King Pro Firm expert mt5 gbpusd

KING expert is an excellent Expert Advisor (EA) specifically adapted to trading (GBPUSD) on H1 charts on the MT5 platform. Designed to outperform traditional systems, this EA incorporates PRICE ACTION strategies that are optimized to identify high-probability trading opportunities.

What is a Prop Firm.

Proprietary trading firms, or prop firms for short, are companies that give traders large capital to trade with so traders can make more result without risking their own hard earned capital. In return for this capital, the firms take a cut of the results. Sounds like a win-win, right? You get access to big trading capital without risking your own money, and the firm gets a slice of the results you generate.

Key features:

Traded Symbol: GBPUSD.

This EA continuously analyzes the price movement and when it identifies the best opportunities, it sends a single limited order, thus opening a position.

Every position has a fixed Target and a fixed Stop Loss set from the beginning.

The lot is also calculated and determined automatically from the inputs.

Security Always: This EA is very SAFE, it does NOT use Grid, Martingale or Hedge strategies. All trades have only one entry per trade and are protected by a hard stop loss.

This EA is its very strong RESILIENT to high-impact NEWS (FOMC, FED, Payroll, ECB, BOE, SNB, BOC, BOJ, RBA or RBNZ) or any other abrupt price movements. You don't need to do anything, the EA protects itself.

Recommendations:

Price action trading is about reading what the market is doing, so the expert can deploy the right trading strategy to reap the maximum benefits. In simple words, price action is a trading technique in which a expert reads the market and makes objective trading decisions based on the price movements, rather than relying on other factors. 

Price action is simply how prices change - the action of price. It is most noticeable in markets with high liquidity and price volatility, but anything that is traded freely (in price) in a market will per se demonstrate price action.

Price action trading can be considered a part of the technical analysis, but it is highly complex compared to most forms of technical analysis, and it incorporates the behavioural analysis of market participants as a crowd from evidence displayed in price action.

A price action expert typically observes the relative size, shape, position, growth (when watching the current real-time price) of bars on an OHLC bar or candlestick, starting as simple as a single bar, most often combined with chart formations found in broader technical analysis such as moving averages, trend lines and trading ranges.

TWO ATTEMPTS RULE

The market often revisits price levels where it reversed or consolidated. If the market reverses at a certain level, then on returning to that level, which is referred to as a magnet, the expert expects the market to either carry on past the reversal point or to reverse again. The expert takes no action until the market has done one or the other.

PULL-BACK

DOUBLE TOP AND DOUBLE BOTTOM

When the market reaches an extreme price, it often pulls back from the price only to return to that price level again. In the situation where that price level holds and the market retreats again, the two reversals at that level are known as a double top bear flag or a double bottom bull flag, or simply double top / double bottom and indicate that the retrace will continue.

This expert also uses a basket of indicators as a basis, the main one being a unique and exclusive indicator, created and optimized by the developer.

How to install:

If you want to customize, there are these parameters:

I am committed to continuously optimize and improve all my EAs to give you and me the best possible trading experience. You will receive all UPDATES for FREE and I will also add new features to the EA based on customer suggestions.

If you have any questions or need help, please contact me.

Download now and enjoy this powerful EA.