Super shooter EA V1.0 MT4

Introduction

Super Shooter EA V1.0 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to execute trades automatically based on algorithmic logic that targets short-term price movements in the forex market. The EA aims to reduce emotional decision-making and maintain disciplined trade execution through predefined rules.

Key Features

• Fully automated trade execution
• Designed for MT4 platform
• Momentum and breakout–based entry logic
• Automatic stop-loss and take-profit placement
• Adjustable lot sizing (fixed or percentage-based)
• Spread filtering to avoid poor entry conditions
• Equity and drawdown protection settings
• Multi-currency pair compatibility
• VPS-ready for continuous 24/5 operation
• Customizable input parameters

Recommended Settings

Recommended configuration may vary depending on broker and account size, but general guidelines include:

• Timeframe: M5 or M15
• Preferred Pairs: Major pairs such as EURUSD, GBPUSD, USDJPY
• Risk Per Trade: 0.5%–1.5% of account balance
• Lot Mode: Auto lot based on risk percentage
• Max Spread: Use a low-spread ECN broker
• VPS: Recommended for stable execution

Always test on a demo account before going live.

Backtest Result

Backtesting may typically show:

• Positive results in active market sessions
• Moderate drawdown with conservative risk settings
• Sensitivity to spread and slippage
• Reduced efficiency in low-volatility or ranging markets

Live performance depends on broker execution and market conditions.

Advantages

• Fully automated trading
• Reduces emotional trading errors
• Structured risk management
• Adjustable parameters for flexibility
• Fast reaction to momentum changes
• Suitable for active or short-term traders

Disadvantages

• Performance dependent on market conditions
• Drawdowns possible
• Sensitive to high spreads and slippage
• Requires monitoring despite automation
• VPS hosting may add additional cost
• No guaranteed profitability

Installation & Setup Guide

1. Download the Super Shooter EA V1.0 file (.ex4 or .mq4).

2. Open MetaTrader 4.

3. Click File → Open Data Folder.

4. Open the MQL4 folder and then the Experts folder.

5. Paste the EA file into the Experts folder.

6. Restart MT4.

7. Enable AutoTrading from the toolbar.

8. Open your preferred currency pair and set the recommended timeframe.

9. Drag the EA from the Navigator panel onto the chart.

10. Adjust input settings according to your risk preference and click OK.

Support & Disclaimer

Support

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

WhatsApp: Click here

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.