delays. Source: Dewinforex. As you can see the image below, this indicator calculates trend on all Time Frames using 9 Indicators: ADX, RSI, MOM, CCI, OsMA, MACD, SAR, WPR, MA. And there is a general trend (M15, M30, H1, H4 and D1 time frame). It is calculated by combination previous 9 indicators. It is a very helpful MT4 indicator. Multi Time Frame Trend Signal.

Download. Note: This Indicator can be used to identify current Trend in Multi Time Frames. But it can not be used alone. Identify the Trend here and use your own Systems. Multi Trend Signal Indicator. As you can see on the image, this indicator calculates trends on all time frames using 9 indicators: ADX , RSI , MOM, CCI, OsMA, MACD , SAR, WPR, MA. There is a general trend (M15, M30, H1, H4 and D1 time frame), which is calculated by a combination of the previous 9 indicators. Conservative trading (very high win probability but less frequent trading signals): ENTRY POINT: When all 9 indicators point in the same direction for the given timeframe place the respective BUY SELL trade. EXIT POINT: When all 9 indicators point in the opposite direction for the same timeframe, exit the trade. Dynamic trading (more balanced win probability but more frequent trading signals ) : ENTRY POINT: When 7 out of the 9 indicators point in the same direction for the given timeframe place the respective BUY SELL trade. EXIT POINT: When all 7 out of the 9 indicators point in the opposite direction for the same timeframe, exit the trade. TIMEFRAME: This can be used on any timeframe. STOP LOSS : We recommend 85% of the timeframe’s Average True Range (ATR) HOT TIP: Keep an eye on the cumulative indicator – it highlights where the trend is going. Sniper Forex v2 – trading system for H1. Sniper Forex is intended for trading on H1 timeframe.

This forex trading system works on any currency pair, but the best results are shown on the currency pair GBPUSD . Sniper Forex v2 is very easy to use, because is equipped with warning sound alerts. Characteristics of Sniper Forex v2. Platform: Metatrader4 Currency pairs: Any major pairs, recommended GBPUSD Trading Time: European and American sessions Timeframe: H1 Recommended broker: Alpari. 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 one of the lines of Sniper indicator changes color to blue, the system issues a warning (Alert) about a possible change in trend direction. When you change the color of all three lines of Sniper indicator to blue on the chart appears arrow, showing the possible direction of the trend. After the appearance of arrows make sure that the histogram bars Sniper Trend A and Sniper Trend B steel blue and only then open a position. Sell: Lines of Sniper indicator change color to red. Bars of histogram Sniper Trend A and Sniper Trend B painted red. Stop Loss is set at the level of the dots Sniper Stop indicator. When the price reaches 25 pips profit, Stop Loss tolerated to breakeven. In position we enter with two lots.

The first lot is closed when the first Take Profit is taken. For the currency pair GBPUSD is 100 points. The second lot is closed when the lines of Sniper indicator changes color to the opposite. If you open a position with one lot, then come out of the market or on reaching a profit of 100 points, or when a opposite signal of the strategy or any signal of a possible trend reversal. Trading strategy Sniper Forex v2, like any other, can be used on a real forex market only after are received consistently good results on a demo account. Ultimate Trend Signals – indicator that works on the most advanced algorithms of profitable trading. Ultimate Trend Signals - is a combination of signal indicators and information that works, according to developers on the most advanced algorithms of profitable trading. Ultimate Trend Signals uses the indicators RSI, MACD and moving average for the analysis of the current situation, the results of which are displayed on the information panel for each timeframe. In this case we are dealing with the second version of the indicator - Ultimate Trend Signals v 2.0. The first version is outdated because it did not work with MT4 600 and above. An updated version of the indicator is compatible with the new builds of the terminal MetaTrader 4. To determine the points of price reversal Ultimate Trend Signals v 2.0 uses indicator Non-Repaint ADX Crossing, which displays the signals for buying options in the form of points corresponding color. In addition, the indicator displays on the graph DAILY OPEN line and the level of PIVOT, which are used in the trade as supportresistance levels.

