Evening Scalper Pro assures live track records and a low drawdown. The fully automated EA uses the mean-reversion method that works during the American trading session. As per the author, this MT5 tool uses a unique trading logic that ensures the generation of high profits. You can purchase this FX robot for $899. The author mentions that the price is applicable for the first 10 customers after which it will cost $999. A free demo is present for the product but there are no other details concerning the features you get with the package. When compared to the market average, we find the product is exorbitantly priced.
Evening Scalper Pro trading strategy
As the name implies, this EA uses the scalping method with a mean reversion system. The author claims that it is not like the general scalping products as it uses the logic on cross pairs having robust mean-reversion potential. Market orders are entered from 19 to 23 hours and no orders are placed at rollover time. The author claims that the system uses many advanced methods to find out the accurate entry and exit points resulting in a high winning rate. General settings, strategy settings, and other related details are provided by the author on the MQL5 site.
Evening Scalper Pro features
Some of the key features of the system that make it competitive as per the author are:
- You need a single chart to trade all the supported pairs.
- It offers multiple currency support with EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, and GBPCAD being the favored pairs.
- A timeframe of M5 is recommended for the MT4/MT5 tool.
- An advanced news filter, stock market crash filter, and a negative swap filter are present.
- It uses market execution and does not open trades during low liquidity periods and during bank rollover.
- All trades use a stop loss and the EA does not use toxic methods like Martingale or grid strategies.
- The FX EA is FIFO compatible.
- It uses a self-diagnostic system.
- For broker recommendation, the author recommends the use of an ECN broker with low spread and slippage during rollover time.
- VPS is needed for the uninterrupted use of the EA.
- The author recommends the use of a hedging account for this FX EA.
Evening Scalper Pro backtesting results
The above backtesting report is provided by the author on the MQL5 site with the test done from 2007 to 2022. For an initial deposit of $300, a total net profit of 24,831,691,906 was generated for the account. A total of 3016 trades were completed with 80% profitability and a profit factor of 3.36. The drawdown was 13.53%. The low drawdown and high profits indicated an effective strategy and good performance.
Evening Scalper Pro live trading results
A live real AUD account is present for the FX EA on the myfxbook site. The account uses the IC Markets broker and the leverage of 1:500 on the MT4 platform.
From the above stats, we find the EA has generated a total profit of 29.42% for the account that started in December 2021. The daily and monthly profits are 0.15% and 4.68%. A drawdown of 18.19% is present. From the growth curve, we can see there is a series of losses for the account indicating poor money management. When compared to the backtesting results, we find the results are not as good as seen in the backtests indicating poor money management.
Evening Scalper Pro reputation
Valeriia Mishchenko is the author of this FX EA. She is based in Russia and has created 6 products and 17 signals. Her other products are Waka Waka and Hunter Night. A website address and the private messaging option on the MQL5 site are the main methods of support present.
We found 10 reviews on the MQL5 site for the FX robot with a rating of 5/5. While the feedback is positive, we could not find reviews from reputed third-party sites such as Forexpeacearmy, Trustpilot, etc. to support the testimonials.
Evening Scalper Pro review summary
- Strategy – 4/10
- Functionality & Features – 4/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 3/10
Evening Scalper Pro uses a unique scalping method to ensure profitable results. Our analysis of the system reveals that while the author provides backtesting and real trading results, there are a few drawbacks in the FX EA you need to consider. The real trading results show low profits and poor money management. Other shortcomings we found in the system include the expensive pricing and the absence of a money-back guarantee.
