Forex Scalping is an expert advisor that can work on Forex fully automatically. The presentation looks old and not welcome. The devs should have updated it to become more trustworthy. The devs claimed that “Scalp the Forex market fully automated.”
When we stay on the site, a pop-up menu shows up and offers us to subscribe for their materials. We can’t be sure that they won’t start spamming us.
Key features
The presentation includes not so much information about how the system executed orders and what we have to expect from it.
- Forex Scalping EA runs the charts completely automatically for us.
- The system can be used on MT4.
- The tick data for testing was picked from 20 years.
- The modeling quality has amounted to 90%.
- So, no real spreads were involved in testing.
- It follows a trend direction mostly.
- The advisor places orders with high frequency.
- It closes orders ASAP.
- We have to run the robot on an ECN account and VPS service.
The developer is a scammer. So, he increased the price to provide us with a sale. After seeing this, we can’t trust him anymore. We have four packages on the board: Basic, Standard, Gold, and Premium. The Basic package is available for $100 instead of $400. There’s a single real license. The Standard pack can be purchased as low as $150 instead of $600. There are two real licenses provided. The Gold pack is available for $200 instead of $800. We can trade using three real account licenses. The Premium package costs $250 instead of $1000. We have an unlimited number of demo accounts, all pairs trading available, support, and updates.
Forex Scalping EA trading approach
- The system scalps little profits on the market.
- We can trade all cross pairs.
- The time frame wasn’t mentioned.
Backtesting results
We have a report of EURCHF on the M5 time frame. The data was from 2000 to 2020 picked. The modeling quality was 90.00% with 5 pips spreads. An initial deposit was $1000 then it has become $1,944,075,698 of the total net profit. The profit factor was 10.83. The maximum drawdown was 0.19%. The advisor has executed 21,915 orders. The accuracy rate was 93% for shorts and 92% for longs.
Forex Scalping EA live trading results
The system has been running a demo USD account on EasyForex automatically on MT4. The account has a verified track record. The account was created on November 11, 2019, and deposited at $50,000. Since then, the absolute gain has become 10297%. An average monthly gain is 21.45%. The maximum drawdown is 24.54%.
The system traded 4850 deals with 14,382.1 pips. An average win is 4.56 pips when an average loss is -8.34 pips. The accuracy rate is 87% for longs only. An average trade length is 29 minutes. The profit factor is 4.64.
GBPAUD is the most traded pair with 525 deals closed. It’s also the most profitable one – $897478.
It opens orders two hours a day.
Monday with 291 orders is the less traded day.
The advisor works with low risks to the balance.
It executes orders with fixed lot sizes on various pairs.
It works with the monthly profitability that decreases slowly.
What are the risks with Forex Scalping EA?
The risks are high because the system can’t work properly on a real account. We noted that the advisor was removed from trading on a real account with this account as well. It’s so suspicious.
Worth noting!
The presentation includes various testimonials that aren’t proven.
We have a page of the company on Forex Peace Army. There are no accounts connected.
Both testimonials are negative. It seems that the developers did nothing to solve this issue.
Forex Scalping EA Conclusion
Forex Scalping EA is a scalping trading solution that has all features of the scam robot. The developers removed trading results and an account where the robot worked with real money, having replaced it with a demo account. The testimonials mentioned that the robot is a scam.
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