King Robot Review
The King Robot is another expert advisor for the MetaTrader 4 platform developed by the LeapFX team. LeapFX offers a wide range of automated trading systems available for retail traders to purchase. These forex robots are popular among those who might not have the expertise or time to manually trade the forex markets. However, this does not always guarantee positive results, as trading inherently involves risks. In this King Robot review, we will take a closer look at how it works and analyze recent trading results.
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King Robot Trading Strategy
The King Robot employs a scalping strategy aimed at capturing a few pips from the market at various times. When executed correctly and consistently, scalping can grow a forex account over time. The main challenge is that scalping requires ideal broker and market conditions. You need a forex broker with tight spreads and fast execution speeds, such as IC Markets, which is one of the top brokers for automated trading systems like the King Robot.
King Robot Features
Does not use potentially dangerous grid trading techniques.
Trades 5 currency pairs with a maximum of 2 trades open at any time.
Includes an "anti-stop loss hunting mechanism" to avoid brokers using unscrupulous tactics like stop hunting.
Can be used to tackle prop firm challenges, with all input settings adjustable according to personal trading preferences.
Key Features:
Fully automated MT4 robot
No grid trading strategies
Quick and easy setup
Scalping strategy with HFT
Suitable for prop trading
Verified Myfxbook results
King Robot Back Testing
When reviewing a forex robot, I always look for tick data backtests. While these are never 100% accurate due to backtesting limitations, they provide a rough idea of how a particular forex EA works. Unfortunately, there are no backtests available for the King Robot, which is disappointing. The LeapFX team has the skills necessary to perform backtesting and should include them on their website. At the very least, one would expect to see backtests on recommended currency pairs for a minimum of 5 years.
King Robot Results
It is encouraging that the LeapFX team has shared live real account results verified by Myfxbook for the King Robot. The account has only been active for a few months at the time of writing this review, but the early performance is promising, showing reasonable drawdown and some consistency. However, keep in mind that results can vary and do not guarantee future outcomes.
King Robot Summary
Overall, the King Robot EA for MT4 shows potential. Recent results have been decent, although it would be beneficial to see backtests conducted over many years of high-quality historical data across multiple currency pairs to better understand the strategy implemented by the expert advisor. The LeapFX support team is very good if you have any questions, and there is a 30-day money-back guarantee, so you could always test it on a demo account without commitment.
Pros:MT4 Forex Robot
Quick & easy setup
Detailed instructions
Full support
Verified results available
Customizable settings
No grid trading
Multiple currency pairs
Money-back guarantee
Free updates
Cons:
No historical backtests
Limited data so far
No MT5 version
Not the cheapest forex
I am a self-confessed Forex Geek spending my days researching and testing everything related to forex. I have many years of experience in the forex industry, having reviewed thousands of forex robots, brokers, strategies, courses, and more. I share my knowledge for free to help you learn more about the complex world of forex trading
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