Introduction

Sick of false breakouts that wreck your stop loss? Tired of chasing late entries only to catch the worst price? We’ve all been there. That's why YoForex built something radically smarter.

Introducing the Bands Sniper Indicator V1.0 MT4 — a smart, sniper-style tool that reacts to price behavior, not just standard band crossovers. Whether you're a scalper, swing trader, or algo strategist, this tool helps you zone in on confirmed breakouts, mean reversion points, and dynamic support/resistance levels in real-time.

Overview

The Bands Sniper Indicator V1.0 MT4 is based on a custom hybrid of Bollinger Bands, volatility filters, and price momentum logic. It doesn’t just react to price touching an upper or lower band — it calculates if the move is valid or fake based on past volatility, band expansion rate, and relative strength analysis.

  • ✅ It confirms breakout continuation trades
  • ✅ It signals mean reversion reversals
  • ✅ And it adapts to market conditions like ranging vs trending

Key Features

• +Advanced band breakout logic
• +Detects real breakouts vs fakeouts
• +Includes trend filter & overextension detection
• +Non-repainting arrows for Buy/Sell entries
• +Configurable alert system (sound, email, push)
• +Ideal for scalping & swing strategies
• +Compatible with XAUUSD, EURUSD, GBPJPY, NAS100
• +Works on all MT4 timeframes (M1 to H4)
• +Minimal lag with highly responsive signals
• +Visual dynamic band channels on chart
• +Backtested on 10+ years of price data
• +Free to download on MQL5.software
• +Created & supported by the YoForex dev team

Gold Trend Rider EA 7

Backtest Results & Proof

???? Backtest Period: 2014–2023
???? Timeframes: M15, H1
???? Pairs: XAUUSD, EURUSD, GBPJPY
???? Average Signal Accuracy: 78.5%
???? Risk-Reward Zones: 1.3R to 2.1R
???? Drawdown Impact: < 4% per sequence (no martingale logic involved)

How to Install & Configure

1. Download the file:

From MQL5.software → search Bands Sniper Indicator V1.0 MT4

2. Move the file to:

MT4 → File → Open Data Folder → MQL4 → Indicators

3. Restart MT4

4. Drag onto chart and customize inputs.

Gold Trend Rider EA 1 2

Recommended Settings:

  • Sensitivity: Medium
  • Trend Filter: Enabled
  • Alerts: Sound + Popup
  • Best Timeframes: M15, H1
  • Assets: EURUSD, Gold, GBPJPY

Why Choose YoForex-Powered Tools?

✔️ Free to download — no upsells, no tricks
✔️ Battle-tested in both backtests and live demo accounts
✔️ Lightweight & optimized for fast execution
✔️ Community-driven — we evolve based on your feedback
✔️ Backed by support from real traders and developers

Support & Disclaimer

Disclaimer: Use this indicator responsibly. It’s not a crystal ball. Always test in demo before risking real capital. No tool guarantees future performance.

Call to Action

Why wait? Start sniping clean breakouts and mean-reversion trades like a pro.

???? Download Bands Sniper Indicator V1.0 MT4 FREE on MQL5.software