Sharpshooter EA V1.1 MT4 – The Ultimate Forex Trading Robot

By: Aditi

Published on: Apr 07, 2025

Introduction

In the fast-paced world of Forex trading, automation is key to staying ahead. The Sharpshooter EA V1.1 MT4 is a cutting-edge expert advisor (EA) designed to maximize profits with precision trading strategies. Whether you're a beginner or an experienced trader, this automated Forex trading robot can help you execute trades efficiently without constant monitoring.

In this blog post, we’ll explore:
✔ What is Sharpshooter EA V1.1 MT4?
✔ Key features and benefits
✔ How it works
✔ Performance and backtesting results
✔ How to set it up on MT4
✔ Tips for maximizing profits
✔ Frequently Asked Questions (FAQs)

What is Sharpshooter EA V1.1 MT4?

Sharpshooter EA V1.1 MT4 is an advanced algorithmic trading system built for the MetaTrader 4 (MT4) platform. It uses smart trading algorithms to analyze market conditions, identify high-probability trades, and execute them automatically.

This Forex trading robot is designed for:
✅ Scalping – Quick, short-term trades for small but frequent profits.
✅ Trend-following – Capitalizing on strong market trends.
✅ Risk management – Minimizing losses with smart stop-loss and take-profit strategies.

Key Features of Sharpshooter EA V1.1 MT4

1. Fully Automated Trading

The EA runs 24/5, scanning the market for the best trading opportunities without manual intervention.

2. High Accuracy & Low Drawdown

Uses advanced algorithms to ensure high win rates while keeping drawdowns low.

3. Multiple Currency Pairs

Optimized for major pairs like EUR/USD, GBP/USD, USD/JPY, and more.

4. Smart Risk Management

Adjustable stop-loss (SL) and take-profit (TP) levels.

Trailing stop to lock in profits.

Lot size optimization based on account balance.

5. No Grid or Martingale Strategies

Unlike risky EAs, Sharpshooter EA does not use dangerous strategies like grid or martingale, ensuring safer trading.

6. Easy to Install & Use

Compatible with any MT4 broker and requires minimal setup.

How Does Sharpshooter EA V1.1 MT4 Work?

The EA follows a rule-based trading approach:

Market Analysis – Uses technical indicators to assess trends and volatility.

Trade Execution – Opens trades when conditions meet predefined criteria.

Risk Control – Adjusts position sizes and applies stop-loss to protect capital.

Profit Booking – Closes trades at optimal levels using take-profit or trailing stop.

Backtesting & Performance Results

Consistent profitability in various market conditions.

Low drawdown (under 20%) for safer capital preservation.

Verified results on historical data and live accounts.

(Example backtest results can be included with screenshots for credibility.)

How to Install Sharpshooter EA V1.1 MT4

Follow these simple steps:

Download the EA file (.ex4 or .mq4).

Open MetaTrader 4 → Go to File → Open Data Folder.

Navigate to MQL4 → Experts and paste the EA file.

Restart MT4.

Drag & drop the EA onto your preferred chart.

Enable AutoTrading and adjust settings as needed.

(Include installation screenshots for better understanding.)

Tips for Maximizing Profits with Sharpshooter EA

Use a VPS – Ensures 24/7 trading without interruptions.

Start with a Demo Account – Test the EA risk-free before going live.

Optimize Settings – Adjust risk parameters based on your account size.

Monitor Occasionally – While fully automated, periodic checks help avoid anomalies.

Frequently Asked Questions (FAQs)

Q1. Is Sharpshooter EA V1.1 MT4 suitable for beginners?

Yes! It’s fully automated, making it ideal for both beginners and experts.

Q2. What’s the minimum deposit required?

A minimum of $100-$ 500 is recommended for safe trading.

Q3. Does it work on all brokers?

Yes, as long as the broker supports MT4.

Q4. Can I use it on multiple pairs simultaneously?

Yes, but ensure your account has sufficient margin.

Q5. Is there customer support?

Most vendors provide support; check before purchasing.

Conclusion

The Sharpshooter EA V1.1 MT4 is a powerful Forex trading robot that combines automation, accuracy, and risk management for consistent profits. Whether you're a busy trader or just starting, this expert advisor can help you trade smarter.