Aura Pro EA

Automated trading systems have become increasingly popular, and one such system is the Aura Pro EA. This EA is based on deep machine learning and hyperparameter search technology and is an option for traders seeking to diversify their portfolios. In this comprehensive review, we’ll take a closer look at the Aura Pro EA to help you make an informed decision on whether this trading robot is the right fit for your trading needs.

Aura Pro EA Strategy

Aura Pro EA
Aura Pro EA

The Aura Pro EA is an expert advisor that utilizes hyperparameter search technology to optimize its learning algorithm. The hyperparameters are chosen to minimize the predefined loss function for independent data, providing an effective trading strategy. The Aura Pro EA boasts flexibility by allowing traders to trade in popular currency pairs such as GBP/CAD, EUR/CHF, USD/CAD, EUR/CAD, EUR/GBP, GBP/USD, and EUR/USD.

To use this EA, it is recommended by the developer to trade on H1 charts and to have a minimum deposit of $1000 for each trading pair. Additionally, a leverage of 1:500 is required to ensure optimal performance. The Aura Pro EA utilizes a combination of grid and martingale techniques. Grid strategy places orders at fixed intervals on a price chart, while martingale strategy doubles the trader’s position size after each losing trade. It is important to note that these strategies are very risky and can lead to significant losses.

The Aura Pro EA provides a range of customization options that allow traders to adjust the settings according to their preferences. The robot can be set to use a fixed lot size, or the Fix Lot value can be set to 0 to enable automatic lot size calculation. The martingale multiplier, grid step, and the number of orders can also be adjusted to suit the trader’s preferences.

It is worth noting that the developer recommends using the IC Markets broker for the best results. However, it is important to note that the use of any expert advisor carries risks, and past performance is not a guarantee of future profitability. It is important to conduct thorough research and use responsible risk management practices when using the Aura Pro EA.

Aura Pro EA Features

  • Uses a unique grid expert strategy based on deep machine learning and hyperparameter search technology.
  • Supports multiple currency pairs including EURUSD, GBPUSD, EURGBP, EURCAD, USDCAD, EURCHF, and GBPCAD.
  • Works on H1 timeframe.
  • Utilizes martingale and grid trading techniques.
  • No external settings files are needed as all values are inside the code.
  • Offers extensive customization and optimization options.

Aura Pro EA Settings

  • Lot step- This setting controls the automatic lot calculation volume, which determines the size of each trade.
  • Balance step- This setting specifies the automatic lot calculation step, which is used to increase or decrease the lot size based on the account balance.
  • Fix Lot- If this setting is enabled, the lot size of each trade will be fixed manually, otherwise, it will be calculated automatically.
  • Time to Start Hour- This setting sets the starting hour for opening trades based on the broker’s time zone.
  • Time to Finish Hour- This setting specifies the finishing hour for opening trades.
  • Comments- This setting allows adding comments to the trades for better tracking and analysis purposes.
  • Magic- This setting assigns a unique number to the trades opened by the EA, which helps in identifying them.
  • Step of LimitOrders points- This setting determines the grid step between each order, which is used in the grid trading technique.
  • Count of LimitOrders- This setting sets the maximum number of orders that the EA can open in a particular direction.
  • Multiply Coefficient- This setting controls the martingale multiplier, which is used to increase the lot size in the grid technique.
  • Take Profit- This setting specifies the take profit in points for each trade.
  • MaxSpread- This setting defines the maximum spread parameter that the EA can tolerate before opening a trade.

Aura Pro EA Summary

The Aura Pro EA is a trading robot that uses a combination of grid and martingale strategies to trade currency pairs. Its strengths lie in its ability to automate trading and in its hyperparameter search technology, which aims to minimize losses. It is worth considering for traders who are comfortable with high-risk strategies and have a minimum deposit of $1000 to trade.

One of the weaknesses of the Aura Pro EA is its high-risk strategy, which can lead to substantial losses if not applied properly. Therefore, it is essential to use good risk management settings and not invest money that one cannot afford to lose. To gain a better understanding of the Aura Pro EA’s performance and capabilities, it is recommended to conduct backtesting before live trading. This can provide valuable insights into the EA’s effectiveness in different market conditions and help identify any potential weaknesses or limitations.