Foyda King EA

Foyda King EA — Session-Based Trend Trader
Trend Following Session Filter Risk Management Pending Orders
Short description
A professional trend-following Expert Advisor based on Smoothed Moving Average (SMMA/RMA) breakout confirmation with built-in session filter, automatic stop-loss, take-profit, and margin safety checks.
Full description

Foyda King EA is a fully automated trading system that identifies high-probability breakout setups using a two-candle confirmation strategy built on the Smoothed Moving Average (SMMA / Wilder's RMA) of both high and low prices.

The EA only trades within a user-defined session window (default 09:15–15:30), avoiding low-liquidity periods and ensuring all positions are managed within active market hours. All pending orders are automatically cancelled at session close and open positions are closed to prevent overnight risk.

Entry is executed via BuyStop or SellStop pending orders placed at the signal candle's high/low, with stop-loss set to the SMMA band and take-profit calculated as a multiple of the confirmation candle's range. A built-in margin check prevents order placement when free margin is insufficient.

How it works
Signal detection
Bar closes above SMMA High (buy) or below SMMA Low (sell) — first candle signals a potential breakout.
Confirmation filter
The next candle must also close on the correct side of the SMMA band, fully confirming the breakout before any order is placed.
Entry & exits
BuyStop/SellStop placed at confirmation candle extremes. SL = opposite SMMA band. TP = entry ± (candle range × multiplier).
Session management
All activity is restricted to the defined session. Pending orders expire if not triggered on the next bar. Positions close at session end.
Input parameters
Lot Size
Fixed trading volume per order. Clamped to broker's min/max/step automatically.
SMMA Length
Period of the Smoothed Moving Average applied to high and low prices. Default: 20.
Target Multiplier
Take-profit distance = confirmation candle range × this value. Default: 2.0.
Trading Session
Active trading window in HHMM-HHMM format. Default: 0915-1530.

Recommended usage
Best suited for liquid instruments (forex majors, indices, commodities) on M5–H1 timeframes during active market sessions. Always test on a demo account before live trading.

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