Touches line,. Fx Prime Final as filter. Trading rules Sniper Trading System. Lukas arrows and curves buy arrow. MACD 3d above golden line. Blue bar. blue touch line. Fx Prime final blue color. Lukas arrows and curves sell arrow. MACD 3d below golden line.

Red bar. Red touch line. Fx Prime final red color. In the pictures Sniper Trading System in action. updated version of sniper trading system is here. what is new golden line-- created golden line that helps to decide make or break level for ongoing trend.

that enables simply cloud based trading with ease. buy signal. sell signal -- 1 -- macd cloud below golden line. have profitable, precise and simplified accurate non repainting forex trading with sniper trading system fx give your feedbacks as they are valuable for improvising further. Share your opinion, can help everyone to understand the forex strategy. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.

The Sniper Forex Indicator system can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it in any time frame that suits you best. Save my name, email, and website in this browser for the next time I comment. Press ESC to close.

The take profit is equal to the stop loss green line. If you enter a trade counter the trend when the price retraces from the TIL in long timeframes , you exit the trade in the same way. The only difference is that you put a take profit based on the flat patterns in the short timeframe.

Try to master the strategy at least for one currency pair, as it is rather confusing. The theory is good. But is hard to track all these patterns if are not trained, especially in the short timeframe. So, I do not think this strategy is good for newbies, and the professional traders already make profits trading based on patterns and strong levels.

This is rather a result of a well-designed marketing campaign. This gave hope to the beginners that there appeared a really winning low-risk trading strategy. Next, the strategy was spread on the Internet accompanied by grateful comments, which made the product commercially successful. The forex trading strategy Sniper is a good training tool for the demo account, it will teach you to discover emerging candlestick patterns, visually determine the horizontal levels, and so on, which is good in all types of trading.

And, of course, it will train to follow risk management that is the discipline. It makes sense to use some of its rules together with indicators. The description is confusing, so it is hard to understand the rules. Classical trading horizontal levels most commonly used as an additional tool is so confusing here, that it is difficult to decipher it even after reading the description a few times. Different Internet sources give different interpretations of the Sniper strategy.

The strategy can hardly be automated. It can be traded only manually. The strategy is efficient only provided you strictly observe its rules. However, the rules are so vaguely described that everybody interprets them in their own way.

So, much of success depends on the skills and the intuitions of the trader. During the analysis, there are a lot of discrepancies in the identification of the support and resistance levels and flat zones. The trading system Sniper is a common technical analysis with the differently named terms. The upgrades were launched to rather keep the interest of beginners and to support the created marketing environment.

One of such upgrades is the Sniper X. I have generally analyzed the Sniper strategy and a few of its upgrades appeared in What else could be done with the classics of technical analysis? As early as in , there appeared another variation of the Sniper strategy on the Internet. It is Sniper X and it has the following difference from the original version:. You can use it in medium- and long-term trading the previous version used by day traders suggested only short-term trading.

There is a new working algorithm for corrective price moves that allows one to accurately identify the correction zones. The IL and the TIL are replaced by a new term, it is the local and the global level of disbalance, the construction algorithm is also improved. The Sniper X developers claim that the problem of identifying the local micro-trends the price direction on M1-M5 timeframe has been solved.

There have been also developed the templates if the price behavior when it is approaching the support or resistance levels. If you have enough will and patience to study the Sniper X system thoroughly, write about the results in the comments. Thank you in advance! From a general point of view, a forex EA is a metatrader friendly software application developed to help forex traders generate forex trading signals and probably trade the forex market with those signals bases on a stipulated structured computer program without any human input in the process of the trade.

The forex market accounts for over 5 trillion USD on a daily basis, and there is a robot that can help you get some of that money without your input — even dummies are bound to develop interest and that is where all the negative reviews about forex robots come from. There is more to forex EA than what we readily hear about it, and there are different types of forex EA available in the forex market, one of which is the sniper suite EA.

What is the sniper suite EA all about, and what makes it different from other EAs? Like many other professional traders, Jeremy Delton created the forex sniper suite, a forex expert adviser that help forex traders trade the forex market and make some good profits. The forex sniper suite can trade like a human trader can. It can perform task like. Note that the forex sniper suite works for all the major currency pairs, as opposed to other EAs that may falsely claim to work for all currency pairs; and of course, it functions only on the metatrader platforms MT4 and MT5.

There are two different versions of the forex sniper EA, the basic version and the ultimate version. The primary use of sniper forex is to trade or invest on the H1 timeframe. While it is compatible with all currency pairs, this indicator emits superlative results when operating on the GBP USD pair.

