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Forex King EA

Forex King is the perfect trading robot for newbies.  It’s user friendly and easy to configure. No indicator installation is needed as everything is already built into the robot.  The number of parameter settings require to configure the robot is minimal, so you can have the robot running in just a few minutes after purchasing it. This version does not uses hedging!

Just because Forex King is easy to use and to configure does not mean it’s not powerful.  In fact it’s the opposite! If you don’t believe me, just download the demo version and test the robot in strategy tester for Gold (XAUUSD) or EURUSD on 5minutes chart and see the result for yourself.

Trading Strategy

The Expert Advisor identifies the trend based on its built-in logic and setting the user provide.  It than open the first trade of the cycle in the direction of the trend.  If the trade is a loss than it use grid for recovery and all positions will be closed when the total profit exceeds the take profit specified.

Input Variables:

  • Show side panel - display the right side information panel
  • Font size - adjust the font size of the side panel
  • Menu color - Main text color of side panel
  • Variables color - the value text color of side panel
  • Chart foreground color - chart main color
  • Chart background color - chart background color
  • Enable super safe mode - enable or disable super safe mode switch
  • Default lots size - set default lot size
  • Maximum lot size - set the max allowed lot size.
  • Lot multiplier - the lot size multiplier
  • Additional lot - add lot size to each order
  • Stop loss - the size of stop loss
  • Take profit - the size of take profit
  • Trailing stop - the size of trailing stop
  • Maximum spread allow - The difference between these two prices is the spread (bid and ask)
  • Starting bar - Which bar do the indicator look at for signal
  • number of bars - How many bars to use in indicator
  • Use smart steps - use the automatic step calculation
  • Manual step - use manual entered step
  • Starting hour - use starting hour filter
  • Starting minute - use starting minute filter
  • Ending hour - use ending hour filter
  • Ending minute - use ending minute filter
  • Maximum slippage - difference between the expected price of a trade and the price at which the trade is executed
  • EA magic number - Magic number must be less than 99999
  • Delta distance - distance added to current price
  • Buy ok - allow buying
  • Sell ok - allow shorting
  • Stop next cycle - stop new trade once current cycle is closed
  • RSI indicator - RSI setting
  • Trade Comment - add any comments to your trades

Recommended Currency: EURUSD, XAUUSD (gold)

Recommended Timeframe: 5 Minute (M5)

Recommended Broker:

  • Micro Account (Leverage 1:200): FXChoice
  • Micro Account (Leverage 1:500): ICMarkets, Pepperstone, FBS
  • Cent Account (Leverage: 1:500): FBS, Exness

Money Management:

  • Micro Account (Leverage 1:500):
  • Capital $1,000
  • Lot size 0.01
  • Add more capital if float >=50%

  • Cent Account (Leverage 1:500):
  • Capital $50
  • Lot size 0.01
  • Add more capital if float >=50%

VPS (Virtual Private Server) is recommended or keep your computer on 24/7.

FRIENDLY REMINDER:  Do not risk money you cannot afford to lose! Better safe than homeless right?

Please test EA in Demo account for at least 2 weeks to see and understand how grid system work.  By default grid system does not use stop loss, as it uses grid for recovery instead.  You must be comfortable with some drawdown if you are going to use this EA.  Lastly its very important that you ALWAYS trade with 0.01 lot as your starting volume. 

Sem comentários
Versão 2.7 2020.01.14
add step multiplier
Versão 2.6 2020.01.10
Add "Trade Mode:" to right side panel
Versão 2.5 2020.01.09
Close buttons fix.
Versão 2.3 2020.01.08
Some bug fixes.
Versão 2.2 2020.01.02
Show Safe mode status on right side panel now.
Versão 2.0 2019.12.31
add max number of trade allow
Versão 1.9 2019.12.31
Small update to the display side panel
Versão 1.8 2019.12.28
minor bug fixes and improvements
Versão 1.7 2019.12.27
Introduce "Super Safe Mode"
Versão 1.6 2019.12.26
Fix the Free Margin Check function.
Versão 1.5 2019.12.26
Change boarder and background colors.
Add Stop New Cycle option
Versão 1.4 2019.12.24
Visual update only