Question 1

What is the main trading strategy of Queens Royal Knights EA?

Accepted Answer

It is a conservative Grid Trading EA that primarily uses a controlled grid system on GBPUSD. All other strategies are disabled by default for maximum stability.

Question 2

Is Queens Royal Knights a Martingale EA?

Accepted Answer

No. It uses a non-martingale grid with a very low lot multiplier (0.01), making it much safer than traditional martingale systems.

Question 3

Which currency pairs does it trade?

Accepted Answer

The EA is currently optimized and active only on GBPUSD. Frameworks for AUDUSD and NZDUSD are pre-configured and can be activated manually if needed.

Question 4

What is the recommended minimum capital?

Accepted Answer

A minimum of $300–$1,000 is recommended for safe grid trading on GBPUSD with 0.01 lot starting size.

Question 5

Can I use this EA on Prop Firms or FTMO challenges?

Accepted Answer

Yes. The EA has built-in Prop Firm & FTMO settings (currently turned off). You can enable them and adjust risk parameters to meet most prop firm rules.

Question 6

Does the EA trade 24/7?

Accepted Answer

Yes. Once activated, it monitors the market continuously and places grid orders according to its logic on GBPUSD.

Question 7

What is the expected drawdown?

Accepted Answer

With default conservative settings, drawdown is usually kept low. However, grid strategies can experience temporary floating drawdown during strong trending markets.

Queens Royal Knights MT5Premium

Before You Start