Gold Sniper Scalper Pro

Gold Sniper Scalper Pro: Advanced Entry and Risk Management

This is the upgraded version of Gold Sniper Scalper Pro. It retains the core successful features and includes new additions that enhance flexibility, safety, and efficiency in XAUUSD trading.

Key Features and Improvements

1. Flexible Entry System: Dual Signal Modes The indicator now offers two distinct signal generation modes, providing more control over trade initiation:

• Multi-Signal: Prioritizes faster entry with a higher signal frequency. Suitable for strong trending conditions to maximize opportunity coverage.

• Safe Entry: Waits for stronger confirmation, initiating trades later, often near pattern extremes. Designed to reduce risk and filter premature breakouts.

Chart Visualization: The system ensures a clean chart display by only showing the entry line corresponding to the active mode.

2. Dynamic Stop Loss (SL) based on ATR The system utilizes the market's Actual True Range (ATR) to dynamically calculate the Stop Loss level, moving beyond fixed SL settings.

• Adaptive Sizing: The SL distance is automatically adjusted—wider during high volatility and tighter during ranging conditions.

• Objective: To minimize the risk of unnecessary stop-outs caused by short-term market noise.

• Backup Mechanism: If ATR data is unavailable, a predefined backup mechanism is in place to protect the trade.

3. SMA Trend Filter (New Feature) This filter improves signal quality by validating entries only in the direction of the larger prevailing trend:

• Directional Filtering: Only BUY signals are generated during an Uptrend, and conversely, only SELL signals are generated during a Downtrend.

• Control: The filter can be easily toggled ON or OFF based on the user's strategy.

4. Fast Multi-Timeframe (MTF) Scanner The scanner simultaneously monitors signals across 7 timeframes (M1 to D1) with minimal impact on computer performance.

• Timing Display: The MTF control panel accurately displays the remaining time until the next scan cycle.

• Manual Control: A dedicated button allows users to initiate an instant signal scan on demand.

5. Two-Level Filtered Notifications The new notification system is divided into two distinct levels and incorporates a filtering mechanism:

• Level 1 - Signal Detected: Notifies upon the initial appearance of a signal.

• Level 2 - Entry Activated: Notifies when the price touches the predefined Entry level.

Filtering Logic: A time limit and minimum price distance (10 pips) are implemented between alerts to prevent notification redundancy.

User Experience and Interface

Intuitive Interface Design

• Auto-Adaptive Colors: The indicator automatically detects the chart background (light or dark) and selects optimal contrasting colors for readability.

• Accurate Arrows: Buy/Sell arrows are placed precisely on the signal-generating candle for straightforward trade history review.

• 4 Take Profit (TP) Levels: TP lines change to a dashed style immediately upon being hit, providing clear visual confirmation.

Integrated Statistics Panel

• Dashboard: Clearly displays key performance metrics, including Win-rate and Total P/L for each TP level.

• Calculation Transparency: The Win-rate is calculated exclusively from completed trades (Hit SL or TP).

Gold Sniper Scalper Pro provides a robust and controlled trading framework.

Summary of Core Features:

• Dual entry modes for strategic flexibility.

• Dynamic Stop Loss based on ATR for adaptive risk management.

• SMA Trend Filter for increased signal quality.

• High performance with fast scanning and minimal resource usage.

Suitable for: Traders seeking both simple, effective trade signals and experts requiring detailed control and high execution speed, particularly on XAUUSD.