Aspex EA claims to be a 100% automated expert advisor offering a complete FX solution. As per the vendor, the system is easy to set up. You need to just set it up in your MT4 account and it will generate profits for you without your input. You can purchase this FX robot for $499 which includes one activation account or pay $899 for 2 account activations. The vendor offers unlimited usage with the packages.
Is Aspex EA good?
As an automated MT4 tool, this FX EA claims to be fast, easy, and secure. However, from our evaluation of the features and other aspects of the FX tool, we find that the vendor does not offer proper proof. There are no verified results or backtests that help to provide a better insight into the system. Further, we find the pricing is expensive. There is no money-back guarantee present for the product which raises suspicion about the reliability of the system.
Features of Aspex EA
Some of the key features in this FX robot that make it stand apart from its competitors are:
- It uses an advanced risk and lot management system.
- The lot size is chosen as per the size of the account.
- Profitability of 90% to 95% is assured by the vendor.
- The FX robot can work in all time frames. The H4 chart is recommended by the vendor.
- It works on all currency pairs but the GBPUSD and the GBPJPY pairs are recommended.
- The vendor does not provide info on the leverage and recommended deposit for the system.
|1 review on the Forexpeacearmy site with 1 out of 5-star rating
What strategy does Aspex EA use?
A trend-following approach is the main strategy this FX EA uses. The lot management method includes choosing the lot as per the account size. According to the vendor, this FX robot uses advanced risk management. However, the process is not elaborated upon by the vendor.
Backtesting vs live trading results
No backtesting results are present for the FX robot. Backtesting helps to understand the approach used by the system. Since the tests are based on historical data, they cannot predict future performance. But traders still prefer them to know how the EA works and to find its effectiveness. The vendor does not provide real trading results for the FX robot. Although there is mention of myfxbook on the official site, we could not find verified results for the ATS.
The reason we look for results substantiated by third-party sites like myfxbook, FXBlue, etc. is that they provide important details about the FX robot. Info related to the profitability, drawdown, risk to reward ratio, lot size, etc. is present which helps us to know how safe and reliable the performance is. The lack of backtests and real trading results makes it difficult to analyze the performance and identify the reliability of the system.
The core team
According to the info presented in the About Us section, the company comprises a team of expert software programmers. The firm was founded in 2017 and with the combined expertise and experience of the team, the FX EA was created. As per the company, the ATS makes consistently high returns from which the team members have profited themselves and are now offering it to all traders. We could not find further info like the location, phone number, etc.
An online contact form and a chat feature are present for support. Links to the social media pages of the company on Facebook, Twitter, and YouTube are present.