Elite Forex Scalper is a Forex robot designed for individuals seeking for passive income trading hand free. The developer of Elite Forex Scalper robot claims that this expert advisor will help you maximize your profits. They want traders to know that with the Elite Forex Scalper software, there is ”no need of putting the hard work”. This type of hype is very common among developers of Forex robots. It costs about $249.99/ Lifetime to get full access to the robot.
What is Elite Forex Scalper EA (eliteforexscalper.com)? Either is Elite Forex Scalper robot scam or legit?
Elite Forex Scalper Review
The developer believes that their trading robot was created for individuals that are struggling with forex trading. In addition to this, they claim that Elite Forex Scalper is created for investors looking to grow their investment over a period of time.
You see, no trading system can pick every bottom and top of every market, Forex trading is a game of probabilities where every long-term profit is a big success.
The Elite Forex Scalper strategy works based on preset settings and strategy. The vendor mentioned a combination of scalping, hedging, grid and a conservative Martingale as the software trading approach.
Every trader has unique goals and resources, which must be taken into consideration when selecting the suitable strategy.
The vendor provided a couple of result statistics from myfxbook.com and Fxstat. However, some of the results are outdated and no more relevant in 2020.
This is a myfxbook.com result of an account hosted at the FBS forex broker. This account is showing a total gain of +79.42% and drawdown of 14.o9%. However, important parameters like equity, balance, total withdrawal and deposit remain private and locked.
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.
Choosing a real trading robot
Forex expert advisor involves the use of pre-programmed software which allows you to automate Forex trades. There are many different versions of this software in operation all designed to help you to make money from Forex trading without having to trade manually.
The strategy and algorithms used in the best Forex robot made it possible to achieve full compatibility with any broker. So there is no need to select a broker with special trading conditions.