# Snipe FX Pro

Tick scalping EA with ATR-based stop and target, and virtual exits.

Canonical: https://prismaticalgos.com/compendium/algo/444-snipe-fx-pro
Record ID: 444
Catalog rank: 276 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Scalping & Short-Horizon (D)
Source: https://github.com/NadirAliOfficial/snipe-fx-ea
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: VANISHING DRAWDOWN: claimed max drawdown 0.13%. Real equity curves do not stay this flat; this usually means the drawdown was measured on closed trades only, ignoring open losses.; UNDATED CLAIM: performance figures are published with no test period, so they cannot be checked or reproduced.

## Recorded profile

- symbols: XAUUSD
- timeframes: M1
- sessions: any
- market_regime: volatile|trending|ranging

## Indicators

- EMA: {"period": 50}; applied to: close
- ATR: {"period": 14}; applied to: close

## Recorded long-entry rules

- price crosses above EMA(50) on M1
- ATR(14) > MinAtrPips

## Recorded short-entry rules

- price crosses below EMA(50) on M1
- ATR(14) > MinAtrPips

## Recorded exit rules

- working stop is ATR-based and clamped by MinStopPips/MaxStopPips
- target is derived from the stop: TP = working stop x RewardRatio
- break even move at BreakEvenTriggerPips, locking BreakEvenLockPips of real profit
- trailing validated at init: TrailingDistancePips must be smaller than TrailingStartPips

## Recorded filters

- EMA trend filter
- ATR volatility floor
- MaxSpreadPips defaults to 1.5 and is checked at init
- Daily loss limit as a percent of the day's opening balance

## Risk controls

- Stop loss: ATR-based, clamped by MinStopPips/MaxStopPips
- Take profit: derived from the stop: TP = working stop x RewardRatio
- Position sizing: LotSize = 0.01, MaxSpreadPips = 1.5, MinAtrPips = 4.0, RewardRatio = 1.3