Precision Sniper [WillyAlgoTrader]

I found this on TradingView and converted the Open Source Pine Script code to MT4 code.

Original code with all details here: https://www.tradingview.com/script/I...llyAlgoTrader/

Precision Sniper is an overlay indicator that generates entry signals only when a 10-factor confluence scoring engine reaches a configurable threshold — combining EMA alignment, RSI momentum, MACD direction, VWAP position, volume confirmation, ADX trend strength, DI directional pressure, and higher-timeframe bias into a single composite score (0–10). Every signal comes with automatic TP/SL placement using either ATR-based or structure-based stops, plus a progressive trailing stop system that ratchets the stop to breakeven after TP1 and to TP1 level after TP2.

Each factor in the scoring engine measures a different market dimension:

— EMA Fast/Slow crossover → detects the momentum shift that initiates the signal (trigger)
— EMA Trend → confirms the macro direction (structural filter)
— RSI → confirms momentum is in the non-extreme zone (avoids overbought entries)
— MACD histogram + MACD vs signal → confirms momentum is accelerating, not decelerating (2 factors)
— VWAP position → confirms price is on the right side of institutional fair value
— Volume → confirms market participation (not a low-liquidity wick)
— ADX + DI → confirms the market is trending AND directional pressure aligns (not ranging)
— HTF EMA bias → confirms the higher-timeframe trend agrees with the entry direction

LATEST VERSIONS BELOW: Added Max Bars History = 1000 internally to all codes.

Interesting strategy, thanks for sharing

Hi Burton,

1. Do the signals repaint after the candle closes on whatever time frame your viewing.

Hi, you will have to discover that on a demo account.

We could, on the other hand, people can research for themselves, you know, teach a man to fish, feed him for a long time or something.

Burton provided the link, but he can't read the page for Oz Dave, but I'll do my best.



It all depends on your level of interest I suppose along with curiosity and computer skills.

After all, Internet = Information

Thanks Erebus,

Sorry, didn't see the link on my first go around.

I managed to find that information.

Very good, now play with it and see if you can break it.

Here is last Friday entry on MT4 and TV, even though I set TV to 5-10-20, pretty much the same.




If it doesn't work for you, Chuck Norris sent me his holy grail gold system before he died, just PM for details.

Hi friend! What grail gold system were you talking about? Are there any additional settings for the indicator?

Does the score factor change for every new trade… because I changed the settings until I git a score factor of 9/10 but then I see it constantly changing, for example it’s starts off at 9/10 then moments later it’s 6/10.

Thanks for sharing

An update to the code, Version 1.01

Only 1 TP now SL:TP 1:3
Arrow size parameter added.

All other signal logic remains the same.

The two parameters that will have the biggest impact on signal frequency vs quality are Min Confluence Score and the Preset — those are the first dials to turn before touching anything else.

Min Confluence Score
This is the quality gate — the minimum number of points the scoring engine must reach before a signal is allowed to fire. The score runs from 0 to 10, built from 10 independent market factors each time an EMA crossover occurs.
The 10 factors and their weights:
Factor Weight is what it measures
EMA Fast > EMA Slow1.0Short-term momentum shift
Close > EMA Trend (55)1.0Price above macro trend
RSI 50–75 (bull) / 25–50 (bear)1.0Momentum in non-extreme zone
MACD Histogram positive/negative1.0Momentum accelerating
MACD Line above/below Signal1.0MACD crossover confirmed
Close above/below VWAP1.0Right side of institutional fair value
Volume > 20-bar SMA × 1.21.0Real participation, not a wick
ADX > 20 + DI alignment1.0Trending market with directional pressure
HTF EMA Fast > Slow1.5Higher timeframe agrees (strongest factor)
Close above/below EMA Fast0.5Minor price confirmation
So a score of 5 means roughly half the market dimensions agree. A score of 8 means almost everything is aligned simultaneously.

