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Thread: Sniper Forex

  1. #1
    Administrator funyoo's Avatar
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    Default 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
    Attached Images Attached Images Sniper Forex-sniper-forex-no-l-gu-h1-july-gif Sniper Forex-sniper-forex-no-l-gu-h1-august-gif 
    Attached Files Attached Files

  2. #2
    Administrator funyoo's Avatar
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    Default

    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
    Attached Images Attached Images Sniper Forex-sniper-forex-eu-h1-august-gif 
    Attached Files Attached Files

  3. #3
    Administrator funyoo's Avatar
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    Default

    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.
    Attached Files Attached Files

  4. #4
    Junior Member
    Join Date
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    Default

    Hi funyoo

    Why your indicator got extra line.
    Sniper Forex-charthome-gif

    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.
    Attached Images Attached Images Sniper Forex-charthome-gif 

  5. #5
    Junior Member
    Join Date
    Aug 2009
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    Default

    Hey guys,

    Test it with Forex Tester. And post your results .

  6. #6

    Default

    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

  7. #7

    Default

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

  8. #8
    Member jverho's Avatar
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    Finland
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    Default Sniper Forex custom indicator combining all 5 SF indies

    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


  9. #9

    Default

    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?

  10. #10
    Junior Member
    Join Date
    Jan 2010
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    5

    Default Sniper Forex

    We have a full review of this system on our site, as well as our journal from August 2009 to date.

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