Gold Scalper Pro is described as a very efficient and lucrative trading strategy particularly created to trade gold. The devs say that the EA applies a rock-solid strategy that has been proven to work since the inception of Forex trading. The team has supposedly used the algorithm in many trading systems for over 15 years and has never failed them. But should we believe these statements? We review the robot to find out if the strategy is indeed effective.
What is Gold Scalper Pro?
The robot features the following:
- Sensible TP and SL levels
- Advanced news filter
- Stealth mode
- Friday exit system
- Email and push notification system
- High spread and slippage protection
- Money management
- Advanced news filter
- Professional support
- Free lifetime updates
- Detailed user guide
Official Gold Scalper Pro website
The presentation of Gold Scalper Pro on its official site is detailed. It is divided into different sections that highlight the robot’s features, live and past performance, instructions and recommendations, settings, strategy, benefits, pricing, vendor’s profile, and many more. Therefore, this site can help you to know all there is about this EA.
Gold Scalper Pro was authored by FXautomater. It is clear the company specializes in developing Forex robots for this market. The vendor works with programmers, Forex traders, and dedicated investors, who are claimed to have many years of trading experience.
How can we use Gold Scalper Pro?
This tool can be used to manage trades automatically. So, it will identify trading opportunities for you, place trades, and then close them based on its algorithm. A manual trading system is also featured. It allows you to open manual trades, which the robot will manage automatically.
Pricing & refund
The company has a Christmas offer where it is selling the robot at 40% off. This means that you will be asked to pay $147 for the product instead of $237. With the license you will be able to trade 1 real and 3 demo accounts. You can ask for a refund within 60 days of purchase in case you are unsatisfied with the EA’s performance.
Gold Scalper Pro uses the scalping approach. This means it focuses on capitalizing on small price movements that are common all through the day. The devs acknowledge that the grid, martingale, and other risky trading methods are not applied. They also say that the bot utilizes reasonable stop loss levels and an efficient entry and exit trading logic.
This is a backtest report for the XAUUSD currency pair tested on the 15 minute chart between June 2004 and November 2018. During this period, the EA conducted 1313 trades using a deposit of $1000. As a consequence, a huge profit of $924389.48 was made after 84.65% of the short positions and 86.29% of the long positions were successful.
A maximum drawdown of 8.85% was made, meaning that the system did not engage in risky trading activities. The profit factor was 2.43. This indicates that, for every dollar risked, the robot managed to make twice as much.
As per these statistics, the EA has only implemented 239 trades since this account was opened on August 29, 2019, on Myfxbook. This tells us that the robot doesn’t trade frequently. Its profitability rate is also low. Only a meager earning of $534.50 has been made from a $1000 deposit. The profit factor of 1.62 further illustrates the unproductive nature of the strategy used.
There’s a drawdown of 8.87%. This is good as it shows us that the EA doesn’t expose the capital to unnecessary risks. To date, the best trade has contributed $102.18, while the worst one has recorded a loss of -$48.36.
The EA is very active between 10 p.m. and 9 a.m.
Not all months were profitable. In fact, out of the 12 months traded, 5 of them recorded losses. March had the highest loss rate of -6.05%.
The EA mainly placed short positions.
What customers say
Gold Scalper Pro does not have any customer reviews on any of the credible sites like FPA, Trustpilot, or Myfxbook.
Summary: is Gold Scalper Pro a trustworthy EA?Gold Scalper Pro
Trading results2/5 Bad
- Fairly priced
- Offers free lifetime updates
- Live trading results are available
- Low return rate
- No feedback from clients
- Low trading frequency