Located on the MQL5 marketplace, Smart Grid Expert was created by Vadim Korolyuk and uploaded to the marketplace on the 17th of March 2020, it has had a few different updates, the most recent update was on the 25th of March 2020 and this brought the EA up to version 1.5.
The Smart Grip Expert is an expert advisor that was developed to be used with the MetaTrader 4 trading platform, it is a grid-based expert advisor which means that it can open up a lot of trades when the markets are going against you. It will open up trades in the same direction in the hope that the markets will reverse and then all trades can be closed for an overall profit, the concern comes when the markets do not turn and keep going against you, it can create a lot of trades with an ever-increasing drawdown and can potentially blow an account if it is not large enough.
The EA will analyze daily timeframes to determine the trend reversal and will open up orders in accordance with the trend. The Ea does not sue indicators, it will instead collect a grid of orders, regardless of whether the previous positions was a profit or a loss. The EA will try to protect the account by not trading during spread expansions at the end of a trading day or market swap over.
The EA was designed to be used with the GBPUSD currency pair and works with both 4 and 5 digit accounts.
There are a few parameters that come with the EA, these can be altered to change the way that the EA functions, some of the settings include the fixed lot sizes, the volume of trade to increase each time, money management settings, the amount of the account to risk, the gird step size, magic numbers, slippage settings, maximum spreads and more.
The Smart Grid Expert EA will cost you $500 to purchase with a one-time payment, purchasing it will allow you to activate the software up to 10 times and there are no further limitations to the purchased version. There is also the option to rent it, this can be done on a three month period that will cost you $150 for that time, or you can also rent it for six months which will cost you $250. There is a free demo version, this is limited to only being used with the strategy tester within the MetaTrader 4 platform and cannot be tested on a live account.
Unfortunately, at the time of writing, there were no reviews or ratings fro customers available on the site, so we do not know whether people are finding the EA useful and whether it has been profitable for them. There is also just the one comment which is from the developer giving out some new settings in a file. This does at least show that the developer is still supporting the EA which is a good sign, we would still suggest contacting the developer with any questions about the EA, just to make sure that it is the right EA for you as it does have quite a high purchase and rental price.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/46466