A Detailed Review of AREMA MANTRA EA – The Indonesian Forex Robot

AREMA Mantra EA is an automated forex trading robot that originates from Indonesia and is gaining popularity among forex traders. This review provides an in-depth analysis of its features, performance, pros and cons to help you evaluate if Arema Mantra is the right trading robot for your needs.

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Overview of AREMA MANTRA EA

AREMA MANTRA EA is an expert advisor (EA) coded in the MQL4 programming language for the MetaTrader 4 and 5 trading platforms. It utilizes multiple trading strategies and custom indicators to scan the markets for potential trading opportunities across 28 currency pairs.

Some key features of AREMA MANTRA EA include:

• Fully automated trading with no manual intervention needed
• Multiple trading strategies combining price action, indicators, and AI
• Custom-built proprietary indicators for market analysis
• Advanced money management and risk control
• Suitable for scalping, day trading, and swing trading
• Compatible with ECN/STP brokers with low spreads

Trading Performance and Strategy

Extensive backtests reportedly show that AREMA MANTRA EA can generate between 80-150% in monthly returns. However, it is unrealistic to expect such returns consistently. More moderate yet steady results are achievable in live trading.

The EA uses multiple trading techniques in its algorithm:

• Price action analysis to identify trend reversals and breakouts
• Custom indicators for trade entry and exit signals
• Grid and martingale techniques to compound profits
• Incorporates artificial intelligence to adapt to changing markets

It is most effective with the AUD/CAD currency pair on the M15 timeframe based on backtests. But other pairs like EUR/USD, GBP/USD, USD/JPY, USD/CHF also perform well.

Risk Management and Money Management

AREMA MANTRA EA incorporates robust risk management features to preserve trading capital and avoid large drawdowns. This includes:

• Individual trade SL and TP levels
• Option to use equity stop loss
• Maximum spread control to avoid slippage
• Option to limit number of open trades
• Balance protection modes to stop trading during drawdowns

The money management is also advanced allowing you to define the exact amount to risk per trade. Lot sizes are auto-calculated based on risk percentage.

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Ease of Use

The EA comes pre-optimized for certain currency pairs and timeframes. So you can simply load it onto your charts and allow it to trade automatically. The input settings already have good default values requiring little tweaking.

You can adjust risk, enable different trading modes, select currency pairs, and configure other parameters based on your preferences. Detailed documentation provides guidance on using the robot effectively.

Customer Support and Upgrades

AREMA MANTRA EA is sold through various online retailers rather than the developer directly. So customer support levels may vary depending on the vendor.

But the EA is updated frequently with new versions released addressing bugs or adding features. Purchasing options often allow access to updates for 6-12 months.

Pros of Using AREMA MANTRA EA

• Proven track record of profitability in backtests
• Multiple trading strategies improve consistency
• Good risk and money management for sustainability
• Easy to install and use even for beginners
• Frequent updates and innovations

Cons of Using AREMA MANTRA EA

• Limited direct customer support
• Requires reliable VPS and fast broker
• Results vary significantly across different accounts
• High risk trading modes can be dangerous

Verdict

AREMA MANTRA EA is an efficiently coded forex robot incorporating some complex logic and techniques in its algorithm. The high amount of customization also allows traders to tweak it to their preferences.

While the performance claims may be overstated, it has the potential to generate steady returns if used properly. The biggest risk is the grid and martingale strategies which can quickly compound losses if not constrained adequately.

So tread carefully, use tight stop losses, and reasonable position sizing. This will allow you to take advantage of the EA’s strengths while minimizing the downsides. With good risk controls, AREMA MANTRA can be a profitable addition for forex traders.

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