The Aurum EA is a fully automated trading bot suited for both forex pairs and gold (XAUUSD). The bot was created by CashMaker, the company behind several other renowned EAs such as Cosmonaut FX and Power EA. It is compatible with the MetaTrader platforms, as well as MetaQuotes. According to its website, it is capable of working round the clock to deliver profits of up to 100% per month. It also offers a 14-day money-back guarantee in accordance with European standards.
Aurum EA at a glance
|Price||249 Euro for Optimal, 199 Euro for Economy package.|
|Trading platforms||MT4, MT5, MetaQuotes|
|Currency pairs||XAUUSD, EUR/USD, GBPUSD, GBPJPY, AUDJPY, USDJPY, USDCHF, USDJPY.|
|Recommended Deposit||$100 minimum.|
Aurum EA functionality
The devs promise that their EA follows one of the most popular and effective strategies – trend trading. It also utilizes stop losses on all its trades, thereby eliminating the risk of big losses from any trade.
They claim that by subscribing to this robot, you will enjoy such features as
- Protection of your capital using stop-loss orders
- Intuitive system that is easy to install
- Monthly profits of 20 – 100%
- No dangerous strategies like martingale
- Low minimum starting deposit
- Wide variety of tradable assets, promoting excellent diversification
Aurum EA trading strategy tests
As aforementioned, Aurum is a trend trading bot. It monitors the direction of market trends and only places trades in the same direction. This enables it to maximize its chances of turning a profit while keeping the drawdown as low as possible. For entries, it only places trades after retracements show signs of resuming the original trend. This sees it achieve success rates of 98%, at least according to its developers.
Try as we did, we could not find any back test results of the Aurum EA on any renowned third-party sites. Myfxbook, TrustPilot, or FX Blue present no data on the company whatsoever. Although Myfxbook does refer to 13 systems containing the word, none of them seems to be our bot. And none of the systems shows any trading results similar to those of Aurum by Cashmaker.
On the Aurum official site is a downloadable copy of a back-test allegedly yielding 99% accuracy. However, the file is faulty and inaccessible, meaning we have to blindly take the word of the developers for it. Without data to back it up, there’s no way of verifying the legitimacy or accuracy of their claim.
What about Aurum’s live trading results?
Again, there are no reports of a live test of the bot on any third-party website. However, on Aurum’s official site is a few screenshots of what appears to be the results of live trades using the robot.
The live test commenced on 21 December, 2020, with a deposit of $59,220,000. By November 22nd of the following year, this equity had grown to $196,123,940. This was despite withdrawals having been made to the tune of $99,043,275. This was a monthly gain of 27.95%, which translated to a daily gain of 0.68%. Within this period, the maximum drawdown was only 4.41%. The screenshot failed to provide other key metrics, such as the profit factor or how the wins and losses were distributed between long and short trades.
Again, we could not find any Aurum reviews by their clients on impartial third-party platforms. On their official website, however, are a number of glowing reviews from their customers. Without seeing the same trend on unbiased third-party sites, we cannot ascertain that the user reviews are legitimate. Nevertheless, here are some of the few we found.
Review summaryReview summary
Functionality8/10 Very goodThe bot has an intuitive interface and is easy to set up.
Trading strategy8/10 Very goodIt uses trend trading, one of the most profitable strategies in existence.
Live results6/10 NormalThese show profitability, but they are unverified.
Customer support5/10 NeutralCan only access support by filling a form on the website.
User reviews6/10 NormalGlowing reviews on their official site, but none on unbiased third-party websites.
- Can trade multiple instruments concurrently
- Lifetime license with purchase
- Lacks unbiased reviews on third-party sites
- Inaccessible backtest results.
- Inconclusive live test results.