My forex grid trading EA review is not to discredit the automatic software programs however I do not believe they are the best option for most forex traders. The EA's (expert advisors) are software programs that are designed to make trades and research them automatically. It saves the trader a lot of time, sometimes days of work, in order to find and execute trades.
The problem with EA's is sometimes they come with problems such as programming issues. People will buy or use these automatic forex trading robots in order to find a quick way to earn money. Unfortunately these programs work best when the program compliments a trading strategy they are already doing. The trader understands how to program the robot to function as if they were researching and entering the trades manually. When you do not understand what the robot is doing, you run the risk of losing money, sometimes a lot of money.
My forex grid trading review is based on facts. Grid trading is a great forex strategy however using an EA to make the trades is too risky for this strategy. Traders have reported losing all of there money in one day along with software and bug issues. Many EA's exist for this strategy and not all of them have software and bug issues but if you are familiar with this strategy than you should be aware that this strategy is great when done manually.
Other issues that may arise with a forex grid trading EA
Even more problems and issues may arise. I just want to encourage fx traders to first utilize the grid trading strategy manually first, and become an expert either in a demo account or paid account, to understand how to set the settings inside the EA if you decide to use it.
Many people rate the EA highly online. If the grid trading robots were so great everyone would be using them online, especially experienced forex traders, and making money with them. However, when you read the reviews most people who rate them high have been using them only for a few months. The grid strategy usually takes longer than a few months to complete. When fx traders talk about the profits they have made with the grid strategy robot, they do not divulge the amount of money they still have invested with the strategy. One long trend can wipe out any profits they have made.
If you really want to learn how to trade the forex grid trading strategy I suggest checking out A Simple Grid Trading Strategy That Works. Inside you will learn everything you need to know about the grid strategy and how to truly trade with it. You will not find a better source for this trading strategy anywhere on the internet.