Aeron (Scalper + Grid) is a Forex robot that makes a large number of trades while earning profits from each of them. The vendor promises that this EA brings you maximum and stable profits in the Forex market while keeping the risk at a bare minimum. It is portrayed as a highly efficient system that can perform well in both volatile and stable markets.
Detailed Forex Robot Review
On the official website of Aeron, we have been provided with three distinct live trading accounts for the Forex EA that are all verified by FXBlue. Then we have a detailed explanation of the trading strategy and the Forex EA in question-answer format. The EA requirements, installation procedure, and parameters are provided, along with separate FAQ sections.
There is no information at all about the company behind this Forex EA or its background. We don’t know where the company is based or when it was founded. The identities of the traders and developers have also not been revealed, so we have no way of verifying their credentials. We think the complete lack of vendor transparency is quite disappointing.
Aeron takes stop losses and take-profits with every position while employing an equity risk management scheme. This lets you choose the percentage of equity you wish to risk. It is a fully automated system that adjusts the lot sizes according to your balance or equity.
Aeron can be used with the MT4 platform and the vendor recommends using the 1-minute timeframe for this robot. It lets you trade in pairs like AUD/CAD, CAD/JPY, USD/JPY, EUR/JPY, and EUR/USD. Support is provided by the vendor via email.
Aeron (Scalper + Grid) Strategy Tests
This Forex EA uses the scalping and grid strategies. In scalping, a currency pair is bought and held for a short span of time in the hope of making a profit. A large number of trades are thus placed by the system, and small profits are earned for each.
The grid strategy, on the other hand, allows you to make profits in both trending and flat markets. Here, the hedging procedure is followed, and alternating buy and sell orders are placed at distinct levels. The major disadvantage of the scalping strategy is that your internet and computer must be active at all times since it is highly time-sensitive. Once the prices exit the profitable zone, you will lose the chance to earn gains.
We were hoping to see some backtesting data for this Forex EA, but unfortunately, the vendor has not provided us with any. Backtesting data is considered vital by most Forex traders and reveals some crucial details about the system’s efficiency and reliability. Without this, we cannot determine how the robot would fare during long periods of market drawdown.
Real Account Trading Results
Here are the results from a live trading account for Aeron (Scalper + Grid) that has been independently verified by FXBlue. It has been live for only 78 days, but during this short time, it has accumulated a net profit of $1778.44. Currently, the daily, weekly, and monthly returns for this account are 1.14%, 5.84%, and 26.94%, respectively, while the total return is 88.92%.
We can see that there has been a steady rise in cumulative profit over time and that 76.7% of trades have been won by the robot. Apart from the high win rate, the risk/reward ratio of 5.66 is worthy of mention. While the average loss exceeds the average win, we can see that the losses are quite infrequent. The profit factor for this account is 1.33, which is not spectacular, but it’s just enough for us to deem this robot profitable.
This Forex robot can be bought for $230, and the vendor mentions that this price is valid for a limited period of time or till 50 copies of the EA are sold. Following that, the price will be increased to $349. Compared to other Forex EAs this is not too cheap, and the vendor does not offer a money-back guarantee either.
We found several customer reviews for Aeron on the Forex Peace Army website, and a large number of them are negative, which is why the robot has a rating of 2.026 out of 5. Users have complained that while the EA shows satisfactory results with a demo account, in the live market, it fails to perform. Some of them have even mentioned that the service team does not entertain requests for refund.
We have come to the conclusion that Aeron (Scalper+Grid) is not a Forex EA you can trust right now. There is no information about the vendor, and the customers have complained about the robot not performing well in the live market.
Although the live trading result is shown to be profitable, we cannot put too much weight on it since the system has only been live for 78 days.