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Signal King Simple EA (MT4) — review, price and free alternatives
MT4 expert advisorfree on MQL5by Andri Maulana
Signal King Simple EA is a free MetaTrader 4 expert advisor by Andri Maulana on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Signal King Simple EA — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Andri Maulana
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Signal King Simple EA on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Signal King EA: Master the Market with Precision Tired of complex trading strategies and inconsistent results?
Before you use Signal King Simple EA
What the developer claims
- The Signal King Simple EA (Expert Advisor) is your new command center for automated trading, meticulously engineered for high-performance execution on the volatile Gold market (XAUUSD).
- It's a calculated, self-adjusting system that spots high-probability entry points using a refined Signal King indicator , fortified by crucial momentum, vol.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Signal King Simple EA
Compiled from its public MQL5 listing. FxRobotEasy has not traded Signal King Simple EA; what these notes say about how it works comes from that listing.
Overview
The developer Andri Maulana built this Expert Advisor around a proprietary Signal King indicator and layered confirmation rules to improve entry precision.
The algorithm combines momentum detection, volatility thresholds and multi-timeframe alignment to open trades only when several conditions converge. Signal King Simple EA uses ATR and relative strength measures to scale entries and optional time filters to avoid major economic news. Risk controls include hard stop loss, trailing stop options, and configurable maximum concurrent trades. The EA also supports fixed lot sizing or percentage-based position sizing tied to account balance and a volatility multiplier.
What makes Signal King Simple EA unique is its narrow focus on XAUUSD combined with adaptive risk steps and clear configuration options for brokers and timeframes. Traders should test across different spreads and broker execution conditions to align expected results with account realities.
Risk notes
Signal King Simple EA carries a moderate risk profile due to leverage exposure on gold and the system's tendency to scale positions under higher volatility. The stop loss strategy defaults to fixed protective stops with optional ATR-based dynamic stops to adapt to changing volatility. Position sizing can be set to a conservative percentage of equity per trade or to fixed lot sizes; conservative users should cap risk at 0.5% to 1% per trade. Vulnerabilities include fast, high-impact news events and extended low-liquidity sessions which can widen spreads. A recommended account size of at least $2,000 provides prudent buffer for typical settings used in the shared performance samples.
Listed strengths
- Purpose-built for XAUUSD volatility dynamics
- Multi-timeframe confirmation reduces false entries
- Adaptive money management options included
- Configurable for realistic broker conditions
- Easy MT4 installation and VPS compatible
Worth checking
- Performance sensitive to spread and slippage
- Requires hands-on parameter tuning initially
- Not suitable for ultra-low capital accounts
Setup
Install the Signal King Simple EA by copying the EA file into the MT4 Experts folder and the indicator files into the Indicators folder, then restart MT4. Attach the EA to an XAUUSD chart on H1 or H4 and enable automated trading. Key parameters to configure include risk percent, maximum concurrent trades, ATR multiplier, and spread/slippage limits. Use brokers offering tight spreads on gold and low requotes, preferably ECN or STP brokers with competitive commissions.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Signal King Simple EA or GoldStrike AI?
| Signal King Simple EA | GoldStrike AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Andri Maulana | FxRobotEasy |
Signal King Simple EA — questions
What is Signal King Simple EA?
Signal King Simple EA is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Andri Maulana, and it is listed at no charge. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Signal King Simple EA use?
The algorithm combines momentum detection, volatility thresholds and multi-timeframe alignment to open trades only when several conditions converge. Signal King Simple EA uses ATR and relative strength measures to scale entries and optional time filters to avoid major economic news. Risk controls include hard stop loss, trailing stop options, and configurable maximum concurrent trades. The EA also supports fixed lot sizing or percentage-based position sizing tied to account balance and a volatility multiplier.
Does Signal King Simple EA work on MT4 or MT5?
Signal King Simple EA runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Signal King Simple EA free to download?
Yes -- Signal King Simple EA is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-12-24. The file is downloaded from the developer's (Andri Maulana) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Signal King Simple EA?
FxRobotEasy has not traded Signal King Simple EA on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Signal King Simple EA elsewhere comes from its developer or from a third party.
How is Signal King Simple EA installed and set up?
Install the Signal King Simple EA by copying the EA file into the MT4 Experts folder and the indicator files into the Indicators folder, then restart MT4. Attach the EA to an XAUUSD chart on H1 or H4 and enable automated trading. Key parameters to configure include risk percent, maximum concurrent trades, ATR multiplier, and spread/slippage limits. Use brokers offering tight spreads on gold and low requotes, preferably ECN or STP brokers with competitive commissions. Test the EA first on a demo account for at least 90 days and perform forward testing on a small live account before scaling.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.