a masterpiece EA: the King

cengiz balta

Mar 20, 2017
Hello friends, i've completed my algo development and starting managed funds. for startup capital, i decided to sell some valuable pieces, for startup capital.

The King EA

A masterpiece. Includes 8+ years of EURUSD experience, including AI and ecocomics. Aware of europe and us banking sessions and take care of each session's individual trend.

This expert advisor tries to collect 5-6 pip targets during a trend. Trend is determined using some smoothed moving averages.

Trade decision is made by some standart indicators like Stochastics, ATR and CCI. Decisions are made at bar openings.

Some special time and price filters applied, to eliminate critical trades. Aware of major news, exits from the market, before a critical news released.

S‌ince noise (here major news and parts of eu/us bank sessions) is eliminated from the signal, expected to be compatible with forward data continiously.

  • Pairs:EUR/USD, GBP/USD
  • Trade Style:Trend scalper
EA Parameters:

  • TakeProfit:Target pips for each order. Default: 5.5 pips
  • StopLoss:Stop loss value for each order. Default : 70 pips
  • Risk:Defines leverage used for each order. Default: x25
  • LotFixed:if Risk is set to zero, ea trades using fixed lot parameter. Default: 1
  • RuHourBack:if your MT4 terminal hour is back from original MetaQuotes MT4 hour, use this parameter. example: if your MT4 terminal hour is back 1 hour from MQ MT4, you should set RuHourBack=1 (EA avoids to trade at some critical hours).
Technical Details:

  • Broker Selection:ECN brokers with max 0.7 pip EUR/USD, 0.9 pip GBP/USD spreads should be preferred
  • Testing:You can test this EA, using M1 every tick mode. All timeframes are hard coded internally. M15 test/run matches with M1 every tick test/run.
Unique Properties:

  • Price independent parameters: Heavy economy knowledge included.
  • Awareness of critical times:Dynamically decides critical times (major news) and exits from the market.
  • Time discretization:To force MQL4 strategy tester, fully compatible with future tests/run, some discretization methods used. (M1, M5, M15 tests with all options are almost equal. This make backtests stable and compatible with forward tests).




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