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Welcome to our today’s review, which is on Hunter Scalper. You might have come across this EA that claims to be the best thing in the market and probably wondered, is it legit? Well, the Bot is another scam you should watch out for.
Hunter Scalper boasts that it is a trading bot that exploits low volatility in the market. Using it, they guarantee you will have vast rewards. The company showcases its performance in the market on its website. Unfortunately, the information is false and misleading.
The Bot is still new in the market as it is less than one-year-old. The drawdown that Forex trading bot has is 6.6%. Forex trading is a method that traders had used before and successfully made the best out of it.
Unfortunately, you cannot achieve the kind of returns that Hunter Scalper project; on the IC Markets ECN, they promise 80% profits, which is a relatively $163% return on an initial balance of $373. It is difficult for any software to sustain these rewards.
If you want to venture into Forex trading, then having background knowledge is a crucial requirement. It would be best if you also did thorough research to endure you venture with legit Forex trading bots that will not compromise your earning.
Feng Zhu, who is the owner, states that the Forex trading bot can only trade one chart at a time. The price of one license is $625. Logically speaking, this is much money that they are asking from traders. There are legit bots that are cheaper than this, especially when you consider there is no success story praising the robot.
Hunter Scalper was first launched in September 2018, and a modified version of the Bot was later launched in December 2018. The Bot has no trading history regardless of developer frequently updating the Bot.
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Considering the red flags that the platform portrays, it will be hard to believe them. The Bot has not yet built a reputation. We do not recommend this trading bot to traders as they have not given us adequate reasons to trust them.
Here are the reasons why everyone is turning to forex trading robots and turning away from non-paying HYIP programs
These robots offer automated trading that’s different from other users. You need to go for trading robots that offer much in terms of automation.
With automatic trading, the bot does all the heavy lifting for you. And this gives you an idea of what to expect with some of these trading robots.
These robots come well equipped with market tools that offer users the best in terms of authenticity.
You have an easier time using these robots as they offer more than just an enticing interface. You get to trade with some of the best tools while you learn.
Forex trading robots are reliable than other forms of earning ROI. These robots are certainly better than HYIPs.
With cryptocurrency trading robots, you stand a better chance of winning more with the platform. Here’s your chance to trade and also win with automated robots.
Fast trade execution is important especially when executing automated trades. Forex scalpers will often use high-frequency trading strategies to enter and exit market positions in a day. Robots use dedicated servers to cater for fast execution of trades.
These robots come with stop-loss features that help traders get a more detailed aspect of what trading is all about. You get the protection you need as a trader not to fall for any huge losses that might occur.
Traders can set their desired parameters with these automated bots. These include maximum drawdown, number of trades per week, average holding time, and set profit targets. And this means traders have a wide selection of trading margins to hit.
Robots don’t get tired and work all day, seven days a week. And this gives the bot a chance to indulge into a deeper role of ensuring they keep profit levels high. The robots do the work for you even while you’re asleep.
The trading strategy of Hunter Scalper remains a mystery. The only thing that we are aware of is that the bot gains from low volatility in the market. That the only thing we are aware of and the pricing.
We tried finding reasons as to why Hunter Scalper markets itself as the best trading bot in the market. Sadly, there is nothing positive about it. The founder of this trading bot claims that the Bot uses a unique algorithm hence yielding better returns for investors.
It can enter and exit the market at favorable times, which attributes to its enormous success. The company mode of operation is shady, and they have not discussed their trading condition. What Hunter Scalper has is a narrative that they are selling out; they do not have a bot. Owe unto those who fall for their enticing story, huge losses await them.
The developer behind this trading bot Is Feng Zhu. There is no adequate information regarding who he is; all we know is he is a trader based in China.
Feng has another Forex trading bot by the name Hells Gate. The price for leasing this Bot is slightly lower than that of Hunter Scalper.
The founder is operating anonymously hiding behind Feng Zhu’s name for transparency purposes. It would be best if you were wary of investing in platforms that you do not know the founders as they will exit the market without your knowledge.
The Bot trades multiple currency pairs, which is an advantage. However, we are not aware of how Hunter Scalper opens and close the trade as this matter is not well explained. The founder of this company urges traders to use VPS, which will grant them better results due to its low latency.
The least amount that you can cash in to enjoy the services is $100. Additionally, the developer urges traders to use an ECN account for low spreads. The two tactics will ensure the trading bot works effectively.
The company is only claiming to offer ECN, but what you have to do is research for bots with ECN trading conditions. There are better trading bots in the market that will help you attain financial goals. Brokers with real ECN will enable you to perform trades individually without any interference.
When you buy the license of Hunter Scalper, the developer requires that you do not interfere with the settings. You have to stick to one chart regardless Feng is not leading by example as he has been running the bit on multiple tables.
If you do as the founder requires, you might end up getting different results as they advertise since you are using different strategies.
The developer of Hunter Scalper shamelessly states that the price of this Bot is $625, yet the returns that he has yielded from the robot are $163. From the information that he has given you see that it is hard recovering your money or it will take some time.
The developer offers a solution to those that cannot raise the money at once. You can pay a monthly fee of $62.50 per month to settle for the outstanding balance. If you do the math, that is still many funds considering it will take a share of your earning.
The price of this Bot is costly especially knowing it has not had a history in the market. The price does not look reasonable Forex venture is a way that you can make good earnings. However, do not invest blindly.
To contact the developer of this company, you will have to do it by fill out a contact form, or you can leave your query on the MQL5 profile. The company should at least have an email or telephone number that clients can use to reach them with ease.
For any investment company to collect money from members of the public, it will need to be regulated by the relevant authority. We took it upon ourselves and searched in the Asian, Pacific, and Europe, which is the area the Hunter Scalper is targeting, but the company is not in the database of regulated trading bots.
Investing with them exposes you to many risks that not even the government can save you from it. You need to be very careful when investing, as not all companies have the best interest of their clients at heart.
The platform has not availed any information on their banking account. Although we highly doubt that it segregates users’ funds. Hunter Scalper will not be in the market for long, and you should not expect much.
Hunter Scalper is a fraudulent Forex trading bot that you should keep your eyes on. The company does not have a demo account; hence you cannot familiarize yourself with the Bot. Without having confidence with the Bot, we urge our readers to stick with reliable Forex trading bots in the market that will help you gain reasonable returns.
Investing with Hunter Scalper is an easy way to lose your funds. The company does not have a license to carry out its services, which is also a major red flag.
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