Menu

Forex Scalper EA Review: Is it a Scam Robot?

Forex Scalper EA Review: Is it a Scam Robot?

Share This!

We are taking a careful look and also analyzing a new trading software that promises to provide traders with the best “fully automated scalping approach in the market”, Forex Scalper EA (forexscalpea.com).

The developer seems to be over promising and we are already wondering if their claims hold water. Anyway, we will just take what we think is realistic and ignore statements that aren’t

The developers of this system believe that they can simultaneously take advantage of multiple currency pairs while sustaining a level of “deadly accuracy.” And this review, we will go through all of the important elements, and let you know if this is a viable investment opportunity or not.

There is no information about the developers of this software, their location, or the type of trading experience they have in the Forex marketplace. We essentially have to trust that the creators of the system are experts, and have what it takes to produce a winning scalping strategy. To get in touch with support, traders can email [email protected] If you’re in a hurry to get a Forex robot, visit this page.

Forex Scalper EA Review

The presentation of the Forex Scalper EA is quite lackluster, from the unprofessional nature of the website, to the poor descriptions of their EA strategy. The majority of the content on the sales page is very difficult to comprehend, because it’s quite apparent that the copywriter speaks English as a 2nd language. What I have been able to gather, is that the software is built to work for 6 different currency pairs, which all include a fixed stoploss and take profit.

Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.

worldmarkets

The developers mention a “built-in dynamic closing mechanism,” but this is not elaborated on, so we really have no idea what type of impact this has on the overall scalping system. They tell us that the system does not use any martingale or grid strategies, and that there is built-in money management which is calculated using the size of the account, and the risk level set within the EA parameters. Free Robot!

The sales page really leaves us asking a lot of questions, because they don’t elaborate on any strategic elements, and expect the community to trust that it works without any verifiable evidence. This is quite common in the Forex robot marketplace, and something we’ve seen in recent reviews of Forex Kore.

Breakdown of the product

Type: Forex Robot Price: $199-599 Strategy: Scalping Timeframe: Undisclosed Pairs: EURUSD, EURGBP, AUDCAD, USDCHF, GBPUSD, EURAUD For traders interested in the Forex Scalper EA, there are currently 3 accounts available. All of these accounts are compatible with all trading pairs, come with 24/7 support and lifetime updates.

The standard account, going for $199 comes with one license, the advanced account going for $299 comes with two licenses, and the ultimate account going for $599, comes with unlimited licenses. The only issue I have with this license structure, is that the standard an advanced accounts give traders very little room for testing. On the standard account, you can only run one system, which gives you no opportunities to test demo accounts.

Features of the Forex Scalper EA

The Forex Scalper EA developer highlights 9 different features that they want the community to be aware of. Most of these features are commonplace in the Forex robot market, but considering this is an important aspect of the web-page, I will include this in the review.

1. Meta-trader 4 expert advisor

2. Fixed stoploss and take profit Free Robot! 12/15/2019 Robot Review: Forex Scalper EA

3. Fixed risk or fixed lots

4. Consistent and accurate

5. Free updates and support

6. Works on any broker 7 and No minimum deposit

8. No experience required

9. 30 day money back guarantee

Forex Scalper EA Trading Results

The majority of the robot sales pages dedicated to trading results. The top of the Forex Scalper EA sales page consists of 6 back tests, one for each pair, that run from 2010 to 2017.

Considering we are past the halfway mark in 2018, the developer clearly needs to update these back tests, to prove that the software is still viable in current market conditions. Aside from the back tests, the developers also provide us with screenshots of a Myfxbook account.

Originally, we thought that the account was fake, because the developers were only showing us screenshots, and not linking directly to the account. Yet, after doing further research, and personally searching the Myfxbook website, we found that the account actually does exist. The developers should certainly be providing direct links to this account.

The official Myfxbook account is showing a 75% gain over the course of about 3 1/2 months, with a drawdown of nearly 30%. Although this is a small sample size, these are pretty impressive numbers, and certainly not what I expected to see from the Forex Scalp EA.com website.

Update

It’s been a while since we checked in with the Forex Scalp EA and it doesn’t seem like much has changed with the website. They have a YouTube video for their live results now, and also a couple of screen shots.

Neither of these methods are worth relying on. The Myfxbook account in the results section stopped in 2018 without any notice, so they added a 2019 account, but that account hasn’t been active in 4 months either.

So, as it stands they don’t have any active trading results for their product. In going through the comments and reviews here, there hasn’t been much feedback about the profitability of the software. Yet, there is one trader claiming that this software is simply a copy of the Forex Robotron system. We can’t confirm this with any real facts, but it is definitely a concerning statement.

Our best advice for you

The sample size is still very small, so we are not going to jump in and start testing the software today, but we would like to see if this system continues to perform over the next 6 months before we make a final determination. While it’s definitely a surprise, this is an account that we do plan on watching closely for the next little while. Thank you for stopping by, and please leave your comments. Don’t forget to check out these recommendations.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

2 Replies to “Forex Scalper EA Review: Is it a Scam Robot?”

  1. Hola, ¿qué conslusión tuvieron después de probar este robot? ¿vale la pena?
    Gracias por toma*** el trabajo de documentar esto.

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining

Binary Option Scams, Warnings, Reviews & Updates...

Binbotpro

Popular Articles

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons