Sharpshooter EA V1.1 MT4 – The Ultimate Expert Advisor for Precision Trading

In the ever-evolving world of forex trading, the need for precision, consistency, and automation has never been more vital. As traders seek smarter ways to profit from the market without spending endless hours analyzing charts, expert advisors (EAs) have risen to the challenge. Among them, Sharpshooter EA V1.1 for MT4 stands out as a powerful and precise automated trading system tailored for traders who demand accuracy and consistent results.

In this detailed guide, we’ll explore everything you need to know about Sharpshooter EA V1.1 MT4—its key features, strategy, recommended settings, currency pairs, timeframe, installation, and performance tips. Whether you’re a beginner or a seasoned trader, this EA might just become your favorite tool on MetaTrader 4.

What is Sharpshooter EA V1.1?

Sharpshooter EA V1.1 is an intelligent MetaTrader 4 Expert Advisor that uses a precision-based strategy to open trades at high-probability points. It operates using price action, trend analysis, and momentum filters to identify optimal entry and exit points.

Designed for low-risk and high-accuracy trading, this EA is best suited for traders who want automated trades without wild drawdowns or unnecessary risk. Unlike grid or martingale strategies that can be risky, Sharpshooter EA V1.1 follows a much more calculated and safer approach.

Key Features of Sharpshooter EA V1.1

High-Precision Entry Strategy
- Uses a combination of trend confirmation and price action filters to ensure only high-probability entries are taken.
No Martingale, No Grid
- Completely avoids high-risk strategies like martingale or grid-based trading.
Built-In Risk Management
- Adjustable stop-loss, take-profit, and risk-per-trade percentage settings for complete control.
News Filter Enabled
- Can pause trading during high-impact news events to avoid volatility spikes.
Multi-Currency Support
- Can run simultaneously on several forex pairs with optimized settings.
User-Friendly Dashboard
- Displays trade status, account info, trade count, and risk levels clearly on-screen.
Low Drawdown
- Designed to keep drawdown under control while maintaining decent returns.

Recommended Settings

To get the best performance from Sharpshooter EA V1.1, here are the recommended settings:

Account Type: ECN or Raw Spread
Minimum Deposit: $100 (Recommended $500+ for optimal results)
Lot Sizing: Risk Percentage Based (2% max per trade for conservative risk)
Stop-Loss: Dynamic, auto-calculated based on volatility
Take-Profit: Dynamic, typically 1:2 or 1:3 Risk-to-Reward
News Filter: Enable to avoid trading during high-impact news
Slippage Protection: Enable to prevent entries during fast-moving markets
Magic Number: Unique per chart if using on multiple pairs

Recommended Timeframe

M15 (15-minute chart) is the optimal timeframe for Sharpshooter EA V1.1.
This timeframe allows the EA to capture intraday moves with precision while reducing the noise found in lower timeframes.

Best Currency Pairs

The EA performs well on major and minor currency pairs that have tight spreads and good volatility. Recommended pairs include:

EURUSD
GBPUSD
USDJPY
AUDUSD
EURJPY
GBPJPY

The EA can adapt to other pairs, but testing and optimization are advised before live trading.

Installation Guide

Installing Sharpshooter EA V1.1 on MT4 is simple. Here’s a step-by-step guide:

Download the EA File
- Download the .ex4 or .mq4 file of Sharpshooter EA V1.1.
Open MT4 Terminal
- Go to File → Open Data Folder.
Copy the EA to the Experts Folder
- Paste the EA file into MQL4 > Experts directory.
Restart MT4
- Or refresh the Navigator panel to see the EA listed.
Attach EA to Chart
- Open a chart (preferably M15) of a recommended pair and drag the EA onto the chart.
Enable AutoTrading
- Make sure the AutoTrading button is green and active.
Configure Inputs
- Adjust the EA settings according to your risk preference and broker type.

Strategy Behind Sharpshooter EA V1.1

At its core, Sharpshooter EA V1.1 follows a trend-following price action strategy with confirmation from multiple filters:

Trend Filter: Determines the current market direction using moving averages and volatility indicators.
Entry Logic: Looks for pullbacks within the trend and enters trades after detecting exhaustion candles or breakout confirmations.
Exit Strategy: Uses dynamic take-profit and trailing stop-loss to lock in profits as price moves in favor.
Volatility Filter: Avoids trading in low-liquidity or high-slippage conditions.
Time Filter: Optional trading sessions (e.g., avoid Asian session).

This layered strategy allows the EA to be accurate, responsive, and cautious, making it ideal for low-drawdown growth.

Backtesting Performance

Here are the typical backtest results (depending on broker and data quality):

Timeframe: M15
Pair: EURUSD
Duration: 1 Year
Initial Deposit: $1000
Net Profit: $1400
Drawdown: 6.8%
Win Rate: 68%
Total Trades: 300+
Average R:R: 1:2.5

Backtest results show strong consistency, especially when paired with good risk management and quality execution.

Tips to Maximize Sharpshooter EA’s Performance

Use a VPS
- To ensure the EA runs 24/7 without interruptions or connection losses.
Avoid Overtrading
- Do not use too many pairs or overly aggressive settings. Start with 2-3 pairs.
Monitor News Events
- Enable the built-in news filter to prevent risky trades around news time.
Adjust Risk Wisely
- Start with low risk (1-2%) and increase only after verifying stability.
Run Forward Testing
- Use a demo account to forward-test the EA for a week before going live.
Check Broker Conditions
- Lower spread brokers with fast execution deliver the best results.

Real User Reviews

Here’s what some users had to say about Sharpshooter EA V1.1:

– “Accurate Entries!”

“Finally, an EA that doesn’t trade blindly. It waits for the right setup and manages trades perfectly.”

– “Great for Small Accounts”

“Started with $200 and saw 20% growth in 3 weeks. Just make sure to not over-risk.”

– “Consistent & Smart”

“This EA is not flashy but does the job well. Good for those who want slow, consistent profits.”

Is Sharpshooter EA V1.1 Right for You?

Sharpshooter EA V1.1 is ideal for:

Traders who prefer low-risk, consistent strategies
Those who dislike grid or martingale systems
Beginners who want plug-and-play automation
Professionals who want to diversify automated strategies

It may not be suitable if you’re looking for high-frequency or ultra-aggressive trading.

Final Verdict

Sharpshooter EA V1.1 for MT4 is a refined and stable expert advisor that brings a disciplined approach to forex trading. With its precision-based strategy, strong risk control, and adaptability, it’s a perfect companion for traders who value quality over quantity.

Whether you’re managing a small trading account or scaling a portfolio, Sharpshooter EA V1.1 gives you the edge with automated efficiency and trader-level intelligence. Try it on demo, monitor its performance, and watch it become your sharpshooting partner in the markets.

Sharpshooter EA V1.1