What South East EA Is
South East EA by Sugianto (MQL5 market, $250) is a multi-symbol grid the vendor himself describes as "grid averaging with mild martingale": when a trade moves against the position, more are added at better prices, lot size rises moderately, and the whole basket closes in profit. On top come a virtual stop-loss/take-profit, a news filter and a drawdown cut-loss that flattens everything at a set threshold. The EA has been on the market since August 2021, is maintained (version 4.50 from June 2026) and ships set files for 20 pairs.
We have run South East EA on our own live account since 27 May 2026 (RoboForex ECN, MT5, $3,000 starting capital). The figures below come from that account's Space Tracker record.
The Numbers From Our Account
As of 20 September 2026, after 115 days and 807 closed trades:
- Gain: +56.5% ($1,552 realised, $542 withdrawn along the way) — +12.7% per month
- Profit factor 2.68, win rate 74%
- Max floating loss −42.7%, max equity drawdown 41%
- 21 open positions on the reference date with −$142 floating
- Lot size between 0.01 and 0.20 — the martingale progression is visible in the trade log
- Average holding time 70 hours, longest losing streak only 3 trades
Month by month: May (from the 27th) +$68, June +$460, July +$656, August +$356, September (to the 18th) +$356. The result is spread over 18 pairs; NZDCHF is the strongest at +$705, followed by EURUSD (+$251), EURNZD (+$167) and GBPUSD (+$151). No pair is negative.
The Two Faces of This EA
Economically, South East is the strongest grid EA we have had in the park this year: every full month positive, profit factor above 2.5, broad diversification. That is precisely why we deliberately did not list it as a copy signal — because the second number is the one that counts: at one point the open baskets sat 42.7% underwater. Anyone closing the account at that moment would have lost almost half. The market coming back is the reason for the +56% — not the strategy.
The lot progression from 0.01 to 0.20 on the same account shows what "mild martingale" means in practice: the twentieth add-on is twenty times the size of the first. And 15–25 simultaneously open positions across 18 pairs, held for three days on average, mean the EA keeps baskets open practically every weekend. A Monday gap in the wrong direction then hits not one pair but every correlated one at once — our guide to correlation and combined drawdown explains why that is concentration risk, not a portfolio.
What speaks for the EA: the vendor hides none of this. The product page explicitly calls $500 "high risk", recommends $2,000, documents the martingale component and ships the drawdown cut-loss with it. That is more honesty than many pricier competitors offer — and the reason for the 3.5 on transparency.
Cost & Usability
$250 to buy or $150 per month to rent is almost symbolic next to the $800–3,000 charged for comparable grid systems; on our account the licence was paid for within two weeks. Setup is set-file work: one chart per pair, load the set file, set the cut-loss threshold. We recommend setting the drawdown cut-loss to 25% at most and limiting the number of pairs traded simultaneously — the EA supports that. An ECN broker with a hedging account is mandatory (see the EA broker comparison).
Who It Is (Not) For
Suitable for experienced grid traders with at least $3,000 of capital who actively set the cut-loss, consciously carry weekend exposure and budget the EA as a return building block with a hard cap inside an EA portfolio.
Not suitable for prop-firm accounts (−42% floating loss breaches every rule), for accounts under $2,000, for copy-trading subscribers who only see the balance curve — and for anyone who believes +12% a month is repeatable.
Verdict
South East EA is an honestly described, well-maintained and economically impressive grid system that pays for its returns with real blow-up risk. Our 3.3/5 reflects both: high marks for track, price and vendor honesty, a clear markdown on strategy risk. "Yellow" here means: runnable, but only with a cut-loss, a capital buffer and the knowledge that the −42.7% of summer 2026 was not an exception but the design.