Killa Gorilla uses grid and martingale strategies with stop loss features to protect the account from high drawdowns. Traders can tweak the preset file of the algorithm to make it work according to their risk appetite. Our article will discuss all the important features of the EA and decide whether you should implement it in your accounts.
Detailed forex robot review
The robot is presented through the sellers’ website, where traders will have to agree to the terms and conditions before entering the main page. The developer lists all the important features neatly under different tabs so that you can access the information you require easily.
The product developer is James Cross, who developed the algorithm back in 2015. He does not provide any information on his whereabouts or his trading experience, which raises many concerns over the authenticity of the product.
Killa Gorilla has the following set of features:
- A high-frequency trading robot that works with full automation
- It comes with various inbuilt settings such as daily target and equity stop that traders can use to set their risk management
- It comes with a builtin news filter to avoid volatile economic conditions
- It works on all brokers and is compatible with the MT4 platform
- It can also run all currency pairs; however, the developer recommends using it on EURUSD
How does it work?
The algorithm is available to download after you open an account with the broker of the developer’s choice. Traders will have to mail in the account numbers to the developer so that he can activate the product. After that, place the ex4 file in the experts’ directory of the MT4 platform. Refresh the experts tab and enable auto trading. Drag the robot on the respective charts to begin trading.
Killa Gorilla FX Master strategy tests
The robot works on all currency pairs, but the developer recommends using it on EURUSD and AUDUSD. It is a high-frequency trading robot based on price action and uses a fully automated scalping approach to the market. The EA uses grid and martingale strategies with a stop loss, news filter, and spike protection to protect itself from volatile conditions. The robot can be tweaked to produce more profits but at the expense of increasing the total risk.
The developer doesn’t provide any backtesting results, which is a poor approach. The robot might have failed during backtesting as it uses martingale and grid strategies.
No trading results
There are no live account results that the developer presents. This type of approach shows that the product doesn’t work. It raises many concerns over its authenticity. Fraudsters usually follow such practices in the financial marketplace.
The robot is available as free to download; however, you must open an account through the broker of the developer’s choice. Doing so allows the developer to earn some affiliate commission. This way, he is able to make money for himself. He tries to lure beginners by constantly stating that the product is free, which is not the case.
The developer does sell the robot, but he is not clear on the pricing model.
Customer reviews are present on Forex Peace Army where five reviews give the algorithm a 3.665-star rating. Traders are cautious of the martingale and grid strategies and state that using the robot has resulted in a complete loss of their funds.
Killa Gorilla is not a safe algorithm to use as it utilizes risky martingale and grid strategies. Many robots in the financial marketplace follow the same game plan and cause margin calls.
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