ForexKingle EA: A Scalper Robot for Short-Term Trends
Overview
The ForexKingle EA is a fully automated scalper robot It specializes in trading short-term trends and aims for consistent profits. Here are the essential details:
1. Strategy and Trading Pairs
- Strategy: The EA identifies short-term trends and executes trades accordingly.
- Optimized Pairs: The ForexKingle EA performs best on the following currency pairs:
- EUR/USD
- GBP/USD
2. Minimum Deposit
- Recommended Minimum Account Balance: $100 (or higher for better risk management)
3. Time Frames
- Optimized Time Frames: M1 (1-minute) and M5 (5-minute)
- Additional Testing: You can also test the EA on other time frames to find the best fit.
4. Performance Statistics (Demo Account)
- Gain: +40.27%
- Monthly Profit: +3.61%
- Drawdown: 15.79%
- Profit: $4027.02
5. Expert Advisor Input Parameters
- Adjust these settings to fine-tune the EA’s behavior:
- Start and End Hour: Define the trading window.
- Lots: Set the position size.
- Stop Loss and Take Profit: Manage risk and reward.
- Cycle: Control trading frequency.
- Magic Number: Unique identifier for trades.
6. Installation Steps
- Open Metatrader 4.
- Click File > Open Data Folder.
- Navigate to the MQL4 folder.
- Inside the Experts folder, place the ForexKingle.ex4 file.
- Restart Metatrader 4 and attach the EA to your chart.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Additional Resources:
Instant Download: https://www.fxcracked.org/product/forexkingle-ea-mt4/
Contact: https://t.me/yoforexrobot
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