Sharpshooter EA Review

Table of Contents

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You’ve likely heard of the Sharpshooter EA, a Forex trading system known for its focus on EURUSD and GBPUSD pairs. This tool not only boasts a strategic approach and a retroactive stop-loss feature for added safety, but also consistently executes 25–50 scalp trades weekly, resulting in an attractive average monthly profit of 3–5%. It’s easy to see why it’s gained some attention, right? But how does this system’s performance actually stack up in the long run? Let’s peel back the layers and see what’s really going on with Sharpshooter EA.

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Key Takeaways

– Sharpshooter EA specializes in EURUSD and GBPUSD pairs, executing 25–50 trades weekly.
– It employs a flex-grid money management system and incorporates a retroactive stop loss for risk control.
– Backtesting data over 20 years shows consistent profitability, with a monthly average profit of 3–5%.
– A starting account size of $3k with 100:1 leverage is recommended for optimum results.
– The EA includes a manual trade panel, offering control over trading activities.

Understanding Sharpshooter EA

To fully grasp how the Sharpshooter EA operates, it’s crucial to understand that it only trades following the larger time-frame trend, finding the most opportune moments to execute quick 5–15 pip scalp trades within the dips of this trend. In other words, it’s not just trading randomly; it’s carefully analyzing the market and making calculated decisions based on the overarching trend.

You’ll notice that it’s particularly focused on the EURUSD and GBPUSD daily, which are among the most common forex pairs. This allows it to hone in and specialize, rather than spreading itself too thin across too many markets. It’s also worth noting that it uses a retroactive stop loss (SL) based on price volatility, adding an extra layer of protection.

In terms of execution, Sharpshooter EA uses a flex-grid money management system that’s only active when the trend is active. This flexible approach ensures it can adapt to just about any type of market movement on the EURUSD, enhancing its versatility and effectiveness. It’s this adaptability, combined with its strategic approach to trading, that makes it such a formidable tool in the forex market.

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Sharpshooter EA’s Trading Results

You’ll be impressed to see that Sharpshooter EA’s trading results paint a promising picture of its capabilities. It’s not just about performance, but also about consistency. This software boasts a proven track record of profitable backtests over the past 20 years.

Consider this: Sharpshooter EA trades the EURUSD & GBPUSD pairs daily, making 25–50 scalp trades a week. With an average trade length of just 1.5 hours, it’s efficient and fast-paced. Its scalping approach, taking just 5–15 pips profit each profitable basket of trades, is a testament to its precision and risk management.

The average monthly profit stands at a commendable 3–5%. This may seem modest, but it’s consistent and sustainable in the long term. The recommended starting account size is $3k, and it operates best with a leverage of 100:1.

Furthermore, Sharpshooter EA’s backtest data is reliable with a 99.90% modeling quality. This means the strategy has been extensively tested and refined to ensure trustworthy results.

In the realm of forex trading, Sharpshooter EA’s results showcase its robustness and reliability. It’s a tool designed for precision, consistency, and profitability.

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Deep Dive Into Sharpshooter EA

Diving deeper into the workings of Sharpshooter EA, it’s clear that this software operates with a unique and effective approach to forex trading. It targets the EURUSD and GBPUSD pairs exclusively, making it specialized and precise.

The tool includes a trade panel for manual trades, giving you an element of control. It’s equipped with a retroactive stop loss, based on price volatility, providing a safety net for your investment. The software has been tested and shown to be profitable in backtests spanning over 20 years.

You’ll appreciate its efficiency, with an estimated monthly profit projection of 3–5% using default settings. It’s recommended to start with an account size of $3,000 and a leverage of 100:1, making it suitable for both beginners and experienced traders.

The Sharpshooter EA is active, performing 25–50 scalp trades a week, thereby maximizing opportunities for profit. And, priced at $497, it offers a reasonable entry-point for those looking to leverage technology in their forex trading.

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Sharpshooter’s Scalping Strategy

In the world of forex trading, Sharpshooter EA stands out with its unique scalping strategy. This approach allows it to take advantage of small market movements, making frequent trades to accumulate gains over time. As a trader, you can benefit from this innovative strategy, even in volatile markets.

Sharpshooter EA’s scalping strategy is designed around four key principles:

Quick Trades: It doesn’t wait for substantial market shifts. Instead, it capitalizes on minor fluctuations, so you’re always in action.

Consistency: It’s programmed to perform numerous trades per week, maintaining a steady flow of profits.

Adaptability: It adjusts to changing market trends, ensuring you’re not left behind when the market changes.

Risk Management: It uses a retroactive Stop Loss based on price volatility, protecting your investment from unexpected market swings.

With this scalping strategy, Sharpshooter EA offers an opportunity for consistent returns while mitigating risk. It’s a dynamic tool that adjusts to the market’s rhythm and keeps you in the game.

As you delve deeper into the world of forex trading, this is one tool you don’t want to overlook.

Sharpshooter EA Backtesting Data

Let’s delve into the impressive backtesting data of Sharpshooter EA, which shows its reliable performance over the past 19 years. This software has been put through rigorous testing, using every tick data with a 99.9% modeling quality, reflecting its steadfastness.

All these tests were done with a variable spread and accurate Dukascopy data to ensure realistic results.

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Looking at the results, you’ll see that it has consistently generated profits. Over 43,000 trades have been logged since 2003, demonstrating its mettle in different market scenarios. This extensive backtesting period gives you confidence that Sharpshooter can adapt to future market movements.

Importantly, the EA doesn’t just trade randomly. It only trades in line with the larger timeframe trend, taking quick 5–15 pip scalp trades within the dips. It uses a flex-grid money management system that’s activated only when the trend is active, making it adaptable to various market conditions.

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Frequently Asked Questions

What Is the Risk Level Associated With Sharpshooter Ea?

You’re asking about the risk level of Sharpshooter EA. It’s relatively low, trading only with larger time-frame trends and employing a flex-grid money management system that’s active only when the trend is active.

How Does Sharpshooter EA Perform During Economic Downturns?

You’re asking about Sharpshooter EA’s performance during economic downturns. It’s designed to adapt to various market movements, so it should remain resilient even during tougher economic times, but results can’t be guaranteed.

Can I Use Sharpshooter EA on Other Currency Pairs Besides EURUSD & Gbpusd?

You’re able to use Sharpshooter EA on other pairs, but it’s specifically designed and optimized for EURUSD and GBPUSD. Diversifying might yield unpredictable results, so it’s not recommended. Stick to its proven strengths.

Is There a Customer Support for Sharpshooter EA Users?

Yes, there’s customer support for users like you! You can reach out anytime you encounter issues or need assistance. They’re committed to helping you get the most out of your experience.

How Is the Sharpshooter Ea’s Flex-Grid Money Management System Advantageous?

You’ll find the Sharpshooter EA’s flex-grid money management system beneficial as it’s only active when the trend is. This adaptive strategy works with almost all market movements, optimizing your trading on the EURUSD.

Conclusion

Ultimately, the Sharpshooter EA is a reliable and versatile trading system that’s an excellent choice for traders. Its strategic approach, safety mechanisms, and consistent performance make it a standout.

Plus, its focus on small market movements and impressive 3–5% average monthly profit show its potential. Backed by over 20 years of profitable backtests, it offers peace of mind in its reliability.

With the Sharpshooter EA, you’re well-equipped to navigate the forex market.

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Sharpshooter EA
  • Easy To Use?
  • Cost
  • Profitability
  • Time Needed
4.6

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