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Forex King 2 Hedging EA

Forex King 2 hedging EA 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 EA work great on EURUSD with fantastic result. You almost can't lose if you uses 0.01 starting lot size.


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
  • Buy break even line color - long break even color line
  • Sell break even line color - short break even color line
  • Strategy - Select the strategy to use
  • Enable safe mode - enable or disable 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
  • Dollar Loss $$ - Dollar amount loss to close all open trades
  • Dollar Profit $$ - Dollar amount profit to close all open trades
  • Stop loss - the size of stop loss
  • Take profit - the size of take profit
  • Trailing stop - the size of trailing stop
  • Slip - difference between the expected price of a trade and the price at which the trade is executed
  • Maximum spread allow - The difference between these two prices is the spread (bid and ask)
  • EA magic number - Magic number must be less than 99999
  • Additional lot - add lot size to each order
  • Trade Comment - add any comments to your trades
  • Stop next cycle - stop new trade once current cycle is closed
  • Use smart steps - use the automatic step calculation
  • Manual step - use manual entered step
  • Step multiplier - the grid step size multiplier
  • Number of candles - How many bars to use to calculate break out
  • Distance from price- distance added to current price
  • Moving Average Setting
  • RSI Setting
  • Stochastic Setting
  • High Low Candles Setting
  • Time Filter Setting
  • Buttons for manual trading

Recommended Currency: EURUSD, EURCAD, 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. 








Comentários 2
Derrick Lloyd Pendleton
210
Derrick Lloyd Pendleton 2020.05.16 03:14 
 

Another great EA from Michael. This one has an even longer list of separately optimizable strategies than Dragon. It also has a useful hedging strategy built in. I use this now on my non-US accounts and Dragon on my US broker. So far I'm very happy with the performance, and as always Michael is great to work with.

Paolo Becheri
51
Paolo Becheri 2020.05.03 16:02 
 

3-May-2020

I backtested it for 2 months on several Pairs finding out some very suitable configuration in order to minimize correlations and distribute risks.

Actually it's running in demo since 3 weeks ago and results are 100% comparable to backtesting.

I'll run it in live within 2 weeks and will update my Review.

I should say Author is always ready to answer and the EA is 100% meeting my expectations!!

---------- 1 Dec 2020: UPDATES ----------

Have been using this EA for 6 months in Live so after a while I can definitely tell my opinion.

Starting form the last question: Am I happy? Yes I am.

But looking to some details here is my complete review/experience:

- I had good result with EURUSD, GBPUSD, XAUUSD, XAGUSD. I am looking forward for new Pairs in order to distribute risk.

- Let me say my Goal is to gain 40-80 pips per Trade. So very small profit with very short Trade duration. Running this EA on 3 Pairs will open several trades per day, in my case 383 Trades in 3 months. So in my experience.. very small profit every day. To be honest I never faced a loss with this 4 Pairs actually *talking about cumulative Loss, EA open several Trades in a short time and close all of them when the SUM is Profit). Avg Trade duration: 15 min for 50% of my trades.

- EA has several strategy (I didn't checked them all yet) but Stochastic & Envelops seems to be the best. In my opinion.

- CAREFULL with DD%!! Because of his "grid" systems you may face DRASTIC DD%. I faced 12% Equity DD% BUT, in middle August (when Gold dropped down 10% in 2 days), I also met 45%DD in Equity. Drastic case but can happen.. and you could see your Account blow-up if don't manage Lot size carefully.

- Issues in backtesting. Don't know if is my fault guys.. but because EA backtest with Open-bar, because timeframe is M5, because of something else.. result in Backtest looks pretty different from Live. Live got me more Profit but also an increased Equity DD%.

I think this is enough.

I'll update my review once I'll gather significant information to share.

Happy Trading!

