King Kong MT4

Advantages of King Kong MT4 Indicator

This indicator functions based on periodic analysis and complex mathematical equations.

It provides exceptional buy and sell zones, along with a middle line that represents the first goal, with additional target areas for greater profits.

One of the standout features of this indicator is its non-repainting nature; once the market opens, its values remain consistent, whether on a daily, weekly, or monthly timeframe.

The King Kong MT4 indicator offers an impressive risk-to-reward ratio, allowing for a very small stop loss combined with significant target opportunities that can reach a 1:3 ratio or even better.

This tool provides monthly trading signals that are scarce yet high-quality, ensuring that traders are alerted to top or bottom market opportunities.

Moreover, users can backtest this indicator easily, allowing for a clear observation of its effectiveness over historical data.

Versatile in its functionality, it works seamlessly across various currency pairs, making it an ideal choice for traders.

Input Parameters

• Periods to Plot: 10 (last 10 periods)
• Weekly: true/false (enables weekly range)
• Monthly: true/false (enables monthly range)
• Yearly: true/false (enables yearly range)
• Num Pivots to Average: 3 (averages the last 3 pivot points)
• Pivot Average: true/false (shows average for the last 3 pivot points)
• Alarm: true/false (sets up trading alerts)
• Predicted Pivot: true/false (displays predicted pivot levels)
• Extreme Support Color: Designates the color of the buy zone
• Extreme Resistance Color: Designates the color of the sell zone

How to Trade with King Kong MT4

No complicated rules – just follow these 3 simple steps!

Step 1: Entry Point

• Enter a buy signal when prices reach the first buy level.
• Enter a sell signal when prices reach the first sell level.

Step 2: Stop Loss

• Exit a buy signal after a breakout above the buy area.
• Exit a sell signal after a breakout below the sell area (not just touching).

Step 3: Set Take Profit

• Option 1: Take profit at TP1.
• Option 2: Partial take profit at TP1 and close the remaining position at TP2.
• Option 3: Take profit on the opposite signal or ride the trend until it reverses.