Lion King EA MT4 – Full Settings Analysis
Lion King EA is a hybrid trading robot that combines manual direction filtering, martingale progression, and time-based logic to execute both Buy and Sell orders simultaneously. With optional stochastic filtering and dynamic lot scaling, this Expert Advisor (EA) is built for high-potential yet controlled grid strategies.
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⚙️ Basic Settings
| Parameter | Value | Explanation |
|---|---|---|
Enable Autolot | OFF | Fixed lot mode is used. No dynamic money management based on balance size. |
Money For Min Lot | 5000 | Used for autolot if enabled: $5000 = 0.01 lots. Currently not in effect. |
Fixed Lot | 0.01 | Base lot size for all initial trades. |
Takeprofit (Point) | 10000.0 | Large TP (1000 pips), typical for long-term grid/martingale systems. |
Stoploss (Point) | 0.0 | No SL is defined, which can increase drawdown risk if not managed. |
Slippage | 3 | Acceptable slippage for order execution in volatile conditions. |
Magic Number | 2025 | Unique ID used to identify EA’s trades. |
🔁 Directional Trade Filters
| Parameter | Value | Explanation |
|---|---|---|
Only Buy | true | Allows Buy trades. |
Only Sell | true | Allows Sell trades. |
🟠 Note: Having both true may override the “only one direction” logic—ensure these are toggled correctly to avoid duplicate direction trading. |
🕒 Time-Based Trade Window
| From (1 = All Time) | 1 |
|---|---|
| To (1 = All Time) | 15 |
| This time filter may be used to allow trades during a specific candle range or session—implementation depends on EA logic. If it uses hourly control, it means it trades from hour 1 to hour 15 (1AM to 3PM server time). |
📈 Martingale Configuration
| Parameter | Value | Explanation |
|---|---|---|
Exp Lot | 1.3 | Each subsequent trade increases lot size by 30%. For example: 0.01 → 0.013 → 0.0169, etc. |
Step Order | 10000 | Distance in points between martingale orders (equivalent to 1000 pips). Helps reduce drawdown in ranging markets. |
🔎 Indicator Filters
Stochastic Shift | 1 | Refers to the shift applied to stochastic input.
Dis Candle | 5000 | Distance in candles to validate a signal or filter (likely historical depth).
🧠 Trade Closure Logic – First & Last Control
Close First-Last | true | Automatically closes the first and last trade in a sequence when profit conditions are met.
From | 7 | Applies logic only when 7 or more trades are open.
Percent First-Last | 4.0 | If 4% profit is reached from the combined first and last trades, EA triggers closure.
✅ Strengths of Lion King EA
- Custom Direction Control: Can isolate Buy/Sell orders for trend-based strategies.
- Flexible Martingale Logic: Adjustable lot multiplier and trade spacing.
- Partial Exit Strategy: First-last profit targeting helps reduce drawdown.
- Manual Indicator Use: Stochastic and candle-based filters available for entry refinement.
⚠️ Risks & Recommendations
- High Take Profit + No SL: Suitable only for ranging or trend-cycling markets. Not recommended during strong, one-way price action.
- Martingale Risk: Needs proper monitoring, VPS hosting, and backtesting.
- Fixed Lot Size: May reduce profit potential on larger accounts unless Autolot is enabled manually.
📌 Conclusion
Lion King EA MT4 is a customizable grid-style Expert Advisor with direction filtering, martingale scaling, and controlled exit logic. Best suited for sideways or slow-trending markets, it performs optimally when combined with accurate signal filtering and strict capital management. Ideal for traders who want flexibility in controlling direction, time, and recovery logic.
