GPS Forex Robot

Advanced Scalper EA Review

Advanced Scalper EA is an automated trading robot for MT5/MT4 that claims advanced exit-algorithms, spread filters and slippage-control algorithms. The main Advanced Scalper EA input settings shows control of these strategies and we are impressed that the vendor provided manuals for easy setup.

Advanced Scalper EA

 

 

 

 

 

The owner of Advanced Scalper is Wim Schrynemakers and we see that he has a long history and experience in the marketplace as his products comes out with elaborate resources for buyers.

What we don’t like about this vendor is that he uses a pressure tactics for marketing. In the case of Advanced Scalper EA, he claims that only 1 copy is left at the price of $390.

Advanced Scalper EA Review

The Advanced Scalper can be used as a manual trading tool or a fully automated trading software using a High/Low breakout system for entry calculations.

Recommended currency pairs are EURUSD, USDJPY AND GBPUSD and H1 and H4 timeframe are recommended when using in complete auto mode.

The Advanced Scalper allows for 10 activations and there are actually over 12,ooo demo downloaded.

The vendor is very conservative when it comes to updating his expert advisor as you can see that the Advanced scalper EA is just at version 1.55 since when it was first released 26 July, 2017.

Strategy

During our review of the Advanced Scalper EA, we saw a couple of advantages such as the use of stoploss, spread filter, slippage control algorithm and timefilter.

The Trade exit management is controlled using different exit-strategies, SL and TP management. Trade entry management is governed by lotsize and trading hour settings.

  • spread/slippage filters -> Here you can set the spread filter and the slippage control
  • time filters -> here you can set friday-stophour as well as the NFP filter
  • other filters -> here you can set various options, like Virtual SL mode and preferred chart-information
  • Strategy 1 – Trade Entry management -> here you can set the various parameters to determine the entry of the trades
  • Strategy 2 – Manual trade settings -> here you adjust the selection of trades for manual trading, or monitoring of trades from other EA’s
  • Trade Exit management -> here you can set all the different exit-strategies, SL and TP management
  • Lotsize Settings -> here you can set the method of calculating the lot size for Strategy 1
  • Trading Hours -> here you can determine during which hours the EA should be active (for Strategy 1)

The vendor is providing a quick list of features but something worth noting here is that these trading system don’t come with a cheap price tag.

Definitely, the vendor has to find a way of convincing us why he believe we should buy this expert advisor when these robot services are creating the best in-class expert advisory program (EA) at a competitive price tag.

Result

The Advanced Scalper long term account can be seen at the MQl5 signals page. This account has been running since 271 weeks but the reliability is poor.

Advanced Scalper EA Result

Trading activity is also very low as the EA traded for only about 68days out of 862days signals monitoring days.

This MQL5 result shows a Total trade profits of 74.7% and total trade loss is 25.3%. Maximum drawdown is unacceptable with possibility loss of upto 42.9%.

Conclusion

The Advanced Scalper EA is an automated trading system that is utilizes a combination of features for trade entry and exit management. Considering the price of the expert advisor, what we mostly care about is the quality of their trading systems.

With an account showing a high drawdown, I do not see myself recommending this expert advisor now.

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