Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, it's rare that a trading robot genuinely impresses me. The GRain EA MT4, developed by Roman Erokhin, has garnered a lot of attention with its 5-star rating and glowing user reviews. But does it live up to the hype? Let's dissect its features, analyze its performance, and see if it's worth your hard-earned money.Description of Features
The GRain EA MT4 is designed to simplify Forex trading with a focus on live signals and real-time data. Key features include:- Live Signals: Unlike many EAs that rely on backtested data, GRain EA MT4 uses live signals to make trading decisions.
- Risk Management: The EA avoids high-risk strategies like martingale and hedging, opting for stop losses and take profits instead.
- Customization: Users can adjust parameters such as lot size, stop loss, take profit, and trading hours.
- User-Friendly Interface: The EA comes with a personalized guide and access to a Telegram club for additional support.
Performance Analysis
Over the past year, GRain EA MT4 has shown consistent performance across various market conditions. According to user reviews, the EA has an excellent risk-reward ratio and stable profitability. Jose David Rivera Trejo mentioned that the EA opens very accurate trades, while wang lala highlighted its ease of use and stable profitability. However, Irfan's review suggests a wait-and-see approach, indicating that the EA's long-term performance is still under scrutiny.Pros and Cons
- Pros:
- Accurate trade signals based on live data.
- Robust risk management features.
- Highly customizable settings.
- User-friendly interface with comprehensive support.
- Cons:
- High initial cost of $499.
- Requires manual intervention during certain market conditions.
- Long-term performance still needs more user feedback.
Conclusion
In summary, GRain EA MT4 offers a compelling package for serious traders. Its reliance on live signals and robust risk management features make it a reliable tool for Forex trading. However, the high cost and need for occasional manual intervention may deter some users. We encourage traders to discuss their experiences with GRain EA MT4 on our forum and share their results.Source Code of GRain EA MT4
We don't have access to the original source code of the GRain EA MT4 sold on MQL5. However, based on its description, we have created a sample code available on easytradingforum.com. Note that this is not the original code but a version developed by the EASY Trading Team based on publicly available information.
Code:
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