King Sniper EA MT4 1420+

This fully automated Expert Advisor is designed for trading the GBPUSD currency pair and works seamlessly with default settings, eliminating the need for additional adjustments.

It operates on the M15 timeframe, employing a straightforward strategy based on breaking key levels, with a focus on quick scalping. Unlike complex systems, it avoids AI and machine learning, relying solely on simple price mechanics.

The EA features an adaptive Stop Loss, where the size adjusts automatically based on built-in algorithms, with AutoSL MODE 1 recommended for optimal results. It also includes GMT Offset settings, preset to 2 by default, which aligns with popular brokers like IC Markets and typically requires no modification. For any configuration doubts, feel free to contact me for detailed guidance.

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$19.99

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Description

What is King Sniper EA

King Sniper EA MT4 is a fully automated Mt4 Forex trading robot tailored for the GBPUSD pair. Suitable for both novice and experienced traders, it utilizes an adaptive Stop Loss mechanism, avoids high-risk strategies such as martingale, and works efficiently on the M15 timeframe with its default settings.

About Author

King Sniper EA MT4 is a fully automated Forex trading robot tailored for the GBPUSD pair. Suitable for both novice and experienced traders, it utilizes an adaptive Stop Loss mechanism, avoids high-risk strategies such as martingale, and works efficiently on the M15 timeframe with its default settings.

MQL5 Reports

MQL5 Signal Reports

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Growth:169.55%

Profit:33.91 USD

Equity:53.91 USD

Balance:53.91 USD

Initial Deposit:20.00 USD

MyFxBook Signal Report

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Key Takeaways

Automation: King Sniper EA is a completely automated trading system designed to execute Forex trades with high efficiency and minimal manual intervention.
Trading Strategy: The EA focuses on key price level breakouts and incorporates an adaptive Stop Loss feature to enhance risk management.
Customization: It offers adjustable options for parameters like Stop Loss, Trailing Stop Loss, and more, allowing traders to tailor the settings to their unique trading style.

Setting / Features

Choose a broker with low spreads (0-3 points on 5-digit accounts).
Start testing on a demo account or with a minimum lot size.
Activate the EA before the StartHour, specifically before 4 a.m. (when WinterGMT = 2).
Test on the same broker you plan to trade with, as results may vary across brokers.
Use an ECN account like Pro, Raw Spread, or Razor for optimal performance.
Recommended settings:
- Currency pair: GBPUSD
- Timeframe: M15
Use a VPS server for consistent operation.
Set leverage to 1:100 or higher.

For lower leverage, adjust the Risk/Lotstep settings in AutoLot mode.

Pros and cons

Pros:

Fully automated, requiring minimal manual input.
Focused on key price level breakouts for effective trading.
Adaptive Stop Loss enhances risk management.
Customizable settings for Stop Loss and Trailing Stop Loss.
Works efficiently on the M15 timeframe with default settings.
Avoids risky strategies like martingale.

Cons:

Limited to the GBPUSD pair, reducing versatility.
Requires a minimum deposit and leverage setup for optimal performance.
Success may depend on market conditions and broker compatibility

Are you not satisfied? – Try another profitable King Sniper

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Scalping Strategy: Optimized for fast-paced trading on the M1 and M5 timeframes.
Risk Management: Includes adaptive Stop Loss and customizable lot sizes to manage risk effectively.
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Versatility: Supports multiple currency pairs and timeframes, making it adaptable to various trading styles.
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Each of these Expert Advisors offers unique advantages, catering to different trading needs and preferences. Whether you aim for scalping, AI-driven trades, or versatility, these tools provide opportunities for profitable trading.