Forex Grid King Expert Advisor

Forex Grid King Expert Advisor review:

Grid King is a revolution in grid trading.  The main focus when developing the EA was safety, by eliminating the margin-call risk which is usually associated with most grid systems on the market.  It also strives to achieve much higher returns than the average grid system, by spreading risk amongst multiple pairs and strategies which all have a limited effect on the account-equity.  Where almost all grid systems will blow your account when things get bad, Grid King will only take a small loss and recover very fast.  More details about this in the blog.

The EA has been stress-tested for a period of 19 years and passes all those years succesfully without any high drawdown. (*Please use recommended accountsize guidelines -> see below)

The EA is also already optimized for 29 pairs!

Key Characteristics:

  • Minimum recommended starting capital: 500$ (using cent account)
  • very stable growth curve as result of smart averaging techniques
  • “safety first” approach in development
  • optimizable for any market
  • ONLY grid-system on the market that passes 18 years of stress-tests on historical data on multiplepairs
  • fully automatic
  • Not sensitive to spread, commission, or account type, but ofcourse a low spread ECN broker will work better and is recommended!
  • Optimized pairs: EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDNZD, EURCHF, AUDCAD, AUDJPY, GBPCHF, AUDCHF, CHFJPY, CADJPY, CADCHF, GBPCAD, NZDCAD, NZDJPY, NZDCHF, GBPNZD, EURNZD, GBPAUD and XAUUSD
  • You can use the same magic numbers on different pairs.  But the 2 different strategies must use 2 different magicnumbers
  • One of a kind S.E.A. (Spread Equalizer Algorithm), which greatly improves stability for bigger spreads and slippages
  • Easy Setup: With the OneChartSetup, you can run all pairs from a single chart!

Recommended Setup:

  • Enable autosettings and run only the optimized pairs
  • run only on H1 timeframe
  • Run 1 chart for each pair or use the OneChartSetup to run all pairs from 1 chart.
  • Use  leverage of 1:300 or bigger.  The EA will need enough free margin from time to time, so a high leverage is necessary.
  • works on all brokers (non FIFO only for now)
  • All account types are ok (standard, ECN, STP, Micro)
  • As with any EA, it is recommended you run it first on a demo account to get to know the trading style of the EA
  • Recommended to run on accounts nominated in EUR or USD for best performance of AutoSafety feature.

Test results:

Forex Grid King Expert Advisor

Parameters:

  • Trade Buy – allow the adviser to buy.
  • Trade Sell – allow the adviser to sell.
  • Open new series – on/off start of a new series upon completion of the current.
  • Start lots – start lot.
  • Use Money Manadgement – on / off use of automatic lot calculation.
  • Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lot.
  • Maximum Lot – maximum lot.
  • TP – take profit, in pips.
  • Close TP – close take profit by ticks or at the opening of a bar.
  • Level of Take Profit – take profit calculation from the average price or from the last order.
  • SL -stop loss, in pips from the first order.
  • Close SL – close the stop loss by ticks or at the opening of the bar.
  • MaxOrders– maximum number of orders.
  • Maximum spread – the maximum spread at which the adviser is allowed to work.
  • Start hour, Stop hour – time for opening the first order.
  • Magic EA – is the number that the EA assigns to its orders.
  • ССI and ATR settings – further CCI and ATR indicator settings.

Download our other Free Forex Robots For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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