Forex Kingle Hedger EA Review: The King of Hedging Strategies

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Forex Kingle Hedger EA is an expert advisor (EA) that utilizes a unique time and price-based hedging strategy to trade the forex market automatically. Developed by a team of professional traders, this EA aims to generate consistent profits regardless of market conditions. But does it live up to its bold claims? Let’s take an in-depth look at how Forex Kingle Hedger EA works and whether it’s worth the investment for forex traders.

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Overview of Forex Kingle Hedger EA

Forex Kingle Hedger EA is marketed as the “king of hedging” strategies in the automated trading world. According to the developers, it can generate up to 70% in monthly profits depending on user-defined settings like profit targets and lot sizes.

The EA exclusively trades the EUR/USD and GBP/USD currency pairs on the popular MetaTrader 4 (MT4) trading platform. It utilizes a proprietary time and price-based hedging system that opens backup trades to hedge losing positions. This helps minimize losses when trades move against the EA.

Unlike other hedging EAs that use grid strategies, Forex Kingle Hedger does not open multiple positions at preset price levels. Instead, it analyzes market conditions in real-time and dynamically adjusts stop losses and take profit levels.

Key Features:

Time and price-based hedging strategy
Trades EUR/USD and GBP/USD pairs only
Customizable settings for profit targets, lot sizes, etc.
Real-time market analysis and dynamic trade adjustment
Suitable for both trending and ranging markets
Works on any MT4 broker (ECN/STP recommended)

So in a nutshell, Forex Kingle Hedger provides hands-free automated trading combined with advanced risk management through its unique hedging approach. Next, let’s look at some real user reviews and backtests.

Real User Reviews and Backtests

Several Forex Kingle Hedger reviews from real users showcase accounts growing from $5,000 to over $150,000 within 6 months. One YouTube review shows a $5k GBP/USD account hitting $157k in profits in just 6 months with the EA.

However, many of these results seem inflated or unrealistic for most users. More moderate yet impressive growth figures can be found on sites like MyFXBook. One verified account shows Forex Kingle Hedger running alongside another EA growing a $3k account by 30% in just 3 months.

As for backtests, most users seem to be achieving between 20-50% in monthly returns on average. One backtest on a cent account shows the EA growing $50 to over $900 in less than 3 months with 88% profitability. Of course, past results don’t guarantee future performance.

So while the extremely high profit claims of turning $5k to over $150k in months seem exaggerated, Forex Kingle Hedger appears capable of generating steady 20-50% monthly returns based on user testing. As always, traders need to exercise caution and manage risks properly when using any EA.

Using Forex Kingle Hedger EA: Tips and Settings

Forex Kingle Hedger comes optimized for the EUR/USD and GBP/USD pairs on MT4. However, some user customization options are available to tweak performance:

Account Balance – The developers recommend a minimum account balance of $5,000 (or equivalent in cents, e.g. $50k cent account)

Timeframe – The EA can trade any timeframe from 1 minute to 1 month. Optimal TF will depend on volatility and trader preferences.

Profit Target – Users can set a daily/weekly/monthly profit target in dollars or percentages. More aggressive targets = higher position sizes and risks.

Increase Risk – This increases position size exponentially when the EA hits a certain profit target. Can boost returns but also increases downside risks substantially.

Lot Size – Default is set to 0.01 lots per $5k balance. This auto-calculates based on account size. More aggressive traders can manually increase.

Slippage/Spread – Keep slippage below 5 pips and use ECN brokers with low, fixed spreads for best results. High slippage markets like Monday opens may need to be filtered out.

Broker – Works with most brokers but ECN/STP models with fast execution are recommended for reliability. Does not work with FIFO brokers.

By tweaking these settings appropriately for their account size, risk tolerance, and target performance goals, traders can potentially optimize the EA’s profitability. However, restraint is advisable as aggressive settings can increase downside risk exposure.

The Verdict? Forex Kingle as a Set-and-Forget Hedging Solution

In summary, Forex Kingle Hedger EA provides traders with an automated hedging system that can generate steady profits on GBP/USD and EUR/USD pairs. The proprietary time and price-based hedging algorithm aims to minimize losses and maximize winning trades.

For traders looking for “set and forget” style passive income solutions, Forex Kingle Hedger may be worth exploring. However, expectations need to be realistic – returns closer to 20-50% per month are more likely for most users rather than the extremely high figures advertised of turning $5k accounts into $150k+ within months.

As with any EA, proper account management, risk control, and monitoring are still essential. But overall, Forex Kingle Hedger presents an intriguing option for hands-off automated trading combined with advanced hedging techniques to navigate all market conditions profitably.