Sniper Forex System

[pircj]

now with email alerts

Now with email alerts...

Added note!!! USE ON DEMO ACCOUNT ONLY!

Check this post:
http://www.trade2win.com/boards/for.../37134-sniper-forex-system-21.html#post870720

Added is levels of entry written on screen as a comment and also in the popup window.

Next will be added email alert - then no waiting before the screen for hours will be necessary.

Be good, Jerry

 

[ougoah]

Now with email alerts...

Thanks man, that's great.

 

[karl6666]

Well, I am glad for the one's that were in. I am walking around looking like karl's picture right now. lol

The existing home sales in the US came out at 9am, and it was way above expectations. Drove the market like crazy with the huge spike in the last hour.

Karl,
Yes he had that out. but hell, Sniper is good too. Looks like sniper but with only one histogram.
Kent

that picture was taken, straight after i was caught in a farmers field with my pants round my ankles

 

[forexkunta]

that picture was taken, straight after i was caught in a farmers field with my pants round my ankles

Ouch, sucked to be u. lol

 

[ougoah]

pircj, it seems that the EA closed my short trades on GU when it alerted to go long on that pair. is this what it should be doing?

H

 

[pircj]

pircj, it seems that the EA closed my short trades on GU when it alerted to go long on that pair. is this what it should be doing?

H

This EA does not open or close any trades. Will revew it again and post back later.

Use it on demo account only of course to observe trading signals - nothing else.

Thx Jerry

P.S. Just checked - indeed it might have closed any open trades when it got signal to go the opposite direction. As said above for now just use it on demo and in any case when attaching to the chart Allow Live Trading but be sure to check "Ask for manual confirmation" - this will prevent any unwanted action on any of the open trades. Sorry for the trouble!

 

[pircj]

I will be working on this EA some more to incorporate trailing stop based on Sniper Stop, targets as per suggestions in this thread (two lots), two lots trading and make it work also on live account as automated trading.

If you are prepared to test it I am prepared to program it. So are you in?

Open source can be provided upon request (PM me).

This EA does not open or close any trades. Will revew it again and post back later.

Use it on demo account only of course to observe trading signals - nothing else.

Thx Jerry

P.S. Just checked - indeed it might have closed any open trades when it got signal to go the opposite direction. As said above for now just use it on demo and in any case when attaching to the chart Allow Live Trading but be sure to check "Ask for manual confirmation" - this will prevent any unwanted action on any of the open trades. Sorry for the trouble!

 

[forexkunta]

This is the last 2 days of trading with Sniper, using the rules. Kinda hard to argue with.

Closed Transactions
Open time Type Size Pair Price S/L T/P Close time Price Comm Taxes Swap Pips Profit
2009.08.21 01:07 sell 1.00 gbpjpyfxf 154.78 154.62 2009.08.21 06:55 154.62 0.00 0.00 0.00 16 170.42
2009.08.21 03:36 sell 1.00 gbpjpyfxf 154.15 154.02 153.65 2009.08.21 05:01 153.65 0.00 0.00 0.00 50 534.36
2009.08.21 01:07 sell 1.00 gbpjpyfxf 154.80 155.83 154.05 2009.08.21 03:30 154.05 0.00 0.00 0.00 75 801.20
2009.08.20 14:45 sell 1.00 gbpjpyfxf 155.42 156.08 154.92 2009.08.20 22:35 155.68 0.00 0.00 -5.31 -26 -275.86
2009.08.20 14:45 sell 1.00 gbpjpyfxf 155.45 156.24 155.33 2009.08.20 20:23 155.44 0.00 0.00 0.00 1 10.62
2009.08.20 10:45 sell 1.00 gbpjpyfxf 155.46 155.41 0.00 2009.08.20 13:40 155.41 0.00 0.00 0.00 5 53.09
2009.08.20 10:44 sell 1.00 gbpjpyfxf 155.46 155.21 154.71 2009.08.20 12:30 154.71 0.00 0.00 0.00 75 798.30
0 0 -5.31 196 $2 092.13

 

[FormulaOneFan]

This is the last 2 days of trading with Sniper, using the rules. Kinda hard to argue with.

