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SHARPSHOOTER EA MT4 – Full Input Settings Analysis
Sharpshooter EA is an advanced Forex robot that is programmed for accuracy and flexibility. Its dynamic risk control and intelligent algorithm enhance trading strategy by ensuring assured profitability and mechanized efficiency, thus making it an essential tool for traders of long-term gains.
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General Information & Global Settings
- Licence Key – Used for activating the EA.
- Magic Number: 5 – Used for recognizing EA trades from manual or other EA trades.
- Max Retries: 5 – Number of tries the EA will attempt to place an order when it fails.
- Max Slippage (points): 10 – Maximum price difference that can be slippage when placing trades.
- Confirmation Check: true – It checks the signal before placing a trade.
- Max Opened Trades: 100 – The maximum number of total opened trades at any one point in time.
- Max Trades per Symbol: 0 – No limit per individual symbol.
- Max Magic Numbers to Consider: 3 – Limits how many magic numbers the EA manages in total.
Trading de Tiempo Settings
- Automatically Start Trading: true – EA trades automatically according to set times.
- Mode: Buy & Sell.
- Time Filter: false – No independent time filter.
- Start Trading Time: 01:00
- End Trading Time: 23:00 – Trades in all but the final hour.
- Trading Days: All weekdays allowed.
Signal Filters & Indicators
- Bollinger Bands Divergence: true.
- MACD Divergence: true.
- MAMA + FAMA Filter: true – Filters trend by adaptive moving averages.
- Aroon Indicator: true – Timeframe 5 minutes.
- Bollinger Bands Settings: Period 20, Deviation 2.
- MACD Settings: Fast EMA 12, Slow EMA 26, Signal 9.
- MAMA Settings: Fast limit 0.5, Slow limit 0.05, Mode weekly.
Trade & Lot Management
- Risk Factor: 0.3 – Automatically calculates lot size based on risk.
- Lot Size Mode: Multiply – Increases lot size by multiplying.
- Lot Increase Coefficient: 1.5 – Increases lot size by this amount.
- Lot Increase After X Trades: 2.
- Stop Loss: 0 – No special SL (most likely using trailing/grid control).
- Take Profit: 0 – No special TP.
Trailing Stop & Breakeven
- Trailing Start: 300 points.
- Trailing Step: 150 points.
- Breakeven: Allowed – Average price based.
Grid System
- Mode: Grid in Loss – Opens new trades when in loss.
- Max 1 Trade per Signal: true.
- Grid Start Points: 50 points.
- Grid Max Trades: 100.
- Grid Max Distance: 300 points.
- Grid Pivots: Disabled.
- Grid According to Signals: true – Opens trades only if the signal is in accordance with trade direction.
Trade Closure Management
- P/L Points Mode: Average.
- Close by P/L Points: 150 points.
- Dynamic Basket TP: Reduces TP as trades increase.
- Max Money Loss: 0 – No money loss maximum.
- Multiple Closing Conditions: Can close on % profit, point targets, or after X trades.