FXEURGrid Review

FXEURGrid Review

In this post I will be reviewing the FXEURGrid expert advisor (EA) for the mt4 trading platform. For those who do not know, an EA is basically the term used to describe a forex robot. This particular forex robot is fully automated which means it can place and manage orders on behalf of the user. You just need to download the MetaTrader 4 trading platform which is freely available from most good online forex brokers.

The FXEURGrid developer has shared a real verified live Myfxbook account of this forex robot that at the time of me writing this FXEURGrid review is showing a gain of around 250% having been trading for over a year and a half, drawdown is creeping up to the 30% mark which is not unheard of for a grid trading system. It would be interesting to see how that performance has faired as you are reading this review.

FXEURGrid Review - Myfxbook Results
FXEURGrid Review – Myfxbook Results

FXEURGrid Trading Strategy

As the name rightly eludes to, the FXEURGrid EA incorporates a grid trading strategy. This involves opening multiple orders to try and profit from price movement regardless of the direction in which the markets move. It runs on the major EURUSD currency pair which has some of the tightest spreads and plenty of liquidity, provided you are using a good ECN forex broker.

However, the system has a drawdown limitation that will not allow you to have infinitely increasing losses, which you can encounter using other grid strategies. The FXEURGrid EA is compatible with any MT4 broker and has no special requirements for the broker to be able trade. Of course, the tighter the spreads and lower the commission charges, the better. The trading robot is easy to install and configure – the only thing that you need to do is to specify the desired risk (percentage) and choose one of the 3 trading modes (Safe, Normal, Aggressive). The developer of FXEURGrid has stated that it has the following minimum deposit requirements:

  • Safe mode $3000 ($300 for micro and $30 for cent accounts)
  • Normal mode $2000 ($200 for micro and $20 for cent accounts)
  • Aggressive mode $1000 ($100 for micro and $10 for cent accounts)

FXEURGrid Back Testing

The FXEURGrid website does not have any back tests for us to refer to but there is the real verified live trading account that can give a rough idea of historical performance of this EA. If there were back tests, I would have like to have seen them with 99% modelling quality using real tick data, variable spreads, commissions, slippage and swaps.

FXEURGrid Live Results

To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

FXEURGrid Summary

Overall, the FXEURGrid robot has proved it can make profits for a sustained period of time provided that the market conditions are suitable. It remains to be seen how it will fair over coming years but I personally feel slightly uncomfortable with the fact that it uses a grid trading system and the draw down is too high for my liking. That being said, those who understand and accept the risks involved with grid trading, may be interested in this particular forex robot. The FXEURGrid software includes instructions, updates, support and a money back guarantee.

FXEURGrid

$220
6.8

Profit

7.5/10

Frequency

7.0/10

Safety

5.0/10

Consistency

7.5/10

Features

  • Grid Trading Robot
  • EURUSD
  • Fully Automated
  • MetaTrader 4
  • Full Support
  • Free Updates
  • Detailed Instructions
  • Money Back Guarantee