Other than this, it also provides investors with notifications regarding changing price trends and monitors the market for any trend reversals. The following are few characteristics of this indicator. While opting for any indicator, it is always crucial to make a comprehensive study of the areas where that indicator will find the application. For a trader, the primary significance of use refers to carving out profitable buying and selling signals.

So, here is an in-detail review of the same:. The sniper indicator represents a profitable buying position by changing its color to blue. This also reflects in the candlesticks of its histogram trend with a blue shade. Similar to other indications, once the sniper changes its color, it issues a warning or alert to make its users aware of a possible shift in market trend.

On the other hand, sometimes, all three trend lines in this indicator can change their color to blue. This signifies a sure occurrence of bearish trends and opens up strong buying conditions.

During such a situation, investors need to set their cards right so as to provide their trades with the most profitable opening bids. A sell signal in forex sniper indicator comes in the form of red. Both trend bars of this histogram also represent a red tint in such cases. This indicator prefers in setting the stop loss close to floor values of currency pairs.

In case of a bullish market, all three lines of this indicator change to red. This also sends an alert to its users via the MetaTrader app. As a result, every trader looks to close their positions on a profitable note. The biggest advantage of using sniper forex indicators is their association with the MetaTrader platform.

MT4 or ZMT5 is available to all users via a PC or smartphones and helps them to keep a constant track of their accounts. Moreover, it also supports a demo account.

LiteFinance Global LLC does not provide brokerage services in your country. org website, you confirm that access to all programs and services is provided to you for informational purposes only, without the offer of registration. Dozens of trader blogs, brokers and information resources offer the Sniper strategy, there even single-page landing, and the Sniper price action strategy has at least 5 complete variations.

Is it worth buying? Does it make any sense to spend your time on studying the Sniper trading system? You will find the answers to these questions in this article. Tell me, how do you estimate the efficiency of technical analysis tools? They are commonly criticized for lagging, the need for constant optimization, the inability to react to force majeure and so on. Even if you add multiple moving averages and oscillators to your chart, they are likely to indicate opposite situations, so, it is hard to make trading decisions.

If out of hundreds of existing indicators, no tool can provide accurate information, does at all it makes any sense to apply indicators to trading? Traders using a non-indicator trading strategy the Price Action do not think indicators to be useful, that is the feature of the price action trading style - no indicators employed. Price action traders believe that market moves entirely depend on the psychology of the majority of traders. Price Action trading tools are not so numerous as technical indicators, but this system includes quite unusual trading strategies.

One of the price action trading strategies is the Sniper trading system that was thought to be one of the most popular in the commercial segment in Price Action describes the characteristics of price movements. The founder of technical analysis Charles Dow considered that a price chart itself contains all the necessary information.

The price action already includes political, economic and psychological factors, so the trades do not need to read much of analytical information. Everything is already reflected in the price chart, so, you only need to analyze the price moves, and technical indicators are useless here as they do not have flexibility swift response to the market change. In the short term, the market is chaotic, so, the method is effective in long-term trading or as the basis of day trading strategies.

The theory is based on emerging price chart patterns that reflect the sentiment of the majority. Here, the focus is on the trader psychology who in many cases behave in the same way.

The system works when the market is trending, so, the trader may follow the majority. One will hardly earn in long-term flat trend, taking into account the swap costs.

Price Action tools are mostly price chart patterns regularly emerging chart formations , support and resistance levels, having different variations of constructing Fibonacci, round numbers and so on. The comparison of the Price Action system and indicator trading may be represented as a table:.

It combines non-indicator analysis with any other trading system. Price chart patterns may be validating the signals delivered by the indicators, one can set pending orders according to important levels. There are problems with combining multiple trading systems. For example, if you add multiple indicators of a different design to the chart, it will only increase the number of false signals.

There is a natural question. If you use indicators to discover price patterns and levels, will this trading strategy refer to a non-indicator Price Action system? I suggest we discuss this idea in the comments. The Sniper strategy Forex is a Price Action strategy. The idea was suggested by Pavel Dmitriev about 10 years ago, and there are comments that this is just another upgraded version of such trading strategies as Meat, Meat 2, and Alive System.

If you want, you may find more information on the Internet and share it in the comments. A remarkable fact. When this strategy was released, hardly anyone knew about Pavel Dmitriev.

But everything changed when there were created dozens of groups in social media, accounts on trader forums, where the Sniper strategy was being actively discussed. To attract beginner traders, the broker-kitchens and so-called business coaches offered a course teaching the strategy for free or with a significant discount, which increased the interest in the strategy, and the hype around it.

And a training course here was really needed. Common trading based on important levels was hidden so intricately that it was quite hard to understand it.

