In this post I will be reviewing the Sniper Suite Expert Advisor. For those of you who are not familiar with the term Expert Advisor (EA) it is basically the technical term that MetaTrader 4 uses for forex robots. That being said, Sniper Suite is an expert advisor for the free to download MetaTrader 4 and MetaTrader 5 trading platforms. It is suitable for any level of forex trader as it is a complete set and forget automated trading solution that includes detailed instructions for a quick and easy setup. This flexible forex robot can be traded on multiple currency pairs and the developer has shared some extensive back tests and even live verified results for us to follow. Sniper Suite has so far done around 100% as I write this review so make sure you check the forex robot results page for the latest performance updates.
Sniper Suite Expert Advisor Strategy
Sniper Suite Expert Advisor targets a potential 5% profit per pair every month and trades on 10 recommended currency pairs. Considering these statistics, you can achieve monthly profits of around 50%. You may choose to trade a few or all of the recommended currency pairs. The EA uses a stop loss which controls drawdowns nicely whilst the take profit is greater ensuring an average win is greater than an average loss and thus the risk to reward ratio is favourable and a losing trade does not wipe out a lot of winning trades. There is what the developer calls a “Cut-Switch Strategy” that aims to recover very quickly from any losses. It will run on any MetaTrader 4 or 5 broker although I would of course recommend a regulated true ECN forex broker for the best possible trading results. This is due to the lower spreads and plenty of liquidity saving on trading costs.
Sniper Suite Expert Advisor Back Testing
The Sniper Suite Expert Advisor has been tested all the way back to 2001 with amazing results showing superbly smooth equity graphs with huge gains! It has been back tested with every tick on multiple currency pairs with the detailed reports having being imported in to MyFxBook for further detailed analysis which shows ridiculously high returns (millions %) and very low drawdowns. Now, the modelling quality is just shy of 90% so no Birts Tick Data Suite testing. However, even a small fraction of these results would be amazing and make a lot of money!
Sniper Suite Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Sniper Suite Expert Advisor Summary
Overall, the Sniper Suite Expert Advisor is a very interesting and versatile automated trading system that has produced very good gains since 2001 based on extensive testing which has been backed up somewhat from the live results. It clearly has huge potential and will be interesting to see if it keeps up the stellar performance. I am sure that the more advanced traders out there would much enjoy a good optimization session to even further increase the performance of this EA. That being said, it is suitable for beginners to use “straight out of the box” and comes with full support, free updates and a money back guarantee.