In this post I will be reviewing AsA Fx Forex Robot. AsA Fx is a fully automated forex trading system for the free to download MetaTrader 4 trading platform. It was developed by Argo Labs who specialise in automated trading systems including the previously reviewed Forex Warrior. AsA Fx can trade on all currency pairs and also metals and indexes. The AsA Fx website includes plenty of verified real trading accounts that are showing some good statistics at the time of writing this review. It is refreshing to see the developer using real trading accounts especially with a grid based strategy. Some of the trading accounts have been running for a long time which shows that this forex robot is a long term automated trading solution. Read on more to find out how it works and the risks involved.
AsA Fx Trading Strategy
The AsA Fx trading strategy is based on support and resistance levels. It uses limit orders on either side of support and resistance so that it enters trades on a bounce of these levels. Support and resistance levels often get tested before breaking out hence they will often cause price to bounce for a high probability pullback entry. If the support or resistance level does not hold up and price breakout then AsA Fx will place another limit order at the next level with an increased lot size. It will keep re-entering in a grid style if support and resistance levels are breached until price retraces and all orders are closed for a profit. The maximum size of the grid can be specified in the AsA Fx settings although they do provide the best default settings. The strategy works best during the Asian session when price tends to range more, hence there is a built in trading hours filter. There is also a very useful news filter included to avoid trading around high impact news that can cause big price movements that break multiple levels of support and resistance which helps to prevent an unnecessary grid forming. You can choose between a conservative or aggressive setting depending on how much risk you are willing to take. I would say that the conservative setting makes enough profit as it is so there is no need to be too aggressive unless that is your preferred trading style.
AsA Fx Back Testing
Due to the nature of AsA Fx trading strategy the developers state that it is not possible to back test due to MetaTrader 4 restrictions. However, they have been running AsA Fx on a real trading account since 2014 which is showing impressive results. Decisions for purchasing a forex robot should not be made on back tests alone so it is not a big deal they are not included, specifically because there are real trading account results that have been verified which draws a better conclusion to its overall performance.
AsA Fx Live Results
AsA Fx Summary
AsA Fx can make a lot of consistent profits provided you are happy to use a grid based strategy and the drawdowns this can cause. With sensible lot sizes you can allow for a large grid and a very high chance of all orders closing in overall profit. Make sure that you are using a regulated true ECN forex broker for the best spreads and execution speeds. It has proven verified real trading account results showing impressive statistics. AsA Fx includes one license that you can use on as many MetaTrader 4 demo or real accounts as you wish. It comes with detailed instructions for a quick and easy setup. There is a 30 day money back guarantee so you have plenty of time to try it for yourself and see how much profit it can generate.