Advisor Snipper. Semi-automatic trader's assistant
The Sniper trading strategy has created a huge amount of information noise around itself.
A simple indicator-free strategy based on simple price patterns, such as accumulation and distribution, was sold for huge amounts of money.
Moreover, many dealing centers conducted webinars teaching their clients similar tactics.
However, due to the commercial component, the strategy was subject to enormous criticism.
Despite this, the famous “Safe” rule, which helps preserve the trader’s profit, has become quite popular among traders, since this approach has become a kind of novelty in money management.
In practice, this approach to working with orders causes some difficulties for beginners, so programmers have created a special advisor, the Snipper assistant, which allows you to implement it in practice.
It is worth noting that the expert does not analyze the market by sniper strategy, but is an ordinary assistant for implementing a popular approach to money management.
It is also worth noting that the advisor works with absolutely all possible time frames, so it can become a quality addition to your strategy.
Installing the Snipper advisor
The Snipper advisor is a custom assistant advisor, so by default you will not find this robot in any MT4 trading platform.
That is why, in order to use it, you need to download the expert file from the link at the end of the article, and then follow the procedure for installing it in the trading platform.
The installation procedure for the Snipper advisor follows a standard procedure and is no different from installing any expert, namely, you will need to drop the downloaded File into the appropriate folder in the terminal data directory.
To launch the data catalog, open your MT4 trading platform and go to the “File” menu in the upper left corner. You should see a list of options, among which find and run “Open data directory”.
After opening the directory, a list of platform system folders will be displayed on your monitor screen, among which find the folder called expert and drop the previously downloaded Snipper advisor file into it.
In order for the terminal to see the installed file, you must close the data directory and update it in the “Navigator” panel, or restart the trading terminal.
After the update, Snipper will appear in the list of advisors, and in order to use it, just drag the name of the robot onto the chart:
Algorithm of the advisor's work. Practical application and settings
As we have already noted, the sniper advisor is semi-automatic, namely, it does not directly open orders.
To open orders, there is a special panel on the chart with buttons; when clicked, the expert will simultaneously open two orders for total positions.
The advisor works according to the “Safe” rule, the essence of which is to open the total planned volume with two orders, but with different goals. The probability that the price will reach the nearest target is an order of magnitude higher than that of a more distant one.
So, the advisor calculates profit and stop in such a way that if the first order goes in your direction, and the second closes according to the stop order, you will break even.
There is also an “Acceleration” button on the panel, which flips your position with a huge lot if a signal in the opposite direction appears after closing one of the orders.
So, in the “Take Profit” line you can change the position target in points, and in the “Stop Loss” line you can change the value of the stop order in points for both orders.
In the “Total lot” line, you can enter your own position volume, which will be divided into two positions with the same lot. If you do not want the expert to enter the market with two orders, select False in the “Open two orders” line.
However, in this case, the expert will partially close the position when the first goal is achieved.
In line "Stop loss accelerating order" you can limit the potential loss in points for an order that is involved in reversing a position. The “Magic order number” line allows the advisor to identify only orders that were opened with its help.
In conclusion, it is worth noting that the Safe Rule is perfect for any trend trading strategy, and thanks to the Snipper advisor, you can get rid of routine actions and automate the process of opening and managing orders.
Download the Snipper advisor