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King Trader EA

King Trader EA is based on candlestick formation and trading time. King Trader EA's strategy to recognize the candle formation and position yourself approximately 5 minutes after the opening of the New York Stock Exchange. The positions that are in plus are accompanied by additional purchases and tight traillingstop! EA was tested in EURUSD, GBPUSD, USDCAD, USDJPY and XAUUSD H1 in the strategy tester and defaulted to these symbols. Please suggest your ideas in discussion. I will implement this as quickly as possible.

This EA offers features:

Low, medium and high risk. Tralingstop and Tralling-Step (according to set points and spread). Closing the order (strategy, or by time), and much more.

Brocker with a min lot of 0.01!!!!

Recommended Timeframe M15 - H1

Live Signal: Click

Installation Guide: https://www.mql5.com/en/articles/498

Payments and payment methods: https://www.mql5.com/en/articles/302

Launching MetaTrader VPS: https://www.mql5.com/en/articles/13586

Test results:

Test results came from Brocker ICMarketsSC MT5 with a leverage of 500.

Recommend:

Timeframe: H1 or M15
Minimum lots: 0.01
Platform: MetaTrader 5
Minimum deposit: 1000
Leverage: 1:30 up to 1:1000
Type of account: Hedging, Zero, Micro, Standard, Premium or ECN
Pairs: EURUSD, GBPUSD, USDCAD, USDJPY, XAUUSD 
and other possible

Customizable Settings:

General


Magic number
Commentar
 
Slippage  
Risk  
Time filter  


Parameter:

  • Start time 16:35 p.m. and end time 17:35 p.m. (Customize in any country!)
  • Traillingstop very tight! (Stops level should be ZERO!)
  • Negative positions are closed by percentage or candle reversal formation!
  • Open positions will be closed at 17:35 p.m. (Customize in any country!) Is very important for protecting the account! (Because of big spreads!)
  • Positive orders are closed percentage (strategy) depending on the risk mode
  • Entry strategy: If the current candle closes below the previous low, sell orders are placed and if the current candle closes above the previous high, buy orders are executed
  • Subsequent purchases (market) are carried out according to a secret strategy


Note: Different results can be achieved in the strategy tester with other Brockers! I take no responsibility for this!

I hope you have fun with the EA and good trades!


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Version 2.6 2023.12.15
Orders close after time Error corrected!
Version 2.5 2023.12.12
Error with reverse orders corrected
Version 2.4 2023.12.11
Added reverse orders!
Version 2.3 2023.12.10
Panel added! You can specify the maximum spread!
Version 2.1 2023.12.09
Placing positions and trailing - stop improved!
Version 2.0 2023.12.08
News filter and trading tag filter added!
Version 1.9 2023.12.06
Distance between positions improved. Volume increases automatically after certain account balance!
Version 1.8 2023.11.23
Tralingstop problem fixed.
Version 1.7 2023.11.21
Protection against too many losses built in!
Version 1.6 2023.11.16
Performance optimized.
Commissions are also charged during trading!
Version 1.5 2023.11.10
If the positions are in loss and the price goes in a different direction, reverse orders are opened!
Version 1.4 2023.11.06
Protection against large spreads with Tralingstop. Trading time changed!
Version 1.3 2023.11.04
Number of orders reduced. Trade improved a bit.
Version 1.2 2023.11.03
Update: Time filter added!