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Sniper Scalper is an MT4 expert advisor that places pending orders around short-term price breakouts during volatile periods. It uses stop losses, trailing stops, a spread limit and an optional news filter.
Get one message the moment it launches, with its price.
Sniper Scalper is an expert advisor for MetaTrader 4 that looks for very short, sharp price movements and trades them with pending orders. It is a high-frequency scalping tool, so its behaviour depends heavily on spread, execution speed and the connection to your broker.
The EA watches price on a short timeframe and uses several internal indicators to detect sudden movement. When it sees a breakout condition, it places pending orders at a set distance from the current market price. Each pending order carries a stop loss, and open positions can be managed by a trailing stop that follows price as the trade moves in your favour. The aim is to take small gains over a very short holding time.
There are two strategy switches. The volatility strategy is the ordinary mode. The news strategy places orders around scheduled news releases. A separate news filter can instead keep the EA out of the market around releases, and an option exists to close all open trades during a news session.
The EA is tuned for EURUSD, GBPUSD, USDJPY and EURGBP, and is intended for the M1 chart. Other symbols or timeframes may behave differently, so test them carefully before using real money.
The main inputs are listed below. Default values vary by symbol, so check them in the EA's input window rather than relying on assumptions.
| Input | Purpose |
|---|---|
| Lots | Fixed lot size; set to 0 to use risk-based sizing |
| Risk | Dynamic lot size based on a share of capital, used only when Lots is 0 |
| Max_Spread | Largest spread at which orders may be opened |
| StopLoss | Stop loss of each order |
| Distance | Gap between the pending order price and the market price |
| TrailStop | Trailing stop level for open orders |
| TrailStop_Protection | Starts trailing only when the order is in floating profit |
| Order_Expiration_Minute | Pending order lifetime; 0 means no expiry |
| MAGIC and EA_Comment | Order identification |
| Auto_GMT_Offset and GMT_Offset | Broker time offset, calculated automatically in live trading when enabled |
| Show_Info | Turns the chart info panel on or off |
The news inputs let you choose which impact levels to download (light, medium, hard), set minutes before and after each, pick the currencies to follow and draw news lines on the chart.
Spread and slippage can decide whether a scalping system is workable. Use an account with tight spreads, low costs and fast execution, and consider a VPS close to the broker's server to reduce latency.
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests and signal histories, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated scalping |
| Suggested markets | EURUSD, GBPUSD, USDJPY, EURGBP |
| Suggested timeframe | M1 |
| Trade style | Short-term breakout scalping with pending orders |
| Order protection | Stop loss on each order plus trailing stop |
| Position sizing | Fixed lots or risk-based lots |
| Requirements | Low-spread, fast-execution broker; VPS advised; WebRequest for news |
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No. This product is built for MetaTrader 4 only. It will not load in MetaTrader 5, so check that your broker offers an MT4 account before you buy.
A scalping system like this is sensitive to spread, commission and execution speed. An ECN-style account with tight spreads and fast fills is generally the better fit. Compare your broker's real costs and test on a demo account first.
It is not strictly required, but because the EA reacts to very short price moves, a stable connection with low latency to your broker's server is important. Many users run it on a VPS placed close to the broker.
The news features download events from the internet. In MT4, open Tools, then Options, then the Expert Advisors tab, tick Allow WebRequest for listed URL and add the news address given in the EA's NewsLink input. Without this the news data cannot load.
Start with the lot size or risk value, the maximum spread, the stop loss, the trailing stop and the order distance. Check what the defaults are for your symbol and broker, and test any changes on a demo account before using real funds.
Yes, you can attach it to separate charts. The magic number is set per currency pair by default so orders from different charts stay apart. If you change it, keep each chart's number unique.
Sniper Scalper
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