Practical score guide:

1. Score 3–4 — Light consensus. Signals fire often, but many will be in choppy or borderline conditions. Good for very active scalping where you want maximum opportunities and manage risk tightly with small position sizes.
2. Score 5 (default) — Balanced. A reasonable majority of factors agree. This is the sweet spot for most traders — enough signals to be useful, filtered enough to avoid obvious noise.
3. Score 6–7 — Strong consensus. Fewer signals but each one has significantly more factors aligned. Good for swing trading or if you find the default producing too many losing trades.
4. Score 8–9 — Near-perfect alignment. Signals are rare but represent the highest-quality setups where almost everything in the market is pointing the same direction. Worth waiting for if you only want to take the very best setups.

The key insight is that the HTF factor carries 1.5 weight, so if your higher timeframe filter is set and agrees, you already have 1.5 points before anything else fires. A score of 5 with HTF confirming is actually only needing 3.5 more points from the remaining 8.5 available — quite achievable. A score of 5 without HTF confirming needs 5 out of 8.5 from the other factors — a meaningfully higher bar.
Preset
The preset is a quick override that adjusts two specific values simultaneously — the effective minimum score and the SL multiplier — without you having to manually change each one. Think of it as a mode selector that shifts the indicator's personality.
What each preset actually does:
Conservative

1. Forces minimum score to at least 7 (even if you set Min Score to 5, it uses 7)
2. Forces SL multiplier to at least 2.0× ATR
3. Result: Fewer signals, each requiring strong consensus, with a wider stop to give the trade room to breathe. Best for 1H/4H swing trades where you're happy waiting for the really clean setups and don't mind a larger stop distance.

Default

1. Uses exactly whatever you set for Min Score and SL Multiplier — no overrides
2. Result: Your manual settings are respected as-is. Start here while learning the indicator.

Aggressive

1. Caps minimum score at 3 (even if you set Min Score to 7, it won't go above 3)
2. SL multiplier uses your manual setting unchanged
3. Result: Maximum signal frequency, accepting lighter consensus. More trades but more noise. Only worth using if you have a very tight risk management discipline and can tolerate more losing trades in exchange for catching more moves.

Scalping

1. Caps minimum score at 4
2. Caps SL multiplier at 1.0× ATR (forces a tight stop)
3. Result: Designed for 1–5 minute timeframes where you need fast entries, tight stops, and frequent signals. The tight SL means individual losses are small, but you'll get stopped out more often — the expectation is that wins at 1:3 more than compensate.

How to use them together
The score and preset interact, so it helps to think of them as a pair:

1. Starting out on M5 gold → Default preset, Score 5. Observe what fires and how it performs for a couple of weeks.
2. Too many signals, too much noise → Bump Score to 6 or 7, stay on Default. Don't change anything else yet.
3. Too few signals, missing moves → Drop Score to 4, or switch to Aggressive preset.
4. Want the cleanest possible setups only → Conservative preset, Score 7–8. Accept you'll only see 1–2 signals per day on M5.
5. Pure scalping mindset → Scalping preset, Score stays at 4 ceiling. Pair with tighter EMA settings (Fast 5 / Slow 13 / Trend 34).

The most common mistake is adjusting too many things at once. Change one parameter, observe 20–30 signals worth of results, then decide if another change is needed.

Enjoy

Hi Burton… so basically the score is for every arrow trade that appears and will vary each time according to the confluences correct? Thanks in advance.

An update to the code, Version 1.02

New Dashboard added for better visibility.

Hi burton, could you also make it for mt5 version ?
thanks

What do these colors do? I was trying to change the Yellow in the Dashboard.

Great work, thanks for sharing.

A HUGE update especially for Erebus

Dashboard color parameters added.

Titles added to each section explaining the parameters.

All signal code remains the same.

Enjoy

hello , have you converted this tool in mt5 ?

mt5 version.... i attached indi and pics of the chart two pairs too

thanks vasude for indicator sourcecode,i wanted it as autotrade EA, but im faced difficulties to get the signal data and all entry and tp value, is there any ways ea able to read indicator variable or data ?

Please, the indicator is buggy, it freezes my computer. can you look into that please.