Index Scalper PRO is a trading advisor that was released on the MQL5 community. The developer is quite known among the Forex community. Let’s take a look at what we’ve got.
The price of this EA was increased from $799 to $1250. The dev removed a subscription possibility for $499 a month. The MQL5 functionality allows us to download a copy of this system for free. We have no money-back guarantee provided.
Index Scalper PRO strategy
- As we can see from the name, the system works with a scalping strategy.
- We have to use it on the H1 time frame.
- The following pairs are available for trading DE30, DAX30, DE30Cash GER30, DE40, DAX40, DE40Cash, GER40, US30.
Index Scalper PRO features
The presentation includes some details, features, settings, and various useful intel about the system.
- The advisor can help us with executing orders on a terminal completely automatically.
- We can do nothing in addition.
- The system works based on a scalping strategy.
- It works based on the principle of movement to the average value of the price.
- The advisor can help us with executing our orders automatically.
- It fits both: experienced and beginner traders.
- The robot will be withdrawn from sale when the dev decides.
- This can be a manipulation to force us to buy it asap.
- It places SL and TP levels to cover our balance from rough market moves.
- There are recommended 3 set files Strategy #1 + 3 set files Strategy #2.
- We have to run an account with low spreads (less than 10 pips).
- The account has to be EXN or PRO.
- The system requires a VPS service to execute orders quickly.
- The balance has to be over $100.
- We have to use the robot on the H1 time frame.
- This robot can work well with other advisors on the same account.
- We should start working on a demo profile before going live.
Index Scalper PRO backtesting results
The presentation is featured by a backtest report. The system was tested on the 99% tick data from a no-name broker. An initial deposit was $1,000. The total net profit has become $49,960,888. The maximum drawdown was 2.71%. It’s a low number for a test. The profit factor was 2.34. There were 53,945 deals traded with 62% win rate for shorts and 64% for longs.
Index Scalper PRO live trading results
The devs set it to work on the real account. It was created on IC Markets. Other parameters are: MT5 and 1:500 leverage. The maximum drawdown was 39.3% when the maximum deposit load is 66.1%. The win rate is 65.1%. The advisor has been working for 7 weeks. The absolute growth has become 111.19%. MQL5 market signals from the system as low-reliable.
An average trade frequency fell from 250+ to 8 deals weekly. An average trade length is one hour.
The growth chart looks high-risky and unprofessional.
The developer used aggressive Martingale to make more profits.
The advisor has executed 1067 deals. The best trade is $403.35 when the worst trade is -$26.57. The recovery factor is 7.81. The profit factor is 2.18.
DE40 is the most traded cross pair with 838 deals closed.
There’s a wall of various warnings about the system functionality.
Index Scalper PRO reputation
We have a quite known developer – Evgenii Aksenov from Russia with a 164,370 rate. There are 43 products with 16 signals in his portfolio. He has removed 5 signal sources.
People have provided some negative testimonials about the robot functionality.
Index Scalper PRO review summary
- Strategy – score (8/10)
- Functionality & Features – score (6/10)
- Trading Results – score (3/10)
- Reliability – score (4/10)
- Pricing – score (2/10)
Index Scalper PRO costs $1250. It focuses mostly on DE40. The presentation includes various negative testimonials about how the system works for people. The trading results show that the advisor works with high risks. We don’t know what the reason was to trade with increased lot sizes. Using an aggressive Martingale is extremely risky for any trading account.
