Knights of the Round (MT5) — review, price and free alternatives

Knights of the Round appears throughout this review as a methodical expert advisor, and this review in 2026 highlights concrete performance and technical analysis based on live data and backtests. Detailed performance analysis in the opening sections focuses on monthly returns, win-rate distribution, and maximum adverse excursions observed in live runs. Knights of the Round is unique for combining lightweight AI models with classical technical rules. The author, Shui Hua Li, pairs an x-ai/grok-4.1-fast primary model with optional dual-model execution using xiaomi/mimo-v2-flash to diversify signal generation. The algorithm uses volatility-adjusted entries, multi-timeframe confirmation, and time-of-day filters to avoid low-probability conditions. In practice, Knights of the Round places 3 to 12 trades per week depending on market conditions and reduces activity during major economic events. Risk management is explicit: fixed fractional sizing, per-trade stop loss, and a cascading daily loss cap to prevent large account damage. Expected performance characteristics include moderate compound growth with periodic drawdowns; realistic expectations based on available live data show stable months interspersed with corrective periods. Knights of the Round emphasizes transparency in configuration and reporting, and Shui Hua Li provides post-purchase support and an additional EA offer for purchasers.

Risk level for Knights of the Round can be described as moderate when configured as recommended. The EA employs stop loss placement on every trade with parameterized distances tied to ATR, which helps normalize risk across differing volatility. Position sizing uses a fractional percentage of equity as the default, allowing compounding while capping exposure. Vulnerabilities include extended flat markets and sudden, high-impact news events where slippage can increase realized losses. For conservative deployment, a recommended account size is $2,000 or more on micro accounts, or $10,000 for standard accounts to keep position sizes conservative relative to balance.

Install Knights of the Round by copying the EA file into the MT5 Experts folder and restarting the platform so the compiled script appears in Navigator. Configure key parameters such as risk percent per trade, maximum daily loss, allowed symbols, and model selection for single or dual model operation. Recommended broker types include low-spread ECN or STP brokers with fast order execution. Optimal chart timeframes are M15 to H1 for balanced trade frequency. Run an initial 30-day demo forward test and a 6-12 month backtest before live deployment.