Characteristics of the Ultimate Trend Signals. Platform: Metatrader4 Asset: Any major currency pair Trading Time: European and start of American sessions Timeframe: M5 (may also be used M15, M30 and H1) Expiry: 5 minutes for M5, for M15 - 15 minutes and so on Recommended broker: Alpari , FinMax. Rules of trade by Ultimate Trend Signals. Here will be described examples of trade for the M5 timeframe. For other timeframes (M15, M30 and H1) are similar to the rules. CALL, under the following conditions: On the information panel appeared signal "SHORT BUY ENTRY". At the same time on the current timeframe (M5), on the previous (M1) and the next (M15) there are inscriptions of green color: "UP", "STRONG", "BULLISH". Appeared a blue dot. Buy a CALL option on the next candle. The expiry is 5 minutes.

PUT, under the following conditions: On the information panel appeared signal "SHORT SELL ENTRY". At the same time on the current timeframe (M5), on the previous (M1) and the next (M15) there are inscriptions of green color: "DOWN", "STRONG", "BEARISH". Appeared a red dot. Buy a PUT option on the next candle. The expiry is 5 minutes. At the same time, do not forget about the levels of supportresistance (DAILY OPEN and PIVOT). Some more recommendations from the developers you can read in the manual, which can be downloaded below. Of course, you must realize that, despite all the assertions of the developers, the indicator Ultimate Trend Signals not a panacea for losing signals, so it is better to use with additional filters. Very important! No matter how profitable was not indicator, but you must understand that 50% of success in trading depends on the broker. For a successful trade with indicator Ultimate Trend Signals requires broker that does not create delays in the opening positions and has a zero spread. That is a broker FinMax . In addition, FinMax regulated by IFMRRC : Multi Trend Signal Indicator. Welcome To This “BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS” Website!

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You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital. RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. By using "Best Forex EA's | Expert Advisors | FX Robots", you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance. Trendsignal makes Trading a lot easier. Its easiest to use just install and follow BUYSELL signals shown by arrows on charts. Is easy to use just follow BUYSELL signal with Pop-Sound, email alerts, can be used on all Currencies, Commodities, Stocks with all Time Frames. Following Trendsignal signals Buying at Low & Selling at High once can easy collect 300-400 Pips a Monthly on a pair. No time for Manual trading? Use our Trendsignal V2.0 Fully Automated EA with inbuilt MoneyManagment, TakeProfits, StopLoss, BreakEven, TrailingStop & many more advance features. Our EA works with all types of MT4 broker, account types, account size, all timeframe.

Generating over 400 Pips monthly on 4H. Great features you'll love. Trendsignal V2.0 Fully Automated EA includes most easy to use parameters but yet power, user customizable. Trendsignal EA uses signals from Trendsignal indicator and follow pattern to buy at lowest and sell at highest with MoneyManagment, TakeProfits, StopLoss, BreakEven, TradingStop & many more advance feature to get most of lowest riskreward ratio. Transparent Performance. Unlike other EA our EA does not Average, Scalp, Martingale but is pure Trend following & trades signal to signal. With 2% MoneyManagment 8 Recommended pairs on 4H Trendsignal V2.0 EA generates monthly average returns of 23% with just 3% Drawdown. EA is user customizable can be used to trade signal to signal or use any set of TP, SL, BE other than recommendation provided in purchase guide. Can be used on all pairs, commodities, stocks, binary option trading, with freedom to use on any all timeframes. On purchase user can use of all of his accounts including real demo different brokers without any limitations, comes with lifetime validity and free future updates. Unlike other EA, our EA provides unmatched easy user interface our EA consist of Few and important inputs like Lot, MoneyManagment, TakeProfits, StopLoss, BreakEven, TradingStop Recommended settings provided with guide. Also our EA does not require DLL imports. Our Support is available to assist your 24X7* on LiveChat, Call Whatsapp:+91-7208180604, Skype: pankajbhaban, Email :[email protected]

com. Hear What Are Clients Say. Your work is going to fill a large part of our of Forex trading, trading with Trendsignal V2.0 EA fully automated is one of best thing i have used, easiest installation i seen ever, best performance. No need to load heavy technicals on charts keep monitoring its, Trendsignal has greatly simplified trading, also i love using you EA, recommended. Questions and Answers. Find below FAQ to your queries. Trendsignal indicator created by Pankaj Bhaban MQL registered November 2010, gained over 1,30,000 downloads rated over 9.7 on MQL codebase. Same EA now available for public use. Trendsignal Indicator can be used for manual trading where as EA can be used for fully automated trading using same signals. How much does it makes? Trendsignal using on 4H timeframe can generate as high as 400 Pips a month, using it on 8 major pairs can add about 3200 Pips a month, which can contribute about 23% a month returns with low 2% risk. Any one using MT4 platform can use it, works with all size of account right from 100$, works with all broker, all pairs, including commodities, stocks, binary option. Installation & Validity. Easy installation just copy-paste ready to use, comes with lifetime unretricted usages. Recommendation guide for settings provided with purchase. We provide 24X7* support for all kind of Forex queries, also our product comes with 30 days money back guarantee.

