Aura Black Edition V4.6 Trading Robot Review
The Aura Black Edition V4.6 is an automated trading robot designed specifically for trading gold (XAUUSD). It is the latest version of the popular Aura Black Edition robot series developed by Stanislav Tomilov. In this comprehensive review, we will take an in-depth look at the features, performance, pros and cons of this trading robot to help you determine if it’s a good fit for your trading needs.
Overview of the Aura Black Edition V4.6
The Aura Black Edition robot for MetaTrader 4 platform utilizes artificial intelligence and machine learning to analyze the gold market and identify profitable trading opportunities. Some key features of this robot include:
- Fully automated trading – Once configured, the robot will automatically execute trades based on its algorithms without any manual intervention.
- Specialized for gold trading – The robot is optimized specifically for the XAUUSD symbol and is not recommended for use on other symbols.
- No martingale, grid, or scalping – The robot does not use any risky strategies like martingale, grid, or scalping that can quickly blow accounts.
- Multiple layers of risk management – The robot has inbuilt risk management with hard stops for take profit and stop loss along with trailing stops to lock in profits.
- Regular updates – The developer regularly updates the robot to improve performance and fix any bugs. V4.6 is the latest version as of September 2022.
Extensive backtesting from 2011 to 2020 shows that the Aura Black Edition robot can produce consistent profits trading gold.
Some key backtest results highlighted by the developer:
- 10 years of profitability – Positive profitability was achieved in 9 out of 10 years in the backtest period with an average annual return of 12-30%.
- Low drawdown – The maximum drawdown was limited to 20% over the 10-year period. Drawdowns in individual years were much lower.
- High winning rate – The robot achieved a win rate of over 70% in the backtest across over 700 trades.
- Stable monthly returns – The monthly returns showed a stable equity curve without huge fluctuations or large drawdowns.
While backtests don’t guarantee future results, these metrics indicate that Aura Black Edition has been robustly tested and optimized for trading gold.
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The developer does not provide verified live results for the Aura Black Edition robot. However, many customer reviews and forum posts indicate users are achieving consistent profits similar to the backtests.
For example, one user review showed a gain of over 400% in 5 months of live trading using the robot. Other reviews mention achieving the targeted gains of 12-30% per month during live trading across different market conditions.
However, as expected with any EA, some users have also reported losses, drawdowns, and poorer performance compared to backtests. So thorough backtesting in a demo account is strongly recommended before using this robot.
Using the Robot
Aura Black Edition is designed to be easy to install and use for traders. Here are some tips on effectively using the robot:
- Demo test extensively – Test the robot in a demo account for at least 1-2 months across different market conditions. Only use real capital after successful demo testing.
- Use recommended settings – Use the developer recommended settings for optimal performance. Don’t over-optimize during demo testing.
- Allow sufficient capital – Have at least $500 account balance for the recommended 0.01 lot size. Adjust lot sizes appropriately for your capital.
- Use a VPS – Run the robot on a reliable VPS service for 24/7 execution and minimal downtime.
- Monitor regularly – Check the EA periodically to ensure stable operation and internet connectivity.
- Manage risks – Use proper risk management and avoid overleveraging the account.
Following these tips will help you get the best results from the robot.
Pros of Aura Black Edition
- Profitable long-term performance – Extensive backtesting shows consistent profits over 10+ years.
- Specialized for gold trading – Designed specifically for trading the volatile gold markets.
- Low drawdown – Effective risk management keeps drawdowns low.
- Easy to use – Simple installation and configuration suitable for beginner traders.
- Good win rate – Wins over 70% of trades based on backtest statistics.
- Regular updates – Developer frequently improves the robot and fixes bugs.
Cons of Aura Black Edition
- No verified live results – Lack of verified track record on real accounts. Relies on user reviews.
- Narrow focus – Only works on gold. Not suitable for other symbols or portfolio diversification.
- Potential overoptimization – Backtest curves look overoptimized. Live results may vary.
- Locks capital – Trades only gold so your capital is locked into a single market.
- Need for monitoring – Requires periodic monitoring like any automated system.
The Aura Black Edition V4.6 robot shows promising results in extensive backtesting and has many positive reviews of live trading performance. Its singular focus on gold trading and advanced algorithms makes it stand out in the crowded field of forex robots.
However, the lack of verified results raises some questions. As with any EA, thorough demo testing is strongly advised before committing real capital. Used with proper risk management, this robot can be a useful addition for gold traders looking for automated trading solutions. But expectations should be set accordingly based on comprehensive demo testing.
Overall, Aura Black Edition V4.6 is an intriguing automated trading robot for gold that is worth exploring for traders interested in algorithmic trading strategies.