Introduction
The trading robot Grid King has been making waves with its unique grid system approach. With a user rating of 4.12 and plenty of positive reviews, it's time to dive deep into its functionality, performance, and whether it truly lives up to the hype. As a professional programmer and trader from EASY Trading Team, I’ll provide a detailed analysis devoid of unnecessary praise but with a pinch of sarcasm and a smirk.Description of Functions
Grid King is marketed as an advanced grid trading expert advisor (EA) that aims to minimize risks typically associated with grid systems. Here are its key features:- Multi-Currency Approach: It allows trading on multiple currency pairs simultaneously.
- Adjustable Risk Levels: Users can choose between different risk settings from very conservative to more aggressive.
- Frequent Updates: The EA is regularly updated to improve performance and include more currency pairs.
- User-Friendly Interface: Security settings are straightforward to configure.
- Developer Support: The developer, Wim, is known for promptly addressing user queries and issues.
Analysis of Results
The data for the past year shows Grid King performing quite well, with notable stability and consistent returns. However, it’s not without its hiccups – a stopout here and there (e.g., EURAUD). The robot has shown promising results, especially when used with the recommended conservative settings.User feedback further supports these findings. Many praise the EA's stability and the developer's responsiveness. For instance, LKKRXR refers to Grid King as the most stable EA they’ve encountered, while Bonasoro87 highlights its safety aspects, suggesting it isn't a typical risky grid system.
Still, let’s not get carried away with the praises. The true test is always the long-term performance, and a year is a good start but far from conclusive.
Pros and Cons
Pros:- Versatile multi-currency trading.
- Adjustable risk settings.
- Frequent updates and continuous improvement.
- Responsive developer support.
- Consistent performance in both demo and real accounts.
Cons:
- It’s still a grid system – inherent risks remain.
- Occasional stopouts, though managed, can be concerning.
- Dependence on user discipline to follow conservative settings.
Source Code of Grid King
We must clarify that the original source code of the Grid King robot sold on MQL5 is not available to us. However, based on the description provided on the MQL5 website, EASY Trading Team can create a similar code. If anyone has questions about coding, feel free to ask on the forum.
Code:
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