The VR Smart Grid can be found in the Experts section of the MQL5 marketplace. We have added a link to it below. The expert advisor was created by Vladimir Pastushak and was first uploaded on the 27th of March 2018, it has been updated a number of times and was last updated on the 13th of February 2020, the latest version is 20.27.
Overview
The VR Smart Grid is an expert advisor that can be used with both the MetaTrader 4 and MetaTrader 5 trading terminals, the way that the expert advisor works is by using an algorithm that will allow you to trade with the trend and also against the trend. The expert advisor will trade with the trend when the previous order is already in the profit zone, it will trade against the trend in order to close losing positions in profit.
Some of the main features of the VR Smart Grid expert advisor are:
- Easy to set up.
- Suitable for beginners and professionals.
- It can work with any financial instruments. (Forex, Crypto, CFD, Futures, Metals).
- It can be optimized in the strategy tester.
- It can trade at any time period.
- It has several trading modes.
- It has several averaging modes, including smart averaging.
- It has several types of trailing stops.
Two versions of Expert Advisor for MetaTrader 4 and MetaTrader 5 have been developed. There are a large number of settings available however the list of them is not shown on the site, there are some recommendations that you should follow when using this expert advisor.
Conduct testing in conditions as close to real. Use demo accounts for tests. Test at least 2-4 business weeks. For quality and reliable testing, use VPS servers whenever possible.
The program settings allow you to run several copies of the adviser in one terminal, use this feature. Testing the adviser in the strategy tester will not give you guarantees and reliable good results. Do not leave the advisor on 24/7, always monitor the work of the adviser and, if necessary, adjust the setting.
Service Cost
You can purchase the expert advisor with a one-off purchase of $199, this will give you unlimited and restriction-free access. You are also able to rent the software, for a 3 month period it will cost you $30, for 6 months it will cost you $50, and to rent it for one year it will cost you $100. The site indicates that there is a free version available but the limitations or features of the demo version are not stated.
Conclusion
There are a massive 163 reviews at the time of writing which have given the expert advisor an overall rating of 4.5 out of 5.
“Honestly, this is the best EA I have been seeing in the market so far. It’s very stable and profitable. I have been using this expert adviser for three months now, and it generates steady and concise profits. I highly recommend it to everyone. I thank the developer for a great job, well done.” – A 5-star review.
”I’ve blown my account today (on EURUSD drop) after three weeks trading on Live. However, I leave a 4-star rating cause I think the EA just did what it’s been told. Although I have tested the EA on several demos with several settings, I think that I needed to learn more about the EA’s setting and parameter. I would recommend people get a lot of confidence of how this EA works before hitting the road. I will continue my learning on a demo account and maybe I will come back to the EA again.” – A 4-star review.
“I want to love this EA, but it has blown half of my account twice now. It will randomly take a trade that’s 60 times bigger lot size than others, and then I wake up to half my account gone. I used the developers set files for each pair. Very dangerous EA. Not recommended by me. I brought this to the developer’s attention and his response was just “Very strange! I also use these settings! But I have everything ok! Orders like yours closed with profit!” That response does not help resolve bad coding.” – a 1-star review.
So there is a mix of reviews, this is expected when using a grid-based expert advisor as they can easily blow accounts, there are also over 3,000 comments, the creator has responded to some of them but there are too many to reply to them all, we hope that the customer service once it has been purchased would get more responses. Due to its price, we would recommend contacting the seller to ask for a more comprehensive demo version so you can test it out to ensure that it meets your needs before making a purchase.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/28140
