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ALPHA STRIKER SMC KING EA MT4 – Full Input Settings Analysis
ALPHA STRIKER SMC KING EA is an automated trading system developed by Smart Money Concepts that considers risk management through a failure to employ the Martingale method, with a daily drawdown percentage of less than 3%. The EA is flexible, with good performance on multiple currency pairs, and it’s trend-following. The system takes entry at order block points, and there are predefined configuration files (SET files) available. The users also have the benefit of a step-by-step installation guide to ensure ease of use.
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General Information
- Live Funded Mode: true
Enables trading on live accounts. Warning: Use only on tested and stable setups. - Allowed Symbols: 3
Limits the EA to trade on a maximum of three trading pairs or instruments simultaneously. - EA Name: alphastriker SMCKING
The name of the Expert Advisor in the terminal.
Lot Sizing & Risk Management
- Lot Size: 0.01
Initial trade volume – a conservative and new trader-friendly setup. - Stop Loss (SL): 0.0
No stop loss is enabled. Warning: Extreme risk and only to be used where other risk managers (e.g., trailing SL, equity stop) are active. - Take Profit (TP): 4.0
Fixed TP of 4 pips that has been optimized for aggressive scalping systems. - Multiplier: 1.6
Lot size multiplier utilized in martingale or recovery-of-trade systems. High values significantly increase risk. - Use Auto Sizing: false
Disables automatic lot calculation on account balance. The user has to define the lot himself.
Key Takeaways
- Smart Money Concepts Strategy: Emphasizes intelligent money management.
- Risk Management: No Martingale, daily drawdown is less than 3%.
- Currency Versatility: Built for trading with multiple currency pairs.
- Trend Trading Focus: Specially optimized for identifying and tracking trends.
- Order Block Entries: Entry points based on important order blocks.
- SET Files: Predefined configuration files make it easy to use.
- Installation Support: Step-by-step tutorial makes installation simple.