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. It can place and manage trades on behalf of the user. 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.
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. It incorporates money management and uses no martingale, hedging or grid style of trading.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. 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.
Aeron Scalper Back Testing
There are no back tests published on the 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 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.
Aeron Scalper Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Aeron Scalper Summary
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.