Aura Rocket is a trend-following expert advisor that uses deep machine learning and hyperparameter search methods for its trades. The fully automated EA protects open trades with stop loss and does not use dangerous money management methods like the grid, martingale, scalping, arbitrage, and averaging.
Stanislav Tomilov is the author of this FX EA. He is based in Russia and has over 7 years of experience in developing FX products. He has 9 products and 18 signals to his credit. For support, the developer provides a Telegram link and an email address. You can also use the messaging option on the MQL5 site to contact the author.
Features
As per the info provided by the developer, this FX EA uses the trend-following method. It uses the Aura Turbo grid expert with multilayer perception for optimized entries. Additionally, the ATS uses proprietary indicators. It uses deep machine learning and hyperparameter optimization to minimize losses.
Some of the significant features that give this ATS a competitive edge in the market as per the author are:
- It uses a hard SL and TP for every trading position.
- The FX robot is not sensitive to broker conditions but a broker with a lower spread is recommended.
- This FX EA is compliant with FIFO and FTMO.
- It is fully automated and easy to install and use.
- The system works on the XAUUSD pair.
How to start trading with Aura Rocket
To use this FX EA, you have to pay $995. A free demo account is present. Rental options are present that include a 3-month rental ($295), a 6-month rental ($445), and a one-year rental ($595). The author reveals that the prices will further be increased to $1295. When compared to the price of competitor products in the market, we find the pricing is exorbitant. Further, there is no money-back guarantee which raises doubts about the reliability of the EA.
On the working method of the EA, the author explains that this EA is for long-term trading. You can set it on low risk and relax as all trades are secured by a hard SL. A higher risk setting and the rocket modes are present which can double the deposit or you can lose big. Recommendations for the system include the use of the H1 time frame, a minimum deposit of $100, and minimum leverage of 1:20.
Backtests
A few backtests are present for this FX robot on the MQL5 site. Here is one of the reports:
From the above backtesting results, we can see that the FX EA generated a total net profit of 2,886,686 for an initial deposit of $1000. A total of 305 trades were completed for the test done from 2021 to 2022. The profitability was 95.41% and the profit factor was 8.78. A drawdown of 17.58% was present. From the low drawdown and high profits, it is clear that the system uses a low-risk approach.
Verified trading results of Aura Rocket
A real USD account using the Weltrade broker and the leverage of 1:1000 on the MT4 terminal is present. The account has trading privileges verified but the track record is not verified by the Myfxbook site.
From the above stats, we can see the account has generated a total loss of 9.15% with a daily loss of 0.10% and a monthly loss of 3.01%. A drawdown of 21.46% is present for the account that started in February 2022 with a deposit of $334. The growth curve shows a series of downturns with the account showing minimal chances of recovering. It also indicates poor risk management. When compared to the backtests, the drawdown is higher and no profits are present indicating the fact that backtests are not predictive of the future performance.
Customer reviews
We found 23 user reviews for the MT5 version of the FX EA on the MQL5 site with a rating of 3.83/5. One of the users states that this is an excellent EA while another user complains of poor performance. We could not find feedback for the FX robot on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. that can backup the user testimonials. Since the MQL5 site promotes the product, there is a chance of the reviews being manipulated.
Is Aura Rocket a viable option?
Advantages
- It is a fully automated software
- Uses innovative search technology
Disadvantages
- Loss in real trading results
- Expensive pricing
- No moneyback guarantee
Summary
Aura Rocket is a trend-based expert advisor that uses advanced technology to ensure minimal losses. Our evaluation of the real trading results shows poor risk management resulting in losses. Other drawbacks of the FX robot are losses in real trading results, the absence of a refund, and expensive pricing.
