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Xaaron EA is a new automated Forex robot being sold for $149. The system is by an unknown developer claims that his system is going to help traders go from rags to riches. This developer believes that his product is the only one in this market that truly delivers.
Today I’ll be providing a review and letting you know whether or not this system truly does deliver.
Xaaron EA Review
This Xaaron EA was built to analyze the trends and make decisions based on them. The software also has some sort of a time filter as it trades when it is most profitable to the strategy. There are handful of spelling mistakes bad grammar on the website but I’m trying not to let that influence my decision. I generally only like to make investments with people that are professional and this is on the edge.
The Xaaron EA strategy is not discussed in great detail but I’ll tell you some of the things we do know. The software can be used by both for the five digit brokers, it is fully automated and it trades the EURUSD and GBPUSD on the 5 minute timeframe. The developer also claims that the software has been tested and can work on any broker so obviously that means it is NFA compliant.
At this point I believe it is too early for me to give a full recommendation to the Xaaron EA but I would like to continue watching over us progress. One thing I do like about the software is there is an FX blue account that shows the system gaining large profits on a monthly basis. It is important to recognize though that this software has only been running since mid September and the open orders are in the heavy negative at this point in time. This looks to be quite risky so I don’t suggest jumping in right away. If you something you like to add to this review please leave a comment.
http://www.myfxbook.com/members/BestEARobots/xaaron-ea-bestearobotscom/1055816
Not even with 5k! The robot wil blow up that account as wel. FPA tried that with 5K and they lost there account also
very profitable EA…i use it il real since 18th november and it gain over 50% with only 0.01 lots…very simple strategy
Still using it?
Thank you for your honest review. I agree, it is too early to say how this EA will perform, but Forex Peace Army’s (FPA) test account failed due to large drawdown.
Hello, I’ve been using this Xaaron EA for about a week now. So far it’s doing good I have started with $800 and it made a profit of $100 in two days, but then I messed up, I accidentally pressed the buy button and due to the data released it plummeted down and I lost $200. Today my account stands at $700 with open trades in $-95 I hope I won’t ending losing my money. Fingers crossed.
This is just to update my experience with this robot, it seemed very profitable to me but in reality this robot just simply trades with huge drawdowns the account I had with $800 ended all in loss mainly because I news traded and lost $500 and the remaining was lost by the robot due to the drawdown. After a few months I again added $200 and traded with this robot but again I lost all my money due to the huge drawdown. In my opinion this robot may only work with big account minimum $5000, if you don’t have that much money or of you are not willing to risk that much money then you shouldn’t trade with this robot, on the other side if you have such an amount then this robot MAYBE profitable. For me and my relatively small account it was a disaster.
The EA multiplication leads to the main reason for the explosion, if the opening ratio is set to 0.01, and through multi commodity at the same time it will greatly reduce the explosion possibility, although this will affect liquidation time and profit rate.