Welcome to my Sniper Pro settings and tips page.
Sniper Pro has more settings than most commercial EAs in the marketplace, so I’m including a screenshot of my basic settings you’re welcome to use as a starting point:
I mainly trade the GBPAUD & EURJPY pairs. I also like the AUDNZD. Just keep in mind that my lot sizes above are considered moderate, not conservative. To make these settings more conservative, simply go with .01 lots per every $1k in your account.
Also be aware that GBP pairs are much more volatile and much more on a day to day basis than other pairs. Don’t use 2 or more GBP pairs on the same trading account (i.e., those that start or end with GBP).
Each week’s results will be different depending on several factors and variables. For example, each broker has slightly different price action data for the same currency pair with different spreads and commissions.
Sniper Pro will often close out a batch of cost average trades in one fell swoop when the market swings back in its favor. So, there may be days when it doesn’t seem like it’s making much, and may even into a larger drawdown. Then, all of the sudden, it will close out a bunch of trades with a big profit. I’ve seen this happen over and over again.
For additional Sniper Pro insights, check out Reginald Stinson’s training video below:
Pro Tip: Remember, risk management is key. There’s no such thing as “set it and forget it” unless you have a large account (i.e., $30k+) and are using ultra conservative settings.
If you’re shooting for double-digit monthly returns like me, then you have to be willing to be more hands on, which means making adjustments each week based on any impactful news that has the potential to affect each pair.
Even though Sniper Pro uses a built-in news filter for each pair, I still like to take a quick look at the weekly calendar at https://www.forexfactory.com/calendar.php and then manually adjust my ‘Distance Between Trades’ setting each week depending on potential impactful news for each pair I’m trading.
In other words, my Sniper Pro settings aren’t exactly the same from week to week. Some weeks I’ll lower my ‘Distance Between Trades’ setting anywhere from 8 (which is more aggressive) to 40 (which is more conservative).
For example, here’s a week where I decided to run the following aggressive settings on a $3k account using the GBPAUD pair only:
And here are the results for that same week – a 12.8% ROI:
Important: Always demo trade your own settings for at least a couple weeks before switching to a live account.
Because we can run Sniper Pro on multiple accounts without having to pay extra license fees, it’s a good idea to create additional demo accounts to test different settings simultaneously.
One of the things I really dig UOPFX is you can earn while you learn. The more you learn the fundamentals of trading (from the UOPFX academy), the more you’ll be able to manipulate Sniper Pro for larger gains, especially if you incorporate the directional Buy Only or Sell Only options that Reginald briefly talked about in his video above.
As far as which brokers to use, I suggest those that offer at least 200:1 leverage. My favorite brokers I personally use are Hugosway and Lucror (LCM FX). Other solid non.U.S. brokers include IC Markets and Pepperstone.
Lastly, If you haven’t already done so, be sure to join the UOPFX Telegram group for the latest news, tips and ongoing support directly from Reginald and other experienced UOPFX students:
If you have any questions or comments, please use the comments box below or submit a support ticket.
Your Friend on The Inside,
Co-founder, M4 Research