GerFX Density Scalper is a robot that can be purchased only on MQL5. The system is available in two packages: MT4 and MT5. We don’t know why the system has that high pricing.
GerFX trading strategy
- GerFX executes orders for us completely automatically.
- The system can act on the market as a scalper.
- The time frames are from H1 to higher.
- For live trading the system uses a M5 timeframe.
- It protects orders that are placed on the market with proper Stop Losses.
GerFX features
The advisor has a middle informative presentation that can tell us about how the system acts on a demo or real account.
- There are customizing files provided.
- The devs mentioned that “our balance is at risk and we have to be ready to lose if something goes wrong.”
- “Night scalpers are dependent on good brokerage conditions, like low spread and slippage, which might be worse on large lot sizes.”
- We have MT4 and MT5 versions of the product.
- The robot is “similar to QuantFlow Scalper but optimized in a few ways to reduce slippage. For example, the entry logic was reduced to make the calculation faster, and the exit is done via take profit orders, which can even lead to positive slippage.”
- The system allows us to customize various parameters.
- The robot doesn’t work with Grid and Martingale.
- We can open orders on: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, CHFJPY, (experimental: USDJPY, EURJPY, EURGBP, EURNZD, GBPAUD, NZDUSD, NZDCAD).
- There are instructions provided in the blog.
- “If GMT auto settings are used, the EA will automatically try to detect the GMT offset.”
- A VPS is a good option for us to work.
- The advisor should be informed about upcoming news.
- It must be tested with real spreads.
- The high impact news periods are dangerous for the robot.
- We have details and settings details shortly explained.
- We have to trade only during the proper hours.
The price increased from $1600 to $2000 once again. The robot is four times overpriced. There are four rental possibilities available. We can rent a copy of robot out for $140 monthly, for $370 quarterly, for $700 half a year, and for $1250 annually. The advisor can be downloaded for demo usage for free.
GerFX backtesting results
We have a report that was generated on StrategyQuant for all pairs at once. The profit factor was 2.76. We have an average win rate at 84.02%. The maximum drawdown was pretty low – 3.8%. The total profit was $59,967 (76,292 pips gained).
GerFX live trading results
The advisor has been running a real EUR account with a default leverage on Pepperstone on MT5. The account has a verified track record and verified trading privileges. It was created on January 12, 2021, deposited at €159.24, and withdrawn at €1.10. Since then, the absolute gain has become 31.49%. An average monthly gain is 2.43%. The maximum drawdown was 2.78%.
GerFX has executed 440 deals with 948.0 pips. An average win is 3.85 pips when an average loss is -3.84 pips. The accuracy for longs is 81% when for shorts it’s 74%. An average trade length is 45 minutes. The profit factor is 2.32.
The advisor keeps trading EURUSD more frequently than other pairs – 97 orders and $9.72.
We may note that the system trades during the night more frequently.
Wednesday with 98 deals is the most favorite day to trade.
The robot works with low risks. We have to lose 52 orders to lose 10% of the account.
The advisor uses dynamic TP levels. We don’t know if it’s right and safe enough.
The profitability has been going down since the end of April 2021.
GerFX reputation
Paul Exler is a developer from Germany with a 4578 rate. His portfolio includes 11 products and 18 signals.
For now, we have only positive testimonials written.
GerFX review summary
- Strategy – score (6/10)
- Functionality & Features – score (4/10)
- Trading Results – score (5/10)
- Reliability – score (4/10)
- Pricing – score (2/10)
GerFX Density Scalper is a trading solution that stopped scalping well at night for two months or so. The system doesn’t look stable and predictable especially for the price that the dev asks for it.
