FX Sniper with CA trading strategy

FX Sniper with CA trading strategy is based on the Fx Siniper Ergodic CCI indicator signals, which are filtered by the Candle Average indicator readings. The indicators included in the strategy do not redraw their signals.

This combination of indicators is supposed to be able to accurately find pivot pointsThe strategy is optimized for trading on the H4 timeframe. The strategy is optimized for trading on H4 timeframe.

Input parameters

• Currency pairs: any, including cryptocurrencies
• Timeframe: H4
• Bidding time: any
• Risk management: after calculating the stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of the deposit per trade

Used indicators

• Fx Sniper Ergodic CCI (4, 8, 5, 4)
• Candle Average V.3 (3, 3, 3, 3)

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Install a template named FX Sniper with CA

The schedule should look like this:

Signals indicating the opening of a long position

• The blue line indicator FX Sniper with CA crossed the red line from bottom to top, and the crossing is below the -150 level;
• The Candle Average indicator bar is below the zero level.

Signals indicating the opening of a short position

• The blue line indicator FX Sniper with CA crossed the red line from top to bottom, and the crossing is above the 150 level;
• The Candle Average indicator bar is above the zero level.

Setting a Take Profit Order

The author of the strategy proposes a three-step installation method Take Profit orders:

• the first order - fixed, in the amount of 50 pips;
• the second order - fixed, in the amount of 100 pips;
• the third order is arbitrary, depending on the level of risk set by the trader. The author recommends its value of about 200 pips.

Setting a stop loss order

The initial stop loss is set above/below the previous maximum/minimum. After closing the first take profit order, the stop loss can be moved to a distance of several points from the opening level of the candle at which the trade was entered. As an alternative, it is allowed to use trailing stop.

As the author states, FX Sniper with CA trading strategy was tested on a demo account for several months and showed high profitability.

Download FX Sniper with CA trading strategy template and indicators

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