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Lion King EA is an MT4 expert advisor that looks for price peaks and bottoms and trades with the trend on M5. It includes auto lot sizing, trading hours, drawdown protection and an on-chart control panel.
Get one message the moment it launches, with its price.
Lion King EA is a fully automated expert advisor for MetaTrader 4. It reads price action to find local peaks and bottoms, then opens trades in line with the prevailing trend. It also offers several tools for managing exposure when price moves against open positions.
The core logic searches for swing highs and lows on the chart and uses them, together with trend direction, to decide when to open buy or sell orders. When the market moves against the position, the EA does not simply wait. It includes a function that closes the highest and lowest open orders according to profit ratios, which is meant to lower the overall drawdown. A dynamic step function also widens the distance between new orders as the sequence grows.
Because orders can build up in a losing direction, you should understand how many positions the EA may open and what that means for margin on your account.
The EA is built for the M5 chart. The developer points to major forex pairs such as EURUSD, GBPUSD, NZDUSD, AUDUSD and USDCAD, and it can also be set up for gold (XAUUSD). Gold needs particular care: the take profit, step order and candle distance inputs must be scaled to the number of digits your broker uses, which usually means adding or removing zeros. Cent and standard accounts at the same broker can differ as well, so check your own symbol specification.
Exact defaults can differ between preset files, so check the inputs shown in your terminal rather than relying on a fixed figure.
| Input group | Purpose |
|---|---|
| Autolot | Sizes orders from the account balance |
| Time trade | Limits the hours in which the EA may trade |
| Action protect | Takes protective action when drawdown passes your set limit |
| Takeprofit | Profit distance, scaled to symbol digits |
| Step order | Distance between successive orders |
| Dis candle | Candle distance used by the entry logic |
The developer suggests a fairly large balance, around 5,000 USD or the cent equivalent, and mentions Exness as a tested broker. Confirm the minimum balance, leverage and symbol rules with your own broker before trading live. Begin on a demo account and keep position sizes modest.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Strategies that add to losing positions can produce large drawdowns.
If you use a VPS, repeat these steps on the VPS terminal and keep it connected during market hours.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Markets | Major forex pairs and gold (XAUUSD) with adjusted settings |
| Timeframe | M5 |
| Trade style | Trend following with peak and bottom entries |
| Money management | Auto lot, dynamic step, close first and last orders |
| Account size | Developer suggests a larger balance; check before live use |
| Requirements | Algo trading enabled; VPS recommended for continuous running |
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No. This listing is the MT4 build and runs only in MetaTrader 4. It will not load in MetaTrader 5, so choose the platform that matches your broker account.
The developer designed it for the M5 chart and mentions the major forex pairs such as EURUSD, GBPUSD, NZDUSD, AUDUSD and USDCAD. Gold is possible, but the price-distance inputs must be scaled to your broker's digits. Test on a demo account first.
Distance inputs such as take profit, step order and candle distance are expressed in points. Brokers quote gold with a different number of digits, so the same value can mean very different distances. You need to add or remove zeros so the distances match your broker, and then confirm the result on a demo chart.
Yes, but the EA acts frequently on M5, so an every-tick test is slow. Many users test with open prices only or run it on a demo account. Backtest results do not predict live trading, so treat them as a rough check only.
An EA that checks the market often works best when the terminal stays online. A VPS is a sensible choice, though not required if your computer can stay on and connected.
Lion King EA MT4
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