Dynamic Pro Scalper claims to be the best scalper on the market for the Asian trading session. It is a fully-automated expert advisor that has been developed for the Metatrader 4 trading platform. Since we cannot consider this a trading system based on the words of the vendor, an independent and thorough analysis becomes necessary.
Currently, you can purchase this Forex robot for the price of $44. With this license, you will be able to conduct trades on 1 real and 2 demo accounts. There is a free trial period where you can use the EA for 1 month on demo accounts only. The vendor provides you with lifetime updates and 24/7 support. There is a 60-day refund policy for this expert advisor.
Dynamic Pro Scalper trading strategy
Dynamic Pro Scalper has some additional trading systems other than the scalping system. It has a simple grid system where it opens additional trades with the same lot size. You can modify the distance between these additional trades. There is a special indicator that you can enable to add a second condition for the opening of trades. The lot size remains the same as the first trade by default, but you can use a lot multiplier to increase the size if you wish.
For the Grid and Martingale system, the robot exponentially increases the size of the lots. You can control the value of the lot multiplier. This is a very risky strategy that experts advise novice traders to avoid.
You can also use the additional trades system as a recovery system. Here, the EA places a single trade with extreme risk in an attempt to recover losses. For this system to work properly, it is vital for the proper distance to be set between the first trade and the recovery trade.
The vendor recommends starting with a balance of $100-$500 and a trading risk that does not exceed 2%. Since this is a scalping bot, it only generates small profits for each trade. Due to the high trading frequency, the strategy might not be suitable for newcomers.
Dynamic Pro Scalper features
Dynamic Pro Scalper has a money and account management feature. It protects you against the deceptive techniques used by brokers, although we are not sure how. You can use this robot with all brokers including those based in the US. It can automatically detect the GMT factor and has high slippage and spread protection functionalities. The recovery factor for this expert advisor is more than 20.
Dynamic Pro Scalper can send you mobile push notifications and emails to alert you about trading opportunities. However, you need to manually enable the alerts. It can operate on both MAC and Windows computers.
Dynamic Pro Scalper backtesting results
This backtest was carried out from 2004 to 2019 for the EUR/CAD pair. Using an initial deposit of $10,000, the robot placed 3295 trades, winning 77.18% and generating a total profit of $288032.78. The profit factor for this backtest was 2.55. The robot made 24 maximum consecutive wins and 4 maximum consecutive losses during the testing period.
Dynamic Pro Scalper live trading results
Since May 08, 2020, Dynamic Pro Scalper has placed 997 trades using this trading account on Myfxbook. At this moment, the total profit for this account is $1442.69, while the profitability is 63%. Considering the number of trades that have been placed through this account, the profit should have been higher.
The trading history for this EA shows us that only minor profits are generated for reach trade. Additionally, the system also suffers from consecutive losses. Thus, we don’t think this is a robot worth investing in.
Dynamic Pro Scalper reputation
We know little or nothing about Automated Forex Tools, the parent company behind this trading system. The vendor has shared the official email address on the website, as well as the link to a few social media handles. Unfortunately, there is no way to find out whether the development team has adequate experience in manufacturing Forex robots. Due to the absence of authentic user reviews, we can assume that Dynamic Pro Scalper does not have a decent reputation.
Dynamic Pro Scalper review summary
- Strategy – 3/10
- Functionality & Features – 2/10
- Trading Results – 3/10
- Reliability – 2/10
- Pricing – 4/10
We have reached the verdict that Dynamic Pro Scalper is not reliable. It does not have any special features that can provide you with an edge over your competitors. Moreover, the development company has zero reputation and the robot is prone to suffering losses.
