King Sniper EA
- Experten
- Ivan Bebikov
- Version: 2.2
- Aktualisiert: 8 Januar 2025
- Aktivierungen: 10
Monitoring of real trading Advisor - https://www.mql5.com/en/signals/2264971
My other products - click here
Keep in mind that the results on different brokers may differ, I recommend testing on your broker before using it (you can ask me for a list of recommended brokers in the PM).
If you have any additional questions, write to me in the PM.
A fully automatic Expert Advisor that does not require additional settings, I recommend using it with default settings, for trading on the GBPUSD currency pair.
It does not use various AI, machine learning, etc., it is based on simple price mechanics.
The timeframe to use is M15.
The strategy is based on the breakdown of important levels. (mostly quick scalping).
The Expert Advisor uses an adaptive Stop Loss, the size varies depending on the built-in algorithms. (there are two modes I recommend AutoSL MODE 1).
The EA also uses GMT Offset settings to adjust the time, 2 is set by default. The main popular brokers (IC Marke.. etc.) use this value and do not require changes during trading/testing. If you are in doubt about the settings, please email me, I will tell you exactly how to configure it.
If you have any questions, you can write to me in private messages, I am always happy to help.
Main Features:
- Stop loss/Take profit is always used.;
- Martingale/grid/hedging is not used, etc ;
Recommendations:
- It is very important to use a broker with the lowest spreads (0-3 points in 5 digits).
- I recommend to start testing on a demo account or with a minimum lot.
- Run the EA before the start of StartHour - that is, before 4 a.m. (with WinterGMT = 2)
- I recommend testing on the broker you plan to trade on, because the results may differ on different brokers, using an ECN account Pro// Raw spread/Razor, etc.
- Install the Expert Advisor on the GBPUSD M15 currency pair.
- The recommended pair GBPUSD
- Timeframe M15.
- It is recommended to use a VPS server.
- Trading leverage is 1:100 and higher (it is possible with a smaller leverage but with a lower Risk/Lotstep AutoLot value).
- For the news filter to work you need to add “https://ec.forexprostools.com” to Tools/Option/ExpertAdvisor/Allow WebRequest for listed URL: and click the allow checkbox
I purchased the King Sniper EA on December 12, 2024, and I have been extremely satisfied with its performance so far. Although backtests show that a stop loss (SL) can potentially wipe out many profits, my personal experience with the EA has been very positive. The trades I’ve had so far have been spot on, and the drawdown (DD) has been minimal. The only time I encountered a small loss was due to the EA's AutoSLMode, but even that was not significant. I initially ran King Sniper with fixed lots, but after seeing the potential of the EA, I plan to adopt the author's recommended settings to further optimize performance. One of the standout features of this EA is that it does not trade every day, which makes it a perfect addition to my portfolio, allowing me to combine it with other EAs without any issues. Conclusion: So far, I believe that the King Sniper EA is definitely worth every cent. It delivers accurate trades, keeps drawdown to a minimum, and integrates easily with other trading systems. I'm looking forward to seeing how it performs over time and highly recommend it to anyone looking for a reliable and effective EA. Regarding the one-star review, I honestly don’t understand it, especially considering that I haven’t experienced any losses myself, and I don’t believe anyone else who has used the default settings would have either. The EA is not designed for “get rich quick” schemes; it is meant for stable trading and consistent income over time. It's clear that those giving low ratings might have been expecting something unrealistic. King Sniper is about sustainable growth, not overnight riches.