Aeron (Scalper+Grid) is a Forex expert advisor that is compatible with the Metatrader 4 trading platform. It is a fully-automated trading tool that is capable of trading in multiple currency pairs. According to the developer, the EA is capable of profiting from both stable and volatile markets.
You can instantly access this EA for just $230. Compared to other expert advisors on the market, it is quite cheap. The vendor claims that this price is applicable for the first 50 copies or the next 2 days. After that, the price will be increased to $349.
There is virtually no information on the parent company behind this EA. We don’t know where it is located or when it was founded. Also, it is not clear whether this company has built other EAs in the past.
Aeron (Scalper+Grid) at a glance
|Strategy||Scalping and Grid|
Aeron (Scalper+Grid) functionality
With every position, the EA uses stop loss and take profit with every position. It has an equity risk management feature, so you can choose the equity percentage you wish to risk. Since this is a 100% automated system it increases the lot size as your equity/balance rises.
According to the vendor, the most suitable timeframe for this robot is M1. You can use it to trade in currency pairs like AUD/CAD, CAD/JPY, USD/JPY, EUR/JPY, and EUR/USD. It is recommended that you keep your internet and computer on 24 hours a day, five days a week. You can easily use any leverage to trade with this EA.
Aeron (Scalper+Grid) trading strategy tests
There are two strategies followed by this EA, namely Grid and Scalping. With Scalping, the robot buys a pair and holds it for a short while, attempting to capitalize on the price differentials in the Forex market. This typically involves the system conducting a large number of trades on a daily basis.
With the Grid strategy, the robot can profit from both trending and sideways market conditions. This strategy involves hedging and placing alternate buy and sell orders at particular levels.
What about Aeron (Scalper+Grid) live trading results
This live trading account on FXBlue has a trading history of 411 days. To date, the EA has conducted 1145 trades through this account, winning 994 and losing 142. Thus, it has a win rate of 87.5%, which is pretty high compared to other EAs. Nevertheless, we can see that the total return for this account is -88.2%, while the monthly and weekly returns are -13.2% and -3.3%, respectively. Thus, it is obvious that the EA has suffered some heavy losses.
Here you can see the recent trades conducted through this account. On average, it conducts 2.8 trades per day. It is clear that the robot suffers massive losses frequently and this is why it has a 100% risk of ruin. On its worst day, it lost as much as -2892.08. The account has a very low profit factor of 0.73 and a risk/reward ratio of -1.51.
There are no user reviews for this EA on third-party websites. On Forex Peace Army, there is a trading account having a weekly profit/loss of 5.19%. The test lasted from 2016 to 2018.
Aeron (Scalper+Grid) Review SummaryAeron (Scalper+Grid)
Functionality2/5 BadThis EA does not have any special features that set it apart from other expert advisors.
Trading Strategy2/5 BadThe robot uses a short-term grid and scalping strategy that is clearly very risky.
Live results2/5 BadIn spite of having a high win rate, the robot has suffered heavy losses through the live trading account and has a high risk of ruin.
Customer support3/5 NeutralYou can get in touch with the support team using the contact form on the official website or through the official email address.
User reviews2/5 BadAt this moment, there are no user reviews for this expert advisor on trusted third-party websites.
- Affordable price
- Verified trading statistics
- Dismal live performance
- Lack of vendor transparency
- No refund policy