Grid King

Hi all! Here is my honest review that I've been testing this for the past months of wim's grid king. I believe this is one of the best MT4 and MT5 expert adviser I have ever used and unlike other authors who forces every individual who buys AN EA for 20000000000000000000000000000 bucks to give a 5 star rating.

Wim does not ask for a 5 star rating, His EA isn't too expensive, I believe its a fair price. His support is very good

I like to let most of you know that you SHOULD disable some pairs because there could be consecutive runs throughout the whole week. This is how the grid works and stop out is at some point inevitable. You rather lose 2k than lose the entire account.

Powerful EA, I recommend you do not use the minimum balance as I had some issues with it. Very responsive developer, thanks.

I have been trying it on a demo account for a week and it is working very well, now I will move it to my real account and hopefully I will get the same result

The Grid King is about risk management Grid with Martingale EA.

Noe of EA has this level of defensive system.

The author is one of very few honest challenger.

Be realistic and patient.

Great work, Great EA, Wim keep improve and update, this is my main EA of 2019

Great EA . Great work. Follow the instructions of Wim and everything is good.

I have been running this EA for 3 months on live ECN 3k balance account with the recommended set file and 15 k Cent account also.

Decent profit, and stable, low DD.

Great EA With Low Risk i tested with real account <33 Wilm is the Best

Great EA with great support. Wim is very professional and passed the market’s time-test

I remove this expert and it is very dangerous to prove it also the author's signals that disappear and come back again

successful Grid system .. good job Keep Going

Been following the recommended setups. Been setting conservative option. Account was blown in 2 weeks!

The most vital component of a long-term successful Grid system is having a robust entry strategy. And I believe this EA certainly possess that, which leads to relatively lower draw downs and shorter grid duration.

1 month very happy with the result.

Good job Wim. Keep it up.

Running it on a 5k account. At the moment I'm not satisfied. Perhaps it is good with bigger balances. Sh.t Grid for me. Sorry Wim...

Been running GK since 4th April on ECN and Cent account. Decent profit, stable, really good EA. (5*)

update 2019-May-27: Grid King hit 2 stop-losses with trailing TP, still in profit (but not much), stable. (5*)

update 2020-Mar-18: Stopped because too many SL for me. The account did not wipe, but i have stop using all grid strategies altogether, not just GK.

The most considerable, stable and frequently upgrade EA (In positive way) I have ever seen.

So far very good.. Very low DD and stable profit at all time! Excellent Support from Wim..

This is the best EA I´ve seen so far, easy to use, steady good profits. You have to follow the rules and use Wim´s setfiles and you´ll get profits every day.

Wim gives quick support if needed. Don´t set the risk to high or run too much pair and everything´s running fine.

Thank you Wim.

EA is very promising and Wim answers all questions and is very helpful. 5 stars good work !!

Best EA on mql5 and outstanding support!

For me this is the best EA. It is stable and profitable. It is my main adviser now. And Wim is working hard on this EA. Update frequently and help with fast maner. I like it the best! five star!

6 out of 5 Stars. Needless to say, more. To all users: please try to implement Grid King precisely the way its author recommends. It is a nuclear weapon to our trading arsenal; however, as all nukes, you don't want to blow to your hands. So do not be greedy and let this Robotic Application to do what it has been created for: make enormous profits CONSIDERING the entire risk someone takes.

UpDate: I am using high-risk settings (50% possible DD) on my peril. I know the consequences, and I am willing to accept them. However, in 12 days, my account is up 12%. A possible DD will be covered in about three months. Saying "thanks" to Wim is the least I can do.

Update: After three months using Grid King, the only thing I can say is that -for the time being- is, really, the King.

Update: June 2nd, 2019: My account is up (Balance to Balance) 106% with a running %DD of 16%. The average return per month is 22.12%, using after the second-month medium risk settings. It's a monstrous return. Nothing less than congratulations to the author.

Update: July 23rd, 2019: My account's enjoying a return (Balance to Balance) 168% with a running %DD of 7.5%. This is since February 12th of 2019, and annualized exceeds 350%...It is simply amazing. God Bless you Wim.

Update October 20th, 2019: GK is marching. My account is up 220% after a high of 270% (13.5% retreat) two days ago due to 3 hedging. I was expecting this correction though, and that is healthy for a trading system. The new version 5.0, looks very promising passing heavily back-testing techniques. Do NOT stop, Wim.

