Introduction
As part of the EASY Trading Team, I have the dubious pleasure of analyzing yet another trading robot: Sniper Scalper. This robot has accumulated mixed reviews, including some rather negative feedback, which makes me skeptical about its effectiveness. We’ll dive into the robot’s features, analyze its recent performance, discuss its pros and cons, and finally, talk about the unavailable source code and how we could potentially recreate it.
Description of Features
The Sniper Scalper bot prides itself on rapid reactions to market fluctuations, aiming to scalp small profits from fast price movements. Here are its main features:
- Rapid reaction to price movements
- Uses algorithmic decision-making for trades
- Optimized for low latency environments
- Designed primarily for EUR/USD pair
- Customizable parameters for traders
From the user comments and my own observations, it appears this bot is tuned for high-speed trades, which makes it highly sensitive to execution speed and market conditions.
Analysis of Results
Reviewing its performance over the past year, let's just say that Sniper Scalper isn't winning any awards. The overall results showed inconsistent profitability. Here are the key takeaways:
- Inconsistent profits across different market conditions
- Highly dependent on broker execution speed
- Effective in low-spread environments but struggles otherwise
User kei502 pointed out that the bot underperforms with a spread as low as 1.3, which certainly raises eyebrows. Ceromus found it unprofitable even with optimal VPS setup, which further dampens enthusiasm.
Pros and Cons
Every coin has two sides, even if one is slightly tarnished. Here are the pros and cons of using Sniper Scalper:
Pros:
- Quick reaction to price movements
- Customizable to some extent
- Optimized for low latency environments
Cons:
- Inconsistent profitability
- Highly sensitive to spread and execution speed
- Underwhelming performance in real-world scenarios
Sniper Scalper seems to be a hit or miss. If you find yourself with the perfect conditions, it may work. Otherwise, don't hold your breath.
Source Code of Sniper Scalper
As for the source code, let me burst your bubble. The original Sniper Scalper source code, as sold on MQL5, is not available to us. However, based on descriptions and user feedback, we can craft a similar algorithm.
It’s important to note that this is merely an approximation and not the real deal. So, if you are interested in crafting your own version, head over to easytradingforum.com for a starting point.
Code:
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Our honest review of Sniper Scalper might not have painted the rosiest picture, but remember, every trader's experience can be different. If you have any questions or want to see the example code based on user descriptions, feel free to ask. Visit this page for more details.
Remember, EASY Trading Team doesn't sell Sniper Scalper; we merely provide insights and code examples based on publicly available descriptions. So, let's get the discussions rolling on the forum and share your results!