Review of Gridzilla Expert Advisor (Grid Zilla EA)
|EA Name||Currency Pairs||Timeframe||Strategy||ECN||4&5 Digits||Take Profit||Stop Loss||Home Page|
|GridZilla EA||EURUSD||M15||Grid-trading||Yes||Manual||9||30-90||GridZilla Website|
Performance (Forex Gridzilla Expert Advisor Live Test Results)
$995 for one license of Grid Zilla EA.
Gridzilla uses Grid Trading which is a method which lays out a grid of pending orders above and beneath a defined midline. This method of trading is applied in one of two approaches; either Counter-Trend or Trend and uses large numbers of smaller-sized trades.
This one is extremely expensive, but comes with some of the most documentation for a single EA I have seen. It appears to have some manual work involved with it where the developers stress not to run it during certain times, or certain market conditions. For a $1000 price tag, Gridzilla should require absolutely no human intervention.
I will put it up on an account for testing using the recommended time filter settings, but will not be monitoring it for certain market conditions. Whatever happens with it, happens.