Sniper Elliott: Precision MT5 Expert Advisor for Gold and Bitcoin Momentum

In this Sniper Elliott review for 2026 we present a thorough performance and strategy analysis that includes live account samples, backtests, and risk metrics. The review examines how Sniper Elliott identifies precision turning points using a structured Elliott Wave framework combined with multi-timeframe confirmations and pending limit orders. What makes Sniper Elliott unique is its avoidance of random grid logic; instead it uses predefined wave counts, entry zones, and volatility filters to enter before major moves. The algorithm looks for confluence across higher timeframes and uses pending orders to secure superior prices, aiming to catch moves early and maximize reward-to-risk. The algorithm works by scanning XAUUSD and BTCUSD for specific sequence patterns and volatility clusters, then places pending limit orders with layered take profit and stop loss levels. Trade management is adaptive: initial risk is controlled by account-based position sizing and stops, while trailing rules and partial profit taking are applied when momentum confirms direction. Market conditions best suited to Sniper Elliott are trending breaks preceded by clear corrective structures rather than choppy range-bound price action. The tool performs well during high liquidity sessions and news-neutral volatility spikes on Gold and Bitcoin. Results from live and simulated accounts show targeted win rates and defined drawdown thresholds, and the analysis highlights periods where the EA paused trading due to ambiguous wave structure to protect capital. Overall, Sniper Elliott demonstrates an approach grounded in technical theory with practical execution mechanics that suit disciplined traders on MT5. The review notes that consistent monitoring, conservative sizing, and periodic parameter updates improve long-term outcomes when using this strategy on real accounts.