In this post I will be reviewing the Aeron Scalper Forex Robot. This is a fully automated forex trading system primarily for the 5-minute EURUSD charts that runs in the popular MetaTrader 4 (MT4) platform which is free to download from most forex brokers. You simply attach it to your charts and the Aeron Scalper EA will scan the markets for possible trading signals. When it finds a possible setup according to the built-in algorithm, it can place and manage trades on your behalf. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs. That being said, there are pros and cons to using all forex robots. In this Aeron Scalper review, we will take a look at the automated trading strategy that it uses, any backtests and most importantly, verified results. Hopefully, this will help you to decide if this is an expert advisor that you would consider using on your forex account or not.
Aeron Scalper Trading Strategy
The Aeron Scalper Forex Robot holds trades for a short period of time and tries to take advantage of the difference between the bid-ask spread. The problem with this is that it is very spread dependant and requires low commissions along with quick trade execution speeds. This is pretty standard with forex scalping robots which rely on small movements in price. If the broker conditions are not suitable, then the system can perform very poorly.
I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds. IC Markets are one of my top choices for automated trading robots. They have deep liquidity pools which means that scalping robots can get trades executed at some of the best forex market prices at all times.
Whilst the Aeron Scalper EA is a fully automated forex trading robot, you could always set the software to semi-automated mode in which instance it would send you an alert when it finds a trading signal and you could decide from there if you would like to enter the market or wait for the next opportunity to come along. I would always like to perform my own additional market analysis where possible as extra confirmation for all trades. This could include technical analysis, fundamental analysis and price action analysis. Generally speaking, the more aspects of market analysis that you have covered, the more informed your trade decisions can be.
The developer has made all of the Aeron Scalper settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
For those of you who have the experience, you are free to experiment with the Aeron Scalper Forex Robot settings to develop your own bespoke set files. I would use the MT4 strategy tester to backtest the software across different currency pairs and chart timeframes to discover unique combination of settings that match my trading style and goals. There are recommend currency pairs to use but that does not mean you cannot run it on other financial instruments. However, if you do wish to experiment with the Aeron Scalper software, then you may want to do so on a demo account to begin with and see how things go.
Aeron Scalper Back Testing
There are no back tests published on the Aeron Scalper website. This is very disappointing. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the Aeron Scalper historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage. It does make me wonder why the developer has not shared Aeron Scalper results when it is one of the most important things that a prospective user would want to see. Granted, it does not mean that results will be good moving forward but it can still give us a better idea of how the Aeron Scalper automated system works.
Aeron Scalper Live Results
Despite there being a lack of Aeron Scalper EA backtests being provided by the developer, we do have a verified Aeron Scalper account being shared which can give you an idea of the robot’s latest performance. Unfortunately, it is not looking good. The poor money management the EA implements that I mentioned earlier has caused huge drawdowns which is a shame because it wasn’t doing too bad up until then. It just goes to show that no matter how good any trading system is, if the stop loss is not sensible then all gains can be wiped out in an instant. I think the developer could significantly improve the Aeron Scalper robot by removing the grid trading element and instead cut losing trades short to help manage the possible drawdowns. However, that may have a negative impact on the win rate which is probably why there is a grid trading system in the first place. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Aeron Scalper Summary
Overall, the Aeron Scalper EA has been around a long time but I have not seen many improvements made to it. On the contrary, the developer implemented a grid trading system which had a negative impact on the performance of the robot as the verified account results show. We also do not have any backtests to get a rough idea of how the Aeron Scalper would have traded throughout various market conditions. I think this robot is also very broker sensitive as it looks to take just a few pips per trade which means you will need the ideal trading conditions with your broker. For best results, I think a broker with tight fixed spreads and no commission could be worth a look but reliable brokers like that are hard to come by.
As the name suggests, this is a forex scalping robot that runs fully automated on the MetaTrader 4 trading platform. You can set it up in minutes following the easy to understand instruction manual and then let it trade for you if you wish. Aeron Scalper needs to run 24/5 so users will need their computer/laptop switched on or they could use a Forex VPS and run MetaTrader 4 with the Aeron Scalper Forex Robot on there. Visit the Aeron Scalper website for results and more information. If you are curios, you could always use the Aeron Scalper EA on a demo account to get an idea of what to expect. Just keep in mind that demo trading conditions can be very different from real account conditions.
Aeron Scalper
$149
Pros
- Fully Automated Forex System
- Customisable Settings
- Verified Results Provided
- 30 Day Money Back Guarantee
- Full Support
- Lifetime Updates
- Detailed Instructions
Cons
- Limited Currency Pairs
- Broker Sensitive
- Requires Low Commission Fees
- Requires Tight Spreads
- No Backtests
- High Drawdowns
- MetaTrader 4 Only
- Grid Trading Strategy
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
