FX Sniper Magenta

FX Sniper Magenta - exclusive leading indicator, intended for trading currencies in the MetaTrader platform.

FX Sniper Magenta can analyze the behavior of market participants and predict changes in price direction before the start of the movement.

Most of the indicators are lagging and are therefore useless. FX Sniper Magenta - a unique leading indicator.

The indicator displays an arrow on the chart (see. The attached screenshot), indicating the likely direction of the price action.

LED FX Sniper Magenta never redrawn. The signal is confirmed after the close of the candle, and added arrow will never disappear.

Input parameters of the indicator:

• UseAlerts (true / false): inclusion notifications


• PopAlerts (true / false): notification pop-up window


• EmailAlerts (true / false): send notifications via email


• PushAlers (true / false): send push-notifications


• SoundAlerts (true / false): notification sound


• SoundFile: audio file for audio alerts.


• The size and color of the arrows are set to Color indicator tab.

trading rules

• Enter the market at the opening of the next bar in a direction signal (SELL / BUY)


• Set the stop level of the top (for sale) or below (buy) signal candles or use a stop-levels based on the ATR.


• Take-profit ratio reward / risk ratio of 2: 1 or 3: 1

The indicator can be used on any timeframe.

It can be used to trade currency pairs, binary options, as well as commodities, stocks, futures, etc.

Free version

You can download a free version of the indicator with the MQL5 Market. Free version only works in the strategy tester.

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