Grid Master Pro is a Forex robot that is the professional version of the BF Grid Master EA, developed by the same team. As per vendor claims, this EA has several additional strategies that allow it to win more profits. However, this is something we need to verify at our end.
You can purchase Grid Master Pro at the price of $137. This gives you access to 1 real and 3 demo accounts, along with 24/7 customer support. The vendor offers a 60-day money-back guarantee for this product.
Grid Master trading strategy
This robot tries to capitalize on price volatility in the market by opening a grid of orders above or below a fixed price. This type of trading approach aims to extract profits from ranges or trends. Initially, the robot opens a normal grid of orders, and then places extra recovery trades, if required. For the recovery trades, Grid Master Pro uses a scalping strategy to take advantage of the small price differences.
The default settings of this robot are for the GBP/USD pair, but the vendor has also included set files for NZD/CAD. It is recommended that you start with the balance of $3000, in spite of the minimum starting balance being $1000. You can choose between conservative and aggressive trading modes for M15 charts.
Grid Master Pro features
Grid Master Pro has a money management system that lets the robot compute the size of the trading lots according to the account free margin and the risk. It also has an advanced news filter that lets you avoid trading on days when important events are scheduled to occur.
Grid Master Pro comes with a Friday Exit System that lets you instruct the system to cease all deals on Friday evening. Thus, you don’t have to keep the trades open during the weekend. The robot is compatible with Windows OS and Mac OS. You can run it on Metatrader 4 as well as Metatrader 5. When you complete the purchase, the user provides you with a user guide that elucidates how to set the software up and configure and optimize it.
Grid Master Pro backtesting results
Here we have the 10-year historical performance for the GBP/USD pair. Grid Master Pro started with $5000, conducting 4871 trades, winning 80.97% of them. As a result, it generated a total profit of $355193.90.
During this backtest, the robot managed 27 maximum consecutive wins and 5 maximum consecutive losses. It had a relative drawdown of 36.04%, which indicates a high-risk strategy. The profit factor for this backtest was 3.95.
Grid Master Pro live trading results
This live account was launched on February 19, 2021. Thus, the trading is too short for us to accurately gauge the robot’s profitability. The EA has placed only 221 trades through this account, winning 159 out of them, which means it has a win rate of 72%. To date, the total profit generated through this account is $5100.03.
The drawdown for this account is a bit high at 29.65%. Grid Master Pro uses risky strategies like grid and scalping that increase the trading risk and can often lead to large losses. The profit factor for this account is 7.81, while the daily and monthly profits are 0.21% and 6.70%, respectively.
Looking at the trading history, we can see that the EA only generates small profits for each trade. At this rate, it would take a long time before you can make substantial profits in the live market. Not only is this a risky strategy, but it is totally unsuitable for long-term traders.
Grid Master Pro reputation
Grid Master Pro is a product from the FXautomater team that is based in Seychelles. There is not much information available on this company and the vendor has not shared any contact information. However, the company has profiles on social media platforms like YouTube, Twitter, and Facebook. Other products from this team include BF News Trader EA, Omega Trend EA, Smart Scalper Pro, Grid Master Pro, GOLD Scalper Pro, Smart Scalper Pro. Unfortunately, there are no authentic user reviews for this EA.
Grid Master Pro review summary
- Strategy – 2/10
- Functionality & Features – 3/10
- Trading Results – 3/10
- Reliability – 3/10
- Pricing – 4/10
Grid Master Pro is not a system you can trust with your trades, primarily because it uses risky strategies like grid and scalping. It has not been live trading for too long and also exhibits a high drawdown.
