From a general point of view, a forex EA is a metatrader friendly software application developed to help forex traders generate forex trading signals and probably trade the forex market with those signals bases on a stipulated structured computer program without any human input in the process of the trade. The forex market accounts for over 5 trillion USD on a daily basis, and there is a robot that can help you get some of that money without your input – even dummies are bound to develop interest and that is where all the negative reviews about forex robots come from.
There is more to forex EA than what we readily hear about it, and there are different types of forex EA available in the forex market, one of which is the sniper suite EA. What is the sniper suite EA all about, and what makes it different from other EAs?
FOREX SNIPPER EA AND OTHERS
So, the MetaQuotes software company (the company that owns the metatrader platforms) develop these forex robots for their clients to enjoy, which is good, but why are there many of them in the forex market? First, the MetaQuotes are not the only developers of forex EAs; they probably do not even produce them at all. What they do is give their clients who are interested in software development the opportunity to develop robots that can run on their platforms – like an enfranchisement of some sort. That is why there are many forex EAs in the forex market.
THE FOREX SNIPER SUITE
Like many other professional traders, Jeremy Delton created the forex sniper suite, a forex expert adviser that help forex traders trade the forex market and make some good profits. The forex sniper suite can trade like a human trader can. It can perform task like
Fundamental and technical analyses
Opening and closing orders, and more
Note that the forex sniper suite works for all the major currency pairs, as opposed to other EAs that may falsely claim to work for all currency pairs; and of course, it functions only on the metatrader platforms (MT4 and MT5).
FACTS ABOUT THE FOREX SNIPER EA
Here are more interesting facts about the forex sniper EA
It has been in test for over ten years now and has been proven to be 100% profitable, with smooth straight graph
There are two different versions of the forex sniper EA, the basic version and the ultimate version
With the basic version, a trader can make as much as 10% to 20%s table profit, and with the ultimate version, a trader can make as much as 100% to 500% profit
The basic version has a maximum draw-down of about 45%, and 5% for the ultimate version
It is compatible with any type of broker that allows EA trading.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.