Aeron (Scalper+Grid) claims to use a combination of scalping and grid approaches in customizable form. This EA promises maximum and consistent profits with low risk. The vendor does not furnish information about the company such as its founding year, location, the developers and their experience, and more. Other than the online contact form and email address, the vendor does not provide other support options.
Choosing the best EA from the numerous choices present in the market can be an overwhelming task. You need to look into various aspects like the features, trading performance, approach, support, and more. Luckily, we have done all the difficult work for you and compiled a list of the best Forex robots. Have a look at the list which will help you easily make an informed decision on the EA you want.
Aeron (Scalper+Grid) Overview
The official site of this EA does not provide elaborate details on the features, working mechanism, or the approach used. We can find mention of the approaches, a short bullet list for the features, and images of the trading results. The main features this EA promises to provide include
- Take Profit and Stop Loss settings for each position is set by the EA
- Risk management for the equity allows you to opt for the risk percentage you want
- The lot sizes are increased automatically by the EA when the equity/balance increases
- This FX robot works in both stable and volatile market conditions
Pricing
Priced at $230, this FX EA offers live as well as demo accounts. However, there is no mention of the number of accounts provided for the price. The vendor mentions that the price is an introductory offer that applies to the initial 50 copies, after which the rate will increase to $349. Regular free updates are present for this MT4 tool.
Comparing the cost to other competitor EAs in the market, the cost is expensive. Further, the absence of the info related to the features provided and the lack of a money-back guarantee makes us suspect the reliability of this ATS.
How it works
You need to have an MT4 account for using this EA. While the vendor does not recommend any particular broker, there is mention of criteria such as tight spreads and 0 stop level while choosing the broker.
This FX robot works on five currency pairs namely EURUSD, EURJPY, AUDCAD, USDJPY, and CADJPY. A one-minute timeframe and any leverage are other recommendations for using this ATS. As per the vendor, the installation and setup of the MT4 tool are simple and easy.
Trading Strategy
A combination approach that includes scalping and grid trading is used by this EA. The approaches are customized to ensure stable profits in any market conditions as per the vendor’s claims. When the scalping approach fails, the EA automatically shifts to the grid approach for making profits. According to the vendor, an average of 5 to 10 trades per day are done and the number mostly depends on the spread value and the broker you use. We find the explanation provided is not adequate to know about the efficacy of the system.
Trading Results
A real account trading result verified by the FXBlue site is shown here:
From the above screenshot, we can see that it is a real USD account trading the EURUSD pair starting with an initial deposit of $2000. The total return value is 128% and the peak drawdown is 11.8%. A balance of 12.570.64 is present for this account with a profit factor of 1.25 and a risk-reward ratio of 3.56.
For a trading period of 137 days, the EA has made an average of 2 trades per day. The winning percentage is 76.9% which is not a high value. The low profit factor and high risk to reward ratio indicate the approach used is not safe or effective.
Customer reviews
We found 11 user reviews for this FX robot on the Forexpeacearmy site with an overall rating of 2.026/5. Here are a few of the user reviews:
From the feedback, we can see that while the stats shown by the vendor look good, the EA did not work in the trading account. And the reviews also indicate that the customer support is poor.
