Punisher Scalper trading robot is aimed at scalping the markets. The algorithm is available on the MQL5 marketplace and comes with live records on a demo account. The developer recommends using $100 and a broker with a close stop loss level. To see if it can be used on a live portfolio, we will review the system in our article.
What is Punisher Scalper?
Punisher scalper has the following features:
- Traders can install it easily within 5 minutes.
- The robot can trade four currency pairs at one time.
- Each trade has a stop loss attached to it.
- It uses an advanced search and mechanism system.
- There is no recommendation on the leverage.
- The minimum balance requirement to use the product is $100.
Official Punisher Scalper website
The robot is available on the MQL5 website, where the developer lists all the information about the product. The product listing is available in a detailed manner where the author enlights us on the supported currency pairs and the required broker to make the robot work perfectly.
How can we use Punisher Scalper?
You can use the robot by purchasing it from the MQL 5 marketplace. Afterward, traders have to place it in their experts’ directory and attach the robot onto charts to start trading.
Pricing & refund
Although the robot comes at an affordable price of $125, there is no money-back guarantee provided. Moreover, there are no renting options available. Luckily, the vendor offers a free demo to test the EA before purchase.
The developer only states that the EA does not use martingale and grid strategies. It has a stop loss attached to each trade and works on four currency pairs, including EURUSD, USDJPY, GBPUSD, and XAUUSD. From the trading history, we can observe that the expert advisor has a varying stop loss and take profit. The minimum trade length is 7 minutes that points towards a scalping approach on trades.
Backtesting results are not available for the product, which raises red flags on its authenticity. The author states that they had tested it for ten years but are not willing to share the records, which points out that it is not profitable. We can deduce that the EA might have failed during the historical testing.
Live trading results are available on Myfxbook. The EA started trading on April 25, 2021. For that time, the robot has generated an average monthly gain of 183.50%, with a drawdown of 53.29%. The high value of drawdown indicates more than 50% loss of balance while trading. There were 642 trades in total, with 9676.66 lots traded. The expert advisor trades with a winning rate of 42% and a profit factor of 1.61. The average winning trade is $965.42, while the worst one is -$439.71.
What are the real customers saying about Punisher Scalper?
There are multiple reviews present on MQL 5 marketplace. The users seem content with their purchase of the product. It looks as if the reviews have been purchased or written by the seller. One of the reviewers stated that he is very pleased with the purchase and advised that all the other investors should get the product.
Summary: is Punisher Scalper a trustworthy robot?Punisher Scalper
Trading results3/5 Neutral
- Live records available on Myfxbook
- Live records are on a demo account
- It does not explain the trading strategy properly
- There is no transparency on backtesting