Sniper Forex Expert Advisor

**hyperdimension** · 08-13-2009 18:38

The code doesn't seem very optimal. There are so many calls to iCustom() (iCustom is very slow) and also so many unnecessary calculations. e.g. *point should be done in init(), not in functions that are called on every single received tick (e.g. start()).

I haven't tried backtesting this yet, but someone earlier in the thread said it's extremely slow, and just by looking at the code it's obvious why.

Rewriting the code to minimize calculations and avoiding the use of iCustom() would make backtesting and optimization much faster.

Also, in case you didn't know, the "Sniper" indicator itself calls iCustom() 6 times (for SHMA).

**ms119** · 08-24-2009 09:36

Who can help me in explaining this EA?!?

The EA is running and trading but I do not know how to change the settings because I do not understand!

S2=---------------- Money Management
Lots=0.2
RiskMM=0 ==> Why 0?
RiskPercent=1.0
Martingale=0
Multiplier=1.0 ==> Why to use a multiplier? And what is the reason?
BasketProfitLoss=1 ==> Is this a percentage and/or does it refer to the whole account?
MinLots=0.01 ==> When do I need that?
MaxLots=100.0

S3=---------------- Order Management
AutomatedSL=0 ==> What is the difference between SL and AutomatedSL?
AutomatedTS=0
Open5Orders=1
StopLoss=10 ==> When does the EA work with this MM? Which settings?
TakeProfit1=15
TakeProfit2=25
TakeProfit3=30
TakeProfit4=50
TakeProfit5=80
HideSL=0 ==> I guess I have to fill in my max. SL and the broker is not seeing it?!?
HideTP=0
TrailingStop=10
TrailingStep=1
BreakEven=10
MaxOrders=100 ==> Why maximum orders again? What is "Open5Orders" doing?
Slippage=4
Magic=2009

S6=---------------- Extras
ReverseSystem=0 ==> What is the ReverseSystem doing?

Btw I see the alarm to go long or short but it rarely takes the trade?!?

Thank you for any help!!!

Manuel

**weisongsong** · 09-12-2009 01:55

great work

**dlewisfl** · 10-02-2009 05:52

I'll take a crack:

RiskMM=0 Why 0?

RiskMM is a switch: 1=on(True), 0=off(False). If you leave it off, the EA will trade the lotsize specified in "Lots" entry immediately above.

Multiplier=1.0 ==> Why to use a multiplier? And what is the reason?

The Multiplier is if you are using Martingale (a strategy that doubles the lot size after a losing order). If you set this to 2.0, that is traditional Martingale. You could set lower than 2.0 for less risk on Martingale strategy, or set higher than 2.0 for even more risk (highly unrecommended!).

BasketProfitLoss=1 ==> Is this a percentage and/or does it refer to the whole account?

This is another switch: 1=on(True), 0=off(False). However, the code in the EA has been commented out so this does nothing.

MinLots=0.01 ==> When do I need that?

MinLots is used to set the minimum lot size for an order. If MM is on and it computes a number for lotsize lower than the MinLots setting, the lot size is set to MinLots. You should specify .10 if your broker does not support micro lots.

MaxLots is there to control lot size if using a Martingale strategy. If Martingale is on and you have several losses in a row, the lot size can get quite large pretty quick (depending on the multiplier). This prevents the EA from opening orders with a lot size larger than you desire.

AutomatedSL=0 ==> What is the difference between SL and AutomatedSL?

Another switch. Automated SL will set the StopLoss based on the Sniper SL dots. If the dot is not present above/below the bar entered on, it will use the "StopLoss" value.

StopLoss=10 ==> When does the EA work with this MM? Which settings?

It will use this setting if both AutomatedSL and AutomatedTS are 0 (false).

HideSL=0 ==> I guess I have to fill in my max. SL and the broker is not seeing it?!?

Another switch. If you set this to True, the EA will hide the SL from the broker.

MaxOrders=100 ==> Why maximum orders again? What is "Open5Orders" doing?

