Advertised as a comprehensive solution for traders, Arya claims to change your trading with its algorithmic concept. The automated component in the FX advisor enables you to tweak the risk to reward ratio as well as the time to money ratio. With this MT4 tool traders are assured of secure and simple trading that provides good returns.
While the vendor does not disclose the developer or the company behind the EA, we could find info related to the management, customer service, IT development, and marketing teams that work for the company. The vendor does not provide a location address or phone contact. Customer support options are limited with just an email address and a link to the product’s Facebook page. The team is available for support from Sunday to Thursday on fixed hours.
Arya Strategies and Tests
As per the vendor info, this trading software is a 360-degree ecosystem in trading that blends human skills with technology to provide an effective solution. The main trading strategy used by the software includes three versatile approaches in trading namely market execution, automation, and a limit order. With the help of the software, you can adjust the settings for your trades in line with the market situation. All risk parameters can be customized.
For the minimum deposit needed, the vendor recommends $1000 as the minimum balance for real account trading. The vendor recommends opening a demo account before trading using the real account.
Besides giving a vague explanation of the strategy, the vendor does not provide backtesting results. Backtests are an important part of trading as they help to gain better insight into the effectiveness of the software.
Arya Live Trading Account Review
Just as with the backtesting, the vendor does not provide trading results that are verified by a reputed site like Myfxbook, FXBlue, FXStat, etc. However, we found a real EUR account using the XTB broker and the leverage of 1:100 on the MT4 platform for this software. Find the screenshot of the results below:
While this is not a live account, it provides a fair insight into the trading approach. From the stats, we could see the total gain is 29.93% and the absolute profit is 40.48%. In general, the absolute gain value is equal to or slightly less than the total gain. However, in this account, we could see the opposite situation. This discrepancy makes us suspect that the performance is not good. Other stats of importance include the monthly and daily gain which are 1.29% and 0.03%. A drawdown of 1.41% is present which is very low.
For a deposit of € 3000, the account has ended with € 4,214.25. For a total number of 711 trades done from May 2019 up to December 2020, the profit factor is 1.31 and the trading history reveals lot sizes are very huge ranging from 0.01 up to 0.47 and more. While the drawdown is low, the gains are minimal and the lot sizes and profit factor values do not point to a successful trading method.
A free starter kit is provided without the lifetime license and updates. The two price packages include the Arya Pro which costs $199 per month for 12 months and the Arya Pro+ which costs $299 per month for 12 months.
Besides the lifetime license and unlimited updates and signals starter, the two packages include a training course and support. A 14-day refund offer is present for customers who are not satisfied with the software. When compared to the average price of similar trading software, this ATS is exorbitantly priced.
Is Arya robot a scam?
From our evaluation of the features, vendor promises, and trading results, we find there is too much hype for this software without any solid proof.
Firstly, there is no clear explanation of the algorithmic method or the trading approach applied. The vendor does not provide verified trading results or backtests to prove the claims of high profits. Our perusal of the trading results reveals that the performance is poor.
We could not find user reviews for this trading tool on the reputed sites like Forexpeacearmy, Trustpilot, etc. This reveals that the ATS is not as popular as it would want people to assume.
Arya Training Courses
As part of the software license, the vendor offers a training course that includes an introductory and enhanced e-learning trading course. Monthly masterclasses and live analysis of the market along with monthly coaching are included in the training offered.
- Automation and human element in software
- Refund policy
- The trading approach explanation is vague
- Results from trading show several discrepancies
User reviews: 4/10