Euro Scalper Pro claims to provide a fully automated trading service with no experience required. There are both free and paid plans for this EA. As per the vendor’s claims, this system has an excellent win rate and allows you to achieve competitive levels of success.
The presentation on the official website is much too brief. We don’t have a list of features and the vendor has not clearly explained how the system functions. There is a live stream showing the trading performance, an FAQ section, a reviews section, and some information on the pricing plans.
There is little or no background information on the parent company. The vendor claims that the team has over 40 years of experience, but we don’t know the identities of the team members. It is unclear where this company is located or when it was established. The website has a live chat feature and you can also contact the vendor at the official email address.
According to the live trading results on the website, this EA is only compatible with the EUR/USD pair. We don’t know which timeframe it is suitable for and the vendor has not shared their recommendation regarding the starting deposit. Euro Scalper pro trades with 1:500 leverage.
From the EA inputs, you can adjust the risk scaling settings and select a fixed lot. The user can complete control over the lot size and account setting. After you have registered, you can request a VPS service, and the team will help you set up one for free.
For the free plan, you need to open an account with the OctaFX broker with a minimum deposit of $1000 or €1000. There are two pricing plans, one for a monthly membership and the other for a yearly membership. The first plan costs $197/month, while the second one can be availed for $1997/year. Both the plans are quite expensive compared to other EAs. Also, the vendor does not offer a money-back guarantee.
Euro Scalper Pro trading approach
This EA follows a short-term scalping strategy. The developer claims that it delivers solid performance through choppy and trending price action. This strategy typically involves the robot conducting a large number of trades on a daily basis and generating small profits for each.
Backtests are important for automated trading systems because they reveal long-term performance. These tests are based on several years’ worth of market data. As such, they reveal the ability of the robot to deal with different market conditions. Unfortunately, the vendor has not shared the backtesting results for this EA.
Euro Scalper Pro live trading results
There are no live trading accounts for this expert advisor on websites like Myfxbook, FXBlue, and FXStat. On the official website, we have the trading results presented in tabular format. Here, you can see the trade opening time, closing time, opening price, closing price, type of trade, stop loss, take profit, commission, taxes, swap, and gain. Also, we can see that the EA trades with a fixed lot size of 0.10. Since the results are not verified by a trusted third party, we have no way to verify their authenticity.
What are the risks with Euro Scalper Pro?
The primary risk is the lack of verified trading statistics. There is no evidence that the EA can generate steady profits in the live market. The pricing plans are too expensive and there is no money-back guarantee. Also, the vendor has not shared the backtesting results for the expert advisor.
If you require support, you can use the live chat feature to pose your question. Also, you can use the official email address of the support team.
There are a few reviews for this EA on Trustpilot. Users have complained about the robot not having well-defined entry and exit strategies.
What are the pros and cons of investing in Euro Scalper Pro?
|Free plan available||No verified trading results|
|No backtesting data|
|Lack of vendor transparency|
As you can see, Euro Scalper Pro has several disadvantages. There is a severe lack of transparency regarding trading performance and the parent company.
Euro Scalper Pro Conclusion
Euro Scalper Pro has no verified track record of winning profits in the live market. The vendor sells the EA at a high price without offering the protection of a money-back guarantee. We don’t have the historical test results for the robot either.