MaxOrders is the maximum number of open orders the EA will manage. Open5Orders tells the EA to use the "Advanced Strategy" explained in the Sniper User Guide. It will open 5 orders with various TP levels to scale out of the trade. TP levels are specified by TakeProfit1, TakeProfit2, TakeProfit3, TakeProfit4 and TakeProfit5. The Sniper User Guide suggests 25, 50, 75, 100 and let the fifth run with the trend until it stops out or a signal in the other direction occurs.

ReverseSystem=0 ==> What is the ReverseSystem doing?

Another switch. Turn it on and the EA will trade in the opposite direction of what Sniper indicators tell it.

**Polynesian Pip** · 10-08-2009 01:37

Thanks for your posting # 85 Cookiemonster. IMHO I would advise all those enjoying the profitability of Sniper Forex to seriously consider your thoughts regarding the "thunder" trend A and trend B has to offer. I am personally very cautious about straying from the "canned package" Gary delivered, and do so only to allow for my PERSONAL goals and methods. I have followed the concept you delivered for some time now, and consider it a current asset to the original system (subject to change). FWIW

**funyoo** · 10-09-2009 12:44

Originally Posted by hyperdimension

The code doesn't seem very optimal. There are so many calls to iCustom() (iCustom is very slow) and also so many unnecessary calculations. e.g. *point should be done in init(), not in functions that are called on every single received tick (e.g. start()).

I haven't tried backtesting this yet, but someone earlier in the thread said it's extremely slow, and just by looking at the code it's obvious why.

Rewriting the code to minimize calculations and avoiding the use of iCustom() would make backtesting and optimization much faster.

Also, in case you didn't know, the "Sniper" indicator itself calls iCustom() 6 times (for SHMA).

Hi hyperdimension,

That's not possible as I am not the owner of the copyrights.

Originally Posted by cookiemonster

This is a weird EA, it's doesn't trade entirely by the rules. If an entry signal is given and the rules are not met it doesn't take the trade, that is good, but in the manual it says when the conditions have been met you can enter the trade. But when it takes a trade, boy oh boy, definately a winner. I've managed +42% last month only with the EA. This month it's not taking trades it's missing alot of oppertunities according the rules of the system.

Hi cookiemonster,

I have enhanced the logics in the third version, it should be as per the rules now.

Originally Posted by cookiemonster

1. There is supposed to be some sort of mechanism that checks after an entry signal, every new candle to see if the rules have been met and if it is okay to enter the trade according to predefined MM.

2. The developer advises not to trade the asia session when using pound dollar pair the recommended pair to trade. There is no way to preload the timings of the sessions and just say asia=false, europe=true, newyork=true.

3. This is what I've observed (not in the rules) When Trend_A and Trend_B are not meeting the conditions of the rule after a conditions met entry the trade just continues (the rules are okay with that), but in my opinion there should be a possibility for extra precaution to be able to exit upon Trend_A or/and Trend_B counter indicating the original signal. After studying charts from 07 to 09, I've seen that it's preferable to exit at this signal rather than the auto stop of the system.

If the conditions of the original signal are met again after the previous exit upon trend_a and/or trend_b counter indicating, you should have the possibility to renter, it should be a choice though since not part of the original rules. This is what I've seen so far.

I may have more remarks coming, but overall the system is great !

Thanks for these suggestions,

I have added them in the new version : http://www.tradingsystemforex.com/co...rex-ea-v3.html

**Snowski** · 10-15-2009 09:23

Great work Funyoo, writing an EA for Sniper has been on my "to do" list...!

Will test and have a look how we can tweak it and maximize profitability.

Very kind of you to share the mq4.

**benito91** · 10-15-2009 14:21

the ea has a problem... it doesn't open a trade... it says invalid stops

**supertramp** · 10-17-2009 12:28

Hi all
dear Funyoo thanks for your great work on Sniper Forex EA.
jus i wanna know that is there any set file for tha last your EA -V3?

there is too many arameters that it will made me crazy if i want to check via try and error, specially whenever you see the low backtest speed.

anyway, it will be my appreciated if anyone can help me about the set file or any user guid!!

Regards

**benito91** · 10-18-2009 07:32

i think that problem can be with ecn broker...

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