Aspex EA claims to be the number one EA in 2019 and 2020. According to the developer, this system is capable of intelligent analysis and is backed by proven results. They also claim that the EA has a win rate of 90-95%.
The developer team consists of expert software programmers who are passionate about Forex trading. They started developing Forex trading systems in 2017 by combining their experience, expertise, and knowledge. After having profited from the special software, they decided to give others the opportunity to do the same.
We don’t know where the parent company is based. The vendor has not revealed the identities of the team members. As such, it is not possible for us to determine whether they indeed have the required experience to develop profitable trading systems.
Aspex EA at a glance
|Currency Pairs||GBP/USD, XAU/USD, GBP/JPY, and USD/JPY|
Aspex EA functionality
This EA has an advanced risk and lot management system. Thus, it is able to select the proper trading lot based on the size of the account. It is able to trade all timeframes, but the vendor recommends four-hour charts for optimum performance.
You can use this robot to trade in all currency pairs. However, it is recommended that you stick to GBP/USD and GBP/JPY for best results. It is a fully-automatic EA that can run without any manual inputs from the trader. You simply need to install the robot and it will start trading on its own.
Aspex EA trading strategy tests
The robot is based on a pure trend following strategy. We don’t have a proper explanation for the strategy on the official website. Thus, we don’t know whether the EA uses any indicators for analyzing the trend.
Unfortunately, we don’t have the backtesting results for this expert advisor. This prevents us from comparing it with the live statistics to get a clearer idea about the robot’s performance.
What about Aspex EA live trading results
There are no verified trading accounts for this EA on third-party websites. Here we have a trading account on MQL5 that has been active since December 16, 2021. Out of 493 trades conducted through this account, 406 have been closed in profit. This means the win rate is quite high at 82.35%, but it is less than what the vendor promises on the website. Nevertheless, we can see that the account has a growth of -96.66% and a total profit of -$22402.73. This tells us that the EA has suffered some terrible losses.
Looking at the extremely high drawdown of 99%, it is obvious that the EA follows a risky strategy. While the average profit is only $335.20, the average loss is -$1821.78.
There are two plans for this EA, one offering a single real account and the other offering two. These plans are priced at $499 and $899, respectively. None of these plans are cheap and there is no money-back guarantee offer that protects your investment.
There is only one review for this EA on the Forex Peace Army website. The user has complained that their managed account burned in less than a month. This further establishes the fact that the trading strategy is extremely risky.
Aspex EA Review SummaryAspex EA
Functionality3/5 NeutralIt is a 100% automated system that can automatically calculate the size of the trading lot, but apart from that, there are no special features.
Trading Strategy2/5 BadThe vendor has not explained the details of the trading strategy, but looking at the high drawdown, we can tell that it’s risky.
Live results2/5 BadOnly unverified trading results are available for the EA, and the performance has been quite dismal so far.
Customer support3/5 NeutralThere are no contact details for the support team, but you can use the contact form or the live chat feature.
User reviews2/5 BadOnly one review is available on Forex Peace Army, and it is a negative one.
- Risk and lot management
- No verified trading statistics
- High drawdown
- Lack of vendor transparency