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Grid King Review: Is It a Scam?

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Grid King

Grid King is a grid-based trading solution to work on Forex and make some profits. The platform to be published was chosen – MQL5. The developer updates the system from time to time.

We have gathered all important information about the system and how it functions:

  • The robot works completely automatically.
  • We can trade on the MT4/5 terminal.
  • There’s a short period of time for the $390 price.
  • The next one will be $790.
  • It performs a Grid strategy.
  • It works with many currency pairs.
  • The system tries to decrease losses and recover after them.
  • It uses Martingale.
  • The advisor was tested on 18-year tick data.
  • It works with 29 pairs.
  • IC Markets is a mentioned broker.
  • The next advice is a VPS service – 4xhosting.
  • “The EA uses a unique Spread Equalizer Algorithm (S.E.A.), which dramatically decreases the impact of spread and slippage on the stability.”
  • “Volatility breakout strategy, where the EA will trade in the direction of strong price movements.”
  • “Return to Mean strategy, where the EA will exploit the fact that price always returns to the mean.”
  • The system should be used only on a hedge account.
  • The minimum deposit is $1000.
  • The robot handles spread, commission, or account types.
  • An ECN account is a good option.
  • The robot works with the same magic number on all cross pairs.
  • There’s “One of a kind S.E.A. (Spread Equalizer Algorithm), which greatly improves stability for bigger spreads and slippages.”
  • It works on the H1 time frame.
  • The leverage should be from 1:300.
  • We have to start using it on a demo account.
  • It’s “recommended to run on accounts nominated in EUR or USD for the best performance of the AutoSafety feature.”
  • The standard account requires $3000 to work smoothly.

Trading strategies and currency pairs

  • The main strategy is a Grid.
  • It executes deals on the H1 time frame.
  • The system allows us to trade with all cross pairs.

Grid King trading statistics

Grid King backtest report

Grid King backtest report

We have a report that unites eleven pairs in the test.  The tick data was from the 2016-2019 period. The modeling quality was 98%. An initial deposit was $3,000. The advisor has obtained $687,906 in total net profit. The risk was medium. The maximum drawdown was 6.65%. The profit factor was 2.81. The recovery factor was 13.77. The robot has executed 7599 orders with 64% of the win rate for shorts and 66% for longs.

Grid King trading results

Grid King trading results

The system was set to trade on the real account. The leverage is 1:300. The chart shows that the system is in trouble quite often. The maximum drawdown is 36.7%. The maximum deposit load is 12.5%. The win rate is only 61.5%. The system has been running for 106 weeks in a row. An initial deposit was €10,363. The absolute growth has amounted to 57.38%.

Grid King trading details

Grid King trading details

There were 508 trading days. An average trade frequency is 106 deals a week. An average trade length is three days.

Grid King growth chart

Grid King growth chart

We may note from the chart that the system has lost many months in a row.

Grid King closed orders

Grid King closed orders

It uses x3 Martingale from time to time.

Grid King trading details

Grid King trading details

The advisor executed 10,706 deals. The best trade was €1895 when the worst trade was €1827. The recovery factor is 1.36. The profit factor is 1.13. It means that the system is almost a scam. An average winning profit is €7.92 when an average loss is €11.17.

Grid King currency pairs

Grid King currency pairs

The robot focuses on trading exotics currency pairs.

Grid King description

Grid King description

The developers mentioned that risks should be 5-19%. It’s insanely high.

Pricing and refund

Grid King pricing

Grid King pricing

The system is available for $390. We are sure that the system is overpriced. The package includes a copy of the advisor, an unlimited number of demo accounts, free updates, and upgrades. The subscription options are available for $199 for three months, $259 for half a year, and annually for $299. We can give it a demo try on a demo account.

What else you should know about Grid King

The system works completely unpredictably. The vendor, it seems to us, doesn’t know how to fix it. It’s a dangerous case.

People feedback

Grid King testimonials

Grid King testimonials

We have a few comments that can’t form an all-around vision about the system.

Grid King Conclusion

2.6

Grid King executes a Grid strategy with mediocre success. The system doesn’t look like a trustworthy trading solution at all. We have no idea if the next month will be profitable or not. The offer isn’t supported by a refund policy. So, the system is not an option to invest in.

  • Price - 4/10
  • Strategy - 2/10
  • Trading Results - 2/10
  • Vendor Transparency - 3/10
  • Customer Reviews - 2/10
  • Support - 3/10

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