Advanced scalper is a new expert advisor that claims to provide a Forex scalping technique that is very futuristic and will change the way many people think about this type of strategy. For hundred $75 traders can now access the software and get one license.
Today I’ll be providing a short review to let you know my thoughts about this software and the strategy if there are details about this as well.
Advanced Scalper Review
The Advanced Scalper Forex system trades only two hours a day between 21-23 GMT. This is a very short period of time but I do like systems that are very specific in when they trade and how they trades of this is something that I do like. The robot trades multiple pairs consisting of the EURCHF, EURGPB, EURUSD,GBPCHF, GBPUSD, and USDCHF. The software trades all of these currencies on the M1 timeframe and the strategies has been optimized for each currency specifically and the direction in which the developer believes that currency is more likely to go in.
The take profit and stoploss is also different depending on each currency pair and it ranges between 5 to 10 pips for the take profit and 30 to 70 pips for the stoploss which is very common settings for a scalping type of software like the advanced scalper. The development team decided to focus on turbulent market times and conditions because they believe during the 21 to 23 GMT they can make the most out of the markets.
The only issue I see so far with this software is that it is not supported yet for mt4 600 build. Although I can’t really blame the advanced scalper for this I am having some trouble with my own personal EA’s and this 600 build is really causing a lot of issues.
Here is the advanced scalper my FX book trading account, I’ll go over this now in some more detail.
At this point in time the software has been trading since mid January so we are looking at just over a month of results. In this time the scalper has gained 25% profiting hundred and $30 on a $512 deposit. During this period the software made 150 trades and the take profit and stoploss levels are in line with what I was discussing before. We see many wins in between the 5 to 10 PIP range and one or two below that.
The advanced scalper is another product that I’m going to put on the watchlist. That means that I’m not recommending that you buy this software today but I do recommend that you watch over this software over the next two months and then at the three-month mark if we have some independent results and some reviews from other traders in the market we continue about going forward with this. If you have anything you would like to contribute to this review of the advanced scalper Forex software please leave your comments below and let me know if you have any questions.