Oh no, not another EA!! Yeah, yeah, yeah, I know that’s probably what you’re thinking. And the next thing you’re probably thinking is what makes this EA different from any other EA? That’s a good question! Most expert advisors seem to work best in a consolidating market. The FCP SniperX is a trend trader which means it will only trade the trend. Unlike most expert advisors, it performs best in a trending market.
Another thing that makes it different is I personally worked with my programmer to help develope the EA. What does that mean? It means that the FCP SniperX will trade how I personally trade. Now you’re probably wondering is that a good or bad thing? lol
It means that the EA will always use a 50 pip SL with a 50-100 pip TP target. However, there are some pairs that may require a 70 pip SL but that is the max it will use. For most pairs the risk to reward ratio will be 1:2. That may change depending on the pair and market conditions, it could range from 1:1 to 1:4 risk to reward.
Other Things You Need To Know
Who is executing the trades?
Trades are automatically taken by the Expert Advisor (EA/Robot). I am not trading the account personally.
Does the EA manage all open trades?
The SL and TP target will always be set for every trade. The EA will not manage the trades, I will personally manage all open trades. That means I will adjust SL and TP targets when needed. When applicable SL will be moved to BE to help eliminate losses.
Is this another martingale EA?
This is not your typical martingale EA. However, it does have a limited hedging strategy that it uses. I won’t go into the full details but lot sizes will be increased after a losing trade in order to recover the losses. After the trade is won, lot size will reset to the initial lot size. There will never be trades left open to run wild, it will either hit SL or TP target.
Is the FCP SniperX a subscription?
Yes, it’s a subscription-based service with no commission charges.
What is the minimum deposit?
The minimum deposit recommended is $1000 – $2000.
What kind of trading account do I need to get started?
To get started you will need to setup or connect an active MT4 account.
What leverage do you recommend?
We recommend 1:500 leverage. If you choose to use lower leverage that’s fine but your results may vary.
Will I need a VPS?
Can you stop the FCP SniperX at any time?
Yes, you can disconnect your account at any time.
What kind of monthly gains can I expect?
Estimated monthly gain can range anywhere from 10% to 30% or more. (Depends on account size and market conditions)
Does the FCP SniperX guarantee success?
Past performance is not indicative of future results. This means that, even if the trades have been successful in the past, it does not guarantee future success.
CURRENT TEST RESULTS…
The FCP SniperX is currently in it’s 6th month of testing. The first month was spent testing several different pairs to find the pairs that work best with EA. That accounts for a lot of the drawdown. In the latest update, the entries were updated towards the end of December. This was done to help decrease some of the drawdown. Below the charts shows a decrease from December to January…
Are you ready to automate your trading?
DISCLAIMER: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. This is a non-refundable purchase.
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