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Claimed profit factor
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Seller price: Free
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ForexKingV44.0
Seller claims
grid yes · martingale no · SL no
EALegit summary — unaudited listing
ForexKingV4 is an MT5 Expert Advisor for trading XAUUSD (Gold) only, attached to the M1 chart. It analyzes price action across multiple timeframes (M1 to MN1) using 50% Fibonacci retracement levels, and if the market moves against the initial position it opens averaging entries in a Fibonacci-based recovery grid. It claims dynamic trailing stops to lock in profits and states that its mechanisms aim to protect the account from margin calls, with a recommended minimum deposit of $100 on a cent account or $10,000 on a standard account and 1:500 leverage. No fixed stop loss is described.
Lab results
No lab results. The seller's backtest has not been reproduced.