This article has mentioned an advanced scalper review that will be useful to you in the long run. By the term Advanced Scalper, we refer to a comprehensive automated trading system formed after many years of research. According to the claims made by the vendor, this particular robot has the backing of three years’ worth of live trading outcomes.
As per the vendor, there is a slippage control algorithm and a spread filter with this particular EA that helps it stay away from significant losses at the time of massive slippage. Nevertheless, there isn’t any cash-back guarantee for this specific system, whose cost is relatively high. Nevertheless, there is sufficient evidence of reputation, which makes it worthwhile to invest in it.
What is the functioning process of Advanced Scalper?
With every single trade, Advanced Scalper makes use of a stop loss. It features a spread filter and a sophisticated stop-loss management system that allows it to stay away from trading even when the conditions in the market are unfavorable. It is possible to fine-tune the trading entries according to your style even though the system is 100% automatic.
It comes with an exit strategy that you can use with manual trading. Per the vendor, this robot has already survived sophisticated backtests performed flawlessly with 98% tick data. The vendor recommends operating this robot on brokers having a swift exhibition, low commission, and low spreads. Moreover, it is also advisable for you to make use of an ECN broker.
Currency pairs, timeframe, deposit
There are three pairs in which the trading in Advanced Scalper is done: USD/JPY, EUR/USD, and GBP/USD. The vendor recommends a balance of at least $150 for operating the complete setup. Even though it is feasible for the EA to work on virtually any timeframe, you must H4 or H1 to make the entry points secure.
Trading approach
The vendor does not explain the trading technique employed by Advanced Scalper. Nevertheless, we may presume that it happens to be a scalping technique from the EA’s name itself. Many threads display scalper bots regularly to make trivial profits from every trade. This technique uses insignificant price shifts during the day, and the system must execute transactions efficiently and quickly.
Pricing and refund
Advanced Scalper is marketed for $290 on the official website of MQL5. This might seem a lot for a simple scalping robot, and the vendor provides no cash-back guarantee. According to the vendor, the robot’s actual price is $990, and only a couple of copies are left to be marketed before the alteration of the price to $390. This appears to be an inexpensive marketing strategy in the long run.
Trading results
This happens to be a live trading account on the website of Myfxbook that depicts trading outcomes for Advanced Scalper. As many as 6167 trades are placed using this particular account, and 4617 have been won amongst them. There is a 75% win rate for this account, along with a 1.30 profit factor. It informs us that this EA is appropriate for any trader who wants to make significant profits in no time whatsoever.
The 22.90 % drawdown is another notable thing regarding this somewhat high account. The monthly and daily gains are 4.08% and 0.13%, respectively.
Outcomes
Here, it is evident to us from these results that the comparative drawdown is somewhat high. The win rate for the EA has been 95.54% for this particular backtest, along with a 2.92 profit factor. As a result, the live trading outcomes aren’t that impressive, unlike the historical performance.
What individuals have to say regarding Advanced Scalper
Undoubtedly, the Advanced Scalper is not a scam by any means. There are many customer reviews on the official website of MQL5 where the users have praised Advanced Scalper. This is what we saw in the live trading outcomes. There are also verified reviews on reliable third-party websites that inform us that this robot has a good reputation on the market.
