VR Smart Grid EA – A Comprehensive Review

Table of Contents

The VR Smart Grid EA is an expert advisor (EA) for the MetaTrader 4 and 5 trading platforms that utilizes a grid trading strategy to open and manage trades. It was developed by Vladimir Pastushak and first released in March 2018. The EA aims to close market positions in small batches to realize small profits and reduce losses efficiently.

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Some key features of the VR Smart Grid EA include:

Fully automated trading system
Uses grid trading strategy
Closes positions in small batches
Easy to set up and use
Suitable for beginners and professionals
Can work with any financial instrument like forex, crypto, CFDs etc.
Multiple trading modes and averaging methods
Free updates and support from the developer

How the VR Smart Grid EA Works

The core strategy used by the VR Smart Grid EA is grid trading. This means it opens multiple buy and sell orders at preset intervals to form a grid. As the market moves, orders get activated and closed automatically to capture profits.

The EA allows configuring the distance between grid levels and uses methods like Fibonacci to calculate optimal spacing. Other key aspects include:

Entering Trades

Initiates buy/sell trades based on current market direction
Adds orders at regular grid intervals to build position network
Lot sizes can increase at each grid level as per settings

Managing Traces

Monitors all open positions from itself or other EAs
Closes trades partially in batches to realize small profits
Helps reduce losses by closing losing positions sooner

Risk Management

Inbuilt features to manage risk like maximum lots, slippage control etc.
Supports hedging strategies to counter trading risks
Allows recovery trades with martingale or averaging methods

Exits and Take Profit

Closes grid trade network in pieces when take profit conditions meet
Take profit levels can be fixed, dynamic or based on indicators
Can trail positions to lock profits during favorable moves

Performance and Backtests

The developer provides some backtest reports and account statements to showcase historical performance. However, live or verified forward tests would have provided more reliability.

Some key metrics are:

Total net profit over $5000 achieved
Maximum drawdown of 18% observed
Profit factor varying from 1.5 to over 6 in different tests
Mostly positive results across multiple currency pairs

Overall results seem decent but use of grid strategy could lead to volatility risk and heavy drawdowns. So conservative position sizing is advisable, especially for smaller accounts.

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Using the VR Smart Grid EA

The VR Smart Grid EA works in fully automated mode so doesn’t require manual intervention. However, traders need to set it up properly for best results:

Select suitable symbol, timeframe (M5/M15 good options)
Input parameters like grid spacing, TP levels, lot sizes etc.
Optimize settings if needed based on backtest results
Use reasonable position size relative to account size
Monitor trades occasionally and intervene if required

The EA allows full flexibility in inputs. Traders can experiment with number of grid levels, martingale coefficients, averaging methods etc. to create own strategies.

Pros and Cons

Pros

Fully automated trading strategy
Flexible input parameters allow customization
Works across multiple financial instruments
Free updates and support from developer
Detailed documentation and usage instructions provided

Cons

No verified live forward test results available
Grid trading carries inherent risks of volatility and drawdowns
Requires careful position sizing and risk management

So while the VR Smart Grid EA offers convenience of automated trading, it also carries risks like any grid system. Traders should use prudent money management given the high leverage in forex trading.

Conclusion

The VR Smart Grid EA implements an automated grid trading strategy for the MetaTrader platform. It aims to close trades in batches to realize small profits efficiently. The system offers flexibility in usage across different markets. Historical backtests showcase decent profit potential. However, the inherent risks in grid trading cannot be ignored. Traders need to manage risk well and avoid overoptimizing backtest results before using this EA. Overall, it provides an accessible method to experiment with automated grid trading strategies.