It is not clear why should you apply a tactic that has so many difficult points and you should spend time studying its basics. There many simple trading strategies for beginners, why should one buy a complex one for big money?

The answer is a professional marketing campaign. The Sniper trading strategy breaks some of the Price Action principles in some way. It is designed for short, 5-minute intervals within a day with a short range of profit for one trade, so the strategy can be referred to as scalping in a way.

To disguise the classical theory of technical analysis that is the basis of the Sniper strategy, the developer introduced his own terminology. Bank Level BL is the level where the previous daily bar closes. The time is Greenwich Mean Time.

Total Impulse Levels TIL are the support and resistance levels that are built on longer timeframes М30 — Н4. The level of Sharp Change in Trend LSCT is seen by the candlestick with a long shadow in the trend direction in the short М5 — М15 timeframe.

Simply put, the candlestick that marks the key level breakout and the start of the opposite move. Impulse levels IL are the support and resistance levels that frame a flat in the M5 timeframe. You enter trades only in the short-term timeframe. The major working timeframe is М1 or М5.

The trades are entered at the extreme price levels hit on the previous days, so two charts are used for the analysis. The bank levels are used to determine the entry points, these are the strong levels of the previous days where experienced traders enter the highest number of trades.

The profit size before the partial profit taking is the same as the stop loss size. If after the partial profit-taking, the price will reverse and hit a stop loss, the trade will break even.

Step 1. The strategy developer suggests you start to construct the levels based on the so-called Bank Level, which means a three-hour shift before the day close relative to He claims that a point of And because banks are the primary market-makers and the liquidity providers, their trades may mark a strict price level.

On one famous investment forum, I saw the results of interesting research. It reads that the trading systems operating on the timeframes of H1 and longer are not sensitive to the different GMT of brokers. Step 2. The bank level is just a reference line, while the primary limit levels are the price extremes of the previous day. The framework graphically looks like this.

The trader should draw the levels along with the high and the low of the previous day yellow lines in the figure. Once the price breaks out one of these levels next days and reverses, one should enter a trade. In this example, it is a buy trade. Here, I should also mention another common term in the strategy, Consolidation Zone. After most of the trades are exited ahead of the end of the trading day for the sake of saving on the swap fees, the Asian trading session starts that features relatively low volumes of trades.

Because of low liquidity, there emerges the Consolidation Zone that is basically a night flat. The above figure displays the examples of such flat consolidation zones, when, form early evening to early night the range of price fluctuations gets considerably lower.

Step 3. Identification of the Total Impulse Levels TILs in the longer timeframes and Impulse Levels Ils in the shorter timeframes. The Impulse Level means a range of prices in the short-term timeframe, which is a short section of the price flat movement. Or, it is a common sideways trend. There is not a common opinion on the identification of the consolidation zones and the impulse levels, according to arguments on trader forums.

Many see just no difference between these concepts, and I agree in a way with them. I want to stress that the screenshots presented in the articles are just some examples of what the strategy author means.

All these zones are identified subjectively! The level of a sharp change in trend is a common pin-bar that is a candlestick whose shadow in the trend direction is longer than that of others. Rules for entering trades. The Sniper trading system suggests basing on the extreme price levels of the previous day identified in the longer timeframes.

After the extreme price levels of the previous day are drawn and projected into the current day, one identifies the consolidation zones and flats in the short-term chart and paints local impulse levels within daily extremes. Trades in the trend direction. Trades counter the trend. Trades are entered on the rebounds from the bank levels or TILs.

That is, on the rebounds from the boundaries of the global daily channel, or the levels formed by market makers. There may be variants for the conditions to determine a false or a true breakout. According to one of the versions, a true breakout is a pin-bar that is at least 4 pips longer than the breadth of the local IL range. According to another version, one should enter a trade if the price rebounded from the upper or lower boundary is more than 15 pips the flat range on M1-M5 chart is usually less, so such retracement may signal the sideways trend breakout.

Rules for exiting a trade. The volume that you enter a trade must be shared into two orders. The first order is closed at the take profit that is set at the same distance from the entry as a stop loss. The stop loss size is about 1- pips red line. Once the lower boundary of the range is broken out, you enter a short trade with two orders yellow line.

How to open a selling trade by the Sniper strategy? While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live. Like many other professional traders, Jeremy Delton created the forex sniper suite, a forex expert adviser that help forex traders trade the forex market and make some good profits. Here, we also focus on the energetic movements of the asset during the most active trading sessions. This week could be a relatively quiet one for the currencies, but it is worth keeping an eye on oil prices and the rhetoric of the Fed officials.

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