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Trading King Extended

5

Extended version of Trading King MT 4 Expert Advisor. Indicators used: ATR, RSI, Stochastic, CCI, WPR, DeMarker, RVI. Each indicator can be used optionally on / off. MT5 version is available here

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 4
metaangel
267
metaangel 2020.10.02 21:21 
 

Very nice EA, thank you!

Uwe Peters
1635
Uwe Peters 2019.05.01 22:06 
 

Good EA and very helpful developer. Recommended!

CESAR RODRIGUEZ
107
CESAR RODRIGUEZ 2019.03.18 07:09 
 

Excellent AE. Great job Vlad!!

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Gennady Sergienko
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Hi I'm   NESCO / - I am a fully automatic robot expert and independently analyze the market and make trading decisions. Some of my functions are written using   GPT-4_COPILOT   and optimized by the   MQL5_CLOUD_NETWORK . I have my own server for getting financial events in the world. I can work for you 24/5 without your intervention and notify you with a message on the phone If your attention is needed; My main feature is the methodology of data flow analysis, which allows me to simultaneous
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Hoang Danh Duc
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Quantum Gold Emperor MT4
Bogdan Ion Puscasu
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Introducing   Quantum Gold Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious XAUUSD (GOLD )pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Gold Emperor EA and you could get Quantum Trade EA for free !*** Ask in private for more details Live signal 1:  
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Benbyaanda Silvere Henri Sedric Kabore
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Lo Thi Mai Loan
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Promex MT4
Evgeniia Terekhova
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SIEA PRO NG   is the next generation of SIEA PRO and entirely different from all previous EAs from our company. The prices shown are   discounted prices   for the market launch of SIEA PRO NG! Please use the SIEA PRO NG MT5 version to run a real-tick multi-symbol backtest. Key facts at a glance trades a mean reversion strategy based on 5 full years of our unique real volume data each trade comes with a fixed stop loss and take profit the average trade duration is less than 48 hours many option
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This is a news Expert Advisor trading by the economic calendar. It features the following working modes: Manual – trader sets the news time on its own Automatic – the EA takes the news release time and its importance from the news website Several modes of customizable parameters allow the EA to conveniently adjust the EA to your trading strategy. The trading robot automatically determines the time zone, the news importance, the currency affected by the news release, displaying the news on a char
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This is a non-indicator Expert Advisor based on steady (no roll-backs) price movement. When the price moves a defined distance without changing a direction, one point goes to bulls or bears depending on the price movement direction. When a predefined amount of points is reached, a position is opened. The Expert Advisor uses average weighted stop loss, take profit, breakeven and trailing stop levels. Parameters PriceMove – amount of points to be passed by the price without changing direction; Win
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Filter:
metaangel
267
metaangel 2020.10.02 21:21 
 

Very nice EA, thank you!

Uwe Peters
1635
Uwe Peters 2019.05.01 22:06 
 

Good EA and very helpful developer. Recommended!

CESAR RODRIGUEZ
107
CESAR RODRIGUEZ 2019.03.18 07:09 
 

Excellent AE. Great job Vlad!!

sulaquesta
196
sulaquesta 2019.02.24 19:52 
 

Great support and great trades within the first week. Recommend it very much.

Reply to review
Version 1.5 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