King EA Review

I have a bad habit of writing as if task to write a bible. I have filed a dispute with PayPal (PP). Usually PP does not entertain refund requests for electronic goods. When I called PP in Singapore, and explained to them rgds this, PP informed me that if I can submit proof that Zafar has promised to refund me and didnt, its considered a fraud. PP will investigate that claim and if found true, will refund me and blacklist the seller.

I got my refund of gbp69 within 2 days of filing that dispute with PP. If you happened to be reading this, please also google for HMG(Hikeman Solutions). They have also taken to stalling rgds the refund.

I didnt checked with PP staff, I was just happy that I could get refunded for this transaction. For gbp69 (abt usd100) Zafar, just like HMG, decided to test my patience as well as stake their reputation.

I hope it was worth it for Zafar, As for me, it was what he deserved for having such unethical practices even as a biz owner. If you got lousy signals/fx services (EA, mgt fund etc) thats a definite skipped for a lot of investors. When you also decide to have a lousy attitude to your ethical conducts as biz owner, thats fraud!
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Since Zafar may by now have placed me into his assassin's list, perhaps those that are reading can vote your support/comments abt what I did
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PS: Meanwhile, as usual, grass does not grow under my feet, and I have moved on to better services and have good reports which shall remain private

2013-09-09 1Star I have to disappoint those that have faith in Zafar. He had ingored my refund request after I have given him another 2 weeks extension,
The only "gentleman" portion is abt as non existence as his promise to refund me

The subscribers of abt USD100 (gbp69) is not that much, whats more at stake is that he had forgotten, I am quite "infamous" and that FPA has now another thousands of mbrs of so. My review of SP has made me almost the international ambassador, as traders from PH, South African, Australia, US have skyped me to chat abt SP. Thats what giving your skype net you, friends and sometimes fiends.

Thanks for all that skype and friendship, may you have more pips, just not with this CAD

2013-08-26 1Star I had to kill 3 trades when sl >=50pips, and literally pulled the plug and chatted with Ja for a refund. I was lucky, all the 5-6 trades went bell up (I think 1 trade was profitale). On Ja site he stated that its max of 3 trades, so when I realised that trading pattern is out of character, I stopped the EA completely. Some of the lossing trades had like 100+pips dd.

Ja told me that he will now placed 50sl and stick to 3 max trades but I was not willing to continue, so ask for refund. Ja promised to do a refund on 24Aug, This came and went, and when I chatted with him today (26/Aug), he told me that he needed time to make up the profits so he could have $ to refund me and ask for a 2 week extension. He again promised that this time, (the 2 week extension) he will make good the refund promise

I dont know, it sure sounds like excuses to me. I am just disappointed that Ja would do that. I dont really understand where did the susbcription fees went to? I pay the charges in advance, so its confusing why he would not have the funds to refund me. Just disappointed and he did seem to have nice manners and customer service too!

PS: I have filed a dispute with PayPal, and Ja when u read this, you can do as you promised!

2013-08-05 No Rating Hmpph.. I just today, and I was actually late in getting the 1st trade, but ROL, since it was a sell eurusd, and prices have moved up a little I got in at BETTER ep, and won 2.6pips vs their 1.1
2nd trade won 9.9pips vs their 7.8, and it wasnt due to latency or time lapse, for they had the MYSQL trade copier and it shld have acceptable latency

Its still too early to rate them, I will keep all posted by end Aug (taking into acct that I started the mth 2 trading days later, ie, I missed 1/Aug and 2/Aug and start on 5/Aug)

Then I will try to update by end Sept for mthly results

KIV this post

Signed up for the King EA. Bad system that keeps adding positions to already losing positions. The EA places no visable stop. On a 15 minute time frame, I had seen trades down 100 pips, and more positions added. Using 2% per trade, I shut down my account after a 30% drawdown within a 2 week period. STAY AWAY FROM KING EA !!!!!!!!!!!!!!!!!

Also, how successful do you think this guy is if he has to wait for profits to refund a $100 as described in the previous review.

If I have to summariza KIng-EA based on my experience for almost 3-4 weeks, then it will be "one step forward, three steps backward" if I take into my account losses and their fees, etc. I should say I am down 30% :(
They used to be responsive and communicative, but the losses made them reply to 1 in every 2 sent. Since, they don't have answers.

