DYNASCALP Review: Things to Consider Before Investing

DYNASCALP

DynaScalp assures the best returns without any effort using a scalping-based strategy. The vendor claims that more than 500% of profits were generated by the FX robot with a low drawdown. As per the vendor, the trading tool can provide high gains up to three digits without the need for prior experience. It works on 15 currency pairs. 

This FX EA is promoted by the LeapFX group. The company offers managed account services, automated trading software, VPS, and the best broker recommendations. Other products of the firm include Atomic trader, The Fund Trader, and Bounce Trader. We could not find info on the developer or the team members. There is no location address, phone number, etc. The absence of vendor info raises doubts regarding the reliability of the system.

The highlights of DYNASCALP

Currency pairs and features of DynaScalp
Currency pairs and features of DynaScalp

Here are some features that according to the developer set this expert advisor apart in the market

Money management

Some of the money management features found in this FX robot include the use of SL on all trades. A smart trailing stop is also used to ensure the risks are low.

Low-risk features

As per the developer, Chris Bernell, this FX EA does not use high-risk methods like the Martingale or grid. It uses news filters and closes the trades before the weekend. The measures help to safeguard the account.

Generates 5x to 10x profits 

This ATS is set up to trade efficiently with its scalping approach. The automated scalping software enables a high winning rate without any input on your part. With the pre-installed best settings, profiting is easier from the system.

From the features provided, we can find that there is not much info present on the features and recommendations for this FX robot. There is no explanation of how the EA generates high profits with the automated design.

Trading strategy of DYNASCALP

Strategy of DynaScalp
Strategy of DynaScalp

From the explanation the developer provides for this system, it is clear that the EA uses a combination of night scalping and management of asset weight. It gives importance to pairs that perform well and less relevance to the pairs that are underperforming. As per the developer, the method will be able to withstand any existing market situation and ride the trend.

Backtesting reports

The vendor provides many backtesting reports for this FX EA. Here are results from testing done on the XAUUSD pair using the M15 timeframe from 2010 to 2021. 

Backtesting report of DynaScalp
Backtesting report of DynaScalp

From the above report, we can see that the ATS had generated a total net profit of 823.61 for an initial deposit of $1000. A total of 748 trades were completed with 71.39% profitability and a profit factor of 1.51. The maximum drawdown for the account was 12.15%. From the results, we can see that the drawdown is low but profits are not high indicating an ineffective approach and poor performance.

Trading results in real time

A live real USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is shown here:

Growth curve of DynaScalp
Growth curve of DynaScalp
Advanced trading stats of DynaScalp
Advanced trading stats of DynaScalp

From the above stats, we can see the EA has generated a profit of 863.76% and an absolute profit of 97.71%. The huge difference between the two values makes us suspect that the approach used is risky. Other stats of importance include the daily and monthly profits which are 0.41% and 13.00%. A drawdown of 17.31% is present. The drawdown is low and profits look decent. 

A total of 4085 trades have been executed with 72% profitability and a profit factor of 1.91. From the trading history, we can see the lot size used varies from 0.02 to 0.16. The big lot size and difference in the absolute and total returns show that the scalping approach is not as risk-free as the vendor would have us assume. 

DYNASCALP price

Pricing of DynaScalpv
Pricing of DynaScalp

To purchase this FX robot, you have two different packages available. One is an annual membership license costing $247 and the other is a lifetime membership costing $397. Best settings and recommendations, free updates, customer support, and a 30-day refund offer are the features included in the package. When compared to the market average, the price of this ATS is expensive.

Customer support

An online contact form is present for support. We could not find other support methods like live chat, FAQ section, phone number, etc.

Are traders happy with DYNASCALP?

Unfortunately, we could not find user reviews for this MT4 tool on reputed review sites like FPA, Trustpilot, etc.

DYNASCALP

DYNASCALP
2 5 0 1
DynaScalp assures a high-profit percentage with low risk. The developer provides backtests and live real verified results to prove the performance of the ATS. From the big lot sizes and discrepancy in the total and absolute profits, we can see a risky approach is used. Furthermore, the product is overpriced.
DynaScalp assures a high-profit percentage with low risk. The developer provides backtests and live real verified results to prove the performance of the ATS. From the big lot sizes and discrepancy in the total and absolute profits, we can see a risky approach is used. Furthermore, the product is overpriced.
2/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    2/5 Bad
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    1/5 Awfully

Advantages

  • It is a fully automated software
  • Live verified trading results present

Disadvantages

  • The strategy explanation is vague
  • Live results show a risk approach
  • Price is expensive
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