Are you searching for the Mountain King EA reviews in order to find out what is Mountain King robot and how it works? The Forex Expert Advisor vendor promises to change traders’ financial story, and increase their accounts at an exorbitant rate, so is it a scam or legit? You are absolutely in the right place because here, within our Mountain King EA review, you are going to find out the complete truth about Mountain King EA.
Actually, we don’t recommend anyone to use Mountain King EA. If you want to know why, then you can find the details within our Mountain King EA review below. If you don’t want to find out more details on it, but instead want to find out the legit Forex trading software, then you can click this link:- Best Forex Robots.
OK, let’s begin with our Mountain King EA review in order to find out what is Mountain King EA in real.
Mountain King EA Contact: In order to get in touch with support, traders can email [email protected].
How Mountain King EA Works
At first glance, the Mountain King EA sales page is very smooth and professional, but as you scroll down and read some of the content, the professionalism bleeds away. It’s quite apparent, that the developers of this website used an exact word press theme, and named their robot to fit the theme exactly. Once you get halfway through the website, the theme looks broken, as there are a bunch of images out of place and content that doesn’t fit with the overall aesthetic. This doesn’t mean that the robot is a bad performer, but it does mean that the developers have done a poor job with their web design.
In terms of strategy, the team put forth the idea that they are using virtual trades. Yet, in looking closer at this statement, I recognize that it is plagiarized from the Forex Flex EA website.
This is a major red flag.
When the developers are explaining the strategy of their software, they’ve stolen the content from another expert advisor. This is almost unforgivable.
- Type: Forex Robot
- Price: $97-117
- Strategy: Virtual trades (not true)
- Timeframe: Undisclosed
- Pairs: USDJPY
The current price of the Mountain King EA is $97 for 3 licenses and $117 for 5 licenses. The reason I put not true next to the virtual trades strategy is in reference to what I discussed in the first couple of paragraphs where the developers stole the explanation from the website of another expert advisor. This makes absolutely no sense, and is a major issue that we just can’t gloss over. There is no reason why this developer can’t explain how the software works, which makes this type of deception both confusing and detrimental to their sales process.
The developers provide us with one live cent account with the Fibo Group brokerage. The account is hosted on Myfxbook, which is showing a gain of just over 350% since early August 2017.
The results can be quite erratic from month to month with the Mountain King EA jumping from an 84% gain to an 8% loss, to a 138% gain, to a 12% gain. While these numbers result in a very strong overall performance, it does show that the system can fluctuate aggressively. In its worst-case scenario so far, the EA has had a drawdown of nearly 29%. This is not a large drawdown considering how erratic the system can trade.
The EA trades the USDJPY exclusively, and during its 3 months of trading, there have been 100 trades. The average win and average loss are both approximately 32 pips, which makes for an effective win-loss ratio.
Review Verdict – Mountain King EA is a Scam
Our best advice for you
After reviewing the Mountain King EA results, I’m even more confused about why the developers are plagiarizing from other Forex robots. The results show that the system can be profitable in the short term, and have some pretty impressive elements. Why they have chosen to steal content from other trading systems in order to promote their own makes no sense at all, considering that their software is actually performing well.
This lack of professionalism is stopping me from signing up for their service, even though I see some potential in the trading results. Please let me know what you think about this EA, by leaving your comments and questions below the article now.