EA King Robot MT4 v6.11 (Source Code MQ4)
The King Forex EA employs a strategy that is both simple and effective. It sets a take profit level of one dollar and a stop loss of 60 pips, resulting in a profit target of 10 pips. This straightforward approach makes it easily graspable, even for traders who are just starting out in the forex market.
The logic behind this strategy is to aim for a relatively small profit target while limiting potential losses. By targeting just 10 pips of profit, the EA aims to capture quick gains in the market without exposing the trading account to substantial risks. The 60-pip stop loss provides a safety net, ensuring that losses are kept within a predefined limit.
https://www.myfxbook.com/members/leapfx/king-robot/10143391
Source Code MQ4
The King Forex EA employs a strategy that is both simple and effective. It sets a take profit level of one dollar and a stop loss of 60 pips, resulting in a profit target of 10 pips. This straightforward approach makes it easily graspable, even for traders who are just starting out in the forex market.
The logic behind this strategy is to aim for a relatively small profit target while limiting potential losses. By targeting just 10 pips of profit, the EA aims to capture quick gains in the market without exposing the trading account to substantial risks. The 60-pip stop loss provides a safety net, ensuring that losses are kept within a predefined limit.
https://www.myfxbook.com/members/leapfx/king-robot/10143391
Source Code MQ4