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⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐    Isolation - an adviser using the TMA indicator to enter a position. It can be used on simple charts of currency pairs, and it also includes an innovative algorithm that allows you to trade it on Renko bars. When buying an adviser, you can get Renko Builder as gift, which I use  in working with an adviser. Manual for EA add at comment #8  By  purchasing  this Expert Advisor you are entitled  to rec
250 USD
Stenvall Invest
Gennady Sergienko
default settings:     EURUSD M5 email:                    lleonea.com@gmail.com telegram for pm:    @leontolstoy This is a fully automatic trading robot that does not require the intervention of a trader is divided into control blocks that contain more than 70 smart functions for controlling the trading process. ✔ How is Stenvall Invest better than others ? ☑ We do not use a beautiful word with pictures, Stenvall Invest is really a technological robot that has a complex code. Read about
1 299 USD
GerFX Density Scalper
Exler Consulting GmbH
BLACK FRIDAY PROMOTION  IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movemen
1 700 USD
Pinpoint EA
Ryan Brown
Black Friday and Cyber Monday Sale! -20% off through November 30th!  The Pinpoint EA is the result of 6 months of work to build an EA that's able to safely recover a losing trade over 17+ years of backtesting. The Pinpoint has a 94% win rate and has never lost more than 2 trades in a row in 17 years of testing on the GU and EU.  The EA trades almost on daily basses and churns out a profit every week! The Pinpoint trades on the GBPUSD and EURUSD M15 timeframe ONLY! Makes sure and change the
347 USD
MBfx Neural Adaptive MT4 EA
Max Brown
Discounted price at $699. Price increase on the 6th December $799 This EA uses advanced machine learning auto-adapting methods to drive trading performance; methods that have been researched and developed for well over 15 years.   Each FX pair has between five and ten machines learning algorithms driving 20 to 50 algorithmic models per pair.   This is a true  A.I.   Driven Dynamic Strategy Selection EA therefore this is formidable and a trading Gem.   It is a prized jewel that has been placed
699.99 USD
Blassik V2
Oon Kar Lee
 <<<SELLING FAST>>>     ONLY 9 OUT OF 10 COPIES AT $299  Next price will be $359. Final Price $799. BLASSIK is a FULLY AUTOMATED, Trend Following Smart Grid System, using Artificial Intelligence to trade on the EURUSD pair. It specializes in systematic algorithm, using quantitative models derived from mathematical and statistical analysis, based on past data, to extrapolate and predict for future market behaviour. Trades like a real experienced trader, using averaging trades to secure a be
299 USD
Friday Monday
Konstantin Kulikov
ONLY 4/20 COPIES AVAILABLE AT 380$ NEXT PRICE -> 497$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to th
380 USD
Prado
Tatyana Kulyapina
PRADO é um consultor especialista em segurança. A estratégia de negociação está em conformidade com as regras FIFO . O depósito mínimo é de 100 dólares. Negociação intradiária de níveis por tendência. Monitoramento: https://www.mql5.com/en/signals/667212 Para testes: período H1 , todos os ticks. Ferramenta USDJPY , os arquivos de configuração podem ser baixados nos comentários, página 4, publicação # 75 A descrição das configurações pode ser encontrada nos comentários, página 6, publicação #109
321 USD
NightVision EA
Alexander Kalinkin
NightVisionEA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal monitoring of the NightVision EA: https://www.mql5.com/ru/signals/author/dvrk78 Features Does not
299 USD
KonokaSystem
Nobuyoshi Murase
O Sistema Konoka é um sistema de day trade que tem como alvo as horas das 00:00 às 13:00 horas, horário do Japão. O par de moedas é USDJPY e é negociado ao preço de fechamento do M5. Nenhuma lógica de grade ou martingale é usada. Tanto o TP quanto o SL são ligeiramente maiores a 100Pips. A razão para isto é para evitar perdas com grandes vendas a descoberto. Existem outros métodos de liquidação que utilizam indicadores de tempo e técnicos. O Backtesting foi validado por 20 anos. f
330 USD
ReitakFX Insomnia
Boris Sedlar
Fully automated EA on CCI strategy.  For more info join to   DISCORD  where you can get info how to set, how to trade with this indi Real monitor :  https://www.mql5.com/en/signals/830006 Set links :  https://files.fm/f/4j78w47n - you can easy optimalize own pair or use my. But please join to Discord  to get always latest sets what i will optimize.  -------------------------------- Layer CCI   - CCI-layers as equal distance from the bottom and from the top CCI _Period   – number of bars
250 USD
Secret
Evgeniy Zhdan
✅ The strategy is based on the determination of the formed figures of technical analysis, candlestick patterns of higher time frames, the degree of volatility variability. ✅ The totality of the data obtained allows the adviser to decide on the start of trading. ✅Dangerous trading methods are not used. ✅ Only 1 order can be opened at a time. The averaging system is not used. ✅ Each open transaction has a stop loss and take profit. Recommended trading instruments (TF 5m): GBPUSD, GBPJPY,
2 698 USD
ATS Advisor
Ivan Bebikov
The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recovering from losses. The strategy is based on the breakdown of signific
399 USD
Ice Forex
Stanislav Tomilov
Price: $599 7 of 10 copies left at this price Next price $699 RECOMMENDED BROKER FOR ICE FOREX Telegram channel:  https://t.me/aura_gold_ea Ice Forex EA is based on Genetic Algorithms and Support Vector Machine Algorithm to trade in the Forex market. In this EA, a new algorithm is used which is capable of generating technical rules to make investments with a given amount of leverage depending on the certainty of the prediction presented. To forecast these predictions, a combination of a Support
599 USD
Filtro:
Derrick Lloyd Pendleton
210
Derrick Lloyd Pendleton 2020.05.16 03:14 
 

