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EA Review: Grid Hero

In this review, I’m taking a closer look at a new expert advisor that’s combined multiple trading strategies in order to create a winning trading system, Grid Hero. While many traders are frequently disappointed by grid trading, this fact has not stopped this development team from using this method in a new way. It will be interesting to see if this developer is able to avoid major drawdowns, which is historically the issue with this type of trading strategy.

The software is developed by Dave Ng (Chock Hwee Ng), who is located in Singapore. Dave has 2 expert advisors available on the MQL5 market, the second being Project Volas, which is focused on detecting fast price movement when providing trading opportunities. Outside of the MQL5 community, there is no real information on this developer. In order to get in touch with support, traders can direct message Dave through his MQL5 profile.

Grid Hero Review

The Grid Hero EA “uses a revolutionary grid algorithm (P.A.M.A) together with a signature synergy of price action trading and an artificial instincts self adaptive processing unit.” I don’t know about you, but while that sounds amazing, it comes across as a lot of gibberish to me as well. Dave also tells us that the system used some sort of reverse to sampling development methodology that has allowed the system to show profit in a 13 year back test.

The EA comes with a built-in news filter, time filter, volatility filter and spread filter. Considering the system is frequently looking for scalping opportunities, it is important that the developer has included these filters to ensure that the software isn’t trading when the market is at its most erratic points.

The system works best when the market is ranging, with a minimum deposit of $3000, on low spread brokers with a 1:400 leverage. These are all recommendations that come directly from the developers sales page, so it’s very important the traders tick every single one of these boxes if they plan on utilizing the software. This is really the case with any EA that I review, like Belkaglazer or Apogeum Price Action.

Breakdown

  • Type: Forex Robot
  • Price: $488
  • Strategy: Grid, Scalping, Price Action
  • Timeframe: H1
  • Pairs: EURUSD

Currently, traders can access the Grid Hero robot for free on demo, or purchase a license for $488. The license is also available for lease on shorter-term periods, such as 3 months for $138, and 6 months for $238. Personally, I find that these lease periods are too expensive, so I recommend that you thoroughly test the software on demo account, before moving to a live license.

Recently, we’ve seen many EA’s trying to accommodate to multiple currencies, but in this case we are looking at the EURUSD pair. Personally, I find more success with Forex robots that focus on just a couple of pairs at a time.

Trading Results

One of the main issues I have with most MQL5 programs is the lack of verified trading results. Sadly, this trend is continued with the Grid Hero software as the development team strictly provides us with images of back tests. While these back tests are certainly impressive, with the majority of them going from 2004 to 2017, this doesn’t account for live trading data, and that’s where trades are either won or lost.

My recommendation here, is that the development team takes their accounts and uploads them to either FX Blue or Myfxbook. This will go a long way in allowing us to further analyze the trading results, and get a better understanding of how the software works. Until I see some data, I won’t be able to stomach spending $488.

Client Feedback

So far, there are 13 reviews for the Grid Hero EA, and they are all 5 star recommedations. This is a very good sign, and one of the reviews even said that the real trading is just like the back tests, which conflicts with what I was saying in the trading results section.

Seeing this many positive reviews certainly makes me want to give this more of a chance.

I still want to see live trading results, but this is a step in the right direction.

Conclusion

While I’m generally very scared by grid trading systems, the Grid Hero, in the short term, looks to have a more advanced methodology that limits the risk. As always, I do hope that I can see some real trading accounts in the near future, and then I will look into testing the system on my own.

Until then, please leave your comments and questions about the software below the article now. Thank you for stopping by, and feel free to message me anytime.

Grid Hero $488
  • Price
  • Strategy
  • Results
  • Feedback
  • Support

Summary

Grid Hero is a Forex expert advisor that uses multiple strategies simultaneously.

Overall
2.8
Comments Rating 0 (0 reviews)

Pros

Built-in news filter
Multiple strategies

Cons

No verified results

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

12 comments

  1. I like how it has a 13 year backtest proof with results. Has 5 star reviews from 13 people which is great as well. I see it might have some issues during the erratic trading periods which means it might not be great for beginners.

  2. Hi,

    Can you give me a reference of some good managed accounts to invest in?

  3. I don’t mean to be rude, but I am not sure what is the point of a “review” if you haven’t tried the EA. You are reviewing the description page and providing your opinion on the backtest images? Either review properly (at least with some demo results) or just don’t write a “review”..

    • Hi Ilya, I appreciate your concern, but it seems based more on the semantics of our team labeling this article a review. It is labeled a review, as that’s what traders are searching for in Google. This review may not be as in depth as you would like, but it gives information, analysis and provides an area for clients to leave their personal reviews. Without the post being labeled as it is, you wouldn’t be able to find it, and neither would the other traders that have already left their contributions. Over time, more information and feedback will be provided.

  4. Sayed Mohd Shehab

    hi

    i brought this ea month ago until now i can say its great results with gear MM

  5. Look at the mql market faq, they’ve a live account on fxbook.

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