Asmani Pro is a new expert advisor that was first released on February 14th, 2019, and last updated May 14th, 2019, to version 21.1. It was solely developed by Mangesh Chinchalkar, located in India and Asmani Pro is his first product, and it has the tagline of a low risk and consistent performer. Customers who runs into difficulty using thia EA or wants to reach out to Mangesh should seek customer support via Whatsapp (+919890059592).
Traders can utilize the software with the minimum of $300, but the vendor does make it abundantly clear that the ideal deposit for best results is $1000.
Asmani Pro Review
Asmani Pro is among the few Forex robots around that gives detail analysis of every aspect of their robot that you might think of. These include information about the strategy, inputs, back testing approach, frequently asked questions, profit and risk analysis. We are just giving them credit where it’s due. But this is not to say that we have already endorsed Asmani Pro. A number of things have to be discussed first.
Our in depth review of this new Forex robot Asmani Pro shows, that they give you detail explanation of their trading approach as you can see below
- The robot waits for the market to be either overbought or oversold.
- The trade is placed when there is a clear reversal the trend based on 3 indicators (RSI, MA and Bollinger Bands).
- If the first trade goes in the wrong direction, Asmani will open a second trade when another reversal is found.
- This strategy will keep opening trades until the order per basket setting is reached.
- Lot size is determined.
- The whole basket is closed when a specific profit is reached.
- If “LockBasketCheck” is set to true the robot will start reversing trades to reduce the drawdown.
When the Forex Broker Expert wants to consider whether an EA will make it to the Best Forex robots page, we look at how in dept they are with their trading approach. Though the Asmani Pro details are not perfect, it is one of the most detailed methodology reports we’ve ever seen Forex robot marketplace. We hope that other systems that want to qualify for our best Forex robot ranking, consider doing the same.
- Type: Forex Robot
- Price: $290
- Strategy: RSI, MA and Bollinger Bands
- Timeframe: M15
- Pairs: EURUSD, EURJPY
There is Asmani Pro, Asmani Lite as well as a free demo package for you to explore. The Asmani Pro is priced a little higher than we would expect, the Asmani Pro software is currently going for $290.
Asmani Lite version exist and it is completely free and can be utilized on a live account, with the only condition being that the max lot size you can use is 0.01.
Intraday Time Frame
When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.
Asmani Pro EA time frame is fixed at M15, which is at the extreme of intraday trading timeframe.
Intraday Timeframe have advantages which include lots of trading opportunities, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).
Major and Minor Forex Pairs
When you trade in the forex market, you buy or sell in currency pairs.
Asmani Pro EA deals on one major Forex pair; EURUSD and one crossover pair EURJPY.
The majors are the most liquid and widely traded currency pairs in the world.
At the Forex Broker Expert, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.
Asmani Pro provided their result on MQL5 signal page but failed to verify it either on myfxbook or FXBlue account.
The signal page is showing a 24% gain in the 7 weeks since the account was launched. This demo account started with an initial deposit of $1000, and is now up to $1236. There have been 85.3% profitable trades, and 14.7% loss trades.
According to the results, the maximum drawdown of just 5.3%, but these does seem a little low. We have found in the past that the MQL5 signal pages, often show a drawdown that is much lower than it is in reality. For this reason, we do hope the vendor uploads his trading account to Myfxbook, as they are much more reliable.
As it currently stands, the client feedback is very positive with 53 separate 5 star ratings. Many of these clients are reviewing the system little too early, but they are happy none the less.
Asmani Pro Review Conclusion
Though the Asmani Pro robot has a rather positive part, we would not recommend it now because the overall customer review is not solid yet. Therefore, we are asking our readers to stick to these Forex trading robots signals instead. Lets hope their are more positive reviews in the near future.
DaxRobot have already garnered a significant amount of attention within the sector, with many reviewing their service in a largely positive light. DaxBase is the parent company of DaxRobot, and is, at the time of writing, the only broker with which this automated trading software is partnered. You can try free demo at daxrobot.com.