Dynamic Pro Scalper Review: Does It Win or Lose?

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Dynamic Pro Scalper

Dynamic Pro Scalper is compatible with all types of brokers and works on the MT4 platform. The algorithm can be used to trade with averaging and martingale strategies. Traders can start trading with as low as $100 and use the spread protection system to protect themselves from highly volatile conditions. 

What is Dynamic Pro Scalper?

Dynamic Pro Scalper has the following features:

  • It has a high slippage protection
  • Traders can use money management within the robot
  • There is a recovery system in place
  • The robot is fully customizable

The developer does not recommend the leverage we require to trade with the robot. 

Official Dynamic Pro Scalper website

The robot is available on the website, where we can see multiple systems from Automated Forex Tools. Traders can witness the features and the working methodology of the EA. All the information is present on a single page.

How can we use Dynamic Pro Scalper?

  1. You can use the robot by purchasing it from the website 
  2. Provide your account number
  3. Afterward, traders have to place it in their experts’ directory and attach the robot onto charts to start trading.

Pricing & refund

The robot is available for $44, and there is a 60-day money-back guarantee. There is a license available for 1 real and 2 demo portfolios. Traders can also try it on a virtual portfolio free for one month.

Fee structure for the robot
Fee structure for the robot

Trading strategy

The developer states that the robot operates GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD, and USDCHF. It uses grid and martingale strategies and has a recovery system in place. From the Myfxbook records, we can see an average trade duration of 13 hours. The trades do not come with a stop loss and take profit, and the exits are all virtual. The devs claim that robot will only close positions when they are in profit. 

Trading history on Myfxbook
Trading history on Myfxbook

Backtesting results are available for EURCAD, where the relative drawdown was around 3.96%. The winning rate was 77.18%, with a profit factor of about 2.55. 

The test was done with a starting balance of $10000. The robot tanked an average profit of $288032.78 during this period. 

There were 3295 trades in total, and the best trade was $1760.33, while the worst one was -$1963.47.

Backtesting records
Backtesting records

Current performance

We have live records from May 08, 2020, till the current date. The robot had an average monthly gain of 1.47%, with a drawdown of 6.95%. The high value of drawdown provides us with a poor risk-reward ratio at 5:1. Every dollar that the robot makes has to risk an additional $5.

There were 63 trades in total, with 71.54 lots traded. The expert advisor traded with a winning rate of 63% with a profit factor of 1.98. The average winning trade was 8.8 pips, while the worst one was 5.22 pips. 

Live records on Myfxbook
Live records on Myfxbook

What are the real customers saying about Dynamic Pro Scalper?

There are two customer reviews present on Forex peace army where one of the traders says the company has satisfactory results. They do not mention the expert advisor they have been testing. 

Customer review
Customer review

Summary: is Dynamic Pro Scalper a trustworthy robot?

Dynamic Pro Scalper
3 5 0 1
Dynamic Pro Scalper uses grid and martingale strategies on the account. The algorithm trades with a poor risk-reward ratio and does not have results on a live portfolio.
Dynamic Pro Scalper uses grid and martingale strategies on the account. The algorithm trades with a poor risk-reward ratio and does not have results on a live portfolio.
3.0 rating
3/5
Total Score
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    2.0 rating
    2/5 Bad
  • Trading results
    3.0 rating
    3/5 Neutral
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    4.0 rating
    4/5 Good

Like

  • Live records available on Myfxbook

Dislike

  • Uses martingale
  • No information on the developer
  • High-risk reward
Total
0
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