Aura Rocket uses a hyperparameter search system together with deep machine learning for accurate entry point detection. Additionally, the FX EA uses multilayer perception to refine the entry points. It also uses the Aura Turbo grid expert strategy along with auxiliary proprietary indicators for its approach.
This trading tool works mainly on the XAUUSD pair. It costs $995, which according to the developer will soon increase to $1295. You can also choose to rent the product by paying $295 for a three-month rental, $450 for 6 months rental, and $595 for a one-year rental.
When compared to the market average, we find the pricing is exorbitant. Further, there is no money-back guarantee for the product which makes us suspicious of its reliability.
Aura Rocket trading strategy
According to the developer, the system uses a unique approach that involves the use of machine learning. Hyperparameter optimization is used by the system for minimizing the loss function on independent data. The FX robot uses a trend-following approach with each order using an SL for protection. It does not use risky approaches such as the grid, arbitrage, scalping, and Martingale.
The author explains that you can use the robot for long-term trading using low risk with every trade safeguarded by a hard SL. In higher-risk settings, he warns that the drawdown will be higher but with high possible returns. In the Rocket mode which uses the maximum risk, the EA can double its deposit or can lose the capital.
Aura Rocket features
Some of the important features of the system that make it competitive as per the developer are:
- The FX EA uses a hard SL and TP for every position.
- It is not sensitive to broker conditions but a lower spread is recommended.
- The FX robot is fully automated and easy to install.
- It is a FIFO compatible and FTMO suitable system.
- A timeframe of H1, a minimum deposit of $100, and the minimum leverage of 1:20 are the main recommendations for the FX EA.
Aura Rocket backtesting results
A couple of backtesting results are present on the MQL5 site. Here is one of them:
From the above report, we can see that a total net profit of 2,886,686 was generated for an initial deposit of $1000. A total of 305 trades were completed with a profitability of 95% and a profit factor of 8.78. The drawdown was 17.58%. From the results, it is clear that the system uses a low risk as seen from the low drawdown. The high profits indicate good performance.
Aura Rocket live trading results
A real USD account using the Weltrade broker and the leverage of 1:1000 on the MT4 terminal verified by the myfxbook site is shown here:
From the above stats, we can see that the system has generated a loss of 3.72% with a daily loss of 0.04% and a monthly loss of 1.11%. The drawdown for the account is 21.46%. For the account that started in February 2022, a total of 68 trades were completed with 88% profitability and a profit factor of 0.94. The growth curve shows a series of losses indicating poor risk management and an ineffective approach.
Aura Rocket reputation
Stanislav Tomilov is the author of this FX EA. He is based in Russia and has more than seven years of experience in developing FX products. He has created 9 products and 19 signals. Aura Black, Aura Turbo, and Aura Professional are some of the products made by the author. For contact, he provides an email address and a Telegram group link. You can also contact him via direct messaging on the MQL5 site.
The FX EA has 23 reviews on the MQL5 site with a rating of 3.83/5. Since the MQL5 site promotes the product, there are chances of manipulation of the feedback. Further, we could not find user reviews on third-party sites like Forexpeacearmy, Trustpilot, etc. that can support the reviews on the promoter site.
Aura Rocket review summary
- Strategy – 4/10
- Functionality & Features – 4/10
- Trading Results – 3/10
- Reliability – 3/10
- Pricing – 4/10
Aura Rocket uses a trend-based approach to make precise and successful entries. The developer provides backtesting results that reveal low risk and high performance. However, our evaluation of the FX robot reveals that the good performance in the backtests is not replicated in the real trading results. The loss in the real trading account reveals poor risk management by the system. Further, the expensive pricing and the lack of a money-back guarantee are other shortcomings we noticed in the system.
