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Trading King Extended MT5

5

Extended version of Trading King MT5 advisor. Indicators used: ATR, RSI, Stochastic, CCI, WPR, DeMarker, RVI. Each indicator can be used optionally on / off.

MT4 version of advisor Trading King Extended


The set file and optimization results will be posted in the discussion of the advisor.

The strategy of the adviser is based on an assessment of the strength of the trend and the finding of correction / reversal points; it compares the absolute values of the rise and fall of the market over a certain time period. Filters are used for news, delay, spread expansion, increased volatility, slippage and day of the week. The strategy uses short-term trading - night scalping, not using martingale

Suitable for all brokers, including American brokers with FIFO. All orders are accompanied by virtual stop-loss and take-profit in pips. The graph displays various information and indicators indicators. The recommended minimum deposit is $ 200 for 0.01 lot. A trading lot is calculated using the formula: Balance / FROM_BALANCE * FIX_START_LOT. Take Profit set 50-100 pips with a spread of 20 pips. The timeframe is set in the parameters of the adviser, the default settings are optimized for EURUSD

If STOPLOSS_IN_PIPS = TRUE, then STOPLOSS is set in pips, otherwise in% of balance. STOP_TRADING = TRUE, the EA stops trading when a loss is received and sends a notification to MetaQuotes ID and E-Mail. If, at the time of the loss, orders are opened in the opposite direction, the adviser will switch to the closing mode for all orders at the breakeven level.

Take profit is initially set from the opening price of the first order. If N is the number of open orders specified in the START_ZEROLEVEL parameter, take profit will be set from the breakeven level. If the number of orders has reached the specified value in START_BREAKEVEN - then the adviser will close all orders in breakeven

If the day of the week is set as FALSE, and there are open positions in the market, the adviser will go into the mode of closing orders on a breakeven basis, a new cycle of orders will not be opened

To use the news filter, you need: In the trading terminal, in the menu, open "Tools" ---> "Settings" ---> "Advisors" ---> add the address "http://calendar.fxstreet.com" in the "Allow WebRequest for the following URLs ".

The time of the expert is set by your broker's server time in the "Market Watch".

For the first acquaintance with the advisor, I recommend enabling the visual mode in the strategy tester.

Main settings: 

  • START_HOUR , START_MINUTE - hour and minute to start trading;
  • STOP_HOUR , STOP_MINUTE - hour and minutes for the end of trading;
  • NEWS_FILTER - enable news filter;
  • NEWS_IMPOTANCE - the importance of news;
  • STOP_BEFORE_NEWS , START_AFTER_NEWS - stop, before and after the news. set in minutes;
  • MAX_ORDERS - the maximum number of orders in one direction;
  • IGNORE_SIGNAL - if = TRUE, and there are already open positions, the signal to open the opposite order will be ignored until the number of orders becomes 0 or MAX_ORDERS;
  • MAX_SLIPPAGE - maximum slippage;
  • MAX_SPREAD - maximum spread;
  • USE_BALANCE_PCT -% of funds from the balance used by the advisor for work, is set for each character separately;
  • FIX_START_LOT - fixed starting lot for each N amount from the balance (FROM_BALANCE);
  • FROM_BALANCE - N balance amount for the calculation of the starting lot (FIX_START_LOT);
  • STOPLOSS_IN_PIPS - if TRUE, then STOPLOSS is set in pips, otherwise in% of balance;
  • STOPLOSS - stop loss
  • STOP_TRADING - stop trading when a loss is received
  • TAKEPROFIT - take profit in pips
  • START_ZEROLEVEL - if N is the number of orders, take profit will be set from the breakeven level
  • START_BREAKEVEN - close all orders in breakeven if the number of orders has reached the specified value
  • TIMEFRAME_BAR - timeframe for defining a new bar
  • MAGIC_NUMBER - magic number
  • SHOW_INFORMATION - display information on the chart


Reviews 1
CESAR RODRIGUEZ
107
CESAR RODRIGUEZ 2019.03.18 04:58 
 

I just purchased the extended version. Great ea!

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Valeriia Mishchenko
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EA has a live track record with many years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make
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EA has a live track record with many months of stable trading with  low drawdown: Best Pairs (default settings) High-risk   performance Night Hunter Pro is the advanced scalping system which utilizes smart entry/exit algorithms with sophisticated filtering methods to identify only the safest entry points during calm periods of the market. This system is focused on a long-term stable growth. It is a professional tool developed by me years ago that is constantly updated, incorporating all the late
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The Au Gold Expert Advisor includes a Logarithmic Spiral of cycles. For the purposes of Forex trading, weekly cycles are of most interest. This cycle is the equivalent of an intermediate trend and allows you to determine on which side of the market you should open a position. For a more accurate determination of the open positions, the advisor Au Gold uses the ten-day cycle alpha and beta, as well as the analysis of Eliot Waves and the mathematical basis of Fibonacci numbers. All of this allows
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BBSO Tachyon Mt5
Olivier Nomblot
4.6 (10)
Aways relevant and timeless, BBSO is improving as it learns through its unique self-optimization. It has been no 1 THREE TIMES IN THE WORD. It is for smart money. W A real breakthrough. Using the legendary BBSO range trading module, the no 1 ROBOT, AND THE AMAZING SPEED OF MetaTrader 5, this scalper generates a lot of quick trades in and out using the most vital point of BBSO, the ENTRY. No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapt
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Market Pulse MT5
Evgenii Golovanets
Market Pulse simple and most effective way to trade, a strategy that always works, breakout level trading. If you noticed that 90% of authors in MQL have real monitoring of their experts is rarely more than $100-$500. But in strategy tester, their EAs bring millions of dollars in profit. However, nobody asks why they sell these EAs, if they can become a millionaire in one year. I offer you a different approach to forex trading, a realistic one. An approach that is suitable for professionals who
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This Expert Advisor is designed for effective investment management and medium-term trading. Unlike the usual version of Butterfly , it starts working when the minimum required number of High/Low bars are within the specified price range. The strategy is based on the assumption that the market bounces in the opposite direction several times before the big bids are satisfied. Do not use martingale, grid and other high-risk trading strategies similar to overstaying drawdown by keeping unprofitable
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CESAR RODRIGUEZ
107
CESAR RODRIGUEZ 2019.03.18 04:58 
 

I just purchased the extended version. Great ea!

Reply to review
Version 1.6 2022.03.04
update for new build
Version 1.2 2019.02.01
Добавлен параметр CLOSE_ZEROLEVEL - по окончанию разрешенного для торгового времени закрывать все ордера в "0".
Version 1.1 2019.01.29
Added parameter COMMENT - order comment