Sharpshooter EA V1.1 MT4 – Best Forex Trading Robot for…

Introduction

In the competitive world of forex trading, having a reliable and intelligent trading tool is crucial for success. One such expert advisor that has caught the attention of traders worldwide is the Sharpshooter EA V1.1 MT4. Designed to work seamlessly on the MetaTrader 4 platform, this expert advisor (EA) promises accuracy, speed, and smart trade execution that aligns with the needs of both beginner and advanced traders.

In this comprehensive review, we’ll explore the features, working principles, performance, and benefits of the Sharpshooter EA V1.1 for MT4. If you're considering automating your trading strategy or upgrading your current EA, this guide will help you decide whether the Sharpshooter EA is the right fit for your trading arsenal.

What is Sharpshooter EA V1.1 MT4?

The Sharpshooter EA V1.1 is a fully automated trading robot developed for the MetaTrader 4 (MT4) platform. It is engineered to detect high-probability entry points in the forex market by analyzing technical indicators and market structure. The expert advisor uses a combination of smart entry signals and robust risk management settings to capitalize on short-term market movements.

This upgraded version (V1.1) includes multiple enhancements over its predecessor, offering better trade accuracy, faster order execution, and enhanced compatibility with major currency pairs.

How Sharpshooter EA Works

The Sharpshooter EA functions based on a strategic algorithm that integrates technical indicators such as Moving Averages, RSI, MACD, and Price Action. The EA is designed to open trades during specific market conditions where price volatility and trend confirmation align for optimal entries.

Key functionalities include:

Signal filtering through custom logic to avoid false entries.

Dynamic stop-loss and take-profit settings that adapt to market volatility.

Built-in risk management system that adjusts lot sizes based on account balance.

Real-time news filter to avoid trading during high-impact economic events.

The EA places trades with sniper-like precision, justifying its name — Sharpshooter.

Sharpshooter EA V1.1 MT4

Top Features of Sharpshooter EA V1.1

1. Multi-Currency Compatibility
Sharpshooter EA supports multiple currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CHF. Traders can use it on several pairs simultaneously without compromising on performance.

2. Fully Automated Functionality
Once installed and configured, the EA takes full control of your trading operations. It scans the market, places trades, and manages them automatically, allowing you to focus on other aspects of your trading journey.

3. Adjustable Risk Settings
Users can adjust the EA’s risk levels according to their trading style—whether conservative, moderate, or aggressive. This makes it ideal for traders with different levels of risk appetite.

4. Timeframe Optimization
While Sharpshooter EA is optimized for M15 and H1 timeframes, users can also customize their timeframe preferences depending on the trading strategy and pair selection.

5. News Filter
The EA comes with a built-in news filter that avoids placing trades during high-volatility news releases, reducing the risk of unexpected losses.

6. Real-Time Trade Monitoring
Sharpshooter EA provides real-time feedback and trade statistics directly on the MT4 interface, allowing traders to monitor performance and tweak settings if needed.

Benefits of Using Sharpshooter EA V1.1 MT4

1. Minimized Emotions in Trading
One of the biggest advantages of automated trading is eliminating emotional decision-making. Sharpshooter EA follows a predefined set of rules, ensuring consistency and logic behind every trade.

2. Backtested and Proven Strategy
The EA has been rigorously backtested on historical data with positive results across different market conditions. This provides traders with a sense of reliability and trust in the strategy.

3. Saves Time and Effort
By automating trade execution and management, Sharpshooter EA saves you countless hours of market analysis and screen time.

4. User-Friendly Interface
Even if you're new to forex trading, setting up Sharpshooter EA is straightforward with its easy-to-understand interface and clear instructions.

5. Works in All Market Conditions
Thanks to its adaptable algorithm, the EA performs well in trending and ranging markets alike, adjusting its entry strategy as per current market behavior.

Sharpshooter EA V1.1 MT4

Recommended Settings and Account Requirements

Minimum Deposit: $100 (recommended $500 for better results)

Leverage: 1:500

Recommended Brokers: ECN or Raw Spread brokers for fast execution

Lot Size: Adjustable (based on account size and risk preference)

Timeframes: M15 and H1 are optimal

Currency Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF

These settings allow Sharpshooter EA to function with precision and profitability while minimizing potential risks.

Is Sharpshooter EA Suitable for You?

Sharpshooter EA V1.1 MT4 is ideal for:

Traders who prefer hands-off, automated trading.

Individuals with full-time jobs looking to earn passive income from forex.

Beginner traders who want to learn while letting an EA do the heavy lifting.

Advanced traders who want to test or integrate the EA with their custom strategies.

If you're seeking a reliable, consistent, and easy-to-use trading bot that delivers measurable results, this expert advisor is definitely worth a try.

How to Get Started

To start using the Sharpshooter EA V1.1, follow these simple steps:

Download and install the EA on your MetaTrader 4 platform.

Attach the EA to a supported chart (EUR/USD, GBP/USD, etc.).

Adjust the risk and trade settings as per your strategy.

Enable auto trading and let the EA do the work.

It’s advisable to test the EA on a demo account before using it on a live account to understand its behavior and performance under different market conditions.

Final Thoughts

The Sharpshooter EA V1.1 MT4 offers an intelligent and automated approach to forex trading. With its sophisticated entry logic, user-friendly settings, and adaptive risk management, this EA stands out as a dependable tool for those looking to automate their trades and enhance profitability.

Whether you're an aspiring trader or a seasoned pro, incorporating Sharpshooter EA into your strategy can bring consistency, efficiency, and precision to your trading outcomes.