Aura Pro applies the hyperparameter search method and deep machine learning to achieve successful results in the grid approach it uses. As per the developer, Stanislav Tomilov, the unique approach of the FX EA helps in reducing the losses. This is fully automated software working on the MT5 platform. Backtesting and real trading results are present for the MT5 tool which indicate low profitability. Further, we find that the product is expensively priced without a money-back guarantee.
Vendor transparency
The author of this FX robot is Stanislav Tomilov. He is based in Russia and has more than 7 years of experience in developing FX trading tools. For contact, the author provides an email address and a Telegram channel link. Other products of the developer are Aura Black Edition, Aura Rocket, Aura Turbo, and Matterhorn.
How Aura Pro works
As per the author, the key features of this FX EA that give it an edge over its competitors are:
- The expert advisor uses the Martingale and grid methods.
- All values for the settings are present inside the code so you do not need settings files.
- This ATS is not sensitive to broker conditions.
- The installation process is easy and simple to complete.
- You get diverse customization and optimization options.
Timeframe, currency pairs, deposit
This FX EA works mainly on the EURUSD, GBPUSD, USDCAD, EURCAD, EURGBP, GBPCAD, and EURCHF pairs. The minimum recommended deposit for using the EA is $1000 for each currency pair and the developer recommends using the leverage of 1:500.
Trading approach
For the approach, the FX robot uses the Martingale and Grid methods which are considered dangerous money management methods. The hyperparameter search technology and deep machine learning are used for the strategy to generate an optimal approach that limits a predefined loss function for a given independent data. A neuro filter is present to identify dangerous patterns and the EA is trained to work only during low volatility periods. A news filter is also present to block trading before all types of important news.
Pricing and refund
You can buy this FX EA for $445 which applies to the first 10 copies after which the EA will be sold at $595 as per the author. An annual rental option is present that costs $295. No refund offer is present for the product which raises doubts about its reliability. When compared to the market average, we find the pricing is expensive.
Trading results
A few backtesting results are provided on the MQL5 site with default, high risk, and extreme risk modes. The strategy tester report using the default risk setting is shown above. From the report, we can see the test was executed from 2010 to 2021.
A total net profit of $26,939 was generated for the account from 2195 trades. The profitability was 79.68% and the profit factor was 5.08. A drawdown of 8.27% was present. From the results, we can see the profits are high and the drawdown is low indicating low risk and an effective approach.
The developer provides live trading results for the FX EA. Shown below is a real USD account using the ForexChief broker and the leverage of 1:400 on the MT5 platform.
For a deposit of $11,800 the account that started in September 2021 shows 54.57% growth with profitability of 57.6%. The maximum drawdown is 36.6%. A total of 1025 trades were executed with a profit factor of 1.59. From the results, it is clear that the drawdown is high indicating a risky approach. When compared to backtesting results, the profits are not high but the drawdown is higher indicating that the backtests do not predict future performance.
People say that Aura Pro is…
A profitable EA. There are 5 reviews for the MT5 version with a rating of 4.2/5. However, we could not find user feedback for the FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. that can back the user review on the MQL5 site. Since the site promotes the product there is a high chance of the testimonials being manipulated.
Verdict
| Pros | Cons |
| It is a 100% automated software | Real trading reveals a risky approach |
| Backtesting and real trading results present | Expensive pricing |
| No refund policy |
Aura Pro Conclusion
Aura Pro claims to limit losses and enhance profits with its special grid-based approach. However, our analysis of the backtesting and real trading results reveals that the approach is risky and the money-management is not effective. Other shortcomings in the system are the expensive pricing and the lack of a money-back guarantee.
