Snapback Pro EA

Snapback Pro EA is an Expert Advisor for MetaTrader 5. It waits for a day on which price runs far beyond the previous day's range. Moves like that rarely last. Snapback lets the first real pullback show, then enters against the stretch and works the trade as a linear grid until the whole basket can be closed in profit with a trailing stop. It is built for traders who know what a grid without a stop loss means and who can put the recommended capital on an account of its own. It is not a fit for anyone who wants a fixed stop loss on every trade. Single positions have no stop loss, and the supplied set files use no equity stop. Past results, in a backtest or on a live account, don't guarantee future results, and trading with an EA can lose money.

The core logic is simple to describe. The EA builds levels from the previous day's range and waits until price closes beyond them on the signal timeframe, H1 by default. In the set files that level is 423 %, which is more than four times half of the previous day's range. A virtual entry order then trails price at a pullback distance. Only when price turns and reaches that order does the first position open, against the stretch. If price keeps running, the EA adds positions at fixed steps. The lot grows by one start lot every three orders. That is linear, not exponential like a martingale.

One EA on one chart trades up to 20 pairs. An account-wide rule keeps at most 5 pairs at risk at the same time; pairs whose basket is already in trailing profit do not count. Ready-made set files exist for 3, 5 and 7 pairs, each running from one CADJPY M15 chart. Snapback Pro EA is developed by Pitt Petruschke (AlgoVerdict) and sold on Algo Trading Space. The developer runs it on his own live account at RoboForex, and our Account Tracker follows it on this page. That account is young, one to two weeks live, so read it as an early look at how Snapback trades, not as a track record.