The concept proposed by the developers of EA Simple Grid Trader certainly deserves your attention. During his work in the financial markets, the author of the GMT Partner project encountered many different opinions. This included the opinion of certain ‘gurus’ that opening two opposite positions on one financial instrument simultaneously is a foolish idea.
They ask, “Why pay the spread twice?” Having two opposite positions is, in their opinion, the same as having no positions. No matter where the market goes, if you have two opposite positions, you will never make money because your unrealised profits will always be offset by your unrealised losses. Even if the market stays where it is, the double spread on opening and closing positions and SWAP will result in a loss to your trading account balance.
Nevertheless, the results of trading with the SGT Expert Advisor are quite impressive. For testing on the market, we used five financial instruments — one for each segment (FX, energies, cryptocurrencies, precious metals and indices). Only financial instruments for which the balance of power favoured neutral market participants or had been mixed were selected.
Even without advanced settings, the basic version of SGT generates a profit of several percent every day. The most important thing is choosing the right financial instruments.
The video provided by the EA developer does a good job of explaining how the software works.