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Quant King MT4 (MT4) — review, price and free alternatives
MT4 expert advisor$1599.99 on MQL5by Ng Jing Zhi
Quant King MT4 is a MetaTrader 4 expert advisor by Ng Jing Zhi, sold on the MQL5 Market for $1599.99. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Quant King MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Ng Jing Zhi
- Price
- $1599.99
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Quant King MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Quant King EA — Built for Gold Trading gold was never meant to be guesswork.
Before you buy Quant King MT4
What the developer claims
- Quant King EA is an intelligent trend-following grid system, purpose-built for XAUUSD.
- Why Quant King EA Most grid EAs are blind — they open trades in both directions regardless of market conditio.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- How it handles losing trades. The listing mentions grid trading. Find out how far it adds to losing positions and what the worst drawdown was.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Quant King MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Quant King MT4; what these notes say about how it works comes from that listing.
Overview
Quant King MT4 stands out because it applies trend-following filters before initiating a directional grid, rather than deploying symmetric grids that trade both ways indiscriminately. The algorithm calculates adaptive step sizes tied to recent ATR-derived volatility and scales lots relative to account equity, allowing the system to add to winning directional exposure while limiting concentration risk. This performance-focused design also employs equity stops and trailing safeguards to cap severe losses.
The EA handles trending XAUUSD conditions best and will underperform during multi-week sideways ranges. Expected trade cadence is moderate, with the majority of signals originating from higher timeframes to reduce noise and increase signal reliability. Ng Jing Zhi built the system with configurable risk profiles so traders can adjust aggressiveness, and recommended account sizing and conservative parameter sets produce smoother equity curves. Quant King MT4 aims for consistent, disciplined automated results without relying on high-frequency or martingale-style recovery techniques.
Risk notes
Quant King MT4 presents a moderate risk profile when configured conservatively and a more aggressive profile when lot scaling is pushed. The stop loss strategy relies on equity stops combined with adaptive grid step distances rather than fixed per-trade stops, which reduces the chance of single-trade blowups but can permit larger combined exposure during trends. Position sizing is proportional to account balance and volatility, and traders should cap risk per cycle to a small percentage of equity. Vulnerabilities include prolonged range-bound markets and sudden gold spikes during news events. A recommended minimum account size for standard settings is $5,000 to maintain reasonable margin and risk buffers.
Listed strengths
- Purpose-built for gold markets with tuned parameters
- Adaptive sizing reduces prolonged downside exposure
- Higher timeframe filters improve signal quality
- Configurable risk profiles for conservative or aggressive use
- Efficient MT4 implementation with robust order handling
Worth checking
- Requires careful account sizing to avoid large drawdowns
- Relatively high one-time price compared to simple EAs
- Performance depends on broker spreads and execution
Setup
Install the EA by copying the Quant King MT4 ex4 or ex5 file into the MT4 Experts folder, restart the platform, and attach the EA to an H4 or Daily XAUUSD chart. Use an NFA-friendly or ECN broker with XAUUSD support and low spreads for best execution. Preferred chart timeframes are H4 and Daily for signal generation; lower timeframes may be used for order management. Run thorough forward testing on a demo account and perform walk-forward tests before committing real capital.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Quant King MT4 or GoldStrike AI?
| Quant King MT4 | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($1599.99) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ng Jing Zhi | FxRobotEasy |
Quant King MT4 — questions
What is Quant King MT4?
Quant King MT4 is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Ng Jing Zhi, priced at $1,599.99 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Quant King MT4 use?
Quant King MT4 stands out because it applies trend-following filters before initiating a directional grid, rather than deploying symmetric grids that trade both ways indiscriminately. The algorithm calculates adaptive step sizes tied to recent ATR-derived volatility and scales lots relative to account equity, allowing the system to add to winning directional exposure while limiting concentration risk. This performance-focused design also employs equity stops and trailing safeguards to cap severe losses.
Does Quant King MT4 work on MT4 or MT5?
Quant King MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Quant King MT4 cost?
Quant King MT4 is a paid product listed at $1,599.99 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-02-28. It is sold and downloaded through the developer's (Ng Jing Zhi) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Quant King MT4?
FxRobotEasy has not traded Quant King MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Quant King MT4 elsewhere comes from its developer or from a third party.
How is Quant King MT4 installed and set up?
Install the EA by copying the Quant King MT4 ex4 or ex5 file into the MT4 Experts folder, restart the platform, and attach the EA to an H4 or Daily XAUUSD chart. Configure key parameters such as maximum lot size, base lot, equity stop, and grid step multiplier before enabling live trading. Use an NFA-friendly or ECN broker with XAUUSD support and low spreads for best execution. Preferred chart timeframes are H4 and Daily for signal generation; lower timeframes may be used for order management. Run thorough forward testing on a demo account and perform walk-forward tests before committing real capital.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.