Forex Scalping EA Review: Things to Consider Before Investing

Forex Scalping EA

The Forex Scalping EA is a trading system that assesses the market to identify entry and exit points for scalping trades. Step-by-step instructions are included to help you navigate the system easily. The company responsible for developing the robot is unknown since it is not mentioned anywhere on the sales page. Additionally, the company’s profile, including its year of foundation, location, staff, contacts, and other robots cannot be determined. 

The highlights of Forex Scalping EA

Here are some characteristics of the robot that the vendor believes distinguishes Forex Scalping EA from others:

Trades safely

The vendor indicates that the software does not utilize any grid trading or martingale money management strategies. This implies that it won’t put your capital at risk of loss. 

Default settings

The robot includes default settings based on numerous years of testing. However, you are allowed to set your own lot/risk size. 

Runs on any account size

There is no minimum balance needed to utilize the EA. It can run on any account size, but you are advised to utilize an account balance you are comfortable with. 

Supports multiple currency pairs

The EA trades on many currency pairs. The symbols used include EURUSD, GBPUSD, EURGBP, and EURCHF.

Trading strategy of Forex Scalping EA

The EA applies the scalping strategy where it implements fast trades from small market movements. This approach can last for a few minutes rather than waiting hours, days, or weeks for trades.

Backtesting reports

Backtest report
Backtest report

Here, we have the backtest results for the USDCAD pair, and according to the report, the EA completed 18322 trades using the 5-minute timeframe. As a consequence, a total net profit of $513681893.64 was generated. The win rates for short and long positions were 80.72% and 80.21%, respectively. A maximum drawdown of 0.89% was reported. This shows that the strategy on board was safe. 

Unfortunately, the system had a higher likelihood of ending up with losses than wins. This is illustrated by the average profit trade of $58712.40, which is much lower than the average loss trade of -$98283.88. 

Trading results in real time

Live trading stats
Live trading stats

This demo account was active between November 2019 and December 2021. During this period, the EA’s used a deposit of $50000 to generate a profit of $5788724.21. Consequently, the account grew by 11577.45%. There was a drawdown of 24.54%, meaning that the system didn’t engage in very risky trading activities. 

Trading performance
Trading performance

A total of 5395 trades were carried out, and on average, the EA held these orders for 28m. The lots traded were 228648.67. The system only worked with long positions, and they attained a remarkable win rate of 87% by the end of the trading period. A profit factor of 4.61 further portrays Forex Scalping as a lucrative tool.

Trading history
Trading history

The scalping approach is evident as the EA opened and closed trades within seconds, minutes, or a few hours. Huge lot sizes (50.00) were utilized. Each order had an SL and a TP attached to it. 

Forex Scalping EA price

This EA has 4 distinct packages. The basic and standard plans are the least expensive as they cost $100 and $150, respectively. The gold offer is $200, whereas the premium one is asking for $250. The plans provide support for all currency pairs, customer support, unlimited demo accounts, and software updates. However, the number of real licenses you will receive depends on the package you choose. A refund policy is not part of the package. 

Forex Scalping EA’s pricing details
Forex Scalping EA’s pricing details

Customer support

To contact the support team, you are asked to fill a contact form, and you will receive a response within 24 hours, except for weekends. A FAQ section is also included, and it may already have the answer you are looking for. 

Are traders happy with Forex Scalping EA?

We found two reviews for this EA on FPA. One of the traders has given the system a 3 star, while the other has given it a 2 star. On the one hand, it is claimed that the EA attains 50-70% win rates and is able to catch more pips in a real account. On the other hand, a trader says that the robot has a much lower profitability rate and a higher losing streak. 

User review on FPA
User review on FPA
Customer feedback
Customer feedback

Forex Scalping EA

Forex Scalping EA
3 5 0 1
We don’t know who is promoting this robot or their reputation in the market. Though the live trading results look great, they are from a demo account. Customer feedback has revealed that the EA can generate different results for different traders on real accounts. The only clear thing is that the system works with minimal risks.
We don’t know who is promoting this robot or their reputation in the market. Though the live trading results look great, they are from a demo account. Customer feedback has revealed that the EA can generate different results for different traders on real accounts. The only clear thing is that the system works with minimal risks.
3/5
Total Score
  • Profitability
    4/5 Good
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    4/5 Good
  • Customer testimonials
    3/5 Neutral

Advantages

  • Acceptable drawdown levels
  • Trading strategy is revealed

Disadvantages

  • Vendor is anonymous
  • A money-back guarantee is unavailable
  • Few customer reviews
  • Live trading stats are for a demo account
Total
0
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