Dsc Price Action is a Forex expert advisor for Metatrader 5 that trades in the EUR/USD pair. It was launched for sale on the MQL5 marketplace on June 11, 2020. As per vendor claims, this robot has a high win rate. Of course, we need to analyze the system independently to determine whether this claim is true.
Dsc Price Action is currently available for the price of $499, which is quite expensive compared to other robots. There is a rent option available for this system where you can use it for a monthly fee of $99. The vendor also offers a free demo version of the software for testing purposes but unfortunately, there is no money-back guarantee.
Dsc Price Action trading strategy
On the MQL5 website, the vendor has not properly explained how this EA works. We know that it trades the EUR/USD pair for the M5 timeframe, but the vendor has chosen not to reveal the technical details of the system. It has been mentioned that the robot leverages the account at a fast rate, but we have no idea how it achieves this feat.
As per vendor recommendation, you should sign up with the ICMarkets or XM broker while trading with this EA. Experienced traders wish to get the maximum possible information on a robot before investing in it, so the lack of information will definitely count as a red flag.
Another major shortcoming of this EA is the lack of strategy insight. The vendor has not explained the trading strategy followed by Dsc Price Action, so we don’t know what indicators it uses for making its entry or how it gauges the strength of the trend. Without proper strategy insight, most traders would not feel confident about investing in this EA.
Dsc Price Action features
For this EA, the vendor provides set files and shares the Google drive link using which you can download them. In the EA settings, you have to enter diogo.cansi to make the system work properly. If you need support, you can use the WhatsApp number or email address shared by the vendor.
Dsc Price Action backtesting results
Here we have the results for a backtest conducted on the EUR/USD currency pair using 99% modeling quality. The EA used a small initial deposit of $25 for this test, using which it generated a total profit of $112442.84. It placed a total of 189 trades during this test, winning all of them. Now, it is quite unrealistic for a robot to win all of its trades in a backtest, so we think the results might have been manipulated by the vendor.
Dsc Price Action live trading results
We were unable to find any verified trading results for Dsc Price Action on websites like Myfxbook, FXBlue, and FXStat. Serious Forex traders place a lot of emphasis on verified statistics, and they do not trust EAs that don’t publish their results on these websites.
For this EA, the vendor has published the live trading results on the MQL5 website. This account has a trading history of 164 days. During this time, the EA has placed 319 trades through this account, winning 260 out of them. This means it has a win rate of 81.50%. For the account, the EA has an extremely high maximum drawdown of 82.9%. Thus, it is clear that Dsc Price Action follows a high-risk strategy that can lead to huge losses.
Dsc Price Action reputation
Dsc Price Action is sold on the MQL5 website by a Brazilian trader called Diogo Sawitzki Cansi. We don’t know anything about this person’s background and qualifications, but we can see that they have been selling EAs on the MQL5 website for more than 5 years. Other systems developed by this trader include Dsc Kamikaze, Dsc Hedge Protect Win, and Dsc Ai Grid.
There are no verified user reviews for Dsc Price Action on third-party websites. On MQL5, we can see a few user reviews, but these cannot be considered authentic. It is clear that the EA suffers from a lack of reputation.
Dsc Price Action review summary
- Strategy– 2/10
- Functionality & Features – 3/10
- Trading Results – 3/10
- Reliability – 2/10
- Pricing – 2/10
Conclusion
Dsc Price Action is an expert advisor that you definitely should not invest in. It is an overpriced system without a money-back guarantee. Furthermore, it has no verified trading statistics, and this makes it a thoroughly unreliable robot.
