Smart Sniper AI System
Installation & Setup Guide

Complete step-by-step instructions for installing, configuring, and optimizing Smart Sniper AI on MetaTrader 5

Installation

Download & setup steps

OpenAI Setup

API key configuration

Configuration

Parameters & settings

Risk Management

Safety & protection

Step 1: Installation

1

Purchase from MQL5

Visit the MQL5 marketplace and purchase the Smart Sniper AI System license.

2

Download & Extract

Download the EA file from your MQL5 account library and extract it to your desktop.

smart-sniper-ai-system.ex5
3

Copy to MT5 Experts Folder

Copy the .ex5 file to your MetaTrader 5 installation:

Windows:

C:\Users\[YourUsername]\AppData\Roaming\MetaQuotes\Terminal\Common\Files\Experts

Mac:

~/Library/Application Support/MetaQuotes/Terminal/Common/Files/Experts
4

Restart MetaTrader 5

Close and restart MetaTrader 5 for the EA to appear in your Navigator panel.

5

Attach to Chart

Open XAUUSD H1 chart, drag Smart Sniper AI from Navigator onto the chart to attach.

⚠️ Important:

Always start on a DEMO account first to test and configure settings!

Step 2: OpenAI API Configuration

1

Create OpenAI Account

Visit OpenAI and create a free account or log in to your existing account.

2

Generate API Key

Go to API Keys page, click Create new secret key, and copy it securely.

3

Configure in Smart Sniper AI

In the EA settings, find the OpenAI API Key field and paste your key there.

EA Settings Path:

Expert Advisors → Smart Sniper AI → Settings → API

✓ Setup Complete

Smart Sniper AI can now use ChatGPT for real-time market analysis!

Step 3: Configuration & Parameters

Trading System Selection

Recommended: Hybrid mode
Start with Safe tier
Stops trading when reached

Market Filters

Avoid high-impact news events
Recommended: Enabled

Risk Management Settings

5-Tier Risk System Activated

Smart Sniper AI automatically scales your trading based on your selected risk tier:

  • ✓ Safe: $3.5 max per trade (breakout), $5 max (AI)
  • ✓ Normal: $7 max per trade (breakout), $10 max (AI)
  • ✓ Aggressive: $10 max per trade (breakout), $15 max (AI)
Auto Lot
Calculation

Automatically adjusts lot size based on account balance and selected risk tier

Smart
Trailing Stops

Dynamic trailing stops that adapt to market volatility and session conditions

Circuit
Breaker

Hidden equity-based circuit breakers that stop trading at defined drawdown levels

Understanding the Dashboard

Performance Metrics Section

Shows real-time balance, equity, floating P/L, and current drawdown percentage

AI Brain Status

Displays ChatGPT confidence score (85%-100%), market bias, and current analysis

Trade Statistics

Separate stats for AI and EA systems showing wins, losses, win rate, and profit metrics

Market Diagnostics

Current spread, volatility indicator, session status, and news alerts

Best Practices & Tips

✓ Do This

  • Test on demo for 2+ weeks before going live
  • Start with Safe risk tier on live accounts
  • Keep MT5 running 24/5 for automation
  • Monitor dashboard daily for AI confidence
  • Use ECN/Raw spread broker (ICMarkets recommended for best execution)
  • Keep OpenAI API key secure

✗ Don't Do This

  • Trade live without demo testing
  • Use on other pairs or timeframes
  • Share your OpenAI API key
  • Over-leverage or disable safeties
  • Manually override EA decisions
  • Disable news and volatility filters

Important Disclaimer

  • • Smart Sniper AI is a trading tool, not a profit guarantee
  • • Past performance does not indicate future results
  • • Results depend on broker quality, spreads, and your settings
  • • OpenAI API usage may incur costs based on ChatGPT model calls
  • • Always start with a demo account before trading live
  • • Only risk money you can afford to lose

Ready to Start Trading?

Follow this guide to install Smart Sniper AI, set up your OpenAI API key, and start testing on demo.