The Alpha Striker SMC King EA is a Forex trading robot designed to utilize Smart Money Concepts (SMC)—a method for analyzing price action by focusing on the behavior of large institutional traders. By integrating SMC principles, this EA aims to align individual traders’ strategies with those of institutional market movers, enhancing the probability of profitable trades.
Key Features of Alpha Striker SMC King EA
- Prop Firm Compatibility: The Alpha Striker EA is designed specifically to meet the risk and performance standards often required by prop trading firms.
- No Martingale Strategy: Unlike many automated trading systems that use high-risk strategies like Martingale, this EA deliberately avoids such approaches, opting for safer trading practices.
- 3% Daily Drawdown Limit: Effective risk management is central to the Alpha Striker EA, which is programmed to cap the daily drawdown at 3%. This feature protects traders’ accounts from significant losses and is particularly beneficial for prop firm traders, where strict drawdown limits are enforced.
- Trend-Following Strategy: The EA uses a trend-following approach, focusing on identifying and trading in the direction of the market’s prevailing trend. This approach leverages the principle that markets often move in trends, which can provide profitable opportunities when accurately followed.
- Order Block Entries: Order blocks are critical price levels where large institutions place substantial orders. The Alpha Striker EA is designed to enter trades at these key points, aligning with institutional movements to enhance trade precision and effectiveness.
Recommendations for Using Alpha Striker SMC King EA
Minimum Account Balance: A minimum starting balance of $500 is recommended to support the EA’s trading strategy.
Optimal Currency Pairs: The EA performs best on pairs like GBPUSD, AUDUSD, EURGBP, USDCAD, AUDNZD, and EURUSD, though it can be used with any currency pair. 
Best Time Frame: It is optimized for the M15 time frame but can operate on other time frames as well.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
