Introduction

MB Sniper EA V1 V1.03 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to analyze market conditions and execute trades automatically based on predefined strategy rules. The EA focuses on selective trade entries, aiming to capture precise market movements rather than opening trades frequently. By automating the trading process, it helps traders reduce emotional decision-making, improve execution speed, and maintain a more disciplined trading strategy.

Key Features

Fully automated trading on the MetaTrader 4 platform
Designed to identify precise market entry opportunities
Automatic buy and sell order execution based on market conditions
Adjustable risk management parameters such as lot size, stop loss, and take profit
Built-in trade filters to avoid unfavorable market conditions
Automatic trade monitoring and management
Compatible with VPS for uninterrupted trading operation
Supports historical backtesting using the MT4 Strategy Tester

Recommended Settings

Recommended settings may vary depending on broker conditions and account size, but common starting parameters include:

Platform: MetaTrader 4
Version: V1.03
Currency pairs: Major pairs such as EURUSD, GBPUSD, or other recommended pairs
Timeframe: Usually M5 or M15 depending on strategy preference
Minimum deposit: $100 – $500 recommended for stable operation
Lot size: 0.01 per small account balance
Risk level: Low to medium for better stability
VPS hosting: Recommended for continuous trading

These settings should be adjusted according to account size and personal risk tolerance.

Backtest Result

Backtest results can be evaluated using the MetaTrader 4 Strategy Tester. When tested on historical data, the EA may show consistent trading activity depending on market conditions and parameter settings.

Typical backtesting observations may include:

Controlled trade frequency due to selective entry logic
Balanced profit and loss cycles
Moderate drawdown when conservative risk settings are used
Higher performance during stable trending markets

Actual results depend on broker spread, historical data quality, and selected configuration settings. Backtesting results should always be verified with forward testing on a demo account.

Advantages

Automates market analysis and trade execution
Reduces emotional trading decisions
Faster reaction to trading signals compared to manual trading
Helps maintain consistent strategy rules
Saves time by reducing constant chart monitoring
Adjustable risk management settings allow flexible configuration
Can operate continuously when connected to a VPS

Disadvantages

Performance may vary depending on market conditions
Requires stable internet connection or VPS hosting
Broker spreads and execution speed can affect results
Backtest performance may differ from live trading
Automated systems still require regular monitoring and adjustments

Installation & Setup Guide

Download the EA file in .ex4 format.
Open the MetaTrader 4 trading platform.
Click File and select Open Data Folder.
Navigate to MQL4 > Experts.
Copy the EA file into the Experts folder.
Restart the MetaTrader 4 platform.
Enable AutoTrading in the MT4 toolbar.
Open the recommended currency pair chart and timeframe.
Drag the EA from the Navigator panel onto the chart.
Adjust the input parameters such as lot size, risk level, stop loss, and take profit.
Click OK to activate the EA and allow it to start monitoring the market.

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.