The FT Sniper EA is an advanced automated trading system designed to combine grid, CCI-based entries, and hedging functions for more balanced risk control. Let’s analyze the settings and understand how they affect trading performance.
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Trading Settings
- Lot Size: 0.1 with a Multiplier of 1.25 → The EA gradually increases lot size when adding positions, allowing controlled scaling.
- Max Lot: 14.0 → Limits exposure to avoid overly large positions.
- Take Profit: 90 points (hidden TP disabled) → Ensures frequent but consistent profit-taking.
- PipStep Parameters (20.0 / 42.0 / 50.0) → Define the minimum grid spacing between new trades, reducing risk of over-concentration.
- CCI Settings: Buy Level -115.0 / Sell Level 130.0 → Uses Commodity Channel Index to time entries with momentum signals on the 15-minute chart.
- Max Trades: 33 → Caps the number of simultaneous open positions, critical for grid stability.
Execution & Risk Management
- Slippage: 50 → Provides flexibility in volatile markets like gold or crypto.
- Order Filling Mode: ORDER_FILLING_FOK → Ensures complete execution or cancellation, avoiding partial fills.
- Equity Protector: Disabled (0.0%) → Currently, no hard equity stop or drawdown protection is set. This may expose accounts to higher risk unless adjusted.
Hedge Settings
- Use Hedge Logic: False (off) → By default, hedge is not activated.
- Low Level to Open Hedge: 98% → When enabled, hedge positions trigger only at high drawdown levels.
- Hedge Order Volume Multiplier: 3.0 → Allows strong counter-trade scaling to recover losses.
- Hedge TakeProfit: 7000 points → Targets large moves for hedge exit.
- Close Hedge & Martingale by High Level: True → Provides a smart exit mechanism if recovery succeeds.
- Hedge Magic Number: 4735 → Separates hedge trades from main strategy for clear tracking.
Conclusion
The FT Sniper EA is a hybrid grid and CCI-based trading robot with optional hedging and martingale functions. Its scalable lot sizing, grid spacing, and momentum entries make it suitable for high-volatility assets like XAUUSD or BTCUSD.
However, the default settings show no active equity protection, which may increase risk during extended trends. The hedge module, while powerful, is turned off by default, leaving the EA in pure grid-trading mode.
For traders looking for a flexible EA that balances frequent profits with long-term recovery options, FT Sniper EA offers advanced customization. Activating the equity protector and hedge settings could further improve safety for real trading accounts.