Grid king ea forex robot 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 uses a unique Spread Equalizer Algorithm (S.E.A.), which dramatically decreases the impact of spread and slippage on the stability.
At the moment, 2 strategies are used for entry:
“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.
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
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!
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 recommended.
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.
balance < 3000$ -> use a cent account with default settings.
balance between 3000$ and 15000$ -> use default settings
balance >= 15000$ -> Use 15K set file with GlobalSL
It is only advised to run “Aggressive” or “Very Aggressive” mode when using the default settings, but not recommended!
When running all pairs, “Very Conservative” or “Conservative” mode is advised