Sniper Algorithm
Example 1
S&P 500 Sniper Algorithm Signal Oct 8- 2015 – Daily (Higher Time Frame)
Following Daily Signal on October 8-2015 look for signals on lower time Frames
S&P 500 Sniper Algorithm Signal Oct 12-2015 – 15 minutes (Lower Time Frame)
Example 2
S&P 500 Sniper Algorithm Signal August 20- 2015 – Daily (Higher Time Frame)
Following Daily Signal on August 20-2015 look for signals on lower time Frames
S&P 500 Sniper Algorithm Signal August 20 & 21 -2015 – 60 minutes (Lower Time Frame)
Example 3
S&P 500 Sniper Algorithm Signal October 10- 2015 – Daily (Higher Time Frame)
Following Daily Signal on October 10 -2015 look for signals on lower time Frames
S&P 500 Sniper Algorithm Signal October 1 & 2 -2015 – 15 minutes (Lower Time Frame)
Extremes Algorithm
Gold Futures Extremes Algorithm Signal Oct 2-2015 – 60 minutes – 145 point rally
Dow Futures Extremes Algorithm Signal Nov 15-2015 – 240 minutes – 700 point rally
Crude oil Futures Extremes Algorithm Signal Nov 11-2015 – 60 minutes – $5 Selloff
Euro Futures Extremes Algorithm Signal Sept 25-2015 – 240 minutes – 130 points rally
SPY ETF Extremes Algorithm Signal Nov 4-2015 – 60 minutes – $8 dollars selloff
AAPL Extremes Algorithm Signal Nov 4-2015 – 60 minutes – $8 dollars selloff
Indicator can also be used on Radar Screen Services and Scanner on Tradestation
Radar Screen Alerts
Scanner Services
Automated System
The system will enter at a limit price and will stay with that position until the default target using a limit price is achieved, or there is a change in the signal, or the default stop has been triggered at market price set by inputs in Exit time settings. Sniper Algorithm will then automatically look to close any open positions at the market price. Since trading technology is not fail-safe, all automation must be used with caution and constant supervision. It is important to ensure that no position has been left open and carried. if system doesn’t close trade will be safer exit before market close.
FORMAT SYMBOL – for Live Trading @ES
Symbol=@ESxYY
x= H (Mar), M (Jun), U (Sep), Z (Dec)
YY= year.
103, 105, 107 XN determines back adjusted continuous contract symbol
Example: @ESZ16 for ES contract expiring in Dec 2016
Our traders use an adjusted contracts
Example:
@ESH16=105xn
Indexes 105xn , currencies & Crude 103xn , Gold 110xn
DISPLAY
Time Zone =ET
Important: The automatic exit will only work correctly if this system is set to Exchange Time in NY.
PROPERTIES FOR ALL
Commission = $2.4 per Trade round trip
Position Slippage = $0 per Trade*
Initial Capital = $50,000 per e-mini contract
Account Size = $50,000 per e-mini contract
Max number of bars study will reference = 200 (very important)
My Personal Setups are ( user discretion is advised)
Setting are for the last Update on SniperAlgorithm Strategy Released on April 22 ,2017
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* Sniper Algorithm is run on Tick bar .The only slippage that occurs is when stopped out or when the system exits at the end of the day. This slippage will vary between systems and between traders due to a variety of factors such as the type of order, the speed of your machine, the version of your trading platform, the bandwidth and latency of the network between your machine and the Exchange, your place in the order queue, the volume on the opposite side of the trade, the speed of the market at that time, and the delay setting used to convert an unfilled limit order to a market order. All this requires fine-tuning on your part. Sniper Algorithm cannot automatically optimize any of this.
Important: Strategy automation is not designed for unattended trading. At all times traders need monitor order execution.
It’s important every time data re connection occurs check if your strategy position on the charts coincides with your position regarding mostly with stops.
There are other factors, but the most important one to be aware of is this; in simulation trading, TradeStation judiciously records a trade as filled the moment the price is touched. In real life one may or may not get filled at that value. Naturally there will be a deviation in the overall performance of simulated trades versus real trades. The simulation will generally have a higher performance.
Data Information is limited on tick bars up to 6(six months).
This document is intended as an introduction and user guide to the apps available to users on TradeStation.
Good ideas are often not hard to find, but timing entries and exits can often be the most challenging part of trading and investing. Knowing when to buy and when to sell is often as or more important than knowing what to buy and what to sell. From managing positions in equities and ETFs to day trading futures and options, you need to know when the market is about to turn because timing is everything in this business.
Sniper Algorithm Strategy usually is used as a Entry Point for Swing moves. Most of the times Sniper Algorithm coincides with Institutional levels created by High Volume Areas where strong Volume has been present. Traders are suggested to create their own strategies around this levels. As much higher is the time frame more accuracy will be in the signal.
Important:
By default, TradeStation provides 6 months of historical tick data, so the back-testing of the Advanced Chart Types (Mean Renko)using a 1-tick underlying interval is limited to a 6 month historical period.
The Advanced Chart Types (Mean Renko), with the exception of Kase Bars constructed from 1-tick data, use synthetic data to fill price gaps. In back-testing and in automation, then, fills can appear on prices that did not actually occur in the market.
Data range is as user discretion. Data range can affect back test results , strategy is suggested to use with no less than 90 days of data for appropriate performance.
Continue improvement and development is created to support provide the best service possible to our clients.
Please if any questions send us an email to sniperalgorithm@gmail.com
The following procedure is optional but for better strategy execution clean your TS cache once a month ( see instructions attached)
