So far profitable with manageable drawdown on the live account.
www.ea-testing.com
Grid King LITE is a budget friendly version of the popular Grid King EA, specially made for those traders that try to find an affordable, high performance EA.
The LITE version takes ones of the best performing setups from the original and has almost no parameters to set, which makes it a very easy plug-and-play setup.
If you already own the original Grid King EA, you do NOT need this EA.
Live results so far: https://www.mql5.com/en/signals/619924
Recommended broker: http://icmarkets.com/?camp=48854
NOTICE:
Grid King LITE is a grid system which can trade 29 currency pairs from a single chart. The EA is loaded with safety features, including, but not limited to:
- Currency-pair correlation filter
- Spread Equalizer Algorithm
- Trailing TP Risk Minimization
- Max Loss safety system
- etc....
This EA can run on accountsizes starting from 1000$ (running only 1 or 2 pairs), though I would recommend a 3000$ account to trade more safely and have much better overal performance.
You can always consider running on a "cent account" if you have a balance lower than 3000$ to have full performance.
Leverage of 1:100 or better is highly recommended.
The EA will monitor 29 pairs and trade price-breakouts and reversals. It will use a clever grid algorithm for safe-landing trades when market turns against them.
If a grid should become too big, the EA will hedge the grid and slowly break it down.
SETUP:
Key Characteristics:
Parameter overview:
So far profitable with manageable drawdown on the live account.
www.ea-testing.com
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2019.09.02:
I'm doing backtest over 10 years and running this EA on a 6K real account and it seems very promising. Excellent assistance from the developer. For now, I'm very happy.
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EDIT 2019.09.06:
Already done profits more than the purchase price. Thanks.
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EDIT 2019.11.04:
Already done profits for 10x the purchase price. The EA is currently managing a drawdown phase, with hedge positions. It seems good to me.
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EDIT 2020.03.26:
Already done profits for 40x the purchase price. Succesfully managed some critical conditions (hedging them). In backtest, the new 2.0 version even better than previous one.
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my signal: https://www.mql5.com/en/signals/581476
I lost 3500 USD in less than two weeks. The EA closed all EURCHF with no HEDGE as usual and with no reason. It is very risky to trade 29 pairs at the same time; each with a possible DD of 2000 USD; you have to have an account of at least 30,000 USD and the profit is not ensured as well. 5000 USD was not enough. I will update this review when I see how the EA will deal with the hedge order and with a floating loss of 2000 USD. Also, we will see the recover time for such a loss. All test signals are not real as they are demo accounts which do not reflect how the EA works on real accounts with real slippage and commission. The author is good and he responds and tries to help so far.
I'm fairly happy with the EA. The only thing I would like is to have a proper progression in lot sizing (0.01-0.02-0.03) while the EA only goes in steps of 0.02. Kind of difficult for me to understand why...this is the Lite version and at the end of the day requires more capital. @Win, any chance to have a proper progression implemented?
So far profitable with manageable drawdown on the live account.
www.ea-testing.com
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2019.09.02:
I'm doing backtest over 10 years and running this EA on a 6K real account and it seems very promising. Excellent assistance from the developer. For now, I'm very happy.
--------------------------------------------------
EDIT 2019.09.06:
Already done profits more than the purchase price. Thanks.
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EDIT 2019.11.04:
Already done profits for 10x the purchase price. The EA is currently managing a drawdown phase, with hedge positions. It seems good to me.
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EDIT 2020.03.26:
Already done profits for 40x the purchase price. Succesfully managed some critical conditions (hedging them). In backtest, the new 2.0 version even better than previous one.
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my signal: https://www.mql5.com/en/signals/581476
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Great system, the most stable I've ever purchased. In addition to the excellent system, I also vote 10 for assistance. At any time of the day you ask for explanations, Wim is always ready to answer you, which few do. Grade 10 +++++++++++