Forex Scalper EA is an automated trading robot that works on popular currency market. From its name, it is a scalper expert advisor, you better expect the robot to trade much frequently on your account. The recommended timeframe is not disclosed.
There are three packages for the Forex Scalper EA – Standard, Advanced and Ultimate. Price ranges from $100-$300 on a 50% discount.
Forex Scalper EA Review
- Forex Scalper EA is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Forex robots like Forex Scalper EA are getting a lot of hype of late and Forex robot scams are not far behind.
- Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
Forex Scalper EA Result
The vendor is using video clips and a myfxbook account to demonstrate what this robot has or can achieve.
Gains are +302.94% on myfxbook account which is jawdropping.
The problem is that Forex robots 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 Forex robots are inconsistent as well.
Our best advise
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.