Is Grid King EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Grid King EA is worth your money or scam.
Table of Contents
About Grid King EA
Grid King EA is a forex robot available on the robot website and MQL5. The creator of the EA is Wim Schrynemakers from Malta. The product has a download of 4483 on demo and a version of 9.6 since March 19, 2021.
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Grid King EA claims to give advantage in the financial market with its expert strategies. Here, it offers forex traders an automatic opening and closing of orders. According to the creator, there is only one copy left for $390 and hope to top the sale next to $790.
Grid King offers an instant cross pairs and a rent options vary 3 months $199, 6 months $249 and a year $299. It claims to operate on MT4 or MT5.
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gridkingea.com: Reasons to Avoid This EA
gridkingea.com is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product. Not providing information about the creator’s trading experience is a turn off.
Grid King EA has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
The trading result presented by Grid King EA does not meet up with the price.
There are lot of risky strategies Grid King EA adopts which may end up bring losses to forex traders.
Grid King EA Trading Strategy
Grid King EA claims to use spread equalizer algorithm which reduces the impact of spread and slippage on the stability. Also, it presents volatility break out that helps to “trade in the direction of strong price movements”.
The vendor presents a return to mean and Grid of orders strategy. For the time frame, it is stated 1H.
Minimum deposit of Grid King EA is $1000. For the leverage is mentioned 1:300 or higher.
Grid King EA Trading Results
Grid King EA shows a back test result on a deposit of $4,000. Total net profit $14,588.84 and profit factor 2. The account shows maximum drawdown of 9.35%.
There are no links to verified live results on myfxbook.com. From our findings, we were able to see a real account with a leverage of 1:300. The account dated for 104 weeks on a deposit of $10,363 shows a maximum drawdown of 36.7% and win rate -61.5%
Conclusion: Is gridkingea.com a Legit Forex Robot?
We say gridkingea.com is not a legit forex robot. The lack of details on important insights is a turn off. EA with promises like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money is a red flag.
To this end, we do not recommend this EA for use for reasons we have mentioned.
If however, you have anything to say, kindly comment on the opinion section.Heading
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