King Scalper V2 EA MT4 – Free Download

King Scalper V2 EA Review

In the ever-evolving landscape of forex trading, staying ahead of the curve requires cutting-edge strategies and tools. One such tool that has gained prominence is the King Scalper V2 EA – a versatile trading strategy designed to navigate the complexities of the forex market. In this comprehensive guide, we will delve into the key features, working mechanisms, and the intricacies of setting up the EA for optimal performance.

Key Features

1. Scalping Strategy for Diverse Markets King Scalper V2 EA boasts a scalping strategy that adapts seamlessly to various currency pairs, metals, and indices. This versatility allows traders to diversify their portfolios and capitalize on opportunities across different markets.

2. ECN Account Compatibility Designed to work with ECN (Electronic Communication Network) accounts, the EA ensures efficient and direct interaction with liquidity providers. This compatibility enhances trade execution speed and reduces the likelihood of slippage.

3. Minimum Deposit Requirement With a modest minimum deposit of $500, King Scalper V2 EA opens doors for both experienced traders and newcomers to participate in the forex market. This accessibility promotes inclusivity and widens the user base.

4. Integrated Money Management Principles The EA incorporates robust money management principles to safeguard the trader's capital. This includes features such as autolot and manuallot, allowing users to customize their risk exposure based on their comfort levels.

Technical Specifications

Version: 6.0

Best Brokers List

King Scalper V2 EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

King Scalper V2 EA Settings

To maximize the EA's performance, users can customize various settings. Here's a breakdown of the essential parameters:

1. Autolot and Manuallot: Tailor your position sizes automatically or manually, depending on your risk tolerance.

2. Risk Management: Adjust the risk level to align with your risk-reward preferences.

3. Take Profit and Stop Loss Parameters: Choose from FirstTakeProfit, SecondTakeProfit, ATRtakeprofit, and ATRstoploss to optimize your profit targets and risk mitigation.

4. Maximum Drawdown Stop: Set a maximum drawdown limit to protect your capital during adverse market conditions.

5. MaxOrders: Control the number of concurrent orders to manage exposure effectively.

6. Close All Position and Magic Number: Utilize these features to close all open positions and assign a unique identifier to trades.

7. Signal and Signal2: Customize your entry and exit signals based on your trading strategy.

8. Time Management: Define your trading timeframes, work hours, and time constraints to align with your preferred trading schedule.

How It Works

King Scalper V2 EA employs a sophisticated two-fold approach to identify and execute high-probability trading opportunities.

Candlestick Pattern Recognition

The EA scans the market for specific candlestick patterns that signal potential trend reversals. By focusing on these patterns at the end of a trend, the algorithm aims to anticipate market shifts accurately.

Trend Detection Techniques

To validate potential trade setups, the EA utilizes advanced trend detection techniques. This step enhances the precision of trading decisions by confirming the likelihood of a trend reversal.

News Filter Integration

Market volatility often surges during high-impact news events. King Scalper V2 EA includes a robust news filter that avoids trading during these periods, preventing unnecessary exposure to unpredictable market movements.

In Conclusion

King Scalper V2 EA stands as a powerful ally for traders looking to navigate the intricate forex landscape. By combining a versatile trading strategy with sophisticated customization options, this EA provides a robust framework for traders seeking consistent profitability. As with any trading tool, it is essential to thoroughly understand the settings and parameters to tailor the EA to your unique trading style. With King Scalper V2 EA, traders can unlock the full potential of their forex endeavors.

Download King Scalper V2 EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.