We’d like you to read a review about Dynamic Pro Scalper that was designed by Automated Forex Tools. The EA is introduced in a 5.0 version. It works during an Asian trading session and can be run on the MT4 terminal. Dynamic Pro Scalper supports nine currency pairs: USD/CHF, EUR/GBP, GBP/CHF, USD/CAD, GBP/USD, USD/JPY, GBP/CAD, EUR/CAD, and EUR/CHF.
Product Offering
The EA sells in one package. The offer includes one real and two demo accounts, 24/7 support, free updates, and a 60-day money-back guarantee. The devs ask for this $71 with $18 OFF. In addition, we can try the EA for free using it on a demo account.
Trading Strategy
The EA performs not only a scalping strategy on these pairs: USD/CHF, EUR/GBP, GBP/CHF, USD/CAD, GBP/USD, USD/JPY, GBP/CAD, EUR/CAD, and EUR/CHF but also has “Additional Trades System.” This system is based on a risky grid strategy that’s not always ok for scalping. It opens additional trades in the direction of the first trade (if it’s negative). It sounds like nonsense. What’s the reason to open additional trades in the direction that’s already been going to close with a loss? By default, it turns off. The devs provide settings for them. If we want to change something, we can use our settings.
Dynamic Pro Scalper got more broker independence because it was such a problem to find one that provides low spreads during the Asian session.
The additional system has three features:
- A simple Grid strategy
- A strategy that unites Grid with Martingale (It’s like “say buy-buy to our account!”).
- A recovery system (that usually increase Lot Size after losing).
All of them are dangerous and should never be used on cheap robots. Never!
The Simple Grid can be turned on by setting “Additional_Trades=true.” Add_Trades_Distance allows us to set the distance between trades. Add_Trades_Lots_Multiplier allows us to increase Lot Size for grid-opened trades.
If you want to zero your account quicker, there’s a cocktail of Grid and Martingale. The key differences are that “Add_Trades_Lots_Multiplier” adds some value between Lot Sizes when a new Grid trade is opened and “Add_Trades_Martingale” that if it’s turned on, so the system adds multiplayer to all grid trades.
The last one is the recovery system that allows us to open a new trade with encreased Lot Size. There’s an Add_Trades_Signal_Period parameter for choosing the time frame. The devs provide information about the reasonable trading risks that shouldn’t be higher than 1-2% to the account balance.
Across the general settings and features, we’d like to mention the next ones:
- The EA can be run on any OC.
- It has an email and mobile push notification feature.
- It’s a fully-automated EA.
- It can be run on any broker.
- There’s a protection from high slippages and high spreads.
- Broker protection allows us to keep hiding SL and TP from a broker sign.
- The EA has very low drawdowns.
Trading Results
So, let’s talk about how it is cool in reality. According to the chart, it’s been sucking for half a year, not less. It’s a demo USD account on IC Markets with high leverage (1:500). The devs didn’t provide all intel, so Track Record Not Verified. For ten months, the gain amounted to +27.66%. They’re shame results as for a scalper. The average monthly gain is +2.72%. The maximum drawdown was 7.37%. The initial deposit was set to $3000.
The last day, week, and month results are disgusting.
As for a scalper, the EA has a shameful win-rate – 57-58%. It’s traded 1019 deals with 2349 pips. The average win in pips (14.06) equals the average loss (-13.86). The average trade length is up to 7 hours. The profit factor is mediocre and equals 1.20.
Trade results show that USD/JPY should be turn off because there are only losses from both directions’ results.
As it was told, the EA works only during the Asian market opening.
Most deals were performed on Monday.
The EA trades with risks higher than the devs suggested us to trade.
Just take a single look at these results. Dear Lord, with martingale, grid, and that win-rate it can zero an account for several days.
If we skip March’s results, there’s nothing to even talk about. Where’s a profit?
Customer Reviews
The company has a profile on Forex Peace Army for all their products.
It looks like they’re both fakes.
They have a FB page to post some info. Usually, they provide a post in several months.
There are several comments with questions, but the devs don’t care about them at all. This one was asked 46 weeks ago.
