Renko Scalper EA is the name of an automated trading service based at 153 Kakirawa, Fri Lanka. The owners of this robot promises 60-70% profit weekly while using some of their products. The products include Renko Scalper Pro +C, Renko Real Sclaper, NewsFX and Newset Fix FX. The prices range form $360-$800.
Renko Scalper recommends that you use the robot on M30 timeframe and AUDUSD being the best fx pair.
For now, no much information is provided on the experience and activities of the people behind this robot. What is worse, there is no in-depth details of the Renko Scalper EA strategies.
What is Renko Scalper? Either is Renko Scalper EA scam or legit?
Any expert in forex trading can clearly see that Renko Scalper is a scam. However, if you want to find out why is Renko Scalper a scam and what is Renko Scalper EA in real, then you can find that within our Renko Scalper review here, for that you don’t have to search any other Renko Scalper reviews.
Note: Alternative to this Renko Scalper is the GPS Forex Robot 3
Renko Scalper Review
- Renko 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 Renko 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.
Renko Scalper Results
Renko Scalper provided result for NewsFX system that started from July, 2019 and stopped in January , 2020, but it is showing tremendous gain of 273, 472% in half a year – something that looks very unreal.
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.
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.