Euro Scalper Pro promises to assist you attain an excellent success rate in Forex trading. The system is said to be dependable and has shown fantastic outcomes for thousands of trades. It allows you to close trade trades, open new ones, or even move stops if you wish. In short, the EA gives you total control of your account.
The company that created this system normally offers trading signals and research to individuals, portfolio managers, big corporations, and financial institutions globally. The research, trading, and analysis team is purported to have more than 40 years of experience in developing, testing, and trading statistically-backed models in the financial markets.
This robot has joined the list of many other Forex solutions that promise to improve your portfolio by providing accurate trading signals. We cannot trust the word of the vendor blindly. This is why we analyze the product’s offering and performance in this review.
What is behind the Euro Scalper Pro robot?
Euro Scalper Pro essentially provides users with 100% automated Forex signals. These signals can be copied on your MT4 account no matter where you are in the world, thus helping you to earn profits. You will receive the EA plus complete setup installation instructions after choosing the free or a paid membership plan.
These are the main features of the robot:
- It is fully automated.
- The main currency pair traded is the EURUSD symbol.
- The robot is easy to set up, so no experience is needed to operate.
- You have full control of your lot size and account settings always.
- It runs on the MT4 trading terminal.
- You can add or request funds at any time.
- The recommended brokers are IC Markets, Vantage, and XM.
The system applies short-term scalping, which means that it seeks to collect profits from the many small trades it conducts. Trending price action is also incorporated. The vendor further claims that the robot enters and exits trades accurately using a trade copier.
You can get the EA free of charge when you open your account with its partner brokers. No management or incentive fees are charged either, so users can keep all the profits earned. Paid plans are available as well. You can join Euro Scalper Pro as a monthly member for only $197. But if you decide to get a full-year membership, then you will save 15% of your money by getting the EA at $1997.
Trading performance of Euro Scalper Pro
The backtest results of this system are not provided. Lucky enough, you can find its live trading stats on Myfxbook.
This real USCCent account was deployed on June 19, 2021, and as of now, the profit made is USC15909.24. The daily and monthly profits are 0.16% and 5.01%, respectively. The EA trades with high risks to the balance going by the massive drawdown (96.69%) generated. The current balance is USC122076.32, while the withdrawn amount is USC21000.
There are 4900 trades with an average trade length of 17 hours and17 minutes. The resulting success rates for the long and short positions are 73% and 75%, respectively. Up to now, the best trade made a profit of $179.2 for the account, while the worst one caused a loss of -$145. The profit factor is 1.86.
Euro Scalper Pro mainly prefers to trade with the GBPUSD currency pair. Sure enough, the symbol has brought in the highest profit amount at $8222.22.
The monthly profits are quite low. As you can see in the graph above, February is the most lucrative period with only a profitability rate of 1.46%.
There are several customer support options for traders who would like to know more about the product. For one, you can reach the team directly at [email protected]. You can also chat with the customer reps live on the official site or on Facebook Messenger.
A majority of the people using the EA are very happy with it. Some say that Euro Scalper Pro has a high win rate and provides accurate signals. Even then, we came across negative feedback in which a trader indicates that the EA only works efficiently on demo accounts. He warns that it could eat away all your money when you use a real account.