King Robot EA V4.27 MT4: A Scalping Strategy
Introduction
The King Robot EA V4.27 MT4, developed by the LeapFX team, is an automated Forex trading system designed for the MetaTrader 4 platform. It employs a scalping strategy, aiming to capture small profits from short-term market movements. Let’s explore its key features and deployment guidelines.
Key Features
- Scalping Strategy:
- The King Robot focuses on scalping, which involves quick trades to accumulate small gains.
- Scalping can be effective when executed consistently, but it requires specific broker conditions (tight spreads and fast execution speeds).
- Currency Pairs:
- The EA trades across five currency pairs.
- Consider major pairs like EUR/USD, GBP/USD, USD/JPY, etc.
- Risk Management:
- The strategy avoids potentially risky grid trading techniques.
- It limits exposure by allowing a maximum of two concurrent trades.
- An “anti-stop loss hunting mechanism” helps prevent premature trade closures due to unethical broker practices.
- Profit Targets:
- King Robot sets a take profit level of one dollar (10 pips) and a stop loss of 60 pips.
- The goal is to achieve consistent, small profits while minimizing losses.
Deployment Steps
- Minimum Deposit:
- Start with a reasonable deposit based on your risk tolerance.
- While there’s no fixed minimum, consider an amount that allows comfortable trading.
- Timeframe:
- King Robot works well on shorter timeframes (e.g., M1 or M5).
- Backtest the EA to determine the optimal timeframe for your trading style.
- Broker Selection:
- Choose a broker with tight spreads and fast execution (e.g., IC Markets).
- Ideal broker conditions are crucial for successful scalping.
Live Results
- The King Robot’s live account results have been verified by Myfxbook.
- Although the account has only been active for a few months, the early performance shows promise.
- Keep in mind that past results do not guarantee future performance.
You can check more on –
Download Links
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- Website: King Robot EA V4.27 Download
- Telegram Channel: YoForexRobot Telegram
- Download the EA from our website: https://www.forexfactory.cc/
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