Forex Scalping is a Forex-related automatic trading solution. Its presentation doesn’t look professional and seems like a flashback to 1999. Anyway, the presentation is featured by a backtest report and verified, but demo trading results.
Forex Scalping EA Features
The presentation has few features that can be united in less than ten lines:
- The system runs the account completely automatically.
- Forex Scalping EA can be used only on the MetaTrader 4 platform.
- It was tested on the 20-year tick data with 90% quality received from a broker.
- The system mostly follows the market direction.
- The trading frequency is quite high because it works in the low time frame direction.
- As a result, the trading length is low and takes no more than several hours.
- The spread level should be at 32-3 pips, not higher.
- It requires VPS to execute orders quickly.
We have got four packages on the board: Basic, Standard, Gold, and Premium. The Basic pack has a $99 price (it was $299). It’s featured by a single real account license. We can buy the Standard pack for $149 (was $499). There are two real account licenses. The Gold pack costs $199 (its ordinary price is $599). It includes three real account licenses. The ultimate package – Premium costs $249 instead of $999. There is an unlimited number of licenses.
How it works
- The system works automatically.
- We have to set it on a single chart.
- It works on the M5 time frame.
It is a EUR/JPY currency pair report on the M5 time frame. The modeling quality was 90.00%. The Spread was set at seven pips. An initial deposit was $1000. The total net profit has amounted to $1,029,149,231. The Profit Factor was 3.16. The maximum drawdown was only 0.71%. The robot closed 23382 orders with 83% of the win-rate for Shorts and 85% for Longs. An average win-streak is eight deals.
Forex Scalping EA works on a demo USD account on EasyForex. It trades automatically. The system requires MT4 indicators data to calculate Entry Point for upcoming trades. The leverage isn’t shown, but most likely, there’s 1:500 or so. This account has lost a verified track record that it had several months ago. It was created on November 11, 2019, and deposited at $50,000. Since then, the absolute gain has become +6485.92%. An average monthly gain is 28.63%. The maximum drawdown was 24.54%.
Forex Scalping EA has traded 3352 orders with 9963.6 pips. An average win is 5.06 pips when an average loss is 9.76 pips. The win-rate is 85% only for the BUY direction. We don’t know why the developers disabled the SELL direction from trading. An average trade length is 32 minutes. The Profit Factor is 3.60. It’s a solid number for a scalping robot.
The most frequently traded currency pair is GBP/USD – 370 deals. The most profitable symbol is GBP/AUD $575,880.
The system scalps only several premidnight hours when the Australian market is open.
Monday is a bit ahead as the most traded day – 816 deals.
The robot works with low risks to the account balance. For losing 10% of the account, the system has to close 125 deals with losses in a row.
As we can see, the system provides profits from 0.5 to up to 20+ pips in a trade.
The 2021 trading results look profitable.
The presentation includes some positive testimonials about the system.
The company runs a profile on Forex Peace Army. There’s just a single review.
The single comment tells us that the robot still requires some customization because the default settings are far from being great. The second reason can be that the execution speed is too high, and the system couldn’t work well on the account.