Exp-TickSniper Expert Advisor
An interesting advisor was offered to us for testing by a regular participant of our of the forum, mql programmer, known for his interesting ideas and useful scripts. The interest in testing was caused not so much by the results as by the idea - the Expert Advisor works on tick quotes, catching fast movements.
Principles of work of Exp-TickSniper Expert Advisor
As stated above, Exp-TickSniper Expert Advisor works on the basis of tick movements and is able to profit from the rapid movement of quotes by catching the direction and opening trades. Any currency pairs can be used in trading, but the author recommends using EURUSD GBPUSD and USDCHF. Work is carried out with protective orders StopLoss and TakeProfit. Timeframe also does not matter. The basis of the trading strategy of the Exp-TickSniper Expert Advisor is as follows is to work with spread and ticks: detecting a fast movement, the robot focuses on a sharp jump of the pair in more than 5 spreads. After that, it calculates the possible movement and opens a trade in accordance with the obtained results. It is also recommended to choose an account in 1000$ with lot 0.01 and increase the lot according to the deposit.
Profits are fixed small, so Exp-TickSniper can be called a scalper. After opening the deal is accompanied by trailing stop the desired profit is 5 spreads. If the calculation turned out to be incorrect, the averaging algorithm is used for a distance of 10 spreads. In our case, we use an ECN account, so we have a floating spread and additional calculations.
Minuses of Exp-TickSniper Expert Advisor work
On this page with the description of the robot Exp-TickSniper you will not be able to find testing in the tester mode, all because the work with ticks can not be reflected correctly yet, so, choosing this Expert Advisor, we were guided by the real test provided by the author and his high opinion about the algorithm. The Expert Advisor is commercial, so you should definitely take this point into account.
A prerequisite for Exp-TickSniper scalper is also a good flow of quotes from the selected company and the ability to work with small profits. If there is a problem with one of the items, it is better not to take risks. Work at a broker with 5 digits and ECN account is welcome.
Testing conditions for the Expert Advisor:
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Robot type: commercial
Deposit: 1000$
Account type: real
Currency pair: GBPUSD
Timeframetick chart
Expert's office hours24/7
Backtest: testing on a real account
Start of testing: 09.04.13
End date of testing: 08.07.13
Addendum of May 19, 2013: due to the loss of real deposit by the robot, the Exp-TickSniper Expert Advisor is being retested on an ECN demo account in 10 000$ with updated parameters.
Testing of Exp-TickSniper Expert Advisor
The trading advisor variant offered to us for testing has low profitability (5-30% per month) due to the low risk level.
Download Exp-TickSniper Expert Advisor Test Results