Aspex EA Review

Aspex EA is a Forex expert advisor that is compatible with the MT4 trading platform. It is supported by verified trading statistics. As per the claims of the developer, this system is capable of winning 90-95% of its trades.

Detailed Forex robot review

The vendor has made a very brief presentation on the official website. We have the pricing details followed by a brief description of the system and some recommendations from the developer. There is a small about us section and some links to live monitoring accounts on MQL5. Also, there is a contact form using which you can send your queries to the service team.

There is very little information on the development team behind this EA. On the official website, the vendor has mentioned that the team consists of software programmers who started developing expert advisors back in 2017. We don’t know where this team is located and there is no background information available on the team members. Moreover, we don’t know whether they have built Forex trading systems in the past.

This robot has a risk and lot management system. It is able to select the appropriate lot size based on the account size. The vendor has not clearly explained how this system works, so we don’t know the exact quantitative relationship between the lot size and the account balance.

While the EA is suitable for all timeframes, the vendor recommends running it on H4 charts for best results. It can trade in all currency pairs, but the recommended pairs are GBP/USD and GBP/JPY. After downloading the EA, you need to install it and set it up on your MT4 account. 

Aspex EA strategy tests

The robot follows a pure trend following strategy. We don’t have the minute details of the strategy, so it is not possible for us to determine what indicators this system, if any. This strategy works based on the assumption that the pair’s price will continue moving in the same direction. If there is a bullish trend, you can hold the long position for the pair, watching the value go up. When there is a downward trend, you can go short.

EA vendors normally test their automated strategies using historical data. Since these tests go on for a long time, you get to witness the long-term performance of the system. Unfortunately, the developer has not shared the historical test results for this system. As such, we cannot compare them with the live statistics. 

Live account trading results

There are no verified trading accounts for this EA on websites like Myfxbook, FXBlue, and FXStat. Here we have a live monitoring account on MQL5 that was launched on 16^th December 2021. To date, this EA has had 65 trading days, and during this time, it has conducted 440 trades. 

This account currently has a high win rate of 81.59%. The EA has managed to generate a total profit of $6952.98. On average, the robot conducts 10 trades per week, holding each order for an average of 16 hours. The profit factor for this account is 1.07. There have been 68 maximum consecutive wins and 9 maximum consecutive losses. The maximum drawdown is quite high at 93.5%, and this tells us that the EA uses a high-risk strategy.

Pricing

There are two pricing plans for this account. The first one, which costs $499, comes with a single license. For the second plan, you can use 2 licenses for $899. The plans are not exactly cheap and the vendor does not offer a money-back guarantee.

Customer reviews

There is only a single review for this expert advisor on Forex Peace Army. This tells us that not many people are currently using this system for live trading. Here, the user has claimed that their account burned in less than a month. They have stated that the EA uses a reckless strategy.

There are four accounts for this robot in the Forex Peace Army. Three of them have been closed. The one that is active has a weekly profit/loss of 5.22% and a gross profit/loss of 130.498%.