Sniper EA Installation Guide

Market open/close swing trading strategy setup.

⚠️ Recommendation

It is recommended to use a separate MT5 account for the Sniper EA, different from the one running the Grid EA. This allows better tracking of your stats and prevents interference with the Grid EA's risk management.

Running Two MT5 Instances (VPS)

To run both Grid and Sniper EAs simultaneously, you need two separate MT5 installations:

ℹ️ Multiple Accounts

You can create multiple MT5 trading accounts on your RaiseFX dashboard at https://live.raisefx.com/trading-accounts → Add new trading account

Create a second MT5 installation

Navigate to your MT5 installation folder (usually C:\Program Files\MetaTrader 5)
Copy the entire MetaTrader 5 folder
Paste it in the same location and rename it (e.g., MetaTrader 5 - Sniper)

Launch the second instance

Open the new folder and launch terminal64.exe
Log in with your second MT5 account

✅ Done

You can now run both MT5 instances at the same time, each with its own EA.

Requirements

MetaTrader 5 (build 2500 or higher)
Active subscription (Forex or Forex+)

Activate Your License

On Discord, use the following command:

Discord

/activate ea:Sniper account:YOUR_MT5_ACCOUNT_NUMBER

Example:

Discord

/activate ea:Sniper account:12345678

ℹ️ Tip

You can find your account number in MT5 under Navigator → Accounts or in your RaiseFX dashboard.

Configure MT5

In MT5, go to Tools → Options
Click on the Expert Advisors tab
Check ✅ Allow WebRequest for listed URL
Click the + button and add:

URL

http://185.119.17.113:5050

Click OK

Install the EA

Download filtred_ea_sniper.ex5 from Discord
In MT5, go to File → Open Data Folder
Navigate to MQL5 → Experts
Paste the .ex5 file here
Restart MT5 or right-click in Navigator and select Refresh

Attach to Chart

Open a GOLD (XAUUSD) chart on M1 timeframe
Drag the EA from Navigator onto the chart
In the pop-up, check ✅ Allow Algo Trading
Click OK

ℹ️ Note

The default settings are already optimized. You may want to adjust the Lot Size depending on your balance.

Lot Size Calculation

Recommended risk: 1% per trade (max 5%)

Formula: Lot = (Balance × Risk%) / $100

Balance	1% Risk	Lot Size	5% Max	Max Lot
$1,000	$10	0.1	$50	0.5
$2,000	$20	0.2	$100	1.0
$5,000	$50	0.5	$250	2.5
$10,000	$100	1.0	$500	5.0

Recommended Settings

● Conservative (Low Risk)

Lots: 0.1 per $1,000 balance
UseMartingale: false
TrendMode: Filter
UseSL: true
StopLoss: 2000

● Standard

Lots: 0.5 per $1,000 balance
UseMartingale: false
TrendMode: Filter
SellOnFirstTick: true

● Aggressive (High Risk)

Lots: 1.0 per $1,000 balance
UseMartingale: true
MartingaleMultiplier: 2.0
MaxMartingaleLevel: 3
TrendMode: OFF

Default Parameters

Parameter	Default	Description
Lots	1.0	Position size (adjust based on your balance)
TradeMode	Daily	Trade every day or weekend only
TrendMode	Filter	Follow MA trend (skip bearish)
MarketCloseHour	23	Entry time (server hour)
MarketCloseMinute	54	Entry time (server minute)
MarketOpenHour	1	Exit time (server hour)
MarketOpenMinute	5	Exit time (server minute)
SellOnFirstTick	true	Close on first tick after open

Overlay Panel

Display	Description
Mode	Daily or Weekend
Trend	Current trend direction
Status	Ready / Long / Short / Waiting
Lot Size	Current lot size (with martingale if enabled)
PnL	Floating, daily, and overall profit/loss
Balance	Account balance and free margin

How It Works

Entry: At MarketCloseHour:MarketCloseMinute, the EA checks the trend and opens a position.

Exit:

If SellOnFirstTick = true: closes on first tick after MarketOpenHour:MarketOpenMinute
If SellOnFirstTick = false: managed by TP/SL if enabled

Previous ← Grid Overlay Next Sniper Settings →