- Cristian Mihail Pauna
- Version: 2.85
- Updated: 16 March 2023
- Activations: 10
King Collector is a professional expert advisor that trades CFD of GBPAUD, GBPCAD, and AUDCAD currency pairs with stable positive results. It uses Relative Cyclicality, Smoothed Heikin Ashi, Relative Smoothed Heikin Ashi indicators and strategies. King Collector includes a particular trading strategy obtaining a good capital efficiency with a low drawdown. The default settings are optimal. A specific stop-loss value protects each trade, and a fixed take profit point is set for every trade. In addition, the user can set the allocated risk together with a capital exposure protection level. The usage of a stable Risk and Capital Management Strategy is recommended! The King Collector algorithm was developed starting in August 2012 for MT4, and in 2022 was converted for MT5 with better results and no significant differences between the backtest and the trading results in real money accounts.
King Collector has obtained a 6:1 risk-to-reward ratio per year in the last 5 years, making an average of 8 trades per month (1 trade in 3 days).
This expert advisor is designed, optimized, and tested for real money capital accounts. The performance is much different for demo accounts.
The selling price will be increased after each significant purchase in order to limit the sold copies to protect functional stability and profitability.
A short guide about how to use my trading software in order to obtain the best performance can be accessed here: https://pauna.pro/howtouseit.
This EA is designed, tested and optimized for USD capital accounts with the hedging option activated and a minimum capital of 10000 USD. For this case, the risk can be set between 5% and 50% for this case, at the user's choice. This EA was not tested for lower capital. Better results are obtained in Raw type accounts with a variable spread. Using a low-latency VPS (under 120ms) can get better efficiency. King Collector is optimized ONLY for AUDCAD, GBPNZD, and GBPCAD and can be used on ANY TIMEFRAME with the same results. The current version is optimized for market data after 01.01.2018 using the DEFAULT settings with an icmarkets USD Raw MT5 live account. This expert advisor is not universal and has different profitability from one broker to another. If the market price evolves much differently than the period used to optimize this EA, the risk and capital exposure can be increased without any notice, and losses can appear higher than the risk level set by the user. Test the program before purchasing! DO NOT CHECK the "profit in pips for faster calculation" option in the strategy tester to test this product! Do not test this EA for a period shorter than one year, recommended 3 years, better 5 years back. This is because the cyclicality indicators use at least one year back data. The EA is counting money, not pips! Do not test this EA for a period shorter than one year, recommended 3 years, better 5 years back. This is because the cyclicality indicators use at least one year back data. The automated volume calculation is optimized for 1:500 leverage accounts, but the EA can be used for accounts with ANY LEVERAGE level by setting the "CustomVolume" value accordingly. For those who prefer low-risk trading, this product is FTMO-ready for risk levels under 10%.
Inputs (default settings are optimal)
TradeMark - the comment mark for each open trade
Protection - the capital exposure protection level
RiskLevel - the maximal estimated capital risk level
StartHour - the hour when the trading will be started
StopHour - the hour when the trading will be stopped
MaximSpread - maximum value of the spread to trade
MagicNumber - the magic number of each open trade
TradeLong - to trade or not long trades (Buy-Sell)
TradeShort - to trade or not short trades (Sell-Buy)
AutoVolume - to activate automatic volume calculation
CustomVolume - to set a customised trading volume
Before running this expert advisor, load M5, M15, H1, H4, and D1 timeframes into the AUDCAD, GBPCAD, and GBPAUD charts to be sure all necessary data are loaded in your MT5 platform. If some data are missing, a warning message will be displayed in the logs, and the expert will not start. This expert advisor uses huge amounts of data for the real-time data-mining process. Better performance is obtained for high-performance processors and more significant RAM memory. If your memory or processor is used nearly 100%, the data-mining process will be delayed, and a lower performance will be obtained in the trading account.
The capital exposure set by the input parameters is approximated using the price movement statistics between 01.01.2018 and today. This is the maximal drawdown obtained from the backtests. With other words, if the market evolves in the same way like in the past, the maximal exposure recorded by a position opened by this expert advisor should not exceed that level. This fact is not true if the market evolves differently or unprecedented. The stop loss level is set far away considering the double distance from the open price to the maximal exposure price. This strategy offers us the possibility to wait for a market recovery, or to use a recovery utility to cover the loss position when the exposure is overloaded. These recovery operation is not assured by the current expert advisor and must be implemented by the trader using different software, if he wants. Anyway, without an additional recovery procedure, if the market continues to drop off, the position will be automatically closed by the set stop loss. A Global Stop-Loss utility can be used to set an additional protection for the capital account. In any case, A stable Risk and Capital Management Strategy is recommended!
Pay attention, please!
King Collector is an algorithm based on the price evolution from 01.01.2018 until today. We use it with the hypothesis that the market will behave today, tomorrow, and in the near future like in the past. If this hypothesis is false, a negative trade can appear even if the backtest results are good for the last years. Past performance does not guarantee future profit. If, after opening a trade, the market behaviour is substantially changed, that trade will be closed with a loss equal to at least the risk level set by the user. Even more negative transactions, one after the other, can be recorded in this case. In special circumstances of high volatility market, the loss can be even higher than the risk set due to market gaps. For this reason, please pay attention to the risk level set when using this automated software. Do not risk more than you can afford to lose. Do not set high-risk levels until you record a profit in your account to cover an eventual loss. Instead, increase the risk level gradually according to a sustained and stable risk and capital strategy you must set for your long-term investment. These suggestions are valid for using any expert advisor from the market, regardless of how performant seems to be in the tests. In financial trading, even using automated trading bots, anything can happen. Keep it safe!
This expert advisor does not guarantee a profit. The past performance does not guarantee future performance.
The risk level set by the user means he will lose that money if the market evolves differently or unprecedentedly.
Any user will run this expert advisor with his own technical resources, with his own data, and with his own risk level.
The expert advisor's author is not responsible for the results and can not be held responsible for any eventual losses.
An updated version of MetaTrader 5 (MT5) with available market data after 01.01.2018 is needed to run this software.
King Collector is sold only under the https://mql5.com internet site; any other place offering this software is a scam.