Index Scalper PRO is a Forex expert advisor that was launched in December 2021. It works on both Metatrader 4 and Metatrader 5 trading platforms. According to the developer, the EA is suitable for both beginners and experienced traders. 

Product offering

There is no official website for this Forex robot. It is sold on the MQL5 website, where the vendor provides us with a short introduction to the system. We have a link to the live trading signals and a list of recommendations from the vendor. There are the pricing details as well as some screenshots showing the backtesting results.

Index Scalper PRO is a product from Evgenii Aksenov, a Russian trader. This person has a total experience of three years. We don’t have any background information on the developer or the people they work with. On their MQL5 profile, there is an official email address. Other EAs developed by this person include Joker EA, GOLD EAgle, Gold Dragon, Genesis EA, Batman Midnight Hunter, FIBO Trend EA, and TrendLine GRID.

The current price of this EA is $1250. This makes it extremely expensive compared to other automated trading systems available on the market. If you wish to test the performance of the system before making a large investment, you can download the free demo version. However, the vendor does not have a refund policy in place.

Type  Fully-automated EA
Price $1250
Strategy Scalping
Compatible Platforms MT4, MT5
Currency Pairs EUR/AUD, EUR/CAD, AUD/USD, GBP/USD, AUD/CAD, EUR/USD, GBP/CAD, EUR/GBP, USD/CHF, AUD/CHF, XAU/USD, USD/CAD, EUR/CHF
Timeframe H1
Recommended Min. Deposit $100
Leverage 1:500

Trading strategy

This is a scalping system that follows the principle of movement to the average value of the price. It has an in-built take profit and stop loss. There is no complicated setup process for this EA and the vendor makes the recommended set files available for download.

You can use this robot to trade in pairs like EUR/AUD, EUR/CAD, AUD/USD, GBP/USD, AUD/CAD, EUR/USD, GBP/CAD, EUR/GBP, USD/CHF, AUD/CHF, XAU/USD, USD/CAD, EUR/CHF. The vendor recommends running it on H1 charts with a broker providing ECN and PRO accounts. It is advisable that you sign up with the ICMarkets broker.

To get started with this EA, you should make a minimum deposit of $100. The maximum spread is 10 points for one symbol and 100 points for two symbols. You should use a VPN with minimal delay to the broker’s server. 

Trading results

Backtesting results of Index Scalper PRO.

For this backtest, the EA conducted a total of 53945 trades, winning 63.7% of them and generating a total profit of $49960888. Apart from the healthy win rate, it also had a decent profit factor of 2.34. There were 25 maximum consecutive wins and 8 maximum consecutive losses during the testing period. The relative equity drawdown was quite low at 2.86%, and this tells us that the robot was following a low-risk strategy.

Growth chart of Index Scalper Pro.

Unfortunately, there are no live trading accounts for this EA on third-party websites. This trading account on MQL5 was launched on 7th January 2022. It has had 25 trading days so far, during which it has conducted as many as 1067 trades. The current win rate is 65.13%, which is slightly higher than what we saw in the backtesting data. At this moment, the total profit for this account stands at $703.84. 

On average, the EA holds its trades for one hour. It has a decent profit factor of 2.18. However, compared to the backtest, the drawdown is much higher at 39.3%. This tells us that the EA trades with a high level of risk. The average profit and loss for this account are $1.87 and $1.61, respectively.

Customer reviews

User reviews for Index Scalper Pro on MQL5.

There are user reviews for this EA on websites like Quora, FPA, Trustpilot, and Myfxbook. Thus, we are not able to determine whether the experience of users with this system has been positive or negative. While there are some reviews on MQL5, we cannot verify their authenticity.

PROS
Compatible with multiple pairs
Low starting balance
CONS
No verified trading statistics
Extremely expensive
No money-back guarantee offer
5
Verdict
Index Scalper Pro is a system that is suitable for beginners due to its low starting balance. It is, however, more expensive compared to others. No refund policy exists for this robot and there is not enough information about the developer. Also, we don’t have the verified trading statistics and there are no user reviews that tell us about the general customer experience.

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