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Grid Master Pro Review

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Grid Master Pro

Grid Master Pro works on GBPUSD and NZDCAD using the grid strategy. It trades the market with utmost caution to avoid large drawdowns. It has an advanced time management system, Friday exit, spread and slippage protection, etc., to avoid situations that can cause a large amount of drawdown. Let us discuss if using a grid strategy is beneficial for your trading.

How Grid Master Pro works

The robot requires the following steps to work properly:

  1. Purchase the system at the developers’ website
  2. After receiving the product through email, place it in the experts’ directory
  3. Enable auto trading and attach it to the charts

Vendor transparency

FX Automater is the producer of the algorithm. The company states that they are a team of professional forex traders with 15 years of trading and ten years of development experience. There are no track records or other information available that can provide users more knowledge on the topic.

Features

The EA has the following features:

  • It comes with slippage and spread protections
  • It has an advanced news and volatility filter
  • It can use email and push notifications
  • It can trade only on the long and short sides

Applied strategies

The developer states that the robot works on the GBPUSD and NZDCAD and uses the grid strategy to get out of losing trades. The developer is not transparent on the other gameplans that the EA uses for entry and exit. They state that the robot uses high frequency scalping drawdown compensating trades when the trades are opened in the wrong direction. Using the trading history on Myfxbook, we see that the robot also uses martingale in addition to the grid, which the developers do not declare openly. This type of approach raises concerns about the developers.

The trading history of the robot.

The developers present backtesting results through an image and contrast it with their own robot. For GBPUSD, the robot had a relative drawdown of 36.04% and turned an initial deposit of $5000 into $253837. It had a winning rate of 80.97% with a profit factor of 3.95. The average amount of profitable trades was $120.61, while the average amount of losing deals was -$129.98. There were a total of 4871 trades executed during this period.

Backtest report for GBPUSD currency pair.

Grid Master Pro trading results

Verified trading records on Myfxbook show performance from Feb 19, 2021, till the current date for Grid Master Pro Real. The system made an average monthly gain of -6.58% during the period, with a drawdown of 29.65%. The drawdown value is high, stating that the algorithm loses nearly half of the trading capital. The ratio between drawdown and monthly output is also poor. The winning rate stood at 72%, with a profit factor of 7.84. The best trade was $886.01, while the worst was -$59.73. There were a total of 218 trades. The developer made $10000 in deposits and $0 in withdrawals. 

Live records on Myfxbook.

Pricing & refund

The robot is available for $137 for one real and three demos. There is A 60-day money-back guarantee. 

The pricing of the EA.

Other notes

There is only a single review present on Forex Peace Army. The user gives them a three-star rating and states that they will continue testing their algorithm after a few weeks. Lack of reviews means that not many customers are willing to test their systems. 

Customer review on FPA.

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