Smart Scalper Pro has multiple settings that can be customized according to the trader’s choice. The robot works on multiple currency pairs and uses various measures to protect itself from high volatile market conditions. The algorithm is fully automated and does not require traders to intervene in the executions. Let us see if the promises made by FXautomater hold when it comes to actual performance.
Smart Scalper Pro trading strategy
The robot works on GBPUSD, EURUSD, USDCHF, USDJPY, and USDCAD. Traders have to install the EA on the M1 or the M5 charts. The algorithm enters the market on strong impulse after detecting a good correction. It places a reasonable stop loss and takes profit based on the ATR indicator. Looking at the records on Myfxbook, we can see that the average trade duration is 4 hours and 36 minutes which puts it under the category of day trading systems.
The EA places a high stop loss and take profit, but it it closes the positions before it reaches them.
Smart Scalper Pro features
The robot has the following features:
- It supports multiple currencies and uses an advanced news filter to avoid volatile conditions
- It can be set to provide emails and notifications on trades
- The Friday exit system closes out all the positions before the weekend
- It can avoid trading during periods of high slippage and spreads
Price
The software comes through a one-time payment of $137, which offers a license for one live and three demo accounts. There is also a 60-day money-back guarantee.
Smart Scalper Pro backtesting results
Backtesting results are available for multiple currencies. For the GBPUSD auto lot, the relative drawdown was around 25.77%. The winning rate was 78.05%, with a profit factor of about 1.47. The tests were done on the 15 minutes chart with a starting balance of $1000. The robot tanked an average profit of $13706719.03 during this period. There were 8260 trades in total. The best trade was $96250, while the worst one was -$224250.
Smart Scalper Pro live trading results
Verified trading records on Myfxbook show performance from Sep 09, 2020, till the current date for Smart Scalper Pro Real. The system made an average monthly gain of 1.48% during the period, with a drawdown of 4.43%. The stated drawdown is high regarding the monthly gain, which gives a poor risk and reward ratio. The winning rate stood at 71%, with a profit factor of 1.29. The best trade was $3.38, while the worst was -$9.30. There were a total of 396 trades. The developer made $300 in deposits and $0 in withdrawals.
Smart Scalper Pro reputation
Only a single customer review is available on Forex Peace Army who states that he is testing a robot and will post the results later on.
There is no information on the developers’ whereabouts and trading experience. The only way to contact them is by filling a form available on the website.
Is Smart Scalper Pro a good EA to invest in?
The robot does not have a good output. The ratio between the monthly gain and drawdown is 1:5, which gives us a poor risk-reward and makes the system unworthy of investment.
Smart Scalper Pro review summary
- Strategy – 5/10
- Functionality and features – 5/10
- Trading results – 3/10
- Reliability – 5/10
- Pricing – 5/10
Smart Scalper Pro is not a good investment choice as it doesn’t have satisfactory results. The company is also not transparent on their whereabouts and experiences, which is a poor approach. There are no reviews present that show no one is interested in testing a system with no sound output.