Update 21-3-2020; 13 Months Usage:

At this point and amid pandemic, something which never happened since the 17th century AD, I feel that I need to comment on the behavior of this Expert Advisor. The reason why is that I firmly believe that here we have something unique which approaches the notion of Werner Heisenberg’s “singularity.”

Grid Kind is a simple as an idea EA: it employes a mean reversion based strategy supported with relevant averaging down money management. What we traders call a “grid-strategy.”

Well, until now, everything sounds familiar, but I will elaborate bellow why it is not exactly like that.

Mean reversion strategies tend to fail or have enormous intolerable drawdowns, especially in periods of high volatility. What we are experiencing right now in the markets, is something unique to modern society’s history, and thus, watching the Cable with an ATR equal to 500 pips, daily, doesn’t surprise us at all.

In such a kind of turmoil, Grid King did NOT fail. It is remarkable and notable. And not ONLY did not fail, but it didn’t produce with its trades high volatility in my equity curve. On the contrary, the volatility open P/L did not exceed other times and remarkably is lower! As an engineer, an economist, and a Ph.D. in the financial analysis field, this is a rather unusual event from a scientific (experiment-observation-empirical results) point of view.

Is that pure luck? Is that a stochastic event that does not say anything about the quality of the trading strategy itself?

At this point, I am incapable of answering from a scientific -again- angle of analysis. The practical FACT and the most important for a trader, though, is that my balance equals my equity right now, in that kind of extreme situation we’re living. There’s no running drawdown, and there’s not any big cluster of “grid” orders open.

Conclusion:

Even if trading the financial markets with the implementation of an averaging down cost method seems like a “suicide” mission, the facts for this expert advisor shows the opposite ultimately. I have been using Grid King as my primary algorithmic trading strategy since February 12th 2019, upon the 80% of my portfolio. I have to confess that I have been following some settings of my own (avoiding strategy A, since October 2019), and I wasn’t “careful” in my risk tolerance level. The results right now are that my equity is almost up to 280%, with a maximum unrealized investment drawdown of 57%.

Was I so lucky for the last 13 months? Again I do not know. The only thing I know is that I am still here, alive, and trading.

I wish good health and “green” pips to everyone.

Over the period 20 December 2018 to 8 February 2019 I have run Grid King live on an AUD50k demo account using the conservative setting and with all recommended trading pairs enabled. I have been highly impressed with the consistent accumulation of profits. Only once in January did a currency pair (EURCHF) cause anxiety as total grid positions exceeded 11.5 lots. But that is the nature of grid trading. I had no issues with XAUUSD in January, perhaps because of the conservative setting used (?). I have noticed that profits between the A and B strategies of Grid King favour the A strategy on about a 3:1 ratio. I'll continue to monitor this. I am also highly impressed with the work that Wim continues to do to refine Grid King. It says to me that he is determined to provide a product that strives for peak performance. 5 stars.

Well, we had some turbulent times so far ( EURAUD stop out in Dec 2018 and at end of Jan 2019 we had it on XAUUSD) but as I see on my demo and now also real account the EA is giving stable profits and is eliminating the SL we had. The author is permanently improving the EA and answering fast on messages. Each user has to keep in mind that one day a stop loss in hight of the selected risk may occur. This is part of the "game" and each user should be aware of it. Even that maybe also 2 currencies may hit the SL at the same time.

UPDATE 01.04.2019: +23%!!!! in March total performance on my real account with Grid King running on conservative risk (a few days were running on medium risk). This is phenomenal!

One of the selling points of Grid King is that 'The EA has been stress-tested for a period of 18 years and passes all those years successfully without any high drawdown'. Yet today's stop out with XAUUSD is the now the second within two months. The first was EURAUD in Dec 2018 (author removed the signal showing that stop out) and now today's XAUUSD stop out (30 Jan 2019). To anyone thinking about buying this EA, I strongly recommend you wait until the author can provide a signal on a real account with all pairs showing it can survive at least 6 - 9 months without any stop outs. Don't make the mistake I made and purchase the EA without proven results.

Running since 2 weeks and get really satisfaction with the EA and the work of the Author. I appreciate. Thanks you

I updated my previously good review to 2 stars, after 15 months of running Grid King on my 2 live accounts. I have posted my charts in the comment seciont: https://www.mql5.com/en/market/product/33065#!tab=comments&page=88&comment=15286624

Thanks Wim for the EA.

It's really a powerfull EA.

Yes, it's a grid EA, yes, you will have DD but security settings are easy to use.

