Punisher Scalper robot works on forex brokers that have extremely low spread and latency. The algorithm can trade on four currency pairs, including EURUSD, USDJPY, GBPUSD, and XAUUSD. The robot does not use grid and martingale strategies and comes with live trading account results. We will go through all the positive and negative points about the EA in our article and see if traders should employ it in their trading.
How Punisher Scalper works
The EA requires the following steps to work properly:
- Purchase it from the MQL 5 marketplace.
- Download the product on your MT 4 platform by login into the MQL 5 community.
- Place the EA on the charts to start trading.
Hemza Brour is the author of the product who resides in Algeria. He has a total rating of 5 for one review. The developer has three products published on the MQL 5 marketplace and has twenty subscribers for his services. He has no trading experience, according to the MQL 5.
The EA has the following features:
- There are set files available for all pairs.
- It does not use martingale and grid strategies.
- Constant updates are available for the system.
- Risk management settings are available.
- It works on four currency pairs.
The developer states that the robot trades four currency pairs, including EURUSD, USDJPY, GBPUSD, and XAUUSD. It requires brokers with a minimum stop loss level of zero. Traders can use it with a minimum starting balance of $100. There is a fixed exit point for each position. From the name, it seems as if it scalps the market. From the records on Myfxbook, we can see that it can place a large stop loss before each trade but closes the position before it reaches that. The average trade duration of 13 seconds confirms our analysis that the robot scalps the markets.
The developer states that he has backtested the system for 10 years but does not provide any records that could prove it. He has posted a video on youtube where he shows the backtests. We took a screenshot to analyze the output.
The relative drawdown was around 10.89%. The winning rate was 51.74%, with a profit factor of about 2.15. The starting balance of $100 was employed and the robot tanked an average profit of $28366.18 during this period.
Punisher Scalper trading results
Verified trading records are available on Myfxbook that show performance from April 25, 2021, till the current date. The system made an average monthly gain of 193.19%, with a drawdown of 53.29%. The stated drawdown is super high, showing that the account losses more than half of the trading capital.
The winning rate stood at 43%, with a profit factor of 2.34. In 579 executions, the best trade was $8376.21, while the worst was -$1964.03.
The records are on a demo account that does not respect real market liquidity and slippage. Scalpers only work on virtual portfolios and fail on real accounts.
Pricing & refund
The robot can be purchased for $300. There is no money-back guarantee as per the rules of MQL 5 marketplace. The activation is for a single MetaTrader account where the trader logins to the MQL 5 marketplace.
There are only two reviews at MQL 5 marketplace. A trader states that the developer keeps the system up to date.