Yesterday, the EA opened 5 lots. But the vendor claimed it opens only max 3 lots.
And the drawdown once was very large, I got margin call. And finally, the direction reversed. But I wonder, if the direction is against the trades, it will continue to add positions and will blow the account very quickly, even 50pips SL for each position. Still the risk management is very poor

Vendor has been very communicative, and is beginning to recover.

Vendor allowing to run product without pay until recovered loss completely, and actually into profit by same level as loss.

Moving from 1 to 2 stars. Performance still below expectations, but changes made and will keep updated on progress to see if recovery continues.

2013-08-13 1Star I agree with Ahmed. DO NOT USE THIS PRODUCT.

1) This is a trade copier not a local EA

2) Def not an EA behind the scenes either. Very much agree these are manual trades. The trades taken and TP values did not have an automated pattern to them.

3) Simple strategy of opening trades when trend dips with hopes it will resume. If not, toast! Went up to 6 open trades, and as Ahmed said, he had to close all in loss.

4) I started out with a low risk lot size, but still lost about $500, as I joined the moment the trades went bad.

5) Stay away. Obviously looking for a quick buck.

This was my 1st review, and was compelled to warn others.

After the heavy losses, the seller says it will transfer the license to another account, but I've been waiting for that day to this, I sent 6 e-mails to that change, and I have not received the change and no response from them, I tested from the web twice and 4 times by e-mail. I think it is only talk,

Guys,

I too lost money with King EA. Lots of EA's lose money regularly, But I haven't ever seen an EA owner offering free subscription till money is recovered. Let's face the facts. The guy is a gentleman and is genuinely sorry for what happened. Let's give them a chance to recover money and not judge the profitability solely on the basis of what happened.

Best regards,

2013-07-31 5Star Very good performance so far. I give it 5 stars. My account is in profit.

2013-07-29 4Star I am happy for the free service for two days. But my account is still in drawdown after I joined, so I am waiting to see what happens and I hope my account recovers.
Thank you again.

Best regards,

2013-07-25 3Star After submitting paypal dispute, I got a very quick response from the seller who assured that it was some misunderstanding and somehow he missed my order.
Dispute is resolved and I have got the EA.
Will inform regarding the performance in a couple of weeks.

Best regards,

Comment: Added by King EA on 2013-07-25
Hi
After Payment you redirect to a Page where you have to send Required Information you missed that Part , we missed your order because of it , we offer 2 days free service to Mr Vicaas , i hope you will Happy Now
Regards
King EA

I joined a couple of weeks ago. There are many systems as we all know but It seems as if these guys are genuine. Not one of the hundreds of systems that only try to make a quick $47 and then try and sell you more and more items for $67 to get the so called real thing. So I joined and went live right away. I made some profit but was worried about the stop loss. So I made my lots very small and I worked on a low leverage. And then it happend.- 300 pips As we know no one can turn the market or precisely predict whats going to happen next and these guys were caught that way. I lost about 30% of my account and other traders lost more. I was a bit upset at first but one must be realistic. It can happen. I wanted to quit this system but these guys said I can stay for free till I have all my money back. And yesterday and today they are back on track with some profit. Forex is not about winning all the time. These guys made a mistake but they are still better than I have seen the last few years. And I have tried many systems. I am very positive about them although I wanted to quit them. They are still in the top lot of profitable systems. And I am not sure if they are an EA or not. And I don't care I know and they know why they lost the money. I also know they feel bad about it and I have all reason to believe they care about the success of their customers and they will help you to make some money. You cannot have so many winning trades if you didn't know what you are doing. I think these guys are really good. Better than most. And they will only have customers if they make money since you can pay daily. Forex is not about winning all the time. Its win and lose and to be positive on average. So wait for the end results. And start small and with money you can lose. I am sure the result will be a good to great with King. The best traders in the world has a bad day or two but fight to come out on top. And I have a feeling these guys are good.

This is very likely just a signal service for his manual trading. The "advisor" is a trade copier and the e-mail he sent out "apologizing" for the recent drop stated how HE was "sorry for holding trades too long and over extending"

Also if you look at the lot size he's using, the pips gained per winner and what he is suggesting as a 50 pip firm stop loss... all spells disaster...

This shouldn't be in the EA section and should be in the signals service section in my opinion

This vendor is a liar he wrote me his king ea has 70 pips stop and opens max 3 trades simultanious. He has no backtests and no longer live history then one month and wanna sell his system for 10.000 USD haha. This is just another grid ea. Traders be carefull with your hard earned money !!!