King Robot EA is a martingale EA sold by LeapFX.
The trading method is unique and very simple.

King Robot EA [Official Page]

Live performance (forward test results) of King Robot EA

Forward tests show very good results.
Currency pairs traded are AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF.

Trading strategy of King Robot EA

The King Robot EA trading strategy is as follows:

• Take profit with 10 pips.
• Stop loss at 60 pips.
• When the previous trade reaches a profit of 10 pips, immediately enter in the same direction. In this case, the lot size is the same as the previous trade.
• When the previous trade reaches the stop loss of 60 pips, immediately enter in the opposite direction with 3x lot size. In other words, execute a martingale trade.
• The take profit for a trade that increases the lot size is approximately 30 pips, and the stop loss is 60 pips.
  This EA repeats this martingale trade until it wins the trade.
  If the trade is a win, the lot size returns to its normal value.

The MT4 trading history chart below shows a series of sell trades in a downtrending market. Also, it executes a buy trade after the price rises and the sell trade reaches the stop loss.

■GBPUSD　1 hour　Chart　White=Buy entry　Red=Sell entry

The MT4 trading history chart below shows continuous entries in the direction of price movement.
This EA always holds a position because it enters immediately after the previous trade ends.

■GBPUSD　1 hour　Chart　White=Buy entry　Red=Sell entry

No Grid

King Robot EA does not perform grid trades.
Therefore, multiple positions are not held in the same direction.

King Robot EA Strengths and Risks

This EA repeatedly enters in the same direction if the previous trade is a win, so if the market becomes a trend, it can continuously earn profits.
Also, markets with high volatility work advantageously for this EA.

On the other hand, if the previous trade was a loss, this EA will immediately enter in the opposite direction, so if it becomes a range market, continuous losses will occur.

The MT4 trading history chart below shows stop losses occurring one after another in a range market;

■GBPUSD　1 hour　Chart　White=Buy entry　Red=Sell entry

After the stop loss, a martingale trade is executed with the lot size increased, so if consecutive losses occur, there is a risk that a very large drawdown will occur in the account.

In the example above, the consecutive losses are only 5, so there is no significant drawdown in the account. However, if the range market continued, a large drawdown would have occurred.

Additionally, this EA executes trades simultaneously on multiple currency pairs: AUDUSD, EURUSD, GBPUSD, USDCAD, and USDCHF.
Martingale trading on multiple currency pairs at the same time can yield very high returns.
On the other hand, if the EA makes consecutive losses on multiple currency pairs, there is a risk of a large drawdown in the account.

Reference article:Martingale EA Risks and Benefits | Is it profitable?

Backtest results of King Robot EA

King Robot EA does not release backtest results to the public.

Vendor of King Robot EA

Sold by LeapFx.
LeapFx sells various EAs such as Arbitron, POWER GROWTH TRADER, and The Money Tree.
However, in order to visit the sales page of an individual EA on LeapFx, you must first register your email address. This is annoying and can lead to you receiving unwanted solicitation emails.

The King Robot EA sales site has the description “Auto A.I. Rapid Growth Trading System”.

I’m not sure what A.I means.
However, this notation gives users the illusion that they are trading using AI (artificial intelligence).
This EA does not use artificial intelligence and actually executes trades using a very simple method.
Notations such as A.I should be avoided as they may mislead users.

Additionally, this vendor provides false statements on the THE MONEY TREE EA sales site.

Please be aware that this vendor uses descriptions that may mislead users.

Conclusion of King Robot EA

The trading logic is simple, but it is a unique EA.
This EA trades multiple currency pairs at the same time while always holding positions, resulting in a high rate of return. In addition, the forward test results are also good.

However, the risk is high because martingale trades are executed with multiple currency pairs.
Especially if multiple currency pairs go into a range at the same time, your account may experience significant drawdowns.
You should also consider the reliability of the vendor selling this EA.

There are two types of licenses: 1 year license and lifetime license. Both are expensive.

Users should carefully consider purchasing after understanding the trading methods and risks of this EA.