Wim add more pairs weeks after weeks after stress testing his development.

Again, thanks Wim.

Running with default setting. Every day runing up to 6% DD with small profit like 0.5%. Profit looks very small while DD looks high. The key is that it is consistant day after day and can survive even with few hundreds' pips movement. Grid system is always running good until disaster event comes. Forturnately, this EA has stop loss which won't wipe out my account, unless few pair running a loss at the same time, which won't happen according to history testing, but we never know about future. This makes Forex Trading very interesting.

Although I had a stopout (EURAUD) after a couple of days of use (something that can always happen) I still believe this is (to my knowledge) the only martingale EA to go with. Clear (and acceptable) stopout levels combined with a multi-currency approach. Great support and frequent updates that makes the EA getting better and better. At this moment I run all (15) the currencies on the "very conservative "lotsize step" risk factor. After a couple of months I hope to switch to the conservative setup.

This EA makes a very good impression. The total concept makes sense, the author is very responsive and the product is constantly improved.

For me, Grid King is the first Grid system effort.

I do not trust this system 100% yet, but at the moment it is a very comfortable ride.

My revenue goal is to run safely GRID KING at 0.01 lot for 100 days and to get a profit above 1500$

If that is the case, I will change the star to 5.

I am looking forward to that time. Thanks wim

Logic behind the money management is comprehensive, straight, effective - in short: For a grid EA amazing. Trade entries are precise, EA makes money as expected. Five stars.

At this moment I'm testing but based on the backtests I've made I have high hopes regarding this EA.

Another thing I must mention about is support and help you get from author after purchase.

It is the best I have ever met here in mql market.

If Grid King will perform well in forward testing I will update my review to 5 stars.

Typisch. Passt es nicht mehr, werden die Signale entfernt und neue gestartet. Perfekt für das Vertrauen ;-)

Dangerous EA. Don't use it

The ea is delivering very good on my demo account testing. There was some dd but within safe limits configured. I'll take the ea to live in the next months.

Update: I am testing now on very conservative settings on my live accounts on 15 pairs, so far profits and low dd.

Lost $2800 on EURAUD after less than 1 week live. Hard to be positive about this. I followed the instructions to the letter. Medium risk. If you carry on trading Grid King, I recommend no EURAUD. It doesn’t have as many pull backs like other pairs.

*update*The overview says it hasn’t had any high drawdown for 18 years, but this is not true as authors own signals (since removed) had the same drawdown I and many others suffered 2 weeks ago. Would respect transparency more. Please update overview to reflect this. “Ea hasn’t had high drawdown for 2 weeks” would be more truthful.

I continue to study this EA, so I will come back as the research covers more ground, but in the meantime...

I have added another star as I see Wim really covering the areas that were not clear at the beginning + the performance is consistent so far + I really appreciate the manual entry feature, this really adds a completely new dimension to this EA.

More to come.... :)

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I have a good feeling about this EA, but I also think I will be coming here many times and changing my rating back and forth...let's see.

On first instance it looks good, you can tell it's well coded (at least so far), Wim is responsive, the EA is executing well....but once again....so far.

I know there are plenty of you out there that are more than happy not having a clue how EAs work, and will slap 5 stars on anything.

I've been trading long enough to know that if you do not understand EXACTLY how an EA works, you might as well just buy lottery tickets.

I don't have the feeling that I understand how Grid King works, and I am hoping Wim either explains it better, clearer and in more detail, or that his explanations on the blog cover ALL our questions.

I hope to give this EA 5 stars one day, but for now 3 is good enough.

I will review this once I understand what's under the hood.

Fantastic!!!

I absolutely recommend this EA. It is not the classic grid system with the risk of losing everything if things go wrong, the manufacturer has taken care of this very much making GRID KING very safe. I tried this EA both in demo and in real and the operations are identical. I recommend following the manufacturer's advice to the letter and keeping a low risk. Good Trading to everyone.

Purchased the EA on the first launching day.

The concept is very interesting, Mean Reversal + Breakout, Most important thing is the EA keep getting better and better.

Running on Demo with Medium Risk show 100USD/Week with Less than 7% Max DD

Will go Live Very Soon.

Thank to Wim MoneyMakers.

Cheer

Have already purchased this gridEA, because of the safety reason of the gridsystem.

Currently running on a demo account.

Wim is very professional and will answer questions immediately.

Have already bought another EA from this maker, which I already have on a live account (this also runs as it should)

Will give an update in a couple of months, when he goes live...