The Punisher Scalper EA Review

The Punisher Scalper EA was published on mql5 on September 4, 2021. Its vendor is bent on convincing traders that the system is safe. He does this by reassuring them that it does not apply to the grid, martingale, and other risky strategies. Furthermore, the EA protects your trades through Stop-loss. You should be wary of this developer since we have learned that he misrepresents the capabilities of his system. Read our review to discover more.

The Punisher Scalper EA costs $300. We are informed that the next price will be $399. This system is undeniably expensive. Even worse, it doesn’t come with a money-back guarantee.

Punisher Scalper EA trading strategy

This robot is a scalper. Therefore, it focuses on trading currencies with only a brief holding period and conducting many trades every day with the goal of attaining profits in the process.

Punisher Scalper EA features

The robot applies 4 currency pairs simultaneously; the USDJPY, EURUSD, XAUUSD, and GBPUSD.
It works on the 30 minute timeframe.
Is suitable for the MT4 trading platform.
The minimum trading balance is $100.
Traders are advised to utilize the VPS server when trading with it.
It prefers to use brokers with low spreads, low commissions, and quality execution.
Traders are advised to test the EA with minimal risk or on a demo account prior to using it on a real account.
Protects every trade by StopLoss and ensures that each one has a built-in protection against large spreads and slippages.

Punisher Scalper EA backtesting results

The vendor has not published the backtest results of this system. This is fishy. It makes us think that he is hiding the poor past performance of the EA. Our assessment of the trading results in the next section confirms our suspicion.

Punisher Scalper EA live trading results

The efficiency of the EA’s strategy is being tested on a demo USD account under Tickmill. With a deposit of $100, the system has grown the account by 60921.69% in just 5 months. We must say that this is a very unrealistic figure. We are told that the account makes 217.06% monthly, and as a result, the balance has increased to $61,497.23. The drawdown (53.29%) is massive. It has already obliterated more than half of the capital.

The EA has implemented 595 orders and has a profit factor of 2.85. It trades with big lot numbers (5014.78). This is a risky approach that increases the account’s susceptibility to losses. The pitiful performance of the long (46%) and short trades (38%) substantiates our fear. The average win and the average loss are 28.51 pips and -5.24 pips respectively.

We see that the robot trades within very short time frames; it opens and closes trades within seconds. Although the system has made some profits, we have to admit that it makes large losses quite frequently. Dynamic SL and TP levels are utilized.

All the traded 4 currency pairs were profitable except for the GBPUSD symbol, which made a loss of -$1358.46.

Punisher Scalper EA reputation

The Punisher Scalper EA is the work of one Hemza Barour, a developer based in Algeria. He has 2 other products (Desert Funk EA and Evil Twin scalp EA) and 3 signals in his portfolio. Unfortunately, he has no experience. This proves that developers are not necessarily professional traders. In this case, we are doubtful about his ability to formulate an efficient Forex trading strategy.

There are a few customer reviews on the mql5 product page. Most are positive, but we found one negative testimonial. This individual says that the developer does not offer support and the EA only makes losses. His feedback coincides with some of our findings.

Punisher Scalper EA review summary

This system is not reliable. Despite the vendor promising us that it does not employ risky strategies, the trading results prove otherwise. The EA trades with large lot sizes, which heightens its risk of making losses, as evidenced by the high drawdown. The profits made are also not enough to strengthen the value of the capital. Therefore, if you are looking for a lucrative trading tool, the Punisher Scalper is not what you need.