ForexLens

Floor 4: Value

OTE Sniper

OTE Sniper asks for a complete order, not just a level. You place an entry inside the 62% to 79% retracement of a leg, set a stop 1 to 10 pips beyond the swing the leg started from, and size the position from a fixed account risk. It teaches the entry zone together with its stop and size.

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What it teaches

The optimal trade entry zone, with a stop and a size.

  • Where the optimal trade entry zone sits: 62% to 79% back into the leg, measured from the end of the leg.
  • A stop belongs beyond the swing with a little room, not on it and not inside the zone.
  • A wider stop means a smaller size, with the risk held constant.
  • Treating entry, stop and size as one decision.

How a round plays

  1. A chart shows a clear leg and a pullback under way. Early levels shade the zone, and later you measure it yourself.
  2. Drag the Entry line into the 62% to 79% retracement, measured back from where the leg ended.
  3. Drag the Stop line 1 to 10 pips beyond the swing the leg started from, then press "Place the order".
  4. Size the trade on the ticket: the largest position, in steps of 0.01 lot, whose loss at the stop stays inside the risk limit.
  5. The Lens draws the zone and the swing and shows the working for the size. A run is five setups with three answers each, about five minutes.

How it is graded

The rule here: the entry must sit in the 62% to 79% retracement of the leg, and the stop 1 to 10 pips beyond the swing the leg started from. The size must be the largest that keeps the loss at the stop inside the limit: over the limit is wrong, and well under it is marked down.

The honest note

The retracement band is a convention. Price often turns before it, or runs straight through it, and nothing in the game suggests otherwise. The sizing part is the piece that carries over to any method.

The concepts behind it