The free ForexKingle EA for Metatrader 4 represents a fully automated Forex scalper robot that trades with the short-term trends.
The expert advisor is well optimized to trade the EUR/USD and GBP/USD currency pairs on the M1 and M5 trading charts.
However, you can test the ForexKingle EA on other time frames and currency pairs as well, preferred low spread pairs.
The MyFXBook statistics shows a +40.27% gain and a $4027 profit on a demo account during the test.
The EA can be used on unlimited trading accounts, both demo and live and should work on any time frame.
Recommended: run the ForexKingle expert on a demo account first over an extended period of time before running it on a live trading account.
The MyFXBook chart below shows the ForexKingle EA trading performance (click on the chart to zoom in).
Monthly profit: +3.61%
The picture below shows the ForexKingle EA attached to the EUR/USD 5-minute chart.
Download This Expert Advisor (MT4)
General Information & Recommendations
- Optimized for the EUR/USD and GBP/USD
- Optimized for the M1 and M5 time frame
- Recommended minimum account balance: $100
- Works on unlimited demo accounts.
- Works on unlimited live accounts.
- Developed for Metatrader 4
EA Input Parameters
Start end hour, start trade, end trade, lots, stop loss, take profit, cycle, magic number
How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)
How do I install the ForexKingle in Metatrader 4?
- Open the Metatrader 4 platform and select “File” from the top menu
- Click on “Open Data Folder” and select the “MQL4” folder
- Click on “Experts” folder and drag and drop the ForexKingle.ex4 file into this folder
- Restart the Metatrader 4 platform and attach the expert advisor to the chart