Expert Advisors Reviews

The Best Scalper Expert Advisor: Really?

When we reviewed the Smart Pips expert advisor, we mentioned that cheap scalpers are hard to find, especially if it comes to ones with history on real accounts. And today we're exploring an EA that uses a scalping trading strategy, comes along with a price that is not that high and show some solid returns. Fellow traders, meet the Forex robot with the humblest name out there – the Best Scalper EA. I could not skip reviewing this one – such ambitions should be checked.
The robot is a relative newbie, by the way, at least in terms of live trading: you can check out all of the accounts on which it has been working on Myfxbook, but we'll be focusing on the real account with PrimeFX that has been active since February 4, 2014. Yes, I know that the period of activity is short, but we need to take a look at new robots too. Moreover, the developer has done his homework and has produced a backtest of the Best Scalper EA for the period from January 16, 2013 to December 30, 2013. This test shows very decent results, by the way, but I bet that many of you are skeptical regarding backtests of scalpers as these pieces of software are very sensitive when it comes to changes in market environment. The performance changes markedly in tune with market changes.
But let's mention something about the strategy of the EA first. It trades the EUR/USD and the GBP/USD, with its activity centered in the period from 21.00 to 00.00h (GMT). The robot opens a series of positions within short time intervals, keeps them open for a while and then closes them simultaneously. The average trade duration is 36 minutes, which makes this EA not very aggressive. By the way, we should mention that when the robot started trading in February, it was more aggressive – more positions were present in a given series, while the trade duration was only a couple of minutes and sometimes was of meager seconds. Now the situation appears way more moderate.
The performance of the Best Scalper EA is very good: we can say this given the robust returns it delivers. 
Photo credit: Myfxbook.
After two months of trading, the robot shows a gain of impressive 80%, and you can see from the chart above that the profit curve is rising (following the controversial start). The drawdown is nicely low at 11%, which suggests low risks of losses. Adding to the positive news, the return-to-drawdown is very solid at 7.3, which means that one can expect some significant returns in exchange for investments.
The results shown in the backtest are also strong – the gain for a year of trading is at massive 518%, while the drawdown is small at 12%. 
The sole problem, as with most scalpers, is the sensitivity of the trading system – the average pips per trade are at modest 2.2, which is way below the 5 level that we recommend. The system is very sensitive to sudden market changes, spreads and slippage. You should be very careful when picking a broker for this EA. We suggest that you have a look at the list of Forex brokers that accept scalping and the list of brokers that offer the tightest spreads
In case you opt for this EA, you may visit the designated website. A Single License will cost you $128, while a Full License will cost you $168. I told you this is not an expensive machine. The price comes along with a 60-day money-back guarantee and includes free updates. 
The advantages of the Best Scalper EA are its ability to deliver strong returns in short time, the low drawdown and the small price. The downside is the system's sensitivity and the tough choice of a Forex broker. I'd wait for a year before admitting that this robot suits its name. It appears a solid contender for the title, tough. 
Any opinions and statements in this article are strictly subjective and should not be treated as investment advice. and all of its authors are not affiliates of any of the discussed signal providers, expert advisors and their vendors.


TAGS: best scalper  best sclaper ea  best scalper review  expert advisor  ea review  forex trading  forex robot  forex platform  mt4  scalper  scalping strategy  eurusd  gbpusd  pips  drawdown  gain  backtest  myfxbook  real account 
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
$100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
$0 Review Website
UK, Australia FCA, ASIC MT4, Trading
$50 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
FxPro Markets
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC MT4, MT5,
$300 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website

More Forex Expert Advisors Reviews

FX Mower Review - Is it scam or good forex system?

Jul 21 2017 13:25:30

 This will be a review of the FX Mower Expert Advisor. This system is interesting, especially given its recent results – it has achieved significant gains with having a negative pip balance. How is this done? Let’s see. Read more

Trading Dilemma: Manual vs Automated forex trading?

Jul 21 2017 09:48:41

Automation appears to be entering all areas of our lives – from home systems, which set the temperature for specific hours, driverless cars to even algorithms writing music.  In this article we will focus on trading automation, which is by no means a new concept. Read more

Grids, Martingale and Hedging explained

Jul 18 2017 12:22:31

This article will attempt to explain some of the most commonly used concepts in Expert Advisors. It’s worth mentioning, they can be used in manual trading as well, but their popularity has grown with the automated crowd. We will showcase some highly risky systems, which we do not recommend. Read more


FX Turbine Review - Is it scam or good forex system?

Jul 17 2017 14:49:22

 FX Turbine is an automated trading system, we would like to review. It may not be the best EA you will ever see, but its past performance swill serve an educational point. Read more

PastorPro Forex Trader Review - Is it scam or good forex system?

Jul 13 2017 14:41:21

We recently introduced you to a relatively new automated system, called the Forex Cyborg Robot. As we stated in its review, it is easy to feel like you have missed out on the majority of a system’s gains, unless you get on board early on. Read more

Forex Cyborg Robot Review - Is it scam or good forex system?

Jul 12 2017 17:50:04

 Have you ever seen the historical performance of an Expert Advisor and ever wanted to jump in right in the beginning? Some charts simply look too good to be true – one can get the feeling they have already missed the gains and the system will surely backfire at this point. Read more

Rocket EA Review - Is it scam or good forex system?

Jul 11 2017 14:28:19

 The Rocket EA, as developed by TulipFX, a company specialized in providing automated trading systems. Although it has only a year’s worth of trading behind its back, we will give it a review. Read more

Harmonics Trader Review - Is it scam of good forex system?

Jun 06 2017 09:52:41

 One of the rather interesting and new technical systems is the Harmonics Trader. It operates on the basis of the harmonics market theory, as the name suggests. The system has been running for a fairly short period of time, but a 3 years backtest is also available. Read more

Minute Profit EA Review - is it scam or good forex system?

Jun 05 2017 10:22:29

The relatively newly released Minute Profit EA has delivered enormous gains in the short time it has been running. This forex robot has earned more than 1200 % in about a month’s time. Read more

WallStreet 2.0 EA Review - Is it scam or reliable forex trading system?

May 16 2017 11:50:45

In this review we will showcase the automated trading system. You may have recently heard about them and be deliberating an investment. Be sure to read this review before making an informed decision. Read more