Last Updated on May 15, 2025 by Tim Morris

The Red Sniper Forex Trading System

The red sniper is a forex trading strategy that is based on the LSMA in color and HMA34 indicators. This system is suitable to a 4-hour and daily timeframe and works in any major currency pairs.

MT4 Indicators:

• HMA34
• LSMA in color (34)
• Direction

Long Entry:

• Direction Buy arrow confirmed by green HMA and LSMA

Short Entry:

• Direction Sell arrow confirmed by red HMA and LSMA

If LSMA is yellow, wait to close to two bars, if it agrees with HMA go enter, it does not agree is flat.

Exit Position:

• When direction reverses signal.
• Place the stop loss the previous swing.
• Target Profit is recommended with Projection Fibonacci Level (optional)

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