AURA BLACK EDITION EA V6.1 MT4 NoDLL FOR BUILD 1420+ Download

Definition and Purpose: Aura Black Edition v6.1 is a fully automated Expert Advisor (EA) designed specifically for trading GOLD (XAUUSD) on the D1 timeframe. This EA focuses on delivering stable and reliable results, making it an excellent choice for traders who prefer a secure and consistent strategy without the risks associated with martingale, grid, or scalping techniques.

Unique Selling Points:

• Stability and Reliability: Proven performance on XAUUSD from 2011 to 2020.
• Safety First: No use of martingale, grid, or averaging strategies, ensuring a safer trading environment.
• Advanced Neural Network: Powered by a multilayer perceptron (MLP) neural network, the EA adapts to market changes for optimized trading decisions.
• Compatibility: Suitable for any broker and fully compliant with FTMO and other prop firm requirements.
• Ease of Use: Easy installation with user-friendly settings, making it accessible for traders of all levels.

Performance Metrics: Aura Black Edition has demonstrated consistent performance during its backtesting from 2011 to 2020. The EA always uses a hard stop loss and take profit, crucial for effective risk management. However, it’s important to note that backtest results are highly optimized and may not fully represent live trading outcomes.

Installation and Setup:

• Working Symbol: XAUUSD
• Timeframe: D1
• Minimum Deposit: $500
• Minimum Leverage: 1:20
• Broker Requirement: An ECN broker is recommended. You can find a recommended broker here.

Key Settings:

• Lot for Balance: Automatic lot calculation based on account balance.
• Fix Lot: Option to set a fixed lot size, or use automatic calculation.
• Maximum Orders: Controls the number of open trades.
• Trading Hours: Set specific start and end times for trade execution.
• Risk Management: Features customizable settings for trailing stop, breakeven, take profit, and stop loss.

Comparison with Other Indicators: Aura Black Edition stands out from other EAs by offering a conservative, risk-averse approach. The advanced neural network technology gives it an edge over simpler models, allowing it to adapt and thrive in various market conditions.

Pros and Cons:

• Pros:
  • Secure trading with no reliance on martingale or grid strategies.
  • Adaptive decision-making powered by a sophisticated neural network.
  • User-friendly setup with extensive customization options.
• Cons:
  • Live trading results may vary from optimized backtest outcomes.
  • Requires a minimum deposit of $500 and an ECN broker for optimal results.

User Testimonials and Reviews: Traders have praised Aura Black Edition for its consistent performance and ease of use. The neural network’s adaptability to market conditions is a standout feature. However, users should remember that no trading system is without risk, and proper risk management is essential.

FAQs:

1. Is Aura Black Edition beginner-friendly?
   • Yes, the EA is easy to use, making it suitable even for beginners.
2. Can Aura Black Edition be used on symbols other than GOLD?
   • The EA is specifically optimized for XAUUSD and may not perform as effectively on other symbols.
3. What type of broker is recommended?
   • An ECN broker is recommended for the best results. Check out our recommended brokers.
4. Is Aura Black Edition suitable for prop firm trading?
   • Yes, it meets all requirements for FTMO and other prop firms.
5. What are the risks involved?
   • Like any trading strategy, there are risks. Past performance does not guarantee future profitability, and proper risk management is crucial.

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