Thread: Sniper Forex

Here is a manual backtesting of the Sniper Forex system.

Note that I have not strictly followed the rules as there is several orders per signal in order to have a certain money management suggested by the service.

I have chosen to take only the order with no TP (in fact 1000 pips). Also the SL is 40 pips, but in the system it's determined by a specific indicator.

More infos : http://www.sniperforex.com/

There is two months : respectively july and august 2008.

July :

Balance : 10k
Settings : specified above
Lots : 0.1
Timeframe : H1
Pairs attached : GU
Test duration : 23 days

Results : -1.33%
Maximal Drawdown : 3.17%
Profit factor : 0.79

August :

Balance : 10k
Settings : specified above
Lots : 0.1
Timeframe : H1
Pairs attached : GU
Test duration : 21 days

Results : 6.84%
Maximal Drawdown : 3.57%
Profit factor : 2.36

Here is a backtesting for august with EU H1 (the system is supposed to be the best with GU). I have only followed the arrows of Sniper Forex, without the histograms confirmation.

Balance : 10k
Settings : specified above
Lots : 0.1
Timeframe : H1
Pairs attached : EU
Test duration : 21 days

Results : 6.74%
Maximal Drawdown : 2.92%
Profit factor : 2.06

I have backtested the system (current version), this time following the rules on the two previous months, with 10k of deposit :

0.1 lot :

july : 389$ | 7.71% of DD
august : 2611$ | 4.97% of DD

1 lot :

july : 3890$ | 77.1% of DD
august : 26110$ | 49.7% of DD

Note that there is no expert advisor based on the current version of the system, for the moment.

You can test the manual version freely for one weel.

Hi funyoo

Why your indicator got extra line.

Note that I have not strictly followed the rules as there is several orders per signal in order to have a certain money management suggested by the service.

Secondly, if you have follow the rules, will the result be better.

Hey guys,

Test it with Forex Tester. And post your results .

The trigger lines and the Trend B indicators are based on common indicators. So you may want to read a post from my blog before deciding whether to shell out a lot of money. Sniper Forex

might want to re-check the link above. Have added a 'comment' about the Trend A indicator.

Hi,

if anyone is interested I have a custom indicator combining all Sniper Forex indicators to one indi, also in MTF.


See video:

YouTube - Sniper Forex Custom Indicator.avi



Cheers,

J

I assume it is free? I should be?

I wouldn't mind being able to share with fellow traders. So could you post it here?