Asmani Pro is a robot that has been promoted as a consistent performer and low risk. If this were the case, there wouldn’t be any negative comments on the MQL5 platform. Sadly, what is advertised as a low-risk platform is nothing but a sorry excuse for a robot. The developer is a guy who is only interested in users purchasing the program. There is no doubt in our minds that the robot is a flop. Read this entire post for more.
About Asmani Pro
The developer is a guy who claims to be located in India. And this goes to show the intended target audience for this robot. As we have seen, most of the comments are from users in Asia. Ensure you stay away from the robot as it is clearly not working as expected. One of their main problems is that the developer lacks transparency. There is no way of telling the expected ROI with this platform. All the data has been manipulated to sell the idea of a great and performing robot.
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Asmani Pro is the exact opposite of a real trading robot. From their initial selling point, we can see that amateurs lead the robot. Even their sales pitch on the MQL5 platform is not convincing. It seems that these are mere developers who want to share their skills in the wrong arena. And this is the reason why we must insist on being careful with unverified online trading tools. Even their years of trading does not produce any concrete evidence of a successful robot.
Asmani Pro License and Registration
Asmani Pro is not yet a valid trading robot as it has not gone any testing from authorities and investors. A closer look at the regulatory body in India suggests that the robot is not registered. And this shows the extent to which the developer will go to put your funds at risk. Without a valid permit to show their existence, the robot remains a high-risk venture. These robots, without valid certification from authorities, tend to close the shop at any given moment. And this puts the minimum deposit at risk.
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Without a valid trading license, it means the developer does not insure deposits made. And this is a scenario that will lead to losses. When a user encounters any losses, they will not be able to recover the remaining balance. A good example is when a user losses $2,000 out of a possible $3,000. The user will not be able to withdraw the balance of $1,000 from the platform. It is the reason why investors and traders should opt for recommended trading robots. The robot in question poses too much risk to users.
Assets covered by the robot
From the trading platform, we can gather that the robot works with one currency pair. The only available currency pair is EURUSD, with no other pairs. Even if the robot uses a major currency pair, it would be better to have more than one option. Users are limited to trading with one currency pair, which can prove to be a problem. Real traders want a variety of trading instruments to help them enjoy their spreads.
Mangesh Chinchalkar is the name we have been provided as the developer of the platform. On looking at his MQL5 trading profile, we see a man’s photo with a red background. A quick search using other social media profiles such as LinkedIn does not match the person. And this is an indicator that the developer is not the man in the picture. Anonymity is a risky venture, and we hope that the developer will come clean. A good place to start is using a YouTube video to verify his profile.
As we stated earlier, the comments vary depending on which user. What is visible is that there are way too many negative comments than positive ones. And this goes to show what to expect with the platform. Those that paint a positive picture have no evidence to prove they profited with the robot. We have not yet received any feedback from those who claim to have won with the robot. It seems that the robot’s developers could have hired these people to paint a positive image of the bot.
Different steps in their strategy
To use the robot effectively, the developer insists on following seven different steps. According to the developer, the robot waits for the market to oversell or overbought. These three indicators include RSI, MA, and Bollinger Bonds. If the first trade goes wrong, the robot will place a second trade. All this seems too risky as the robot does not guarantee any profit margin.
Features of Asmani Pro
Asmani Pro is a scalping grid type of robot that uses the M15 timeframe. The lot size varies, and there is no stop-loss or trailing stop. According to the developer, the minimum account size is $3,000, which is way too high. There are three indicators with no demo account to help users. There’s a projected annual profit is stated at 200 percent, which is another worrying feature. When it comes to the projected maximum DD, the robot sets it at 35 percent. Users will trade with only one currency pair, EURUSD.
Pros and cons of Asmani Pro
Asmani Pro is going for $290, which is a bit too high, considering the industry set minimum is $250. Even the minimum account balance is high, as the vendor has set it at $3,000. Up until recently, the vendor has started to provide a demo account. It was not there when we started our investigation, but a few days later, the demo feature popped up. The vendor should do a better job with the price of his robot. Even the user reviews on the price are low, which points to a disappointed lot.
Contact and support
Although the developer insists on having a Whatsapp number, the communication is rare. Whatsapp’s response is dismal at best, and leaving a message on their MQL5 platform is better. There is no actual communication process that helps users contact the vendor when needed. Today’s vendor will create their own chat boards to help users navigate the robot effectively.
Results and trading performance of Asmani Pro
All we have from this platform is a demo account performance chart. There is no FX Blue or myfxbook trading results for us to audit. And this is very disappointing as the demo results don’t come close to a real trading account. It is the very same reason that we insist that the robot is not fully professional. The vendor is not transparent with his trading result, which is a big blow. Once the developer shows us what the robot actually performs with a real account, we might change our stand.
Scam or Legit Asmani Pro
Asmani Pro is a robot that is simply trying to make users sign up; there is no advantage to it. The users are still not happy with the trading results. Even the updates don’t come often, which is another flaw with the robot. It would be wise to stay away from it and use industry-recommended products.
We won’t be recommending any platform that does not have real trading performance.
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Our entire team wishes everyone a safe trading experience.