RED King (EMA) MT4 Expert advisor ™ TheForexKings

SKU 00155
€29.00
In stock
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Product Details

RED King MT4 Expert advisor by TheForexKings

We like to call this system a liquidation model. The goal is to turn losers to winners without excessive risk. RED king reminds us of old crafty fighter with many tricks in his sleeve. The system will fight for each position, using scalping, limited averaging and hedging. It will fight hard to try to turn position into winner, but at the same time, it will not die in the ring. The system is able to humbly accept defeat, but only after using every trick in the book to win.

RED King uses scalping and averaging in the direction of trend. Instead of accepting the loss one the trade fails, EA will look to switch trading direction with hedging. Losing positions in previous direction will be overcompensated and EA will attempt to close all existing trades in profit. Loss will be accepted only when second level (hedging) trade fails. This approach ensures ultra high winning rate and consistent profits in favourable market conditions. Learn more about the strategy behind this MT4 Expert advisor: RED king forex strategy

How does it work

Trend is defined by exponential moving averages. Scalping takes place in the direction of trend. Once initial entry fails but trend is still valid - system will open averaging trades according to exponential function. Once EMA trend reverses RED King will hedge (and overcompensate) existing trades in the new market direction. All existing trades will be closed in overall profit. Loss will be accepted only when second level hedge trade fails.

Learn more about the strategy behind this MT4 Expert advisor: RED king forex strategy

Get FREE (Demo) version of RED King MT4 EA.

Inputs in Expert advisor


  • A filter: Must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa.
  • Price confirmation: Price must close above the EMA tandem for long entry. Price must close below Ema tandem for short entry.

First level trades:

  • No trade exists in opposite direction.
  • Averaging module: If trade exists (in same direction), new trade can only be opened if overall account profit is less than: -(negative)Avg intervaL*LOTSIZE*(EXPONENTIAL FUNCTION*NUMBER OF OPENED TRADES PER THAT SIDE). Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates.
  • MAX number of trades (5 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of first level trades that can be opened per side at the same time. Expert will open more than one trade per side according to averaging condition.
  • Closing module: Expert will close all existing trades at once as soon as the overall account profit reaches target profit/max loss. Use only on one currency per account and do not open any other positions. Modify targets proportionally with lotsize (in account currency).

Second level trades (hedge and overcompensate):

  • First level trade exists in opposite side. Primary trades remain open as the trend reverses. Expert will now enter second level trades in opposite direction with increased lotsize and number of trades. Aveeraging conditions are omitted.The goal is to ovecompensate for existing loss and close all trades in overall profit. Once the second level trade fails, we accpet loss (trend reverses back to primary trade direction).
  • Level 2 multiply: Multiply the lotsize for second level trades. Hedge and overompensate for losing trades existing on opposite side.
  • Number of trades multiply: Multiply the number of max allowed first level trades. This step allows adding to the winner and averaging for hedging trades with increased but controlled agression.
  • Closing module for second level (hedging) trades: All existing trades are closed either in overall account profit or loss (max loss) according to first level closing module, or at the new trend failure. If new trend fails all existing hedging trades will be closed once we recieve valid signal to enter the trade in previous market direction.
  • MAX loss: If account loss falls below this value all existing trade will be closed (add minus (-) before the value). This value should be high enought to be reached only by the second level trades.
  • Magic number buy/sell: Not applicable in this expert advisor. Do not use on more than one currency per account and do not open any other trades (expert is closing trades based on equity).
  • Lotsize: Define lotsize for primary trades. It will be multiplied at second level.

Forward test



Test was discontinued after 5 months due to the server malfunction. First level trades have remained in open (they would have been liquidated in profit according to EA rules). Set file with used inputs is part of the purchase.


Rules of the expert advisor

First level trades:

SELL:


  1. No long trade exists.
  2. EMA fast trending below EMA slow. Downtrend is present in the market. Enter short only.
  3. Price closing below both EMA lines. We enter the trade on candle close (new open).
  4. If trade exists, new trade can only be opened according to the averaging rules. No more trades than max number of trades defined in inputs.
  5. We close all existing trade in overall account profit. If trend reverses expert will start to open the second level buy trades.

BUY

  1. No short trade exists.
  2. EMA fast trending above EMA slow. Uptrend is present in the market. Enter long only.
  3. Price closing above both EMA lines. We enter the trade on candle close (new open).
  4. If trade exists, new trade can only be opened according to the averaging rules. No more trades than max number of trades defined in inputs.
  5. We close all existing trade in overall account profit. If trend reverses expert will start to open the second level sell trades.

Second level trades (hedge and overcompensate)

SELL:

  1. Long trade exists.
  2. EMA fast trending below EMA slow. Downtrend is present in the market. Enter short only.
  3. Price closing below both EMA lines. We enter the trade on candle close (new open).
  4. We multiply the lotsize used in first level trades ( level 2 multiply).
  5. We multiply the max number of opened trades (number of trades multiply).
  6. We close all existing trades in overall profit. If trend reverses expert will close all existing hedging trades. Closing of hedge trade can also be defined by myx loss input ( add minus (-) before the value).

BUY:

  1. Short trade exists.
  2. EMA fast trending above EMA slow. Uptrend is present in the market. Enter long only.
  3. Price closing above both EMA lines. We enter the trade on candle close (new open).
  4. We multiply the lotsize used in first level trades ( level 2 multiply).
  5. We multiply the max number of opened trades (number of trades multiply).
  6. We close all existing trades in overall profit. If trend reverses expert will close all existing hedging trades. Closing of hedge trades can also be defined by myx loss input ( add minus (-) before the value).

Test Results (Control points EURUSD 1H, 2003.01.01 - 2016.11.24)

Conservative: 1 first level trade (no averaging)


Bars in test 86731
Ticks modelled 136095453
Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 2000.00
Spread 10
Total net profit 4086.04
Gross profit 9854.16
Gross loss -5768.13
Profit factor 1.71
Expected payoff 0.85
Absolute drawdown 15.90
Maximal drawdown 630.36 (22.96%)
Relative drawdown 22.96% (630.36)
Total trades 4832
Short positions (won %) 2226 (95.15%)
Long positions (won %) 2606 (95.82%)
Profit trades (% of total) 4615 (95.51%)
Loss trades (% of total) 217 (4.49%)

Aggressive: 5 trades in primary level (averaged)

Bars in test 86731

Ticks modelled 136095453
Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 2000.00
Spread 10
Total net profit 12013.75
Gross profit 35256.41
Gross loss -23242.67
Profit factor 1.52
Expected payoff 0.60
Absolute drawdown 12.38
Maximal drawdown 1570.48 (19.05%)
Relative drawdown 19.05% (1570.48)
Total trades 20153
Short positions (won %) 9775 (73.16%)
Long positions (won %) 10378 (73.18%)
Profit trades (% of total) 14746 (73.17%)
Loss trades (% of total) 5407 (26.83%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

》 Completely developed by professionals at TheForexKings.com
》 Tested on high quality historical data
》 High accuracy testing on EURUSD (1H).
》 Robust, closed candle based testing model
》 100+ Viable inputs combinations for EURUSD pair alone
》 All inputs unlocked: You can adjust and modify all your expert inputs
》 EA can be then applied on any time frame and any currency pair
》 Backtest and optimize strategy for any instrument and timeframe.
》 Trade multiple instruments simultaneously.
》 You can modify all settings at will
》 Transparent expert advisor: No smoke and mirrors
》 Rules are clearly stated and functionality can be easily verified
》 Works with any MT4 Forex broker
》 Expert advisor will not draw any indicators in your chart

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

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