Closed Transactions
Open time Type Size Pair Price S/L T/P Close time Price Comm Taxes Swap Pips Profit
2009.08.21 01:07 sell 1.00 gbpjpyfxf 154.78 154.62 2009.08.21 06:55 154.62 0.00 0.00 0.00 16 170.42
2009.08.21 03:36 sell 1.00 gbpjpyfxf 154.15 154.02 153.65 2009.08.21 05:01 153.65 0.00 0.00 0.00 50 534.36
2009.08.21 01:07 sell 1.00 gbpjpyfxf 154.80 155.83 154.05 2009.08.21 03:30 154.05 0.00 0.00 0.00 75 801.20
2009.08.20 14:45 sell 1.00 gbpjpyfxf 155.42 156.08 154.92 2009.08.20 22:35 155.68 0.00 0.00 -5.31 -26 -275.86
2009.08.20 14:45 sell 1.00 gbpjpyfxf 155.45 156.24 155.33 2009.08.20 20:23 155.44 0.00 0.00 0.00 1 10.62
2009.08.20 10:45 sell 1.00 gbpjpyfxf 155.46 155.41 0.00 2009.08.20 13:40 155.41 0.00 0.00 0.00 5 53.09
2009.08.20 10:44 sell 1.00 gbpjpyfxf 155.46 155.21 154.71 2009.08.20 12:30 154.71 0.00 0.00 0.00 75 798.30
0 0 -5.31 196 $2 092.13

well done! May we know whether this Is based on gary's sniper forex tool? Also did you trade based on 30M or 1H chart?

 

[forexkunta]

This is the first 3 days of this week, not using the rules properly, and chasing trades. Ouch.


Closed Transactions
Open time Type Size Pair Price S/L T/P Close time Price Comm Taxes Swap Pips Profit
2009.08.19 14:16 sell 1.00 gbpjpyfxf 154.57 155.62 0.00 2009.08.19 16:23 155.36 0.00 0.00 0.00 -79 -841.14
2009.08.19 13:47 sell 1.00 gbpjpyfxf 154.55 155.62 153.80 2009.08.19 16:23 155.36 0.00 0.00 0.00 -81 -862.44
2009.08.19 13:43 sell 1.00 gbpjpyfxf 154.19 155.62 154.07 2009.08.19 16:23 155.38 0.00 0.00 0.00 -119 -1 267.03
2009.08.18 23:57 buy 1.00 gbpjpyfxf 157.44 156.38 157.74 2009.08.19 01:12 156.38 0.00 0.00 0.00 -106 -1 120.51
2009.08.18 23:22 buy 1.00 gbpjpyfxf 157.23 156.38 158.23 2009.08.19 01:12 156.38 0.00 0.00 0.00 -85 -898.52
2009.08.18 23:21 buy 0.05 gbpjpyfxf 157.20 156.38 157.80 2009.08.19 01:12 156.38 0.00 0.00 0.00 -82 -43.34
2009.08.18 23:21 buy 0.05 gbpjpyfxf 157.20 156.38 157.50 2009.08.18 23:51 157.50 0.00 0.00 0.00 30 15.80
2009.08.18 17:46 sell 1.00 eurjpyfxf 133.64 134.08 133.20 2009.08.18 22:48 134.08 0.00 0.00 -5.28 -44 -463.84
2009.08.18 12:34 sell limit 1.00 eurjpyfxf 133.90 134.35 0.00 2009.08.18 12:35 133.48 cancelled
2009.08.18 11:35 sell 1.00 eurjpyfxf 133.84 134.48 0.00 2009.08.18 12:32 133.47 0.00 0.00 0.00 37 390.38
2009.08.18 02:27 buy limit 1.00 gbpjpyfxf 155.45 154.69 0.00 2009.08.18 02:34 155.63 cancelled
2009.08.18 00:28 buy 1.00 gbpjpyfxf 154.80 154.22 0.00 2009.08.18 02:08 155.43 0.00 0.00 0.00 63 663.72
2009.08.18 01:09 buy 1.00 eurjpyfxf 133.70 132.76 0.00 2009.08.18 02:07 133.97 0.00 0.00 0.00 27 284.42
2009.08.17 21:00 buy 1.00 gbpjpyfxf 154.53 153.70 154.98 2009.08.17 21:59 154.30 0.00 0.00 1.06 -23 -243.44
2009.08.17 16:32 sell 1.00 gbpjpyfxf 154.05 154.91 153.86 2009.08.17 20:08 154.37 0.00 0.00 0.00 -32 -338.70
2009.08.17 13:35 sell 1.00 gbpjpyfxf 154.16 154.91 152.91 2009.08.17 20:08 154.37 0.00 0.00 0.00 -21 -222.27
2009.08.17 01:31 sell 0.05 gbpjpyfxf 155.51 156.44 155.11 2009.08.17 03:19 155.66 0.00 0.00 0.00 -15 -7.92
2009.08.17 00:38 sell 1.00 gbpjpyfxf 155.86 156.44 155.11 2009.08.17 03:19 155.67 0.00 0.00 0.00 19 200.81
0 0 -4.22 -511 -4 754.02

 

[forexkunta]

well done! May we know whether this Is based on gary's sniper forex tool? Also did you trade based on 30M or 1H chart?

