Advanced AI Scalper EA is an FX expert advisor sold exclusively on MQL5 by Ho Tuan Thang of the Advanced Autotrading website. The EA was first published on MQL5 on 23 March 2022 and is currently on version 2.2. The Robot allows for 10 VPS terminal activations with over 1805 demos downloaded.
Ho Tuan Thang is the man behind this product and also operates the advancedautotrading.com website, where he promotes all his products. He has approximately a year of experience developing software for MT4 and MT5 in MqL5.
About Advanced AI Scalper
While Advanced Autotrading showcases multiple systems, our review today is about their Advanced AI Scalper, which is said to ”utilizes smart entry/exit algorithms and Machine Learning to identify only the safest entry points during calm periods of the market”. He claims that the EA is focused on long-term stable growth. Because of these, they believe that the robot qualified for the best Forex EA status.
The main features of the software are that it needs one chart setup, does not use martingale, grid, or any dangerous strategy, and uses hidden stop loss to protect your account. He also made note that the EA will learn and analyze the data after each time to make a more accurate decision the next time.
Advanced AI Scalper Strategy
The Advanced AI Scalper is a scalper trading robot that works in conjunction with machine learning. This is what the vendor really tells us about the strategy, which is not enough.
They do provide some recommendations, telling potential clients that the EA works best on the M5 timeframe and a handful of currency pairs. The EA needs a low/raw spread ECN broker with a minimum deposit of $200.
We would like to see more details on their overall methodology, as they do not provide any real detail about their approach. This is common in the robot marketplace as you can see in reviews of Bonnitta EA, EA Black Dragon, and Wolf Scalper.
Breakdown
- Type: Forex Robot
- Price: $399
- Strategy: Scalping, Stop loss mechanism
- Timeframe: M5
Trading Result
The vendor provided a single myfxbook.com account showing the Advanced AI Scalper in action. This account was started on July 2022 and so far is showing a total gain of +35.96% with a drawdown of 18.83%. The robot has completed a total trade of 200 with an average trade length of approximately 2hrs 58mins. The average win is 6.53 pips while the average loss is coming in at -21.35 pips.
So far, the results are impressive but the sample is not sufficient enough to know much as the account has not existed for a full calendar year.
How Advanced AI Scalper works
Advanced AI Scalper is an automated trading software that works based on scalping in combination with machine learning.
Forex robots like Advanced AI Scalper are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather, and other factors.
The inconsistency of the market is impossible to program into a robot, and therefore the results of Advanced AI Scalper are inconsistent as well.
Conclusion
Ho Tuan Thang and his Advanced Autotrading website are new to the Forex robot marketplace, but that does not mean we will be lenient when analyzing them. So far, they tell us some of the basic features and what to expect from their expert advisor, however, we need more details. The vendor needs to tell us more information about the working strategy of this expert advisor.
Also, the result statistics are impressive, but we need to see how the EA performs across all market conditions. We need to see a full-year myfxbook.com result statistics before we can go ahead and recommend this robot.
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Advanced AI Scalper Expert Advisor
$399
Pros
- myfxbook result
- Fair drawdown
Cons
- Poor strategy insight
- High pricing
- Sample result <1year