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Sharpshooter is an MT4 expert advisor that looks for entries when ATR, Awesome Oscillator and RSI readings agree, then places a stop loss and take profit based on volatility. It is designed to hold one position at a time.
Get one message the moment it launches, with its price.
Sharpshooter is a fully automated expert advisor for MetaTrader 4. It waits for three readings to line up, opens a single trade with a stop loss and take profit already attached, and then leaves that position alone until it closes.
The EA reads three standard indicators. The Average True Range measures how much the market is moving, the Awesome Oscillator shows momentum, and the RSI indicates whether price is stretched in one direction. A trade is considered only when all three agree with each other, which means the EA will often sit idle and skip many chart moves.
When a signal appears, the EA sends the order with its stop loss and take profit in place. These levels are tied to ATR, so they widen in busy markets and tighten in quiet ones. According to the product description, it will not open a further position until a new signal is generated.
The description names EURUSD as the main pair and says other major pairs can be used. It does not give a required timeframe, so the sensible approach is to test several in the strategy tester using quality tick data and your own broker's spreads. Pay attention to the spread and commission, because tight stops are more sensitive to trading costs.
The exact input names and defaults can differ between builds, so open the Inputs tab after attaching the EA and read each one. The areas below are the ones the description refers to.
| Area | What to check |
|---|---|
| Lot size or risk | Start with a small fixed size on a demo account |
| ATR stop loss and take profit | Multipliers that set the distance of both levels |
| Indicator periods | ATR, Awesome Oscillator and RSI settings |
| Time filter | Hours when the EA may open trades |
| Auto close | Whether positions are closed at a set time |
A single position with a stop loss still carries risk. Stops can be hit repeatedly, and slippage or wide spreads can make losses larger than planned. Judge the EA on a long demo or strategy tester sample rather than a few trades.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Nothing here is financial advice.
Run it on a demo account first and keep the terminal online, ideally on a VPS, so the EA can manage its position.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Trend, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Strategy tags | Signals, trend, grid, momentum |
| Indicators used | ATR, Awesome Oscillator, RSI |
| Markets | EURUSD first; other major pairs possible after testing |
| Timeframes | Check the settings and test before choosing; not fixed here |
| Trade style | Single entry with set stop loss and take profit |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
No reviews yet. Customers who own Sharpshooter MT4 can review it here.
No. This listing is the MetaTrader 4 build and will only load in an MT4 terminal. A separate MT5 build exists as a different product, so do not try to load this one in MetaTrader 5.
In MT4 choose File, then Open Data Folder, and go to MQL4 and then Experts. Copy the expert file there, restart the terminal or refresh the Navigator, and drag the EA onto a chart. Make sure the Algo Trading button is switched on and that automated trading is allowed in the EA properties.
The description points to EURUSD as the main pair, with other major pairs possible. The best timeframe and inputs depend on your broker and its spreads, so run the strategy tester and a demo account before trading live.
The description says it is built around one position at a time with a fixed stop loss and take profit. Because the store tags also include grid, review every input on a demo account first to confirm how the EA behaves on your broker.
No one can promise that. Trading carries risk, you can lose part or all of your deposit, and past results do not predict future ones. Test the EA on a demo account and use position sizes you can afford.
It helps. An EA can only trade while the terminal is running and connected, so a VPS or an always-on computer reduces the risk of missed signals or unmanaged positions.
Sharpshooter MT4
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