40 # German Sniper Filtered Forex Trading Strategy

Submit by Janus Trader

The German Sniper V1 Forex strategy, indicator for the Metatrader 4 platform, indicates entry, stop loss, and take profit levels.

Setup Strategy

Currency pairs: any.

MT4 platformer

Time Frame any. Best timeframes 30 min or higher.

Suitable for scalping, day trading and swing trading.

Indicators (MT4): German Sniper Indicator V1.ex4 (default settings)

Long entry

The yellow-colored line serves as the entry point.

Trigger a buy trade upon the candle's closure above this line.

Set the stop loss as directed by the German Sniper V1 indicator in the screen

Exit the buy trade upon price reaching the blue-colored "take profit here" line.

Short entry:

The yellow-colored line serves as the entry point.

Trigger a sell trade upon the candle's closure below this line.

Set the stop loss as directed by the German Sniper V1 indicator in the screen

Exit the sell trade upon price reaching the blue-colored "take profit here" line.

How to improve the profitability of this indicator?

Yes, trade only in trend following the primary trend.

Here we propose a template to filter the German Sniper composed by Janus Trader.

Template are with following indicators: German Sniper, pivot levels, guppy moving averages.

It is recommended that when a trend signal is generated, if the distance from the group of moving averages is large, wait for the retracement.

This strategy is very suitable for the Nasdaq 100 and Oil.

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