Grid King MT4 / MT5 Expert Advisor online reviews

[Snow Carver]

I found this Grid King review online:

EA review: Grid King - ForexBenchmark

Multicurrency Grid EA with a limited basket size on a impressive count of 29 pairs

forexbenchmark.com

Don't know how often they update these reviews btw.

 

[Open Arms]

Wow....only 2 stars??

 

[TFK]

Their rating used to be higher. They changed it, after their account was blown. 3000 Eur gone.

Their opinion:
The backtests are showing an impressive picture. However, most live accounts seem to struggle in the current market conditions. Even with the lowest risk settings, this EA can produce a drawdown of over 1.500€ for a single basket that end up in a stop loss. In case of 2-3 stop losses in a row, this strategy would need a deposit of over 5.000€. Update: After seeing multiple accounts crashing to -99% within a short period of time, we recommend that you be cautious about this strategy.

 

[Golfer]

I wonder how they tested Grid King for this test.
In a way, it's the multiple simultaneous pairs that give Grid King its natural environment - which can work as a blessing or a curse.
What I see here is a series of individual tests per currency pairs. Also valid results, but I would still trust the diaries in this forum to provide a better test than this.

 

[TFK]

I wonder how they tested Grid King for this test.
In a way, it's the multiple simultaneous pairs that give Grid King its natural environment - which can work as a blessing or a curse.
What I see here is a series of individual tests per currency pairs. Also valid results, but I would still trust the diaries in this forum to provide a better test than this.

At first they were so impressed by the backtests, that they started a live account. Start balance of 3000 EUR.

myfxbook:

Grid King (discontinued) System by Forexbenchmark | Myfxbook

www.myfxbook.com

29 pairs:

 

[Bactrader]

At first they were so impressed by the backtests, that they started a live account. Start balance of 3000 EUR.

myfxbook:

Grid King (discontinued) System by Forexbenchmark | Myfxbook

www.myfxbook.com

29 pairs:
View attachment 331

Perhaps Wim should take another look on the approach of running so many grids under better criteria...using the same algorithm for so many currency pairs is begging for this sort of situation.

 

[Starburst]

Maybe we should write our own Grid King review

 

[I Scream]

Maybe we should write our own Grid King review

I think the Grid King Trading diaries are even better than a review :

FX Trading Diary - GRID KING Diary of a total newbie

GRID KING Diary of a total newbie OK people, so I decided to start a Diary of my Grid King journey 😇😎🤓😃😨😳😱😂🙂😛!!!! I have no idea how this is going to roll...but I am full of optimism :D :D !!!! Let's see how this goes!!

forextoforum.com

 

[Golfer]

Maybe we should write our own Grid King review

Go for it

 

[whisquer]

At first they were so impressed by the backtests, that they started a live account. Start balance of 3000 EUR.

myfxbook:

Grid King (discontinued) System by Forexbenchmark | Myfxbook

www.myfxbook.com

29 pairs:
View attachment 331

A 3k account in my view is insufficient to run GK (unfortunately), it may be OK for 1 pair but if you run all pairs on that amount, even at ultra conservative grid step %, you could be asking for trouble.

 

[Corny]

A 3k account in my view is insufficient to run GK (unfortunately), it may be OK for 1 pair but if you run all pairs on that amount, even at ultra conservative grid step %, you could be asking for trouble.

Completely agree with you on this...3k for all the pairs is simply crazy!!!! If you have 5 or 6 pairs turn against you.....that's it!! Those 3k will not hold.