SelectFX.com Super Sniper robot review (LIVE) - BUSTED! -$2677 - Pip Cop

**PipCop** · 2008-12-17, 04:10 PM

From www.SelectFX.net comes Brian's latest creation, the Super Sniper. This is running on the EURJPY D1 with a RiskBoost of 1 because it's running on a $50 LIVE account.

Product link: http://www.selectfx.net/super_sniper_eurjpyd1.htm

IMPORTANT NOTE!
The Quick Stats balance (profits/losses) is multiplied by 100 ($50 x 100 = $5000) to simulate a $5000 account, so you can compare the profits to other demo accounts. The values in the frame below are actual.

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Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer

supersniper

xp13

**PipCop** · 2008-12-17, 05:46 PM

Please note the first order was manually closed by me because it was opened at the wrong lot size.

eatrader · 2008-12-17, 10:16 PM

Becareful with a sniper EA and don't run live with ODL broker

. They have gone on the rampage and have been shutting down accounts running the Fap Turbo EA which is a scalping EA. The reason ODL gives because it's a sniper EA.

**BarrowBoy** · 2008-12-18, 03:44 AM

Quote:

Originally Posted by eatrader

Becareful with a sniper EA and don't run live with ODL broker

. They have gone on the rampage and have been shutting down accounts running the Fap Turbo EA which is a scalping EA. The reason ODL gives because it's a sniper EA.

The classic Sniper strategy for many years is a breakout trade with large potential targets
More recently the term 'Sniper' has been adopted as a cover for scalping activity

My Super Sniper has targets of 300-500 pips, it only makes small gains when volatility

is low (as now)

**BarrowBoy** · 2008-12-18, 03:49 AM

James
Thanks for setting this up

Have been looking at the stats and I am mailing all customers to press the Red Button on MT to stop all EA activity at close on the 19th - resume on the 5th

This is no fault of the EA's just a recognition that volatility

will be so low this year and will be very likely to lack follow through on any move.

If you are bored over the holidays, manually trade GBPJPY on the H1 chart using MACD and the MCL indicator

from
http://www.selectfx.net/free_stuff_ind.htm
but leave the EA's off!

Up to you if you run anyone elses EA

NB The exception to this would be pure range traders like RoboMiner

Happy Christmas and a Great New Year to all

Brian

Killer-B · 2008-12-18, 01:56 PM

Uhmmm... Count me confused...

We (on PipCop) have never seen this EA before today (sorry, don't read many other EA forums) - yet you decided to take this one "live" straight out of the box? I was kinda hoping that after ZigZag and DeMark blew up, you'd run RoboMinerlive next - as based on my tests thus far (6-7 weeks) has outperformed EVERY EA on this site (as well as FAPS) -

It's well thoughout and DD's are managable... Would love to see RM run live here :-)

**PipCop** · 2008-12-18, 02:07 PM

Actually Brian and I have been working on this for a while, which is why it's gone live out of the box. Ultimately I want to run all robots on live accounts to start with, so I'm trying to get there as funds allow.

Robominer is one of my picks to go live next, though, so rest assured it'll happen.

Killer-B · 2008-12-18, 03:34 PM

No problemo - thanks for explaining the thought process....

As to this EA - you mention that you closed the 1st trades manually - as the lot size was wrong - You have .01? - For a $50 account - what else are ya gonna run?

Cheers-

KB

**PipCop** · 2008-12-18, 03:45 PM

Now it's at 0.001 which is more appropriate for this size account.

**PipCop** · 2008-12-18, 04:32 PM

But Alpari doesn't like that, so I emailed them asking to convert this account to 5th decimal. They probably won't, as their recent announcement said that was for their demo accounts only. If so, then I will move lot size back up to 0.01 and hope for the best.