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Sense Sniper FX strategy
Customizable strategy for you to configure for the index and timeframe of your choosing as-is or with additional filters/indicators/code. Major parts of the code is hidden.
The Sense Sniper FX strategy is a dynamic, short-term trading methodology crafted specifically for the EURUSD currency pair and fine-tuned for the 1-minute timeframe. By melding a suite of indicators and patterns, this strategy seeks to deliver sharp and accurate trading decisions in the forex market.
Description
The Sense Sniper FX strategy is a dynamic, short-term trading methodology crafted specifically for the EURUSD currency pair and fine-tuned for the 1-minute timeframe. By melding a suite of indicators and patterns, this strategy seeks to deliver sharp and accurate trading decisions in the forex market.
What are the strengths of this core strategy?
Specialized in FX pairs
Rigorous Risk Mitigation
Clear Entry and Exit Criteria
Comprehensive Analytical Framework
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Description
Special emphasis on price markers and discernible trend reversals
When it comes to the practical application, the strategy is uncompromisingly specific. Entry into positions is not a hasty decision but a culmination of a confluence of signals, especially those stemming from candlestick patterns and trend indicators. Similarly, exits are not left to chance. They are orchestrated based on a set of predefined parameters, with special emphasis on price markers and discernible trend reversals.
The Sense Sniper FX strategy is an embodiment of agilit
What truly distinguishes the Sense Sniper FX strategy is its unwavering commitment to risk mitigation. Every position is judiciously calibrated, leveraging insights from historical performance data. To strike a harmonious balance and maintain favorable risk-reward dynamics, predetermined objectives are set in stone. Moreover, the strategy acknowledges the inherent risks of the forex market, especially those lurking after trading hours. As a safeguard, it mandates the closure of specific positions at pre-defined intervals, ensuring that overnight risks are diligently curtailed.
Which are the settings to optimize?
Large parts of the code visible
The core strategy uses a number of different indicators and filters in order to make those perfect trades. These indicators and filters have to be optimized for your intended timeframe and market.
It's also recommended that you think about the trading hours of your system and make sure that the spread you use when developing the algo, aligns with the average spread of the index during the hours your algo is trading.
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