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KING SNIPER EA MT4 – Full Input Settings Analysis
King Sniper EA is a fully automated Expert Advisor to trade Forex effectively, which was developed based on key price level breakouts and with an adaptive Stop Loss. This system includes custom settings for Stop Loss and Trailing Stop Loss, news filtering, and withdrawal management for better trading efficiency.
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General configuration
- Show EA Comments – false
→ Do not display comments on the chart. - Magic Number – 20000
→ Unique EA number to avoid conflict with other Expert Advisors. - EA Comment – (empty)
→ Empty if no special order description needed.
Capital & Volume Management
- Lot Calculation Mode – Use Risk for AutoLot
→ EA calculates lot size based on risk percentage. - Lots (if Use Fixed Lot) – 0.1
→ If fixed lot mode, use 0.1 lots. - Risk (% for AutoLot) – 30.0
→ High risk: 30% of account per trade (very risky with small accounts).
Order management & trailing stops
- Take Profit (in pips) – 30
→ Use take profit of 30 pips. - Stop Loss Mode – AutoSL MODE 1
→ Stop loss automatically using internal algorithm. - Stop Loss (in pips) – 100
→ Max stop loss of 100 pips (used if AutoSL is off or doesn’t work). - Trailing Stop (in pips) – 30
→ Trailing stop activates when profit is 30 pips. - Trailing Step (in pips) – 0.1
→ Trailing stop will move by smooth 0.1 pip steps.
Time & Pending Command Translation
- Max Spread (in pips) – 2.0
→ Max allowed spread is 2 pips – very tight, ideal for low-spread pairs like EURUSD. - Buy Pending Shift (in pips) – 2.7
→ Place Buy Stop orders 2.7 pips above the last high. - Sell Pending Shift (in pips) – 1.7
→ Place Sell Stop orders 1.7 pips below the last low. - Winter GMT Offset – 0
→ Standard GMT time (no offset). - EA Start Hour – 1
→ EA starts trading at 01:00 server time. - EA End Hour – 10
→ EA stops trading at 10:00 – covers the Asian session (Tokyo).