Aura Superstar EA

Aura Superstar EA is a fully automated Expert Advisor designed specifically for trading currencies during the rollover time. It utilizes advanced technologies such as machine learning cluster analysis and genetic scalping algorithms to make trading decisions. With its unique combination of deep machine learning mechanisms, multi-level perceptron, adaptive neuro filter, and classic indicators, Aura Superstar EA aims to provide stable results. In this review, we will explore its features, settings, and suitability for different trading environments.

Aura Superstar EA
Aura Superstar EA

Performance and Stability

One of the key highlights of Aura Superstar EA is its track record. The expert advisor has demonstrated stable performance since 2003 according to the developers, instilling confidence. However, it’s important to note that past performance is not a guarantee of future profitability. While the EA has shown consistent results historically, there is still a risk of potential losses. Traders should exercise caution and conduct thorough testing before deploying it in live trading.

Risk Management

One aspect that sets Aura Superstar EA apart is its commitment to risk management. The EA avoids risky money management techniques such as martingale, grid, or hedge strategies. Instead, it employs hard stop loss and take profit levels for each position, ensuring controlled risk exposure. This approach is commendable, as it helps protect the trader’s capital and minimizes the potential for significant drawdowns.

Supported Symbols, Timeframe, and Broker Compatibility

Aura Superstar EA supports a range of currency pairs including EURUSD, USDCAD, GBPUSD, EURCHF, USDCHF, EURAUD, and EURGBP. It operates on the M15 timeframe, making it suitable for traders who prefer shorter timeframes and faster trade execution. Additionally, the EA is compatible with any good ECN broker such as IC Markets, which is essential for obtaining optimal trading conditions, low spreads, and fast execution.

Installation and User-Friendliness

Installing and configuring Aura Superstar EA is a straightforward process. All the necessary settings are integrated within the EA, making it easy for traders to set up and start using. The EA provides options for customization, including setting the magic number, adding comments, and selecting the lot type (automatic lot calculation or fixed lot). It also offers flexibility in determining the trading volume based on the lot type and balance.

Recommended Account Size and Leverage

The EA is designed to work with a minimum deposit of $50, making it accessible to traders with different capital sizes. However, it is worth noting that the recommended leverage is 1:100 or higher, with a minimum leverage requirement of 1:30. Using higher leverage allows for potential amplification of returns, but it also increases the risk. Traders should carefully consider their risk tolerance and choose an appropriate leverage level.

Time Settings and Broker Execution

Correctly setting the time for trading is crucial to ensure the EA aligns with the broker’s server time and operates during the desired trading hours. The developer provides instructions on how to correctly set the time for individual brokers, which is essential for achieving accurate trade execution. Traders should follow the guidance provided by the author to ensure optimal performance.

FIFO Compliance and FTMO Suitability

Aura Superstar EA is FIFO (First In, First Out) compliant, which means it respects the order of trade execution mandated by regulatory requirements. This feature is essential for traders operating in jurisdictions that enforce FIFO rules. Additionally, the EA is deemed suitable for FTMO trading challenges, which can be advantageous for traders looking to meet specific evaluation criteria and potentially secure external funding.

Risk Warning and Final Thoughts

Before purchasing and using Aura Superstar EA, traders must be aware of the risks involved in automated trading. Past performance is not indicative of future results, and there is always a possibility of losses. The backtests showcased in screenshots are highly optimized, and their results may not be directly transferable to live trading conditions. It’s crucial to thoroughly evaluate the EA’s performance, conduct proper risk management, and ensure compatibility with your chosen broker.

Conclusion

In conclusion, Aura Superstar EA presents a compelling automated trading solution for those looking to trade currencies during rollover time. Its utilization of advanced technologies, commitment to risk management, and compatibility with good ECN brokers make it a viable option. However, traders should exercise caution when using forex robots, conduct extensive testing, and closely monitor its performance to align with their individual trading goals and risk tolerance.

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