CREATIVE M.
Bot that makes a difference
I have 9 months of experiece working with this EA. I have failed couple of FTMO challenges and paid my tuition fees. I also own several other EAs including MMFunded Jay's EA and WAKA WAKA. Do not take for granted what I will say but respect my opinion and try to help yourself with the knowledge I share. At 995 forexking EA seems expensive. But if you consider the 350 MMFunded costs and the 2.000+ of WAKA WAKA at 995 forexking is a bargain. Amongst the three this is significantly more of a high frequency EA with around 300 trades per month using my settings, and expect a 3-4% monthly with a max drawdown of 2-3%. Equity protector can kill your progress so I ran it loose at 10% or 15%. I am keeping pairs to 3 or 4 and lot size at 0.3-1 per 100k depending on the forex news of the week and the risk I am willing to take. If drawdown rises significantly I cut all lots to 0.01. Still trying to get funded on FTMO. If you use the bot on something like the darwinex zero it could work great because there is no stupid daily limits. Remember: Drawdown is a way to build profit. It is like a spring compressing. It stores energy and when it expands it releases it. That's the relationship of drawdown and profit on this EA. During the calibration stage on darwinex zero the EA scored a 1.6% return and a 2.8% max drawdown. This places me in the top 25% there effortlessly, remotely with minimal interference from me. Do you think WAKA WAKA or other popular bots can do better? Try and see for yourself. My advise to Dave would be to try and scale his business , so that the support becomes better. I understand he might feel overwhelmed trying to answer thousand requests from email. He is smart , decent and I think he will adapt eventually. The EA is decent and I suggest you try and see for yourself but be careful with the equity protector feature that can kill your progress. Loosen this and let it manage risk. It can and will do better.
Response from forexkingea.comJun 4, 2024
Hey there, Thanks for taking the time to share your detailed experience with Forex King EA. It’s great to see such a thorough review. I wanted to take a moment to respond personally. Firstly, I appreciate your candid feedback and your willingness to share your insights with others. I run five trading companies and have a dedicated staff of over 18 professionals, including developers, traders, financial advisors, and money managers. Despite the scale of my operations, I believe in providing hands-on help to all my clients because there's no substitute for experience. Regarding your review, you’re absolutely right that at $995, Forex King EA is a bargain compared to others like MMFunded and WAKA WAKA. Your strategy of maintaining a higher frequency of trades and adjusting settings based on market conditions is spot-on. The analogy of drawdown as a compressed spring is a brilliant way to describe its potential to build profit. Your advice on managing equity protector settings and adapting strategies based on risk tolerance and news is invaluable. It’s also encouraging to see your results on Darwinex Zero, placing you in the top 25% effortlessly. As for support, I hear you loud and clear. Scaling our operations to better meet the demands of our clients is a top priority. I’m constantly adapting and improving our processes to ensure we provide the best service possible. If there’s anything you ever need or if you have any questions, please don’t hesitate to reach out to me directly. I’m always here to help and share my knowledge. Your success is important to me, and I’m committed to doing everything I can to support you. Thanks again for your thoughtful review, and I look forward to seeing your continued success with Forex King EA. Best regards, David Sulay CEO ForexKingEa.com [email protected]