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THE KING ADVISOR - CONFIGURATION & GUIDE

27 junio 2024, 14:02

Guillem Boix Martin

Site: https://thekingadvisor.com/

Telegram Channel: https://t.me/thekingadvisor

Mail: kingexpertadvisor@gmail.com

Ask your questions to author: https://www.mql5.com/en/users/guillem_boix

If you have any questions, please do not hesitate to contact us. We will be happy to help you!

We have created a simple guide for those who have never used an expert advisor:

1.Log in to MQL5: Log in to the MQL5 platform using your login and password.

2. Drag the robot to the chart: Drag the robot to the chart of the "EURUSD" pair to start trading.

3.Check the box: Make sure to activate the algorithmic trading option by checking the corresponding box.

4. Click on "Algo Trading": Click on the button labeled in the image to enable automatic trading.

5. For MT4 users: If you have purchased the MT4 robot, go to Tools > Options > Expert Advisors. In the "Allow WebRequest for the following URLs" section, add the following addresses: (https://ec.forexprotools.com/) and (https://www.worldtimeserver.com/). This is necessary because MT5 has built-in news filters, while in MT4 they are accessed through external calls.

We have created a simple and very practical configuration for everyone:

>General settings<

Risk Model (Conservative/Normal): With the normal setting, trades are closed with a specific percentage of the account. With the conservative setting, trades are closed with an average of the trades.
Take Profit Percent: Percent profit to close operations.
Take Profit Points: Take Profit in points (default is not useful).
Stop Loss Points: Stop Loss in points (default is not useful).
Maximum Total Orders: Maximum total orders in the account.
Magic Close: Magical closing of operations (in defect true).

>Money settings<

Set fix lots or percent (Fixed Lot/Percent Lot): Calculation of the lottage in percent of the account or fixed lottage.
Lots or percent: Function for lot calculation.
To calculate the lots (Balance/Equity): Basis for calculating the lottage.

>News settings<

News filter: Filter for news.
Currency news (separated by comma): Currencies used for news filtering.
Filter the news (minutes): Time to filter the news.
Continue trading if an orderis already active: Continue to operate if there is a transaction already open.

>Others settings<

Magic Number: Number used to distinguish the expert advisor from the others.
Comment: Comment made by the robot when opening operations.
Allow Graphics: Enable or disable graphics.
Maximum Spread: Maximum Spread allowed.
Maximum Slippage: Maximum Slippage Allowed