Jabrix Scalper MT5 is an expert advisor that works on the M1 timeframe, EURUSD, GBPUSD, USDJPY, and USDCAD, with low spread pairs, plus it is possible to keep spreads below 1 pip. On the Jabrix Scalper MT5 EA dedicated sales page, the owner mentioned that Jabrix Scalper MT5 EA was created by a trader and professional MQL programmer with more than 10 years of experience. This programmer wants the community to know that he has invented a JabrixScalper mt5 version with new performance and excellent strategy using dynamic algorithms.
Note: Although this expert advisor by Eko sounds like the ideal scalper for trading Forex, the results from his MQL5 signals account is lacking in detail. We prefer a myfxbook.com or FXBlue-hosted account.
The developer in question is known as Eko Rahmadi based in Indonesia and has written a number of signals and products on MQL5. He is currently selling a license of the Jabrix Scalper MT5 EA for $1000 and claims that the price will increase by $100 after every 5 activations.
Jabrix Scalper MT5 EA Review
The EA was first released on the 21st of April, 2020 and the current version 2.2 was updated on the 9th of June 2020. Currently, The Forex EA allows for 7 activations and so far there are over 1410 demos downloaded for this EA.
In as much as some traders might be hopeful about this product, our verdict may not necessarily line up with their expectations. In such a case, you should select from the best Forex robots for trading.
The explanation says that this robot observes price movements with a high degree of accuracy in capturing volatility and the speed of price movements. The software algorithm is based on ”pending buy and sell orders to maintain one another’s orders”.
It sounds quite convoluted since the meaning of this explanation does not come out quite clearly.
On the other hand, they’ve provided a sneak peek of the parameters that will enable you get started. These include:
- Magic Number : 2020, ID to identify the orders.
- Stoploss : 10, Stoploss value in pips.
- TrailingStart : 2, TrailingStart value in pips.
- TrailingStop : TrailingStop value in pips
- Volatilethreshold : 2, Value to determine Volatility of market. Valid value between 1 to 6.
- PowerThreshold: 0, Value to determine Power of Trend. Valid value between 0 to 5.
- AutoLots : true, If true Automatic lots will calculate by EA base on Risk. If false so FixLots will be used.
- Risk : 2, Risk value to determine lotsize in percent.
- FixLots : 0.01. Lotsize used when AutoLots=false.
- Distance Pending from current price in pips : 3, distance in pips to place pending orders.
The developer wants us to note that the Jabrix Scalper MT5 EA strategy is designed for hedging accounts and the default settings are for the EURUSD pair. He also encourages clients to first use on Demo or Live with the smallest lots to get the best setting for your broker.
Also, the developer wants the community to know that this Forex robot is designed to trade the most liquid pairs such as EURUSD, GBPUSD, USDJPY, and USDCAD on the M1 timeframe.
Like all products sold on the MQL5 marketplace, there is a section for real user experience and reviews. We like the way the Jabrix Scalper MT5 EA feedback is coming through. The reviews look vast and debunk a clearer picture of the Forex robot. You will see real reviews on support, performance, strategy, drawdown, and software ownership.
This feedback would be helpful and since you are reading this review, this can also be the best chance to tell the world about your experience with this Forex robot.
Considering the price of the Jabrix Scalper MT5 EA, the developer failed to provide a verified trading result. This developer provides a result in his MQL5 signals area, but the developer failed to tell us whether it is the same software as the Jabrix Scalper MT5 EA.
Since they have at least provided a trading result, they’re better off than Hyper Bot VPS EA.
Meanwhile, this result is showing a total of 7% gain over a duration of 7 weeks since invention. The win rate is 69.9% with a low-risk drawdown of 6.7%. The account started with an initial deposit of $500 and equity of $536.46.
This kind of MQL5 trading result is unreliable and quite limited in statistics. The result shows that equity and total account balance are the same which is not normal. Also, we cannot actually see the floating profit and loss, hence, the drawdown does not provide a transparent lead. What’s more, this account was last traded 28 days ago which is another red flag.
Although this expert advisor by Eko sounds like the ideal scalper for trading Forex, the results from his MQL5 signals account is lacking in detail. We prefer a myfxbook.com or FXBlue-hosted account. With a myfxbook.com account, you will actually see the difference between the total account balance and the account equity. With that, you can see the current streak (profit or loss) of the Forex robot before making any activation. If this vendor wants to see more activation, he should move his product account to myfxbook.com.
In addition to this, the Forex account in question was last traded 28 days ago. So we are essentially discussing a dormant trading account.
Also, the explanation of their strategy is not coming out quite well. If these issues are tackled, we will update this Jabrix Scalper MT5 EA review accordingly.