Aspex EA Review: Does It Win or Lose?

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Aspex EA

Aspex EA is a new Forex managed program that makes profits without the need of your intervention. As per the vendor, the system will transform your trading by working with low risks and making large profits for you consistently. Live results that illustrate how the robot works in the market can be found on the MQL5 website.  

What is Aspex EA?

These are the characteristics of the robot:

  • It trades on all timeframes, although the vendor advises that you work with the H4 chart.
  • All currency pairs are supported, but the GBPUSD and GBPJPY symbols are the ones recommended.
  • It is 100% automated.
  • It’s easy to use and install.
  • The robot supports the MT4 trading account.

Official Aspex EA website

The official website is aesthetically appealing, but the presentation on the robot is very brief. As you look at the sales pitch, you will realize that the vendor doesn’t tell us much about the features of the system or even explain the trading strategy in detail. Moreover, the devs don’t reveal their names and professional backgrounds. A backtest report is missing as well. 

Aspex EA is the invention of a group of expert software programmers who love trading. They began producing automated trading systems in 2017 with the goal of helping traders to make large profits as they do. Unfortunately, no more info is provided about the vendor.  

How can we use Aspex EA?

Aspex EA is a Forex robot that is programmed to conduct trades automatically. With a push of a button, it runs constantly while opening and closing trades based on inbuilt mathematical algorithms. 

Pricing and refund

This EA is available at $499 and $899. The difference between these two pricing plans is that you will be able to use the system to trade 2 live accounts with the expensive option. The other one only gives you access to a single account. None of the offers comes with a money-back guarantee. 

Trading strategy

Aspex EA is a trend follower. So, it focuses on making profits from market trends based on the presumption that price trends are likely to persist. The robot also includes an advanced risk and lot management system to decrease losses. This strategy supposedly has a 90-95% profitability rate.

The vendor doesn’t display the backtest results of this robot anywhere in the sales pitch. This makes it hard to assess the system’s profitability potential and the kinds of risks it works with in the long term. 

Current performance

Live trading stats on MQL5
Live trading stats on MQL5

Here we have the live trading results for Aspex EA on mql5, but the data has not been substantiated by a third party. The profit realized since the robot began trading in December 2021 is $9689.39. This is after the robot won 81.9% of the 447 trades it completed. The drawdown rate (93.5%) is massive and worrying. Clearly, the robot is trading dangerously. A total of $1000 has been withdrawn from the account. 

Performance of trades
Performance of trades

To date, the robot has carried out 242 long trades and 205 short trades. The average loss (-$1310.51) is much higher than the average profit ($316.51), an indication that the robot is more of a loser than a winner. The negative monthly growth of -60.86% further demonstrates this point. About 15 orders are conducted weekly, and the average holding time for a trade is 16 hours. 

What customers say

Aspex EA has a single customer review on Forex Peace Army. This client accuses the system of engaging in reckless trading as it burned his account in less than a month. No other reviews have been written on the platform since then. 

Customer feedback on Forex Peace Army
Customer feedback on Forex Peace Army

Summary: is Aspex EA a trustworthy service?

Aspex EA
2.4 5 0 1
The system offers to relieve you of the stress of manual trading by handling trades for you automatically. Yet, the vendor expects you to pay a high price to acquire the product. You might not get value for the money since the live results show that the EA trades with a high-risk strategy. In effect, a client who used the robot a year ago says the robot blew up his account.
The system offers to relieve you of the stress of manual trading by handling trades for you automatically. Yet, the vendor expects you to pay a high price to acquire the product. You might not get value for the money since the live results show that the EA trades with a high-risk strategy. In effect, a client who used the robot a year ago says the robot blew up his account.
2.4 rating
2.4/5
Total Score
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    3.0 rating
    3/5 Neutral
  • Trading results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • Fully automated
  • Easy to use

Dislike

  • Overpriced
  • Poor trading outcomes
  • No vendor transparency
  • Negative customer review
Total
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