This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT4
Sniper Profit
Sniper Profit is a MetaTrader 4 management utility that monitors aggregate floating profit and loss across all open positions.
GitHub stars1
Forks0
Last update5 years ago19 Jul 2021
LicenceNone stated
Overview
Sniper Profit utilizes a trailing take profit mechanism that activates once a specific equity trigger is reached, allowing the total basket profit to trail by a set distance. The tool includes risk management features such as a universal loss limit, a global close-all function, and an option to automatically shut down the trading terminal once trades are closed. It functions strictly as a manager for existing trades rather than a trade entry robot.
- Equity-based trailing take profit
- Basket-level loss protection
- Emergency close all positions
- Automated terminal shutdown
Details
Author
mcvdt07 on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from SniperProfitV3.2.2.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Trigger | double | 18 | Trigger Price |
TrailingDistance | double | 3 | Trailing Distance |
Step | double | 0.9 | Step |
EnableUniveralProfitLable | bool | FALSE | ENABLE INDIVIDUAL TAKE PROFIT LEVEL |
UniversalTakeProfitLimit | double | 6 | Take Profit Level |
UniversalLossLimit | double | -18 | Stoploss Level |
Terminate | bool | FALSE | Shutdown When Done? |
Sound | bool | TRUE | Sound On? |
CloseNow | bool | FALSE | Close All Trades Now? |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mcvdt07/sniperprofits from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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