Euro Scalper Pro Review: Things to Consider Before Investing

Euro Scalper Pro

Euro Scalper Pro is an MT4 trading tool that provides automated trading services and free trading signals. It has a wide customer base consisting of individual traders and large financial institutions. The vendor promises that the EA will help you trade like a pro. 

Euro Scalper Pro is the developer of this system. It is a trading company that purports to offer trading signals and research to individuals, portfolio managers, financial institutions, and big corporations globally. The team behind the provision of trading, analysis, and research is claimed to have more than 40 years of experience in testing, creating, and trading quantitative, statistically backed trading models in the financial markets. We are not introduced to the team members, though. 

The highlights of Euro Scalper Pro

Find below some of the features that are included in this Forex robot:

Fully automated

The system is designed to conduct trades automatically, with no human intervention. So, your job is to set the EA up, activate it, and let it handle the rest. 

No experience is required

It doesn’t matter if you have traded before, as the system will not require any of your skills to trade. The vendor has embedded in it a set of instructions that it depends on to open and close trades on your behalf. 

No fees/charges

You will not be charged any fees for any trade you conduct using the EA. 

Trading strategy of Euro Scalper Pro

This system is claimed to apply short scalping as a strategy. This involves conducting many trades and holding them for short periods, from a few seconds to minutes. The devs state that the system also demonstrates robust performance through choppy and trending price action. Sadly, they don’t give out more information about these strategies. 

Backtesting reports

The backtesting results are not shared. This is a setback as we cannot really tell if the vendor tested the system well before presenting it to the public. 

Trading results in real time

The EA’s live trading stats are showcased on the official website, but they are not verified. Fortunately, we managed to find a live account on Myfxbook that the system managed between March 2021 and May 2021. Let’s see what the data tells us below:

Live trading data on Myfxbook
Live trading data on Myfxbook

At a glance, the system’s performance doesn’t look good. In about 2 months of trading, the EA managed to eat away 55.11% of the user’s capital, a sign that it traded riskily. It also had a low monthly profitability of 2.59%. So, the account’s value grew by 4.77% only. Other data values are hidden, which is suspicious. 

Performance of trades
Performance of trades

A total of 2416 trades were completed during this period, with the profit factor being 1.06. Long (69%) and short positions (71%) attained average winning rates, which suggests that the robot struggled to find lucrative trading opportunities. The average loss (-8.81 pips) was higher than the average win (4.68 pips), which is a bad sign. It indicates that the system brought in more losses than wins. 

Monthly gains
Monthly gains

Significant profits were made in March and April. Unfortunately, the account suffered immense losses in the month that followed. 

Trading summary
Trading summary

The EURUSD was the most traded pair, with 2402 deals completed. It also generated the highest number of pips—1688 pips. 

Euro Scalper Pro price

The EA has two main paid membership plans. The monthly membership costs $197, whereas the annual one has an asking price of $1997. By subscribing to the latter plan, the vendor says you will receive an enormous 15% discount off the usual price. A free signals service is also offered. To qualify to receive this service, you are asked to open a new live MT4 Standard account through the vendor’s website, use its partner broker, and deposit a minimum of $1000 into your account.   

Customer support

Euro Scalper Pro offers customer support through email, a live chat, FAQs, and Facebook Messenger. You can also follow the company on Twitter and Instagram to get more info the EA.  

Are traders happy with Euro Scalper Pro?

There are a total of 36 customer reviews for this system on Trustpilot, and a majority of them are positive. In general, these traders have given the EA an excellent rating of 4.7/5, some claiming that it has a high win rate and provides a great signals service. 

Euro Scalper Pro’s rating on Trustpilot
Euro Scalper Pro’s rating on Trustpilot

Alt: Euro Scalper Pro’s rating on Trustpilot. 

User feedback on Trustpilot
User feedback on Trustpilot
Customer review on Trustpilot
Customer review on Trustpilot

Euro Scalper Pro

Euro Scalper Pro
3 5 0 1
Euro Scalper Pro is an easy-to-use EA that seems to be loved by traders. The provision of free signals and the lack of trading fees even makes it an attractive option for users. However, we have learned that the system is a poor performer. It trades dangerously, so it’s unable to make substantial revenues for the user.
Euro Scalper Pro is an easy-to-use EA that seems to be loved by traders. The provision of free signals and the lack of trading fees even makes it an attractive option for users. However, we have learned that the system is a poor performer. It trades dangerously, so it’s unable to make substantial revenues for the user.
3/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    2/5 Bad
  • Reliability
    3/5 Neutral
  • Price
    3/5 Neutral
  • Customer testimonials
    4/5 Good

Advantages

  • Beginner-friendly
  • Positive feedback from users
  • No trading fees
  • Free trading signals

Disadvantages

  • Low profitability rate
  • Large drawdown
  • Short live trading period
  • No backtest report
Total
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