Download Free Trendsignal V2.0 indicator. We provide Indicator for free to use and know its potential before purchasing Trendsignal V2.0 EA. Pick the best plan for you. We offer monthly as well lifetime validity plan to suit your needs. FX Multi-Meter II - indicator for MetaTrader 4. FX Multi-Meter II. An all-in-one indicator that was inspired by! x-meter. It provides at a glance alot of information that would normally require many charts and indicators and general screen clutter. It was designed to give more precision to both trade entries and exits and provide an instant snapshot of a currency pair's movement. Multi-Meter works on any currency or timeframe and displays the following. A graph of Stochastic Oscillators on timeframes M1 up to D1. An indication of the market trend using Moving Averages on timeframes M1 to D1. The direction of the MACD on the current chart, and crossing of the signal line and zero line. The direction of a fast 3 period LWMA crossing a 5 period SMA (periods customizable). The direction of the Parabolic SAR on the current chart for giving the exit signal and also confirmation for entry. An oscillating graph of the William's % Range indicator. This was used because of its fast movement and unique predictive quality. Also because its very good for identifying OverboughtOversold conditions. A Bar % IncreaseDecrease meter developed to give a direct visual representation of the percentage rise or fall of the current price compared to the last 4 bars.

It's simple but effective. The gist of it is that the previous 4 bar movements (close to close) are averaged and percentaged, so if the current bar rises above 100% it is speeding up above the recent average, conversely if it drops below 100% it is slowing down and taking on a more steady movement. Strong price movements are displayed in bright red or green, with varying shades according to the strength of movement. The overall recommended signal to trade, based on the various indicator signals. And last but not least the spread of the currency, in big easy-to-see numbers. New in Version 2. A History viewer in the form of a vertical line that can be dragged over previous bars to bring up the history in Multi-Meter. (Beta version) A multi-timeframe Trend Graph showing the direction of 7 customizable Moving Averages on 7 timeframes. An OBOS Signal Map, showing the Overbought or Oversold signals from 7 different oscillatorsindicators on 7 timeframes. Customizable Overall Signal, using a combination of current and multi-timeframe indicator signals. PriceChartCurrency display that can be switched on or off. Switch between Default and Compact mode.

Options can now be accessed without reloading onto a chart. Trend-O-Graph and Price displayed. Instructions. INSTALLATION : Shutdown MetaTrader if it is running. Copy the mq4 file to Program Files(MetaTrader4 directory)experts. Copy the Fonts in the zip file to C:WindowsFonts. Then start MetaTrader and open MetaEditor. In the Navigator window on the right double-click FX Multi-Meter II to open it. Press the Compile button and go back to MetaTrader. In the Navigator window on the left open the experts folder and drag Multi-Meter across onto a chart. The Options panel will come up where the settings can be changed, click. Ok and your'e done. Compiling only needs doing once. Options. NOTE : To access the Options (Inputs) for Multi-Meter without reloading it, change to the Monthly timeframe and press F7. By default Multi-Meter has been disabled on the Monthly. timeframe for this purpose because the code runs an infinite loop which does not normally allow the access of Options from a chart display.

To counteract this the loop must be. broken temporarily, in this case the Monthly chart has been set to break the loop and Multi-Meter will not function on this chart by default, but this setting can be changed in the. HISTORY LINE - Enables or disables the History Line. When Multi-Meter is first loaded onto chart you will see the History Line appear slightly ahead of the current time. Double click on it and drag it across the previous bars to bring up the previous indicator values in Multi-Meter. You can delete the line at any time, but changing timeframes will make. a new one appear (only if one is not present). As long as the Histroy Line is ahead of the current price the current readings will be given, so if you're not using it its best to delete it. until you need it again, otherwise it will soon fall behind current time. It is still not perfect and misses bars past the weekend mark, but is quite accurate for short term history. It is. more accurate reading the current indicators than the multi-timeframe indicators. COMPACT MODE - Switches from the default full display to a smaller display that resembles Multi-Meter v.1. The Trend Graph or the OBOS Signal Map are not available in compact mode. DISPLAY PRICECHARTCURRENCY - The PriceChartCurrency display can be turned on or off, font size and colour are customizable.

