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The Last King is an MT5 expert advisor that trades gold (XAUUSD) and a list of forex pairs, indices, oil and crypto symbols on M30. It offers a mode without martingale, a mode with martingale and a loss recovery routine.
Get one message the moment it launches, with its price.
The Last King is an expert advisor for MetaTrader 5 that trades automatically on the M30 chart. It is built mainly around gold (XAUUSD) and works with support and resistance levels, and it can also be configured for a wider list of forex, index, oil and crypto symbols.
The advisor analyses price on more than one timeframe and uses proprietary technical logic to decide when to open and close positions. Support and resistance areas play a central role in how it reads the market. Because the analysis is layered, the program needs more computing time than a basic single-timeframe robot, which you will notice in the Strategy Tester.
The author describes a recovery system that works on open drawdowns and aims to reduce losses during unfavourable moves. Treat it as additional trade management, not as protection. Recovery logic can hold or add to losing exposure, so watch how it behaves in testing before using it on a live account.
The intended timeframe is M30. The author lists these symbols: XAUUSD, EURUSD, GBPUSD, USDCAD, USDJPY, EURJPY, AUDUSD, NZDUSD, USDCHF, DE40, WTI, SP500, BTCUSD and ETHUSD. Each instrument behaves differently in spread, volatility and contract size, so every symbol should get its own settings instead of a copy of another one. Broker symbol names may carry suffixes, so confirm the exact name in Market Watch.
Exact input names and defaults can differ, so open the inputs tab and read each parameter before starting. The table below shows the areas worth checking.
| Area | What to check |
|---|---|
| Trading mode | Whether martingale is on or off, and any multiplier or step limits |
| Lot size or risk | Fixed lot or risk-based sizing relative to your balance |
| Recovery system | Whether it is enabled and how far it can add exposure |
| Symbol and timeframe | Chart set to M30 with the matching instrument preset |
| Deposit | The author suggests about 1000 USD as a minimum; confirm for your symbol and mode |
The author offers tailored settings after purchase. Ask which presets suit your instrument and account size.
Trading carries risk and you can lose part or all of your capital. Past results, including backtests and any shown ratings, do not predict future ones. Martingale and recovery methods can increase losses during extended adverse moves. Test on a demo account first and trade only with money you can afford to lose.
Before going live, run a backtest with good quality tick data, allowing extra time, and follow with a demo forward test on your own broker.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, expert advisor |
| Main market | Gold (XAUUSD) |
| Other symbols | Major forex pairs, DE40, WTI, SP500, BTCUSD, ETHUSD |
| Timeframe | M30 |
| Trade style | Support and resistance based, with optional martingale |
| Suggested minimum deposit | Around 1000 USD; confirm with the author for your symbol |
| Requirements | Algo trading enabled, stable connection or VPS |
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No. This product is an MT5 expert advisor and will not run on MetaTrader 4. You need an MT5 account and terminal from a broker that offers it.
The author lists XAUUSD as the main instrument, along with several forex pairs, DE40, WTI, SP500, BTCUSD and ETHUSD, all on M30. Symbol names differ between brokers, so check that your broker offers a matching instrument and has similar contract specifications.
Martingale raises position size after losing trades, so a losing run can lead to large drawdowns or a closed account. The mode without martingale limits that particular exposure but does not remove trading risk. Test both modes on a demo account first and size your capital conservatively.
The logic uses several timeframes, so the Strategy Tester needs more time than with simple expert advisors. Allow extra time, and use quality tick data if you want a meaningful test. Test results still do not predict live performance.
Copy the files into the MQL5 folder of your terminal through File, Open Data Folder, then restart MT5 or refresh the Navigator. Drag the expert advisor onto an M30 chart of your chosen symbol and allow algo trading.
The author offers setup advice and settings for specific instruments and trading styles after purchase. Check the product page or contact the author for details on what is available.
The Last King
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