Aiming at traders looking for a gold trading ATS, Gold Scalper Pro assures a successful strategy at an affordable price. It uses market impulse and a subsequent correction as the basis for its approach. As per the vendor, this FX Robot does not use high-risk methods like the grid, Martingale, etc. Instead, it uses reasonable SL and effective logic for trade entries and exits.
FxAutomater is the company behind this gold trading robot. The firm comprises a team of expert developers and traders with a combined experience of 50 years. Some of the products of the company include Grid Master Pro, Smart Scalper, Omega Trend EA, and more. We could not find further details concerning the company like its founding year, location address, phone number, etc. The absence of info denotes a lack of vendor transparency.
As an MT4/MT5 tool, this ATS promises improved account growth with low risk. In this review, we analyze the characteristics of this FX robot to check the veracity of the vendor’s claims. As per the vendor, this FX EA uses several advanced and powerful features like broker protection, active trading logic, news filters, and more to ensure you have a risk-free experience.
What is behind the Gold Scalper Pro Robot?
To use this ATS, you should download the software after buying it. The process takes a few minutes and after downloading, install the application. Once you have set up the software, you can start trading instantly.
The vendor provides professional support, free updates, and a money-back guarantee. Backtesting results for 14 years, presence of stealth mode, and 24/5 trading without any time limit are some of the key features of this FX robot. As per the vendor, the system provides a low drawdown with its advanced time and money management features.
Some of the important features of this FX EA and the recommendations for using it are:
- The EA uses a strong and simple trading logic that includes reasonable TP and SL levels.
- A new algorithm based on ATR, Friday exit system, and an effective exit logic are part of the approach.
- Advanced time management, news filter, high spread, broker, and slippage protection are present.
- Email and push notifications are sent to the mobile devices of users for the trade alerts.
- Recommendations include the use of M1 or M15 timeframe and a lot size of 0.05 for a $1000 account balance.
As per the vendor, this FX Robot uses a low-risk strategy that uses an effective logic for executing trades with reasonable SL and TP. There is no further explanation of the strategy which makes it difficult to analyze the system properly. A few backtesting results are present for the ATS. Here is one of the reports:
From the strategy tester report above, we can see the EA had generated a net profit of 924389.48 for an initial deposit of $1000. A total of 1313 trades were executed for the testing starting from 2004 to 2018. Profitability of 85.45% and a profit factor of 2.43 were present for the account. A maximum drawdown of 8.85% for the testing indicates the low drawdown claim of the vendor is true. However, since backtests are based on historical data, we cannot predict a similar result in future performance.
To purchase the FX Robot, you have to pay $147. Its original price is $237, which has been discounted on account of the Christmas Sale. Some of the features the vendor mentions as included in the package are one real and 3 demo accounts, 24/7 support, and a 60-day money-back guarantee. When compared to the market average, the promotional price is not expensive.
Trading performance of Gold Scalper Pro
The vendor provides a demo USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform verified by the myfxbook site.
From the above stats, we can see the robot has generated a total profit of 54.72% and an absolute profit of 60.75%. A daily and monthly profit of 0.05% and 1.57% are present. The drawdown for the account is 8.87%. For a total of 241 trades executed from August 2019, 84% profitability is present with a profit factor of 1.63. From the trading history, we can see lot sizes of 0.03 are used for the account. The growth chart indicates steep peaks and frequent drops denoting the profits are not consistent. However, the profitability is comparable to the backtesting and drawdown is also similar.
For support, the vendor offers an FAQ section and an online contact form. We could not find phone contact or a location address.
Unfortunately, there are no user reviews for this FX EA on reputed third-party sites like FPA, Trustpilot, etc.