Hi, guys! Today we will talk about German Sniper Indicator by the “Legendary Traders” Telegram Channel.

A few days ago I received an email from one of my subscribers Michael asking me to review this indicator. Michael also sent me a link to their Telegram channel, but it only contained super happy reviews from the German Sniper Indicator users.

all reviews posted on the same day

I think you would agree with me that the feedback seems to be a bit too emotional and exaggerated. When I first saw it, I personally felt that it was fake. Of course, I would be more than happy to find out I was wrong, but usually only scammers post such reviews.

German Sniper Characteristics

Software Type: Indicator
Platform: MetaTrader4
Timeframes: any
Pairs and assets: any, Gold and Ger30 recommended
Repaint: no
Special Features: calculates perfect TP and SL levels
Price: $49

My experience with German Sniper

I have to admit, I am always reluctant to buy anything when I don’t see the face of a creator. We don’t know who developed German Sniper Indicator and whether we will get support as promised. We only know that the creator is probably from Africa because prices on the website are shown in ZAR and that’s it.

Moreover, I don’t like the style of the website to be honest, it’s rather poor. There is no permanent branding, this is just a one-page website selling a product. I guess there’s a possibility they are selling for a quick buck and plan on starting a new website and repeating the process under a new name in the future. But this is just a guess.

All these things made me feel reluctant to buy the product from the website, even though the price was not high. So, I spent some time and found the file on one of the forex forums and installed it in two minutes.

My Results with German Sniper

When I attached German Sniper to the chart for the first time I immediately understood that I had seen this indicator before. I quickly looked through my collection and found it – it was super similar to the popular Radar Signal indicator! The signals of these two tools are absolutely identical. What a nonsense!

German Sniper Indicator
Radar Signal Indicator

So I was right about the developer from the very beginning. The seller of the German Sniper Indicator has modified the code a bit and now ask money for someone else’s algorithm!

If we talk about the strategy itself, it’s rather interesting and the indicator is definitely worth your attention. The signals are quite accurate, especially on the higher timeframes and the Target levels are calculated well.

You can download both indicators below, though I believe that it would be right to use the original Radar Signal version, but of course it’s up to you.

Contact me: trentbaxter@forexrealreviews.com