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KING SPREAD FX MULTI EA MT4 – Full Input Settings Analysis
KING SPREAD FX MULTI EA represents an expert advisor (EA) meticulously engineered for automated forex trading within the MetaTrader 4 (MT4) environment. Its primary objective is to deliver consistent profits with minimal user involvement, achieved through the utilization of advanced trading strategies, customizable parameters, and comprehensive currency pair compatibility. Notably user-friendly, it caters to traders of all proficiency levels while seamlessly integrating with the MT4 platform. Renowned for its evidence-backed performance, intuitive interface, and robust risk management protocols, it emerges as a reliable companion for traders navigating the complexities of the forex market.
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Multi Pair Settings
- The EA is set for a maximum of 20 instrument pairs (Strumento 1 and Strumento 2), but it is only possible to use a maximum of 5 pairs at the same time, as defined by the parameter Numero coppie massime possibili = 5.
- Each pair has the following parameters:
- Contratti (lot): Both instruments set at 0.01 lots.
- Points Distanza Overlay and Valore ampiezza minima bande: Both 0 to deactivate spread filtering or Bollinger Band width filtering.
- No preset instrument pair names exist – users must manually add them.
Indicator & Strategy Logic
- Entry Points Based on Bollinger Bands
- The EA uses Bollinger Bands to create entry points based on the following parameters:
- Bollinger Period: 40
- Standard Deviation: 1.0
- Number of Bars: 200
- Overlay chart is deactivated (Utilizza Overlay Chart = false), but Bollinger Bands inside calculations are performed.
- Advanced Options
- Trailing Stop is deactivated (0.0).
Target Valuta is 10 (profit target in currency units), without Stop Loss.
Pyramiding (opening more positions) is deactivated. - EA operates indefinitely, 24/7, from 00:00 to 23:59 in both broker and EA time.
Risk Control & Alerts
- Maximum Drawdown: 5%
- There is no limit on holding trades for any amount of time or on the number of trades that may be executed concurrently.
- The EA possesses a fully implemented alerting system:
- Email, Push Notification, Sound, and Error Notifications are all enabled (set to true).
- Alerts consist of system errors, entering orders, SL/TP events, and order modification.