Sim
After spending a significant amount of…
After spending a significant amount of time and money testing and working with the ForexKing Expert Advisor, I feel obligated to share my experience for the sake of transparency and to help others make an informed decision. To start, I purchased the ForexKing EA with genuine optimism. The marketing claimed a highly sophisticated algorithm capable of scanning the markets, identifying the most opportune moments to enter trades, and managing risk with intelligence and precision. Unfortunately, after running the EA across multiple accounts and investing several thousands of dollars beyond its purchase price, I can confidently say that the product does not operate as advertised. The core issue is that there is no observable advanced scanning or intelligent decision-making happening in real time. Instead, the EA appears to follow a very rudimentary strategy: • It opens a position without any clear indication of market analysis. • If the trade moves in the right direction, it simply rides the momentum. • If the trade moves against the account, the EA repeatedly opens additional positions to average the price, essentially a martingale-style system, not an intelligent trading algorithm. This is extremely concerning, because it does not reflect the strategic, data-driven, or risk-managed system that was promised. Instead of identifying high-probability entries, it seems to rely on luck and hope that the market eventually reverses. This behaviour is dangerous, especially for accounts that cannot withstand large drawdowns. Across every account I tested, the pattern was identical: there was no real scanning, no adaptive strategy, and no dynamic market analysis—just repetitive entries until either the account recovered or it blew up. After months of testing, I am left with the conclusion that the EA’s actual functioning is nowhere near the level of sophistication advertised. I truly feel misled, especially considering the significant financial losses incurred while attempting to give this product a fair chance. There were also many a times of back and forth communication, where David would speak to me in a condescending manner putting me down and insulting my intelligence. He would claim that because of my mismanagement of risk, I would fail challenges. Even in those moments of complete naiveness, I would listen to him and even keep the risk at 0.01 and not exceed opening 2-3 pairs and less during market events, which is well below the risk parameters. Regardless, I wasn’t able to clear a single challenge out of 7. I am sharing this review not out of malice, but out of genuine disappointment and a desire to help prevent others from going through the same experience. In my opinion, the ForexKing EA is not the advanced algorithm it claims to be, and buyers should approach with extreme caution. In addition to this review, I had sent an email to David because he’s claiming that I never asked for help. This isn’t remotely true and I am going to sift through my messages and email threads. But here is a copy and paste of how he speaks to me. I’ll attach a screenshot when I’m able to as well. “Sim, Haha Thank you for making me f****g laugh. You bought the system on March 1st, 2023. It’s been almost three years. Three years is not “recent.” Three years is “you disappeared and now suddenly remembered my email.” You never checked in, never asked for help, never followed updates, and never used any of the improvements everyone else has gotten since 2023. That’s on you. You don’t get to vanish for almost three years and then show up acting like you were misled. You didn’t follow anything. Your results are your own. There is no refund on a custom EA after three years. That door is closed. Take care and lose my email” Update - there are multiple email threads in my inbox directly refuting David’s claims that I never asked once for help in three years. I’ll post these as my review goes live. Update - David has now asked me to provide my phone number, full name, and email but since I don’t trust him not to berate, insult, or argue with me. I want to keep all of my Communication with him through this platform. Update - Dec 11th 2025. Hello everyone, as you all can see, David has responded in his usual “professional and kind” manner. This comes after he attempted to have my review removed by falsely claiming that I used expletive language - the irony speaks for itself. For clarity, I have extensive email communication with him from the time of purchase to about last year. I did not “disappear,” as he now claims. At this point, I don’t want a refund. I only want to make people aware of my experience and provide caution. He is not the professional he markets himself to be. He is dishonest through and through.
Response from forexkingea.comDec 11, 2025
This motha fucka vanished for 3 years, blew up his own accounts, and came back looking for free money. Three. Years. Later. We denied the refund — because no company on earth refunds a custom EA after three years — and only THEN did he drop a bad review. If you’re like this motha fucka, we are NOT for you. Real traders take accountability. Begging for refunds after 3 years ain’t it.