King Scalper V2

Overview of King Scalper V2

• King Scalper V2 is a free automated trading system (EA) designed for scalpers, focusing on quick trades to capture small price movements.
• The EA specifically targets the EURGBP currency pair during the Asian session, leveraging the quieter market conditions for optimization.
• It aims for swift profits using a conservative take profit strategy of only 5 pips, maximizing efficiency in trading.
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Key Features

• **Trend Screener Indicator**: The EA uses the Trend Screener indicator to identify consolidation zones, enhancing decision-making in trade entries.
• **Dual Stoploss Systems**:
  • Protection Stoploss at 30 pips to safeguard against unexpected volatility.
  • Smart Stoploss Exit adapts to market conditions for effective risk management.
• **Optimized Trading Days**: It trades primarily from Monday to Thursday, avoiding typical weekend volatility.
• **Broker Requirements**: Low spread accounts are recommended; brokers such as IC Markets and Pepperstone are ideal for execution.

Performance Insights

• King Scalper V2 has a current rating of 3.21 from 29 user reviews, showcasing a mix of success stories and critical insights.
• Users typically report positive short-term results during the specified trading hours, especially under optimal market conditions.
• Performance may vary significantly based on broker execution speed and spread levels, necessitating careful selection. 🚀

Recommended Settings

• **Currency Pair**: EURGBP
• **Timeframe**: M5 (5 minutes)
• **Minimum Deposit**: Approximately $100 for effective engagement
• **Leverage**: Preferred at 1:100 or 1:500 for better margin management
• **VPS Usage**: Recommended to ensure continuous operation and to mitigate downtime.

User Community and Support

• The developer, Sayadi Achref, is available for support through private messaging, fostering a community of users who can share insights and strategies.
• Continuous updates are provided, ensuring the system adapts to changing market conditions over time.
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