USE MONTHLY CHART FOR OPTIONS - DisableMonthly disables Multi-Meter on the Monthly chart so that Options can be accessed by pressing F7, or from the Expert Advisors menu. PROCESSING LATENCY (SLEEP) - This is the value in milliseconds that the program loop is stopped before restarting the cycle. Default is 100. It can be adjusted for optimizing the Meter. to your computer. You can reduce the value for slightly more responsiveness of Multi-Meter but go too low and it will start flickering. TREND-O-GRAPH - This graph shows trend waves of the short and longer term trend. Use DisplayTrendGraph to toggle between the Trend Graph and OBOS Signal Map. The Trend Graph. is displayed by default. The values for the 7 Moving Averages can be set here including the MA Type (Simple, Exponential, Smoothed or Linear Weighted). Default is Smoothed. OVERALL SIGNAL - The overall Signal can be configured to include or exclude the direction of most of the indicators displayed. Current indicators are from the current chart and Multi-timeframe. indicators are the MAs from the Trend Bar. Choose which of these signals you want to include or exclude.

By default ALL Current indicators and NO Multi indicators determine the signal. OBOS SIGNAL MAP - This graph displays 7 indicators plotted along 7 timeframes. All of them except Bollinger Bands are Oscillators, and are commonly used for identifying OverboughtOversold. conditions. The indicators are from bottom to top: MACD, Stochastic Oscillator, William's % Range, Money Flow Index, Commodity Channel Index, Relative Strength Index and Bollinger Bands. If the price moves into an OB or OS zone a grey cross will appear indicating a reversal is imminent. When the the price does reverse the cross will become Green for Buy or Red for Sell. The more crosses the better if you a trading a reversal, as the OB or OS level is more significant. The zone values are customizable, the default values are the most commonly used. The OBOS Signal Map should be used when the market is ranging sideways, as Oscillators are not very reliable in strong trends. NOTE: The MACD Buy or Sell signal is the MACD crossing the. signal line, a grey cross appears if the MACD is falling above the signal line, or rising below the signal line. The Bollinger Bands give a grey signal if the price has moved outside of the bands, if the price reverses the Buy. or Sell signal is displayed.

INDICATOR VALUES - Values here are for changing the MA-Xover signal, MACD signal, Parabolic SAR signal, MA Trend Bar, W%R and Stochastics. Reversal Trade setup. Interpretation of the Signals. As Multi-Meter is a direct display of various indicators, the principles of each should be reviewed to get a good idea of how to interpret them. Visit metatrader5enterminalhelpcharts_analysis. The Bar % Meter is similar to the Rate Of Change indicator. Overall Signal in the top right corner can be set with different basic conditions. A few minutes with the History Line should show you more than I need explain here but a basic approach to reading the Meter is as follows. Identify the longer term trend with the MA Trend Bar or Trend Graph. Check the PSAR reading on the slower timeframes, ie. H1 to W1. Identify the shorter term trend with the MA Trend Bar, Trend Graph, MACD, MA-X, and P-SAR on the faster timeframes, ie. M1 to M30. Use Stochastics, W%R and OBOS Signal Map to identify OverboughtOversold conditions or even small oscillations in price. Use the Bar % Meter for identifying an accelaration or decceleration of price movement. MA-X will usually be the first signal after Bar % Meter to show a reversal of price direction. MACD will follow suit soon after which confirms the MA-X reversal. P-SAR will follow after if the reversal is not false.

It is most useful for confirmation and especially exiting trades. Overall Signal will combine the chosen indicators for trade entry confirmation. A simpler approach might be. if everything is Green, BUY, if everything is Red, SELL. Example interpretation for Reversal Trade setup. - OBOS signal Map indicates an extremely Oversold condition on M1 to H1 charts. Recommends BUY. - Bar % Meter is showing that the strong bearish price movement is slowing down and beginning to move up. - MACD is heading downwards. - MA-X is showing that the fast moving 3-period Linear Weighted MA is below the slower 5-period Simple MA. - P-SAR is still travelling downwards and hasn't swung around yet. The trend is not yet broken. - WPR% is in Oversold territory. - All MA's except D1 timeframe are trending downwards.

