Introduction: Trading with The King EA
The world of Forex trading can be a maze, but some tools make it a bit less daunting. One such tool is the trading robot known as The King EA. While I can't help but raise an eyebrow at its rather grandiose name, I appreciate your curiosity in exploring it. Is it the king of forex trading? Well, let's hold our scepticism close and find out.Installation and Configuration
So, you've decided to kickstart your trading journey with The King EA. Good news: as jdelgrande mentioned, the installation is a breeze. Simply buy The King EA, then load it on your chart and voila, you're set to conquer the trading world.Still, remember that even the best tools need some tuning. You wouldn't want your 'king' to go haywire, would you? So, you must understand how to set the inputs correctly for maximum profit. If you're like becard, you'd want to understand different strategies such as hedge and reverse, with or without risk. Rest assured, we'll delve into these shortly.
Experience Using The King EA
There's no denying that there are mixed reviews about The King EA. predictcrude and j73wa are quite satisfied with the EA but highlight the need for a comprehensive manual. On the flip side, sairoong strongly advises against it.So, will it be a gold mine or a dangerous gamble? I say, it largely depends on how you handle it. It offers three strategies: RSI, Hedge and Reverse. The RSI strategy places counter-trend trades when the RSI meets the criteria set in the input settings. The Hedge and Reverse strategies are a bit more complex, but it doesn't hurt to try them.
Tips for Improving
The King EA lacks a magic wand, but it has the potential to improve your trading, if used wisely. You may start with the RSI strategy, then experiment and find what works best for you. Remember, trading is a game of patience, strategy and continuous learning.The King EA Source Code
Before we proceed, let's clear up a small misunderstanding. No, we don't have the original source code of The King EA trading robot from MQL5. What we do have is a code based on its description on MQL5.
Code:
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Ready to take the plunge with The King EA? You can download it from here. Should you have any questions or need further assistance, feel free to ask.Remember, this code is a product of the EASY Trading Team and based on the description of The King EA from MQL5, and we do not sell The King EA. Keep an open mind, and cautiously explore the possibilities it offers. After all, even a king needs an advisor, right?
At the end of the day, remember that the 'true king' of trading is not an EA, but your approach to trading. So gear up, strap in, and let's dive into the world of Forex trading.