Exp TickSniper Pro EA V19.802

Exp TickSniper Pro EA V19.802

Introduction

Exp-TickSniper Pro EA V19.802 is a fast tick scalper that automatically selects parameters for each currency pair separately. Developed based on nearly a decade of EA programming experience, this expert advisor (EA) aims to capitalize on short-term market movements. Here’s what you need to know:

1. Minimum Deposit:
   • The minimum deposit to run Exp-TickSniper Pro EA V19.802 is $100.
   • However, we recommend starting with $500 for optimal performance.
2. Timeframe:
   • The EA operates effectively on timeframes ranging from M5 (5-minute) to H1 (1-hour).
3. Currency Pairs:
   • Exp-TickSniper Pro EA V19.802 works well with the following currency pairs:
     • EURUSD
     • USDJPY
     • USDCHF

Trading Strategy

Exp-TickSniper Pro EA V19.802 employs a smart trailing stop strategy, adapting to real-time data specific to each currency pair. Here’s how it works:

1. Smart Trailing Stop:
   • The EA dynamically adjusts its trailing stop based on market conditions.
   • It aims to lock in profits while allowing room for potential gains.
2. Averaging Strategy:
   • To prevent losses, the EA uses an averaging technique.
   • If an open position incurs a certain loss, the function of averaging positions is triggered.
   • This helps mitigate adverse price movements.
3. Stop Loss and Take Profit:
   • In extreme cases, positions opened by TickSniper are accompanied by a stop loss.
   • If the auto trading system cannot achieve a minimum profit, positions are closed by a stop loss one by one.
   • The EA automatically defines favorable stop loss and take profit levels.
4. Additional Opening and Trailing Stop:
   • Each open position has a stop loss and an averaging function.
   • The cumulative position (a series of open positions) also has a trailing stop.
   • If the position or series of positions becomes profitable, the EA sets a breakeven point.
   • If the price retraces, the position is closed by breakeven.
5. Spread Calculation:
   • The EA calculates the spread based on averaging the last ticks.
   • This ensures accurate risk management.

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