Aura Pro algorithm trades on multiple currency pairs and employs grid and martingale strategies for trading. The robot can calculate the lot size based on the balance of the portfolio. The developer presents backtesting results where he claims that the system can convert a thousand dollars into a million within a year. We will analyze the algorithm to verify the statements and see for ourselves if the profitability is good for us.
Is Aura Pro still profitable?
Aura trading robot is a flawed system due to the implementation of grid and martingale strategies. The algorithm can cause the liquidation of your portfolio. Traders have to be careful with this system.
Stanislav Tomilov is the author of the product who resides in Russia. He has a total rating of 3.7 for 106 reviews. The developer has fourteen products published on the MQL 5 marketplace and has a total of 201 subscribers for his services. According to the website, he has experience of more than six years. However, there are no certificates or records to verify it.
The developer claims that the robot is based on neural code that learns and develops the robot as it trades. It utilizes hyperparameters as a learning model to trade the markets. On the other end, there is also a mention of using the grid and martingale strategies. The algorithm trades on EURUSD, GBPUSD, EURGBP, EURCAD, USDCAD, EURCHF, and GBPCAD at the H1 time frame.
From the trading history at MQL 5 we can observe that the system does not use a stop loss or a take profit. The trades are closed when a certain amount of profitability or loss is present.
How to start trading with Aura Pro
To start trading, traders have to follow the following steps:
- Purchase the system from the MQL 5 website
- After that, log in to the MT 5 platform and MQL 5 community
- Download the algorithm and refresh the experts’ tab
- Place the robot on respective H1 charts to start trading
The robot is available for an asking price of $345. There is no money-back guarantee. Traders also have the chance to take a free demo. There are no renting options present.
Aura Pro backtests
Backtesting results are available for GBPUSD extreme risk where the relative drawdown was around 76.38%. The winning rate was 75.14%, with a profit factor of about 5.38. With a starting balance of $1000 the robot tanked an average profit of $1820242.78. There were 362 trades in total, with 724 deals. The best trade was $106438.45, while the worst one was -$104961.55.
Verified trading records are available on MQL 5 that show performance from September 27, 2021, till the current date. The system made an average monthly gain of around 4.5%, with a drawdown of 1.1%. The winning rate stood at 62.75%, with a profit factor of 3.88. The best trade was $35.28, while the worst was -$17.19 in a total of 145 trades. The developer made $11800 in deposits and $0 in withdrawals.
There are only two reviews present at the MQL 5 marketplace. Traders say that the robot is stable during a backtest. From the comment, it seems they have not tested it live.
- It comes with live account results
- No money-back guarantee
- Uses grid and martingale
- No backtesting statement
Aura Pro trading robot is not suitable for many investors as it applies a combo of grid and martingale strategies. The algorithm can cause a margin call on a trader’s account.