Today we will analyze an advisor Scalper X that made a lot of noise in certain circles. And the fact is that, according to the author, this advisor in 2020 earned $ 150,000 from a $ 100 deposit !!! So why is the author selling EA for $ 277 if he is making such big money? Maybe not everything is so good))) Today we will figure it out, and of course everyone can try to earn such a large increase in the deposit, besides, you don’t need to buy an advisor, just download it.
SPECIFICATIONS:
Developer price:277.00 USD
Terminal: MT4
Currency pair: EURUSD,GBPUSD,EURJPY,GBPJPY
Timeframe: M1-M15
Money management: At least 100 currency units
Recommended brokers:NPBFX, ALPARI, Amarkets
For advisor recommended to use VPS 24/5:Zomro (most affordable Windows server only $ 2.75 per month)
Feedback about EA from us:
We did not notice anything special in the advisor, it opens a basket of orders, opened 1 sell order, and price went to buy, then opens another sell order after some time, and so on, when it reaches the desired value, then closes the entire basket in profit, if the deposit is enough. In general, I tested the m15 timeframe on the GBPUSD pair at first, the adviser works fine, but it needs to be constantly monitored manually and turned off during a protracted trend, otherwise it will drain the deposit. The Expert Advisor is very dangerous and gives large drawdowns, the initial deposit, as the author advises, of 100 is clearly not enough, at least 300 is needed for one currency pair, and EA it clearly will not bring as much profit as was announced by the creator. But for general education, you can download it for free and test it, who knows, maybe you will find the optimal settings and earn $ 150,000 from a $ 100 deposit)))
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!
