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Asmani Pro is a new Forex robot advertised as a low risk and consistent performer. It’s built to work on the M15 timeframe exclusively, with the EURUSD and EURJPY pairs. 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. Today, we will be providing you with a full review and analysis of the software to help you decide if it’s an expert advisor you would like to add to your trading accounts.
The developer of the robot is Mangesh Chinchalkar, located in India. This is his first product on the http://MQL5.com market. He is the only developer working on this project, but it’s worth noting that he is providing frequent updates which is a good sign. The product was first released on February 14th, 2019, and last updated May 14th, 2019, to version 21.1. This means that the robot has been updated over 20 times, since it was released just a few months ago. Here at Forex Robot Nation, we always appreciate active developers.
Asmani Pro Review
The Asmani Pro sales page is made up a very short explanation, and then 5 different blog post which go into different details about the system. These blog posts include information about the strategy, inputs, back testing approach, frequently asked questions, profit and risk analysis.
It’s good to see that the developer is providing a more detailed analysis than most of their competitors.
Trading Strategy
There are 7 different steps in the Asmani Pro EA strategy.
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.
These are all of the steps provided by the vendor. While it isn’t completely clear, 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.
Robot Breakdown
Type: Forex Robot
Price: $290
Strategy: RSI, MA and Bollinger Bands
Timeframe: M15
Pairs: EURUSD, EURJPY
Priced a little higher than we would expect, the Asmani Pro software is currently going for $290. Luckily though, the vendor does provide free demo usage, so you can test the software for as long as you like, before purchasing a live license. The vendor also provides a Asmani Lite version which 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. So, this is another way that you can test the system, to see if it fits your trading style.