The German Sniper V1 Forex strategy designed for Metatrader 4 offers a comprehensive trading solution centered around a profitable indicator that precisely indicates entry, stop loss, and take profit level.
This versatile strategy is effective for both buy and sell trades and can be applied to any currency pair and time frames.
Furthermore, it is adaptable to other trading instruments such as Gold, Indices, and Cryptocurrencies, catering to individual trading preferences.
This strategy is straightforward and suits both beginners and seasoned Forex traders.
Strategy Setup & Recommendations
- Indicators (MT4): German Sniper Indicator V1.ex4 (default settings)
- Currency pairs: Suitable for majors & minors + any other trade instrument
- Time frames: Compatible with any time frame
- Trade style: Well-suited for scalping, day trading, and swing trading
- Trading Platform: Metatrader 4
Trading Strategy Buy & Sell Rules:
Buy Trade: Below are the buy trade rules for this strategy.
- The “smart sell above here” yellow colored line indicates the buy trade entry.
- To initiate the buy trade, wait for the candle to close above this line.
- Place your stop loss as indicated by the German Sniper V1 indicator (SL: candle should close below 1.28683).
- Exit the buy trade when price touches the blue colored take profit here line.
Sell Trade: Below are the sell trade rules for this strategy.
- The “smart sell below here” yellow colored line indicates the sell trade entry.
- To execute the sell trade, wait for the candle to close below this line.
- Place your stop loss as indicated by the German Sniper V1 indicator (SL: candle should close above 1.10932).
- Exit the sell trade when price touches the blue colored take profit here line.
How to install this Forex strategy in Metatrader 4?
Then, install the technical indicators as follows:
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the downloaded indicators in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicators to the chart.
Now you are ready to start using this amazing trading strategy!
About the German Sniper V1 Indicator (MT4)
The proprietary trading method of this indicator reveals potential buy and sell trade opportunities along with the suggested stop loss and take profit level.
Input variables and parameters: colors, line styles, and more.
Feel free to combine this trading system with other technical indicators or with price action.
Take the time to explore and experiment with different inputs and settings of the indicator to design a personalized strategy that suits your trading preferences and objectives.