Sniper Forex Review

Please note that we use this system for more than 6 months, we record and report all our results. Therefore, this review is not the same as others you will find. We don’t simply reprint marketing documents from a vendor’s website or cut and paste affiliate sales copy. Our reviews are done by experienced traders who have always traded on the system, for more than 6 months in this case.

General description

According to the website, Sniper Forex is a strategy that “uses a precision algorithm to provide accurate entry and exit points.” The cost is USD 97 – USD 297 depending on the license agreement.

A 2-week demo option is offered for those who wish to try before they buy.

Gary’s background, “a ten-year veteran trader,” “learned from the school of hard knocks” who now “offers him the opportunity to benefit from my hard work.” Gary also “took all the courses, bought all the systems, traded demos and then live, deleted some accounts and experimented ad nauseam.”

This system is based on “an arrow that tells you when to buy and when to sell – simplicity itself” and “over the last 5 years it has proven to be very accurate, especially when combined with the best time frame, currency and time at daytime”. Historically, the system claims more winners than losers (2:1), with winning trades being almost 3 times larger than losing trades.

The results are provided on the website in the form of a chart showing Cable’s month-over-month performance over a 60-minute time period dating back to 2004. This is the market and time period we traded during the 06: 00 and 22:00 GMT, as recommended.

Please note: A Meta Trader 4 (MT4) account is required to trade Sniper Forex to accommodate your custom indicators.

The strategy

The manual is well documented and provides full instructions on how to set up your MT4 platform. Plus, there are instructions on how to set up the handy email alert feature, which is also a pretty straightforward process.

The entry, stop and exit rules are fully binding for the custom indicators that are in effect:

– Two histograms

– Three moving average type lines (on the price chart)

– An Input indicator (arrow)

– A stop level indicator

To trade this strategy, you need to be nearby and available to respond to input alerts (email/audible MT4), which can occur at any time. With experience, you get an idea of ​​when this might occur and the time commitment is greatly reduced.

In addition to the Entry alert, there are also several discretionary aspects applicable to the Live Trade entry, for example, impending news, re-entry after volatility, missed overnight signals, etc. It is rarely a simple case of receiving an alert, entering your trade and walking away.

When a trade is open, it is also necessary to be present every hour to adjust the trailing stops as needed. This implies being able to access a PC during the hours of 06:00 to 22:00 GMT, assuming you want to trade Sniper Forex during the recommended period of time and according to the rules.

Works

professionals

– 95% mechanical, some discretionary rules apply, as mentioned above.

– It was profitable to start with (but not consistent enough for a longer-term commitment).

– Pretty relaxed, not as time consuming as we expected, assuming you use input alerts (audible email/MT4).

cons

– You need a lot of attention, not necessarily a lot of screen viewing, however you need to be available to react to those (audible email/MT4) Entry Alerts from 06:00 to 22:00 GMT.

– Night transactions must be left with the mobile stop from 22:00 until the next day.

– Signals that go on at night are sometimes lost (but there are very few of them, as it’s usually a quiet period for Cable).

– Due to volatility, many good trends can be missed, for example, a 1,000 pip move in GBPUSD during May 2010 produced no return.

– We didn’t achieve the 2:1 win/loss ratio and it was rare for a winning trade to be 3 times larger than the average losing trade.

Remember, we value your feedback, if you have any feedback regarding this system, we’d love to hear it.