Sharp Shooter EA V1.1 MT4

Introduction

Sharp Shooter EA V1.1 is a fully automated Expert Advisor designed for MetaTrader 4. It focuses on precise trade execution and is built to reduce the need for constant chart monitoring. The EA is suitable for traders who want systematic entries and exits on the MT4 platform without relying on martingale or grid strategies.

Key Features

• Fully automated trading on MetaTrader 4
• Precision-based entry logic using trend and price action filters
• No Martingale and No Grid strategy
• Adjustable stop-loss, take-profit, and risk settings
• Built-in news filter option
• Dynamic risk management based on market conditions
• User-friendly dashboard for trade monitoring
• Works on multiple pairs with optimized performance on selected instruments

Recommended Settings

• Platform: MetaTrader 4 (MT4)
• Pair: XAUUSD (Gold)
• Timeframe: M15
• Account Type: ECN or Raw Spread preferred
• Minimum Deposit: $100 (Recommended $500+)
• Lot Sizing: Risk percentage based (1-2% per trade recommended)
• Stop-Loss / Take-Profit: Dynamic or fixed (adjust according to risk preference)
• News Filter: Enable during high-impact news
• VPS: Strongly recommended for 24/5 operation

Advantages

• Removes the need for continuous chart watching on XAUUSD M15
• Applies trading rules consistently without emotional interference
• Clean risk approach without martingale or grid methods
• Easy installation and configuration on MT4
• Suitable for traders with limited time
• Adjustable risk parameters for different account sizes

Disadvantages

• Market risk remains – automation does not guarantee profits
• Performance depends on broker spreads and execution quality
• Requires proper testing on demo before live use
• May need periodic monitoring and settings adjustment
• Results can vary under different market conditions
• VPS is recommended for stable operation

Always test Sharp Shooter EA V1.1 thoroughly on a demo account with your broker before considering live trading. Verify the latest product specifications, risk settings, and compatibility on the official page.

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.