Aspex EA is a high-cost system that claims to assess the market intelligently to identify trading opportunities. It works with several brokers, including FXChoice, HotForex, FXTM, and SF Super Forex. The devs intimate that you won’t experience challenges setting the robot up because they have made the process as easy as possible.
Aspex EA company profile
The company that launched this software to the market is not mentioned in the sales pitch. In any case, we are rather informed that the system was created by several expert software programmers who love trading. Apparently, they ventured into the business of developing and selling automated tools in 2017. This, they say, enables them to provide everyone with the chance of earning big profits like them.
The highlights of Aspex EA
The robot’s features are indicated below:
- It is easy to set up on your MT4 account.
- The system trades on all timeframes, but the H4 chart is recommended.
- All currency pairs are supported, but for desirable results, the vendor suggests that you use the GBPUSD and GBPJPY currency pairs.
- It offers advanced risk and lot management systems.
- It adjusts lots according to the size of your account.
The devs say that Aspex is a pure trend following strategy and leave it at that. They don’t explain what this trading method entails to make the trader understand how the system searches for trading opportunities.
Facts & figures
The above account is almost being wiped out, thanks to Aspex’s dangerous trading activities. As you can see above, the EA has generated a maximum drawdown of 99% in just 80 days of trading. The losses made have also accumulated to reach -$21744.58. As a result, the account balance has decreased sharply from $24201.43 to $1456.85.
The profitability rate of the 494 completed orders is 82.38%. The loss made by the worst trade (-$26850) is far much higher than the profit generated by the best trade ($4531.51). This poor performance has definitely contributed to the deterioration of the account’s value. The profit factor of 0.86 also outlines the EA’s inability to produce any good returns on investment.
Aspex EA packages
Two pricing packages are offered for traders who desire to use the robot. You can either pay $499 or $899 to acquire a lifetime license. The former plan only allows you to activate a single account, while the latter one enables you to trade on two live accounts. A money-back guarantee is absent.
Customer support is available. You can submit your feedback or questions about the EA to the team by filling out a ‘contact us’ form. No live chat or phone support is offered.
One trader has written a review on this EA on FPA. He is not happy at all, and accuses the system of burning his account in less than a month.
Is Aspex EA a reliable system?
After assessing the system’s live trading stats, it became apparent that it trades with high risks to the balance. This, in turn, makes it prone to losses. Therefore, it can crash your account within a short time.