Another great EA from Michael. This one has an even longer list of separately optimizable strategies than Dragon. It also has a useful hedging strategy built in. I use this now on my non-US accounts and Dragon on my US broker. So far I'm very happy with the performance, and as always Michael is great to work with.

Paolo Becheri
51
Paolo Becheri 2020.05.03 16:02 
 

3-May-2020

I backtested it for 2 months on several Pairs finding out some very suitable configuration in order to minimize correlations and distribute risks.

Actually it's running in demo since 3 weeks ago and results are 100% comparable to backtesting.

I'll run it in live within 2 weeks and will update my Review.

I should say Author is always ready to answer and the EA is 100% meeting my expectations!!

---------- 1 Dec 2020: UPDATES ----------

Have been using this EA for 6 months in Live so after a while I can definitely tell my opinion.

Starting form the last question: Am I happy? Yes I am.

But looking to some details here is my complete review/experience:

- I had good result with EURUSD, GBPUSD, XAUUSD, XAGUSD. I am looking forward for new Pairs in order to distribute risk.

- Let me say my Goal is to gain 40-80 pips per Trade. So very small profit with very short Trade duration. Running this EA on 3 Pairs will open several trades per day, in my case 383 Trades in 3 months. So in my experience.. very small profit every day. To be honest I never faced a loss with this 4 Pairs actually *talking about cumulative Loss, EA open several Trades in a short time and close all of them when the SUM is Profit). Avg Trade duration: 15 min for 50% of my trades.

- EA has several strategy (I didn't checked them all yet) but Stochastic & Envelops seems to be the best. In my opinion.

- CAREFULL with DD%!! Because of his "grid" systems you may face DRASTIC DD%. I faced 12% Equity DD% BUT, in middle August (when Gold dropped down 10% in 2 days), I also met 45%DD in Equity. Drastic case but can happen.. and you could see your Account blow-up if don't manage Lot size carefully.

- Issues in backtesting. Don't know if is my fault guys.. but because EA backtest with Open-bar, because timeframe is M5, because of something else.. result in Backtest looks pretty different from Live. Live got me more Profit but also an increased Equity DD%.

I think this is enough.

I'll update my review once I'll gather significant information to share.

Happy Trading!

Responder ao comentário
Versão 9.2 2020.05.03
add Maximum Total Open Orders for Account
Versão 9.1 2020.04.23
minor update to the side panel
Versão 9.0 2020.04.19
Changed how safe mode work.
Versão 8.0 2020.03.06
Improved some of the strategies
Versão 5.8 2020.03.01
The reverse setting was backward in simply Bollinger band strategy
Versão 5.7 2020.02.29
small bug fix
Versão 5.5 2020.02.28
Latest version.
Versão 5.3 2020.02.26
Fixed a major bug.

After upgrading to this version you can NOT use any old set files. You need to create all new set file from this version on.
Versão 5.2 2020.02.20
fix some small issue.
Versão 5.1 2020.02.19
Small bug fix
Versão 3.0 2020.02.18
Update to the latest version
Versão 2.0 2020.02.16
New strategies and improved manual trade buttons.
Versão 1.80 2020.02.12
Add new manual trade buttons. Now you can do auto trading and manual trading at the same time.
Versão 1.40 2020.02.07
Bug fixes.
Versão 1.30 2020.02.06
Add Maximum Trade Per Side
Versão 1.20 2020.02.04
Add new High Low strategy
Versão 1.10 2020.02.02
Add width to the break even lines