April 29, by Dominic Walsh 1 Comment.

The Sniper Forex v2 is a very profitable trading strategy especially for the daily and intra-day traders. It is designed to work on any currency pair. But for maximum profits, the trader should use the H1 time frame when trading.

Also, this trading strategy is recommended for trading the European and American trading sessions and the best timeframe to use is the H1 timeframe. The trading system also has sound alerts to alert the trader when a signal is given so as to prevent the trader from missing a trading opportunity.

Sniper Forex V2

It incorporates a variety of indicators which includes: The two work together to ensure that they eradicate any false signal. It gives the level at which to place your stops. Then the Sniper indicator draws three moving averages which when below the candlesticks are aqua in color and pink when above the candlesticks.

The main signal to look for before placing a buy order is the aqua colored up arrow. Then the trader should confirm the signal by ensuring that the moving averages lines of the Sniper indicator changes their color to aqua and that they are below the candlesticks. Also, the bars of the histogram Sniper Trend A and Sniper Trend B painted aqua.

The main signal to look for before placing a sell order is the pink colored up arrow. Then the trader should confirm the signal by ensuring that the moving averages lines of the Sniper indicator changes their color to pink and that they are above the candlesticks. When using the Sniper Forex v2 trading strategy, the trader should always be very cautious of the level of his or her take profit.

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The take profit should be placed at most at 30 pips away from the placed order. But once the market prices gets to 20 pips, the trader should move his or her stop loss to break even. By break even we mean that the stop loss should be moved to the level at which the order was placed. Open demo account to test this system.

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Sniper Forex v2 trading strategy April 29, by Dominic Walsh 1 Comment. Comments Oswald Natera says May 6, at 8: Leave a Reply Cancel reply Your email address will not be published. Forex Strategies Forex Indicators. Who's Online 19 visitors online now. Visit Our Forex Strategies And Forex Indicators Below: Forex Trading Strategies Free Forex Indicators Paid Forex Indicators Paid Forex Strategies.

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