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.
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.
|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|
|Recommended Min. Deposit||$100|
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.
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.
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.
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.