Yes, this was based on Sniper Forex, using the 30M Chart.
Kent

 

[ougoah]

I will be working on this EA some more to incorporate trailing stop based on Sniper Stop, targets as per suggestions in this thread (two lots), two lots trading and make it work also on live account as automated trading.

If you are prepared to test it I am prepared to program it. So are you in?

Open source can be provided upon request (PM me).

I'm in =)

H

 

[FormulaOneFan]

Yes, this was based on Sniper Forex, using the 30M Chart.
Kent

wow. you got that to work on 30M chart on GBP/JPY.

For the last 40-50 minutes 30M chart for GBP/USD gave short entry but the market is going the other way.

May I know whether modified the system to adopt to GBP/JPY to work on 30M chart?

 

[forexkunta]

wow. you got that to work on 30M chart on GBP/JPY.

For the last 40-50 minutes 30M chart for GBP/USD gave short entry but the market is going the other way.

May I know whether modified the system to adopt to GBP/JPY to work on 30M chart?

No modification. Just use the 30min entry and the 1hr stop loss.
kent

 

[rossobonks]

This EA does not open or close any trades. Will revew it again and post back later.

Use it on demo account only of course to observe trading signals - nothing else.

Thx Jerry

P.S. Just checked - indeed it might have closed any open trades when it got signal to go the opposite direction. As said above for now just use it on demo and in any case when attaching to the chart Allow Live Trading but be sure to check "Ask for manual confirmation" - this will prevent any unwanted action on any of the open trades. Sorry for the trouble!

Pircj

The EA you posted doesnt seem to have the source code with it.I thought you needed both an EX4 and a MQ4 files for an EA to work and backtest it?

DR

 

[forexkunta]

wow. you got that to work on 30M chart on GBP/JPY.

For the last 40-50 minutes 30M chart for GBP/USD gave short entry but the market is going the other way.

It seems to be going the right way now. Even the 1HR does that from time to time.
Kent

 

[forexkunta]

If you had gone in at 1.6502 then you would now be up 15 pips or so.

 

[FormulaOneFan]

short entry on 1 hour chart. gbp/usd. But it looks very slow though.

 

[pircj]

Thanks for this informative post.

To backtest exact entry point you could use my EA which only displays entires at exact positions...
EA is in its early stages and I plan to develop it more... keep in touch!

for source code anyone please PM me. thx

have a good weekend rest

Jerry

Hello pircj,
I promised to post the results of my trading sniperforex since 14 April. It works out at 24 pts a day, 20 pts per trade (92 days/112 trades).
I mentioned in a previous post that I had been looking for a system to help 'hold my hand' while learning the basics of technical analysis, trading etc. I've tried quite a few systems – I think most I've come across are scams.
I noted the results on the sniperforex website and I thought I would see if I could replicate these levels of results. There's quite a few systems out there promising very impressive results, but when you get down to it you realize that they're a con. With sniper, I've tried a few variations and still do, but I've decided throughout this period to stick to the system as Gary recommends – GBP/USD on 60 mins. During this time, I can say that the results I've come up with, while not the same as on the website, are not far off. The results are good enough for me to carry on - i.e. trading exactly as the rules.
Out of 112 trades, 56 were wins, 56 losses. Some of the wins were quite impressive - 374, 270, 470, 240 and 195 pts. But there's also the losses. Some people may become a little despondent faced with 4 or 5 successive losses. Throughout this period, the results have certainly not been 'uniform' – during June I was averaging 75 pts a day, whereas during July I was only just in positive territory. So it's certainly a system for the long run. As far as I can see, sniper does exactly 'what it says on the tin.'
As I mentioned in a previous post, I take out 2 trades each time, scalp on one and exit the other when the system dictates. I've just started trading GBP/JPY with Sniper. I've obviously only got a few results so far, but I think it is even more important with this pair to have the same approach – I've seen some huge profits disappear.
I must point out – perhaps it's possible to question how statistically significant is a list of 112 trades. Obviously, it's all I've got. If there's anyone else out there who can give us any other figures, please do. Also, throughout this period, there have a few trades missed – I've tried to calculate as best as possible where the trade would have been entered.

That's good – I set an 80 pt scalp on this morning's GBP/JPY long – it's just gone through!
Bye,

 

[GumRai]

Updated version, check it out and comment.

Hi I downloaded this and put it in
C:\Program Files\MetaTrader - Alpari UK\experts\indicators

but can't seem to access it, have I put it in the wrong place?

EDIT : Ok, I restarted Alpari and there it is - sorry, I'm a computer numbskull!