Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
The King Snake Scalper Advisor is designed to effectively trade gold, minimizing risks and maximizing profit potential. It analyzes market conditions, taking into account factors such as support and resistance levels, volatility and trading volume. Thanks to this, traders are able to open and close orders at the optimal time, taking advantage of short-term price fluctuations.
The Advisor does not use artificial intelligence or other fictitious elements, the signals are based on complex algorithmic formulas based on technical analysis and other market data.
Before launching the Advisor, it is necessary to conduct a backtest to evaluate its performance in various market conditions. King Snake Scalper offers individual parameter settings, allowing traders to adapt it to their trading strategies and preferences. This provides flexibility in risk management and allows you to find the most suitable entry and exit points.
Effective use of the Advisor is provided for in compliance with the rules of capital management, which will reduce the likelihood of significant losses. It is important to note that, like any automated system, King Snake Scalper does not guarantee 100% success, and traders should be prepared for market volatility. However, with the right setup and approach, this EA can be a reliable tool in the arsenal of any investor working in the gold market.
Currency pair: XAUUSD (GOLD) is recommended
Timeframe: Any
Minimum deposit: $50.
Account type: Any account type, but it is better to use ECN and Raw spread accounts.
Leverage: Any
Account type: Any
Use a VPS to make the EA work 24/7 (recommended)
Key features:
+ No grid
+ No Martingale
+ No risky money management.
Before using any EA, including King Snake Scalper , make sure that:
Past results are not a guarantee of future profitability (the EA may also incur losses).
The backtests shown (e.g. in the screenshots) are highly optimized to find the best parameters, but therefore the results cannot be transferred to real trading.
This strategy will always use a stop loss, but the execution of the SL still depends on your broker.
The Advisor does not use artificial intelligence or other fictitious elements, the signals are based on complex algorithmic formulas based on technical analysis and other market data.
Before launching the Advisor, it is necessary to conduct a backtest to evaluate its performance in various market conditions. King Snake Scalper offers individual parameter settings, allowing traders to adapt it to their trading strategies and preferences. This provides flexibility in risk management and allows you to find the most suitable entry and exit points.
Effective use of the Advisor is provided for in compliance with the rules of capital management, which will reduce the likelihood of significant losses. It is important to note that, like any automated system, King Snake Scalper does not guarantee 100% success, and traders should be prepared for market volatility. However, with the right setup and approach, this EA can be a reliable tool in the arsenal of any investor working in the gold market.
Currency pair: XAUUSD (GOLD) is recommended
Timeframe: Any
Minimum deposit: $50.
Account type: Any account type, but it is better to use ECN and Raw spread accounts.
Leverage: Any
Account type: Any
Use a VPS to make the EA work 24/7 (recommended)
Key features:
+ No grid
+ No Martingale
+ No risky money management.
Before using any EA, including King Snake Scalper , make sure that:
Past results are not a guarantee of future profitability (the EA may also incur losses).
The backtests shown (e.g. in the screenshots) are highly optimized to find the best parameters, but therefore the results cannot be transferred to real trading.
This strategy will always use a stop loss, but the execution of the SL still depends on your broker.
