Introduction
In the ever-evolving world of forex, traders are constantly looking for tools that automate repetitive tasks while maintaining precision and consistency. Lion King EA V2.0 MT4 aims to answer that call. Built specifically for the M5 timeframe, this Expert Advisor delivers automated strategies across XAUUSD, GBPUSD, EURUSD, AUDUSD, and USDCAD—five of the most liquid and popular instruments among retail and professional traders alike. Whether you’re new to algorithmic trading or a seasoned EA veteran, Lion King EA offers a blend of flexibility, risk management, and performance that’s hard to match.


Overview of Lion King EA V2.0
Lion King EA V2.0 is the second major release of the Lion King series, developed to refine its predecessor’s core strategies and introduce advanced money-management protocols. The EA analyses real-time price action patterns on the M5 chart, detecting high-probability entries and exits based on proprietary algorithms. Its modular design means you can enable or disable individual features—such as dynamic lot sizing, spread filters, or news avoidance—depending on your risk tolerance and broker conditions.


Lion King EA V2.0


Supported Currency Pairs



  • XAUUSD (Gold vs. US Dollar)

  • GBPUSD (British Pound vs. US Dollar)

  • EURUSD (Euro vs. US Dollar)

  • AUDUSD (Australian Dollar vs. US Dollar)

  • USDCAD (US Dollar vs. Canadian Dollar)


Each pair has optimized parameters under the hood to adapt to its unique volatility profile.


Timeframe & Strategy
Operating exclusively on the M5 (five-minute) timeframe, Lion King EA V2.0 capitalizes on micro-trends and short-term market inefficiencies. Its core strategy combines:



  1. Trend Identification: Uses moving average crossovers and momentum oscillators to confirm trend direction.

  2. Volatility Breakouts: Detects consolidation zones and executes breakout trades when volatility surges.

  3. Dynamic Trailing Stops: Adjusts stop-loss levels in real time to lock in profits as price moves favorably.

  4. This multi-pronged approach ensures that the EA isn’t overly reliant on one market condition; it can adapt to trending, ranging, or volatile environments.


Minimum Deposit & Requirements
Lion King EA V2.0 is designed for both micro and standard accounts. While the EA can run on as little as $100 per pair (total $500 across all five pairs), a $1,000 account balance is recommended to allow for proper drawdown coverage and position scaling. Key broker requirements include:



  • MT4 Compatibility: Any broker offering MetaTrader 4.

  • Low Spread Environment: Maximum spread of 2.0 pips on forex pairs and 5 USD on XAUUSD.

  • Instant Execution: No re-quotes or excessive slippage.


Key Features



  • Flexible Lot Sizing: Supports fixed lots, percentage of balance, or equity-based lot calculation.

  • News Filter: Automatically pauses trading during high-impact economic events.

  • Session Timer: Restricts trading to your preferred market sessions (e.g., London open).

  • Equity Protection: Closes all positions if drawdown exceeds a preset percentage.

  • Multicurrency Support: Trades up to five pairs simultaneously, diversifying risk.

  • User-Friendly Interface: Easy-to-navigate settings panel with tooltips for each parameter.


Risk Management
Risk control is at the heart of Lion King EA V2.0. By default, the EA uses a 1% risk per trade model, but you can adjust this down to 0.1% or up to 3% depending on your comfort level. A hard-coded “max drawdown” feature closes out all open trades if your account suffers a decline greater than the threshold you set—protecting your capital during extended losing streaks.


How to Install & Setup



  1. Copy Files: Place LionKing_V2.ex4 into your MT4 Experts folder.

  2. Attach to Chart: Open an M5 chart for each desired pair, then drag the EA onto the chart.

  3. Configure Settings: Set your lot sizing, risk level, session times, and enable/disable optional filters.

  4. Enable Auto-Trading: Click the “AutoTrading” button in MT4 to allow the EA to execute orders automatically.


A detailed user manual is included in the download package, walking you through each parameter with annotated screenshots.


Lion King EA V2.0


Recommended Settings



  • Risk Percentage: 1%

  • Max Spread Filter: 1.5 pips (forex), 4 USD (XAUUSD)

  • Trading Sessions: London + New York overlap (08:00–12:00 GMT)

  • Slippage Tolerance: 3 pips

  • News Filter: Enabled for high-impact events


These settings offer a balanced risk-reward profile, suitable for both part-time and full-time traders. You can experiment by gradually increasing risk to 1.5% once you’re comfortable with the EA’s performance.


Pros & Cons


            Pros                                                                       Cons
Diversified across 5 pairs                           Requires careful broker selection
Advanced risk management features       May underperform in extremely low-vol markets
Modular and highly customizable            Needs periodic optimization for spread changes
Beginner-friendly interface                       M5 timeframe can be sensitive to spikes


Conclusion & Call to Action



Lion King EA V2.0 MT4 brings together sophisticated algorithms, robust risk controls, and ease of use into a single package. If you’re seeking an all-in-one solution for automated M5 trading across gold and major forex pairs, this EA reigns supreme. Ready to experience the power of the Lion King? Download your free demo today and see how it transforms your trading routine.


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Happy Trading