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Sniper Settings

Complete reference for all Sniper EA parameters.

Trade Settings

Parameter Default Description
Lots 1.0 Position size (lot)
Info

See the Lot Size Calculator section at the bottom for recommended values.

⛔ DO NOT CHANGE

WARNING: Do not modify these settings. Changing them can cause issues with order management and license validation.

  • Magic Number: If you change this, the EA will not recognize its own orders and may open duplicate positions!
Parameter Default Description
MagicNumber 112233 Unique identifier for EA orders
Slippage 200 Maximum allowed slippage (points)

Trade Mode

Parameter Default Description
TradeMode Daily Trading schedule mode

Trade Mode Options

Mode Description
Daily Trade every day (Monday-Friday) + Weekend
Weekend Only trade Friday close → Monday open

Trend Filter

Parameter Default Description
TrendMode Filter How to handle trend direction
TrendMAType LWMA Moving average type
TrendTimeframe H1 Timeframe for trend calculation
TrendMAPeriod 50 MA period

Trend Mode Options

Mode Description
OFF Ignore trend, trade both directions
Filter Skip trade if trend is bearish
Both Trade in trend direction (LONG on bullish, SHORT on bearish)

MA Type Options

Type Description
SMA Simple Moving Average
EMA Exponential Moving Average
SMMA Smoothed Moving Average
LWMA Linear Weighted Moving Average (default - most reactive)

Market Schedule

⛔ Market Schedule - DO NOT CHANGE

WARNING: These times are precisely calibrated for the market open/close strategy. Changing them will break the strategy!

These times are in SERVER TIME (broker time), not your local time!

Parameter Default Description
MarketCloseHour 23 Hour when market closes
MarketCloseMinute 54 Minute when market closes
MarketCloseSecond 55 Second for entry (precision timing)
MarketOpenHour 1 Hour when market opens
MarketOpenMinute 5 Minute when market opens

How It Works

Trading Cycle 
ENTRY: 23:54:55 (just before Friday close)
  ↓
HOLD: Position stays open through weekend
  ↓
EXIT: 01:05:00 (just after Monday open)

Exit Mode

Parameter Default Description
SellOnFirstTick true Close position on first tick after market open

Exit Behavior

Setting Behavior
true Close immediately when market opens (recommended)
false Use TP/SL to manage exit

Martingale

Parameter Default Description
UseMartingale false Enable martingale system
MartingaleMultiplier 2.0 Lot multiplier after loss
MaxMartingaleLevel 3 Max consecutive multiplications (0 = unlimited)

Martingale Example

With Lots=0.1, Multiplier=2.0, Max=3:

Trade 1

0.1 lot → Loss

Trade 2

0.2 lot → Loss

Trade 3

0.4 lot → Loss

Trade 4

0.8 lot → Win (recovers all + profit)

Trade 5

0.1 lot → Reset to base

High Risk!

Martingale can blow your account. Use small base lot and MaxMartingaleLevel = 3.

Stop Loss / Take Profit

Parameter Default Description
UseSL false Enable stop loss
StopLoss 1500 Stop loss distance (points)
UseTP false Enable take profit
TakeProfit 1000 Take profit distance (points)
Info

When SellOnFirstTick = true, SL/TP are typically not needed since the EA exits at market open.

Display Settings

⛔ DISPLAY - DO NOT CHANGE

WARNING: These settings control the overlay. Changing them may hide or break the display.

Only change OverlayX/OverlayY if the overlay is hidden behind another element.

Parameter Default Description
ShowOverlay true Show the on-chart overlay
ApplyTemplate true Apply chart color template
OverlayX 20 X position (pixels from left)
OverlayY 30 Y position (pixels from top)
ColorProfit Lime Color for profit values
ColorLoss Red Color for loss values
ColorNeutral White Color for neutral values

Lot Size Calculator

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

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

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
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