Scalp Pro Indicator helps traders determine the trend on smaller time frames that are hidden to the naked eye. The indicator can be combined with other algorithms to find out profitable trades.
There is no information on the website that provides us information about how long the indicator or company has been online. The indicator provides trade signals based on the price action and works well alongside Scalp Pro Band and Scalp ProZone. The developers provide a good image that indicates a high monthly gain with a low drawdown that caught our eye, and we decided to review the product.
What is behind the Scalp Pro Indicator?
SinryAdvice does not provide a record of the developers of the program. We could not find any information on the whereabouts of the developers and their trading experience. It raises questions on the genuineness of the product.
How it works
The indicator has to be placed within the indicator directory of the MetaTrader 4 platform. Afterward, refresh the indicators tab and place the algorithm on respective charts. It will start providing signals which you can then follow and put trades.
Scalp Pros Indicator has the following key features with their services:
- Updates the daily and weekly resistance points automatically
- It works on the 15 minutes time frame
- It can be combined with other indicators to provide better setups
- It helps determine trends in the lower time frame.
The developer does not provide information on the minimum deposit required to trade using the indicator. Traders can use their own risk management to maintain the drawdown.
The indicator works best on the M15 chart. As mentioned before, it determines the trend on the lower time frame by reading out the price action. The bands and zones show the points where traders should be alert and active to find the trading opportunities. Moving averages such as 200 SMA and 32 and 12 EMA can also be used to confirm the signals.
There are no backtesting results available for the indicator. The developer could have used a forex simulator to test the indicator and share the history with us.
The indicator can be bought for an asking price of $39. There is no money-back guarantee available. After your purchase, you have to send over your account number to the company. They will then send your license key to your email.
Trading performance of Scalp Pro Indicator
Live trading results are available on Myfxbook, which show performance from April 2, 2021, till July 16, 2020. The company only shares an image of the results, which is a poor activity. Since then, the indicator has had an average monthly gain of 44.64%, with a drawdown of 6.72%. There were $2000 in deposits and $2493.62 in withdrawals. The absolute gain on the account is 178.22%.
Customer support is available through mail, skype, and telephone. Traders can also use social media channels such as Twitter and Instagram to contact the company.
Customer reviews on TrustPilot give the company a rating of 4.0 for a total of 49 reviews. Users complain that the products offered by Sinry Advice only result in blowing up the trading account. They state that the company is just scamming the customers.