Aeron (Scalper+Grid) Review

Nov 12, 2020 02:36 PM ET
Aeron (Scalper+Grid) Review

Can a combination of scalping and grid strategy yield the high returns and low risk that traders prefer? Aeron (Scalper+Grid) Forex robot claims to deliver high and steady profits with this combined trading strategy.

The customizable automated trading software is MT4 compatible. Are the claims of this expert advisor true? Is the Forex robot to be trusted or not? Read our review of this Forex robot to know our recommendation on the use of this trading software.

Aeron (Scalper+Grid)

Type

Fully-automated EA

Price

$230

Strategy

Scalping + Grid

Compatible Platforms

MT4

Currency Pairs

EUR/USD, EUR/JPY, USD/JPY, CAD/JPY, AUD/CAD

Timeframe

H1

Recommended Min. Deposit

$1000

Recommended Deposit

$5000

Leverage

Any

Trading Strategy Explanation

Aeron Forex robot uses scalping and grid strategies for trading. The two methods are fully customizable and created for providing steady and high returns with minimal risk as per the website information.

Additionally, the features provided include stop loss and take profit setting for every position, equity risk management, fully automated trading system, and capability of trading in volatile and stable market conditions.

According to the developer, this expert advisor can place up to 10 trades or higher per day. Five main currency pairs are recommended for the system, including EUR/USD and USD/JPY. Stable internet connectivity is a must for the software to work smoothly so traders would have to use a dedicated VPS, in addition to shelling out $230 for the software package.

From the website information, both strategies are not used concurrently. When the scalping strategy fails, the system automatically switches over to the grid strategy for better profits. But, grid strategies are known for the high-risk involved. The large lot sizes are too hazardous for traders who are looking for steady and long-term gains.

Backtest Data Analysis

No backtests are provided by the developer. While it is true that the historical data does not serve to predict future performance, it would definitely help traders to know that the system has seen satisfactory results in the past. The absence is therefore a negative mark against this trading system.

Live Trading Data Analysis

 

Trading Results

FXBlue Account

Real (USD) 

Started

March 03, 2016

Deposit

$5000

Balance

$19,111.66

Gain

5,833,093.0%

Daily

-

Monthly

38.6%

Drawdown

0.0%

Profitability

287.01

Aeron (Scalper+Grid) Live Trading Data Analysis

Aeron (Scalper+Grid) system has FXBlue verified live demo account results on its official webpage. From the live demo account results displayed above, a monthly return of 27.3% and a peak drawdown value of -2.9% are revealed. The trading done over 67 days comprises an average of 10.3 trades per day. And, the short trading span and poor results confirm our suspicions about the strategy being a risky one.

Aeron (Scalper+Grid) Live Trading Data Analysis

A profit factor of 1.16 and floating profit loss of 10,195.67 are revealed in the stats for completed trades of 555.  The profit on all the 687 trades is very low at 7,554.58 and the total returns showing a loss percentage further validate our stand that the strategy used is associated with very high-risk.

User Feedback

Aeron (Scalper+Grid) User Feedback

User feedback on the Aeron Forex robot is bad. Users complain that the profitable stats shown on the site are fake and do not work. There are also complaints about the non-responsive customer support team. 

Review Summary

Pros

  • FXBlue verified accounts

Cons

  • Its results are not verified on Myfxbook

  • No refund is provided

  • Negative user feedback

Conclusion 

It is common knowledge among traders that scalping and grid strategies carry heavy risk. Despite this, Aeron (Scalper+Grid) expert advisor claims to use both the methods for producing results. Other than this major fault in the system, the verified and live results showed do not look promising, but spark heavy suspicion about the system’s effectiveness.

The user feedback further strengthens our doubts regarding the efficacy of this expert advisor. Further, we could not verify the system’s performance on the Myfxbook site, which is another major drawback. In short, we would not recommend this expert advisor. 

Rating: 3.3/10

  • Features: 4/10
  • Performance: 3.5/10
  • Strategy: 3/10
  • User feedback: 2/10
  • Price: 4/10

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