Sniper Spread Monitor provides real-time MT5 spread monitoring for precision trading decisions

This 2026 review and performance analysis of Sniper Spread Monitor examines both live account samples and controlled simulation results to quantify impact on execution cost and trade outcomes. Sniper Spread Monitor is an MT5 indicator that focuses exclusively on monitoring bid-ask spreads, flagging widening conditions, and gating trade entries to prevent entry during adverse spread events. The review compares spread behavior across major pairs and demonstrates how disciplined spread control alters short-term profitability and drawdown characteristics. What makes Sniper Spread Monitor unique is its narrow scope and low resource footprint: instead of trying to predict price direction, it enforces trade hygiene by refusing or flagging trades when spread conditions exceed user-defined limits. The algorithm samples tick spreads, applies moving-window medians, and triggers alerts when current spreads deviate by a configurable percentage from recent baselines. Market conditions it handles best include high-frequency scalping windows, pre-news spikes, and low-liquidity sessions where spread spikes commonly erode returns. Risk management in Sniper Spread Monitor centers on prevention rather than stop-loss placement; it minimizes avoidable execution losses that accrue before a stop is even reached. Expected performance characteristics include fewer losing entries during volatile periods, a modest reduction in trade frequency (typically 10-35% fewer trades depending on threshold), and improved realized net returns when spread slippage was previously a material cost. The indicator is developed by Henry Armando Baltazar for MT5 and is well-suited for traders prioritizing execution quality over trade volume.