Forex Robots

Aspex EA Review: Affordable Expert Advisor Without Verified Statistics

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Aspex EA

Aspex EA is a fully-automated expert advisor that works on the Metatrader 4 trading platform. As per the developer’s claims, this system has an incredibly high win rate of 90-95%.

The team behind this EA consists of software programmers who are passionate about trading. This team started developing automated Forex trading systems since 2017. We don’t have any background information on the team members and the vendor has not shared the contact address. Also, it is unknown whether this team has built other robots in the past.

Aspex EA strategies and tests

This robot does not require any manual input to perform trading operations. You can easily install the system and set it up on your MT4 trading account. Once installed, it will start placing trades automatically.

Aspex EA has an advanced risk and lot management system. This means it can automatically calculate the proper size of the trading lot based on the account size. It is compatible with all timeframes. However, the vendor recommends running it on H4 charts. You can use it with all currency pairs, but the recommended pairs are GBP/USD and GBP/JPY.

This EA is based on a pure trend following strategy. The vendor has not explained the strategy in detail. Trend following EAs usually tries to identify a price trend that is likely to persist in the same direction. As the trend advances, the system tries to extract profits from it. Now, there are many ways to do this, but we have no idea what kind of approach the EA takes in analyzing the trend.

EA vendors often test their systems using historical data. These tests, known as backtests, can go on for several years. By exposing the robot to different market conditions, they test the robustness of the EA. Unfortunately, the vendor has not shared the backtesting results for this robot. As such, we don’t have any idea about its long-term performance.

Aspex EA live trading account review

Growth chart of Aspex EA on MQL5

Growth chart of Aspex EA on MQL5

There are no verified trading accounts for this EA on websites like Myfxbook, FXBlue, and FXStat. This account was launched on February 1, 2022, so it has a very short trading history. Therefore, It is difficult for us to accurately analyze the system’s profitability based on these results. Aspex EA uses the FXChoice broker to conduct trades with 1:200 leverage. The robot has had 13 trading days during which it has placed 154 trades. After winning 98.70% of all trades, it has managed to generate a profit of $358.48.

This account has a very high drawdown of 52.6%, which tells us that it follows a high-risk strategy. There have been 119 maximum consecutive wins and 1 maximum consecutive loss for this account. It has an extremely high profit factor of 171.70.

Pricing

There are two distinct pricing plans for this expert advisor. For activating a single account, you need to pay $499. By paying $899, you can use 2 trading accounts. Both plans come with unlimited usage rights for customers. You can complete the payment using multiple modes, but unfortunately, there is no money-back guarantee offered by the seller.

Is Aspex EA a good system to rely on?

On the official website, the vendor has claimed that the EA has a win rate of 90-95%. Looking at the trading statistics, we can see that this is true. However, the results are not verified by a third party and the account is only a few weeks old. Also, the vendor has no refund policy in place. This means you won’t get any of your money back even if the EA does not work for you.

User review for Aspex EA on Forex Peace Army

User review for Aspex EA on Forex Peace Army

We only have one review for this robot on the Forex Peace Army website. Here, the user has claimed that their account burned in less than a month and that the EA follows a risky strategy.

Customer support

There is no official email address for the support team. The website has a live chat feature through which you can get in touch with the support team. Alternatively, you can use the contact form.

Aspex EA

5

Aspex EA promises a high win rate, but there are no verified trading results for this robot. While the pricing plans are affordable, your investment is not protected by a money-back guarantee. Last but not the least, we have little or no information on the parent company behind this robot.

  • Compatible with all pairs
  • 100% automated system
  • No verified trading statistics
  • No refund policy
  • Lack of vendor transparency
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