Dynamic Pro Scalper trades using a grid trading strategy on the Asian session. It can also employ a martingale and recovery systems for placing trades. The developers provide the backtesting results and track the performance through live results. We will see if the EA is valid enough for your trading or not.
How Dynamic Pro Scalper works
The robot requires the following steps to work properly:
- Purchase the system and enable auto trading at the MT4 platform
- Attach the robot on the respective charts to start trading
Vendor transparency
The robot is presented by Automated Forex tools. The company states that they have been trading the markets for 12 years and has a team of dedicated traders who are willing to profit. There are, however, no portfolio or records that can verify the claims, which is a poor approach.
Features
The EA has the following features:
- It is fully automated and uses advanced money management for trading.
- It has a broker protection system.
- It can protect against high spreads and slippages.
- It comes with lifetime support from the developer.
Applied strategies
The developer states that the algorithm works on GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD, and USDCHF. They openly state that the algorithm uses martingale, grid, and recovery strategies. The company presents it as a holy grail game plan but fails to mention its contribution to a high drawdown. From the history on Myfxbook, we can see that there is no stop loss attached to trades. Most of the trades close within a day, with an average trade duration of 13 hours and 31 minutes.
The developers present backtesting results for multiple currency pairs. For GBPUSD, the robot had a maximum drawdown of 5.97% and turned an initial deposit of $10000 into $328198.40. It had a winning rate of 76.82%, with a profit factor of 1.58. The average amount of profitable trades was $324.08, while the average amount of losing deals was -$681.21. There were a total of 3606 trades executed during this period.
Dynamic Pro Scalper trading results
Verified trading records on Myfxbook show performance from May 08, 2020, till the current date. The system made an average monthly gain of 1.49%, with a drawdown of 6.95%. The risk value is high, and the ratio between monthly gain and drawdown is poor. For every dollar that you have to make, $7 must be put on the line. The winning rate stood at 63%, with a profit factor of 1.86. The best trade was $64.10, while the worst was -$72.47. There were a total of 923 trades. The developer made $5000 in deposits and $0 in withdrawals.
The records are on a demo account which does not put real money on the line. It seems the developers are not willing to take the risk, which raises concerns about the robot’s performance.
Pricing & refund
The robot is available for $71 for one real and two demos. There is A 60-day money-back guarantee.
Other notes
There is a page for Automated Forex Tools on Forex Peace Army. However, there is no customer review written for Dynamic Scalper. Nevertheless, there are two reviews present for the other ATS offered by the company. The last feedback was written in 2015. Lack of customer reviews means that not many traders are willing to trust the company and try out its algorithms.
