A Comprehensive Forex Trading Solution

Best Brokers List

Aura Black Edition EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

The Power of Grid-Based Trading Techniques

Grid-based trading techniques have long been a topic of debate within the trading community. When used correctly with appropriate risk management and settings, they have the potential to generate consistent profits, surpassing other trading strategies. However, it is crucial to employ the right entry and exit logic and manage risk effectively to achieve optimal results.

Unique Features of Aura Black Edition EA

Aura Black Edition EA stands out from other grid-based EAs on the market due to its unique features and capabilities. It is designed to identify favorable market entry points and execute subsequent grid-based recovery trades. Additionally, it offers a second line of recovery trades, a distinctive attribute not found in any other grid EA. This secondary safety net provides a margin of safety, employing high-frequency scalping during price consolidation and compensating for drawdowns during strong market reversals.

Advanced Features for Optimal Performance

1. Overbought-Oversold Trend Filter: This feature helps identify market conditions, ensuring trades are executed in alignment with prevailing trends.
2. Long Only and Short Only Option: Traders can choose to trade exclusively in one direction, depending on their market analysis and strategy.
3. Add-on Reverse Option: This feature allows traders to reverse positions, adapting to changing market conditions and capturing potential profit opportunities.
4. Advanced News Filter: By incorporating a sophisticated news filter, the EA can avoid trading during high-impact news events, reducing the risk of adverse market movements.
5. Email and Push Notification System: Traders receive real-time updates and notifications regarding trading activities and important market events, enabling them to stay informed even while away from their trading platforms.
6. Advanced Time Management System: This feature provides traders with the flexibility to define specific trading hours or time intervals, aligning their trading activities with optimal market conditions.
7. Friday Exit System: To minimize exposure to weekend market risks, the EA includes a Friday Exit System that automatically closes open positions before the market closes for the weekend.

Important Considerations and Recommendations

1. Minimum Starting Capital: To utilize Aura Black Edition EA effectively, a minimum starting capital of $1000 is recommended. However, for optimal results and to accommodate drawdowns, it is advised to start with a capital of at least $3000.
2. Risk Management: Managing risk is vital for long-term success. Using a risk level equivalent to 0.01 lots on a $3000 account balance, or lower, is recommended.
3. AutoMM and Return on Investment (ROI): For accounts of significant importance, it is not recommended to set AutoMM greater than 0.1, equivalent to 0.01 lots on a $10,000 account equity. In such cases, an annual ROI in the range of 15-30% can be expected.
4. Customizability: Aura Black Edition EA offers default settings optimized for GBPUSD. However, set files for other currency pairs such as NZDCAD, AUDCAD, and EURJPY are available. It is important to note that successful trading on EURJPY requires version 1.6 or above of the Aura Black Edition EA.
5. Time Frames and Backtesting: The recommended time frame for Aura Black Edition EA is M15. It is highly recommended to perform thorough backtests, using the M15 timeframe and every tick data for accurate results. Alternatively, fast backtesting using M1 open price can also be conducted.

Aura Black Edition EA Results 

Conclusion

Aura Black Edition EA represents a powerful and comprehensive solution for traders looking to enhance their forex trading strategies. With its advanced features, unique grid-based trading techniques, and customizable parameters, this fully automated system can help traders achieve consistent profits while effectively managing risk. By adhering to recommended starting capital, and risk management guidelines, and utilizing the diverse capabilities of Aura Black Edition EA, traders can navigate the dynamic forex market with confidence and increase their chances of long-term success.