Forex Scalping is a trading solution that works completely automatically. The presentation looks like we come back to 1999. It’s doesn’t professional at all. The main claim is “Scalp the Forex market fully automated.”
The site haunts us with this menu every ten seconds. It’s impossible to get rid of it even after providing “data.”
What is Forex Scalping EA?
The system scalps short-sized profits trading during mostly a night session. The system doesn’t look stable on a real account.
Official Forex Scalping EA website
The website looks horrible, and we have no idea why they didn’t redesign it. This talks much about the developers.
How can we use Forex Scalping EA?
There is not so much intel shared about how it functions. We had to guess much about it:
- The system works fully automatically for us on a terminal. We shouldn’t do anything extra.
- It works on the MT4 terminal only.
- It was tested on the tick data from the past 20 years.
- The modeling quality was 90.00%.
- It didn’t include testing based on the real spreads.
- The system works trading on the trend direction mostly.
- It opens trades quite frequently.
- The system doesn’t keep orders on the market for a long time.
- As any scalper, it needs to be used on an ECN account with a VPS service.
- We have to use a proper VPS that has the highest speed.
Pricing & refund
It’s typical for scammers to increase pricing in order to provide a discount. It’s ridiculous. There are four packages provided: Basic, Standard, Gold, and Premium. The Basic package costs $100 instead of $400. There’s a single real license. The Standard pack is available for $150 instead of $600. There are two real licenses. The Gold pack is available for $200 instead of $800. We can trade using three real account licenses. The Premium package costs $250 instead of $1000. We’ll get unlimited real account licenses. We have no money-back guarantee provided.
- The system scalps during a big trend.
- It works on the M5 time frame.
- We can work with all cross pairs.
It’s a EUR/CHF backtest on the M5 time frame on the twenty years of the broker data. The modeling quality was 90.00% with 5 pips spreads. An initial deposit was $1000. The total net profit has become $1,944,075,698. The profit factor was 10.83. The maximum drawdown was 0.19%. The system has closed 21,915 orders. The accuracy rate was 93.91% for shorts and 92.19% for longs.
The system was set to trade on a real JPY account on the MiltonMarkets broker. It trades automatically using technical indicators from MT4 automatically. The leverage is 1:500. The account has a verified track record. The account was created on March 04, 2021, and deposited at ¥736,600. Since then, the absolute gain has become +91.95%. An average monthly gain is 13.73%. The maximum drawdown is 46.97%. It’s so high for a professional trading solution.
The system executed 336 deals with 225.3 pips. An average win is 7.82 pips when an average loss is -28.04 pips. The accuracy rate is 79% for longs and 80% for shorts. An average trade length is 23 hours 34 minutes. It has increased ten times since our last visit. The profit factor is 1.43.
EUR/USD -is the most profitable and frequently traded symbol – 196 deals and ¥277,950.
The system scalps during the night session only.
Wednesday is the less traded day with 45 orders.
The robot has been running with insanely high risks to the balance.
The robot uses aggressive Martingale to close a Grid with some profits. SL levels are so deep.
The system all the time sits in huge drawdowns that don’t match DDs from backtests.
The system closed months with unpredictable profits.
What are the real customers saying about Forex Scalping EA?
We have some fake testimonials written on the bottom of the presentation.
There’s a page of Forex Scalping EA on Forex Peace Army. We have two testimonials and no trading results added.
We may note that people couldn’t profit from running the system with default settings.
The system looks like a dangerous scam. We can’t trust the system that has approximately 50% drawdowns quite often. Our margin is not for playing.
Summary: is Forex Scalping EA a trustworthy system?Forex Scalping EA
Trading Results2/5 Bad
- Real-account trading results
- No team revealed
- No risk advice given
- Scary trading results with Grid and Martingale
- Scam pricing
- No refund policy provided