- Stochastic Oscillator on 5 timeframes are at rock bottom, indicating an extremely Oversold price condition. - Current spread is 0.8 pips. Nice! - Overall Signal = Wait (before confirmation to Buy) Sniper Forex Indicators. This is not so much of a review as a helpful hint. Sniper Forex system is a manual system that has been around for a while now and in all fairness has had relative positive reviews. It does not claim to be something it’s not and does not lead you up the garden path..or at least not like some Expert Advisors do. Sniper forex trading system is a set of indicators combined with various but straight forward rules for entry and exit. It is clear from a visit to the Trade2Win forum and a read of 120 odd pages on the subject that people definitely rate this or at least the principle behind it. When I asked the members to name something they liked and something they disliked about it, it was met with the response; “ I can’t think of anything I like least. The system is as good a system as you are likely to find out there. It is really good at catching the trends, but like any system, the ranging markets are hard on it. Even on ranging, most times the stop outs are at a minimal pip loss “. And there are plenty of examples of “tests” that suggest that risk to reward ratio is excellent, which if you know me by now, is in my opinion the most important factor to consider in a trading system. So all in all, Sniper Forex would seem like a system to try out. The good thing about Sniper Forex is that you are able to have a trial demo for free when you visit their site.

And this is where things started to get interesting. Purely by accident I notice a similarity between one of the indicators and one I already had on my chart. After adjusting the settings on my chart I noticed it was actually identical. So I started to have a look at the other indicators and could see by the settings on the indicator that one shared very similar settings with a well know common indicator. So on comparing the two it was clear again that this indicator is a common indicator. I am also happy to say as of yet I haven’t identified the 3rd (and 4th) indicator but I am sure it won’t be too hard to discover after a little more work. So why am I telling you all this? In all honesty, compared to some system sellers, Sniper forex comes across and pretty good. However, I am not sure I could suggest that you part with nearly $300 for something that is for sure half based on common indicators. Ideally I would rather see something such as Sniper, being sold with free open source indicators and sold as a detail trading method based on those indicators. Rather than making the indicators out to be some secret clever indicators. That being said…I can’t fault that the indicators look nice when they are displayed in the sniper format but is that really worth the cost? Probably not. I would rather the method with full disclosure of the indicators were sold for $30-$50 or suchlike. Anyway, below are the indicators I think are common indicators.

Take a look yourself. Try the demo and compare and decide for yourself whether you need to pay $300 for the ‘other’ indicators. Here is a quick chart with the Sniper Forex indicators on. You will notice the 3 lines than move in tandem with each other. Those are the Sniper’s signal lines. You will see that the middle line is coloured green when the others are coloured blue. This is because this is actually a Hull Moving Average which I added to the chart set to period 30. This matches the Sniper indicator’s middle line perfectly. as for the other two lines I would suggest that they are a Hull moving average applied to the high and to the low, although I have not tried it. The bottom indicator called Sniper Trend B is basically a Parabolic Sar set to 0.01 and 0.1 in the settings and displayed a a red bar when the price is below it and blue bar when the price is above it. Simple as that. As for the other indicators, I would need to do some more. For the stop signal one could try something like supertrend or chandelier exit or even another parabolic Sar . I think the two indicators mentioned above could be enough for someone to base their own trading system on. But I think what this post does show is that when things are displayed differently they often look more appealing.

Also when they are advertised as mysterious indicators they seem even more attractive. But in reality, mot much is new in this game anymore. It’s all just repackaged and re-priced stuff from old. Hope you enjoy the Sniper Forex System if you do buy it and hope you enjoy making your own system if that is the path you choose. Clicking on any of the indicator names will take you to the indicator download page where you can download various versions of these indicators for free. Here is an ATR Stop indicator that may do the trick for the stop. Have a play with the settings and let me know. An update on Sniper Forex:-I think I may have cracked the Trend A indicator. I should have noticed it before. Ignoring why the blocks rise and fall it looks like the colour changes on closing barsperiods below or above a moving average. Maybe the Hull moving average. A faster one that the centre line. Some times it’s one bar out or two but that could just be the difference in the way it wasis calculated or maybe it’s based on a close below the low and high hull moving average.? It may be based on whether the MA it is based on is sloping upwards or downards but would need some more time to look into it. But if you have a play with various Moving averages I am sure you will see how close you can get it to Sniper Forex. You will probably also see how little differences the variation between different indicators matters. Multi Trend Signal Indicator.

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