Aurum EA is said to work with a strategy that has 99% accuracy. This means that nearly all the deals it makes are profitable. The robot is fully automatic, so you can rest as it does all the work for you. Our review will provide you with more insight into the EA’s other components, strategy, and performance.
Detailed Forex robot review
The robot has several features, which we have listed below:
- It trades many currency pairs, including EURUSD, GBPUSD, XAUUSD, AUDJPY, USDJPY, USDCHF, and GBPJPY.
- The minimum account size is $100.
- The system works on both the MT4 and MT5 platforms.
- It trades around the clock.
- The timeframe for trading is M5.
Aurum EA is one of the many trading systems being sold by CashMaker, an online store. CashMaker’s other products include Cosmonaut FX, Power EA, EA Machine, Angry Rabbit EA, etc. None of Aurum’s developers are introduced to the public.
Aurum EA strategy tests
The robot evaluates the trend on the higher timeframe and initiates orders when the right conditions are met. It then waits for the price correlation to begin. The advisor will close a trade in the direction of the global trend when the price correlation reaches its optimal values. Each trade is safeguarded by a stop loss order to ensure you don’t incur huge losses when the quotes move in the wrong direction.
According to the tester report, the system traded on the USDJPY currency pair using the M5 timeframe. A total of 4893 orders were placed between the 2012 and 2022 trading periods. The resulting win rates for the short and long positions were 77.48% and 79.55%, respectively. A large profit of $8078831.96 was reported in the end. The drawdown generated was very high at 56.22%, which means that the robot made lots of losses as well.
Live account trading results
As you can see below, Aurum is trading on a real AUD account, and the host is IC Markets. The profit generated from 93 trades placed so far is A$250.87. Consequently, the capital has increased from A$2000 to A$2250.87, which represents a total gain of 12.54%.
There are 1.36 traded lots, and 651.1 pips won. On average, a position is held for two days, which is quite a long time. The EA has managed to win 60% of the long positions and 63% of the short ones for the 4+ months it has been trading live. These values are substandard and uninspiring.
From the stats below, we can see that the bot can remain inactive for up to 8 days. Most of the orders placed have been successful. True to the vendor’s claims, a stop loss is attached to each order. Grids of orders were mainly placed between June 1, 2022 and June 6, 2022.
Aurum’s optimal package is being offered at a one-time cost of 249 euros. At this price, you will get an unlimited license that gives you access to any number of accounts, files for automatic configuration, online support, and detailed setup guides. The economy plan is $199 and allows you to trade on a single account only. You will also receive the other features available in the optimal plan. A 14-day refund policy is present, and payments are accepted through Paypal, MasterCard, Bitcoin, American Express, Discover, etc.
There’s no credible user feedback for this robot. So, we cannot gauge how the community feels about its features and trading outcomes.