Lion King EA
LION KING EA uses martingale and order grid with complex algorithms. EA will take the trade when price go to the oversold or overbought area. It will add more trade if the market go against the previous trade. The lot will increase each trade.
This EA is very easy to use and can apply for multi-currencies. It works on accounts with 4- and 5-digit quotes.
This EA is very strong against the news events. However, with the new with extremely high impact on the market (Brexit, US President Election) it is better if you turn off the EA.
Start with tiny amount of money (200 USD/0.01 lot). Therefore you can divide your money to a few accounts and trade a few pair for each account. This EA is recommended for the M30 timeframe.
The default settings are optimized for EURUSD. Please optimize for other pairs: USDCHF, GBPUSD, CHFJPY, AUDJPY, CADJPY, EURGBP, NZDCAD, XAUUSD, CHFJPY, EURAUD, GBPAUD, AUDUSD, AUDCHF, AUDNZD, CADCHF, EURCAD, EURUSD, NZDJPY, AUDCAD, GBPCHF, USDSGD.
VSP is required for uninterrupted operation.
- BasicLotSize=0.01 - Starting lot size (recommended 0.01 lot per 200 USD)
- Take profit in points=300 - Take profit in points.
- Distance_Rate=7 - This rate will determine the oversold or overbought area. Do the optimization for each currency pair.
- Orders Step=300 - Minimum distance between 2 trades.
- Acceptable Spread in Points=15 - Maximum acceptable spread to take the trade.
- Use Safe Mode?=false - If 'true' EA will close the trade to protect account.
- Comment=LionKing - Comments.
- MagicNumber=999 - Magic Number.
- IsUseHotKey=false - If 'true' you can take the trade manually by: press "b" to open long position, press "s" to open short position. Lot size = BasicLotSize.
- FORCE CLOSE
- Use force close?=false - if 'true' EA will close all trade if the total loss exceed a certain value.
- Max Loss Value=200 - Maximum loss (Use force close?= true).
In case: IsUseHotKey=true:
Press b: Open new Long position with lotsize=BasicLotSize
Press s: Open new Short position with lotsize=BasicLotSize