Forex Scalping EA Review: Does It Win or Lose?

Forex Scalping EA

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.” 

Forex Scalping EA pop-up offer
Forex Scalping EA pop-up offer

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

Forex Scalping EA previous deal
Forex Scalping EA previous deal
Forex Scalping EA current pricing
Forex Scalping EA current pricing

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. 

Trading strategy

  • The system scalps during a big trend. 
  • It works on the M5 time frame.
  • We can work with all cross pairs. 

Trading results

Forex Scalping EA backtest report
Forex Scalping EA backtest report

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.

Forex Scalping EA trading results
Forex Scalping EA trading results

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. 

Forex Scalping EA trading details
Forex Scalping EA trading details

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.

Forex Scalping EA currency pairs
Forex Scalping EA currency pairs

EUR/USD -is the most profitable and frequently traded symbol – 196 deals and ¥277,950.

Forex Scalping EA houry activities
Forex Scalping EA houry activities

The system scalps during the night session only. 

Forex Scalping EA daily trading activities
Forex Scalping EA daily trading activities

Wednesday is the less traded day with 45 orders. 

Forex Scalping EA risks
Forex Scalping EA risks

The robot has been running with insanely high risks to the balance. 

Closed orders of Forex Scalping EA
Closed orders of Forex Scalping EA

The robot uses aggressive Martingale to close a Grid with some profits. SL levels are so deep. 

Forex Scalping EA open orders
Forex Scalping EA open orders

The system all the time sits in huge drawdowns that don’t match DDs from backtests. 

Forex Scalping EA monthly results
Forex Scalping EA monthly results

The system closed months with unpredictable profits. 

What are the real customers saying about Forex Scalping EA?

Fake testimonials about Forex Scalping EA
Fake testimonials about Forex Scalping EA

We have some fake testimonials written on the bottom of the presentation. 

Forex Scalping EA page on FPA
Forex Scalping EA page on FPA

There’s a page of Forex Scalping EA on Forex Peace Army. We have two testimonials and no trading results added.

Customer review on FPA
Customer review on FPA
Trader review on FPA
Trader review on FPA

We may note that people couldn’t profit from running the system with default settings. 

Other notes

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
2 5 0 1
Forex Scalping EA is a scam trading solution with a scam offer. The developer manipulated pricing to convince us that there is a 75% discount. The trading results are horrible because the system couldn’t manage huge drawdowns. The offer doesn’t include a refund policy to cover us.
Forex Scalping EA is a scam trading solution with a scam offer. The developer manipulated pricing to convince us that there is a 75% discount. The trading results are horrible because the system couldn’t manage huge drawdowns. The offer doesn’t include a refund policy to cover us.
2.0 rating
2/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • Real-account trading results

Dislike

  • No team revealed
  • No risk advice given
  • Scary trading results with Grid and Martingale
  • Scam pricing
  • No refund policy provided
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