Smart Scalper Pro is an improved version of the BF Scalper EA. According to the vendor, it is an easy-to-use robot built on tried and tested trading schemes. You can trade in multiple currency pairs using this EA.
How Smart Scalper Pro Works
On the official website of Smart Scalper Pro, the vendor explains in brief how the system functions. We have a long list of features and several live trading accounts showing the real-time trading results. The vendor has also provided us with backtesting data for different currency pairs, backtesting instructions, set files, and pricing details.
Not much is known about Fxautomater, the company behind Smart Scalper Pro. It is based in Seychelles and claims to have around 15 years of trading experience. We don’t know anything about the developers who work for this company, so from a vendor transparency perspective, we are not too impressed.
This robot has a money management system that allows for the automatic calculation of lot size based on the risk level. It also has a news filter that lets you avoid trading during major events. This feature is disabled by default and you can configure it according to your preferences.
This EA can be programmed to cease trading on certain days of the week, thanks to the time management system. Traders get notifications in the form of email and push notifications on the phone. The vendor recommends using a lot size of 0.05 for $1000 account balance, and 0.5 lots for $10,000 account balance.
You can use it to trade in currencies like USD/CAD, USD/JPY, USD/CHF, EUR/USD, and GBP/USD. The recommended timeframes are M1 and M15. Although the default settings are for the GBP/USD pair, there are set files for other pairs on the website.
If you don’t want to go into the trouble of installing the robot yourself, you can take the help of the auto installer that will set the EA up on your MT4 terminal. It can be configured to close all trades on Fridays to avoid incurring losses.
Applied Strategies
On the official website, the vendor has not elaborated on the strategy, simply stating that the robot uses an algorithm based on the Average True range (ATR) indicator. We would have liked to know some of the technical details of the strategy because it would have helped us assess the system’s profit-making capability.
Here we have the results for the backtest conducted on the GBP/USD pair. It started out with an initial deposit of $1000, and after conducting 8260 trades, a total profit of $27399.06 was generated. The robot won 78.05% of the trades with a maximal drawdown of 3.58%.
There were 34 consecutive profits and 7 consecutive losses for the robot during this backtest. The profit factor of 1.51 was nothing exceptional, while the relative drawdown was low at 8.25%.
Smart Scalper Pro Trading Results
This live trading account on Myfxbook has been active since September 9th, 2020. To date, 328 trades have been placed through this account, out of which 235 have been won. Here the win rate of 72% is a little lower than what we say in the backtest. Currently, the daily and monthly gains for this account are 0.05% and 1.58%, respectively.
It should be noted that after placing so many trades, the robot has only generated a small profit of $46.76. This can only happen when there have been some significant losses along the way. Thus, it is quite obvious that this system is prone to suffering large losses.
Pricing & Refund
Smart Scalper Pro is priced at $137 and by paying this amount, you get access to 1 Real and 3 Demo accounts. In case anything goes wrong with the system, you can get a full refund, since the vendor offers a 60-day money-back guarantee.
Customer Reviews
We were unable to find any user reviews for Smart Scalper Pro on websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. In spite of trading actively for several months, there are no genuine customer testimonials for this system, which tells us that not many traders trust this robot.
