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Kong Scalper

Kong Scalper expert advisor is based on price levels and these levels are placed using the previous historic highs and lows of the price . The Stochastic indicator is used when changing the trade levels in order to dicrease the probability of opening bad trades .

The default settings are made for the EurUsd 1 minute timeframe and settings for other pairs can be found in the product "Comments" section .

The trade levels settings are optimized from the price history data from 2018 to 2022 and so the expert has a very high probability of opening profitable trades 

The actual trade levels are computed using the "Level" parameter which takes the highest and the lowest price from the last "n" number of candles input by the user , default set being 350 , so the expert looks back 350 candles and takes the highest and the lowes price of those 350 candles .

Buy Offset and Sell Offset parameters take the price obtained by the "Level" parameter and places the trade lines with a difference set in points , over or under the price levels determined by the "Level" parameter . The offsets can take both positive and negative values .

Profit and loss - being a scalper , the profit target is set low and maximum loss - relatively high . In order to preserve the capital put at risk , Kong Scalper has a safety built-in feature , which can be set to stop the expert if drawdownn exceeds a certain limit input by user ( limit can be set as percent of balance and the default set is 50 percent ) .

Profit factor and max loss factor are dependent on lot size . If Profit Factor is set to 2 for example and 0.01 lot is used , then the profit taken will be 2 (account currency - USD for example) , the same calculation is made for the max loss factor . 

Kong Scalper also has the posibillity of working only when a new candle begins and so it can be easily optimized using only "Open Price" method . 

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ET9 New on the Market, Launch promo! Only a few copies left at: $599 Next price: $799 Final price: $1599 The Best  Expert Advisor  on   XAUUSD   any timeframes , It can also be used on GBPUSD at the same time! ET9  for MT4 Updated 3.50 !!   Important update:    Enable automatic closing of profits. Include Free  ET1 for MT4:  https://www.mql5.com/en/market/product/113219 Descriptions ET9 for MT4 is a powerful automated trading program with a 9-in-1 trading strategy for gold (XAUUSD) and  GBPUS
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