Welcome back! We’ve prepared a review of an Elite Forex Scalper robot. The presentation starts with the wrong message. It’d better tell just about how cool Elite Forex Scalper is. It’d be more memorable.
Elite Forex Scalper is a trading solution that will be trading for us to make profits. Of course, the designer is a team of Forex veterans with years of experience.
There are two options of how to get the robot. For free means that we have to register an account using their referral link and deposit it at $3000.
After this, we have to fill the form and send them for approval. The pack includes access to support and a single license for the real account we created.
The paid package costs $250 and includes one live and two demo accounts, access to files (?), dedicated support, we can use any broker, and we can deposit as much as we need.
Elite Forex Scalper Trading Strategy
- The robot performs a scalping strategy on small-term time frames.
- The EA focuses on trading EUR/USD and GBP/USD.
Elite Forex Scalper Features
Let’s get together all features:
- The robot trades fully-automatically. So, there’s no need for human interactions.
- It was designed for MetaTrader 4.
- Elite Forex Scalper works with any broker we want and leverage 1:500.
- The system is beginner-friendly and easy to set up.
- There’s risk management that helps with setting Stop Loss levels.
- The system avoids opening trades during High-Impact News.
- It can provide a passive and stable income.
- The robot requires the minimum account balance from $300-$500.
- The optimal balance is $1000-$3000.
- VPS is an option for the EA to execute trades quickly.
Elite Forex Scalper Backtesting Results
There’s no backtest report to check. We took a screenshot from the gif video. As we can see, the EA used a huge Grid of orders.
Elite Forex Scalper Live Trading Results
There’s a demo USD account that is tracked by one person. The robot trades automatically on IC Markets using Technical indicators from the MetaTrader 4 platform. The leverage is 1:200. The account was created on August 29, 2018. Since then, the absolute gain has become +338.38%. An average monthly gain is +5.42%. The maximum drawdown is quite high – 47.84%.
The EA closed 26269 deals with 18049 pips. An average win in pips is 16.53 when an average loss is -40.03 pips. Win-rate is between 71% and 72%. An average trade length is over 18 hours. The Profit Factor is 1.70.
The EA is attached to six charts, but the most traded pairs are EUR/USD (8771 deals) and GBP/USD (17481 deals).
Elite Forex Scalper trades during a European trading session.
It works all days equally.
The robot trades with little risk to the account balance. A chance to lose 10% of the account equals less than 0.01%.
Compared with backtests, the EA on the live account uses a conservative Grid of 2-3 orders. From the last 20 deals, 19 were profitable.
The robot is consistently profitable in 2020.
Elite Forex Scalper Reputation
There are many screenshots of the site with positive testimonials and trading results.
The company has its own profile on Trustpilot. All comments are positive, but this profile focuses on educational materials, seminars, and webinars.
Elite Forex Scalper Review Summary
- Strategy – score (6/10)
- Functionality & Features – score (7/10)
- Trading Results – score (7/10)
- Reliability – score (8/10)
- Pricing – score (5/10)
Conclusion
Elite Forex Scalper is a scalper that scalps in a trend direction and uses a conservative grid of several orders. The presentation keeps many questions unanswered like settings, indicators that the system uses, the team behind the robot. There’s no info about how quick support provides answers. The company doesn’t support a money-back guarantee, but if we have $3000, we can try it for free on the real account.
