EA Review: Scalpian V2

Today I’m reviewing a new Forex scalping robot, that claims to provide traders daily gains of up to 25% on a regular basis, Scalpian V2. The presentation of this system is a little different from other sales pages we come across, as the vendor wants us to login directly to their MT4 account to analyze the results. I’m not really sure if I appreciate this approach, and I’ll discuss this more in the trading results section of this review.

The vendor provides us with no information about their trading history, who they are, or where they are located. These are very important questions that need to be answered by any vendor that wants to be taken seriously. In order to get in touch with support, traders can fill out an email form, use the live support chat feature on the website or email support@scalpian.com. It’s my recommendation the traders certainly follow through with a support email to get some of these questions answered.

Scalpian V2 Review

The Scalpian V2 sales page isn’t very thorough, as it consists of 3 sections, features, pricing and frequently asked questions. In terms of the strategy, the developers claim that the software uses a “mixture of many Trending indicators to get best Results on daily basis.” These indicators are not elaborated on, so we are not provided in depth aspects of the strategy. They do go on to tell us that they have a money management system in place, and that the goal of the software is to follow the strongest current trend.

While the strategy sounds interesting, it is quite vague as the creators of this expert advisor do not go into much detail elaborating on any of their methodologies.

The other features provided by the vendor are commonplace in the Forex marketplace, as they promise that this is a fully automatic script, that can be used on any currency pair with ECN support, free future updates and 24/7 customer support. Oddly, despite the name of the expert advisor, the vendor doesn’t discuss the scalping approach whatsoever. Personally, I’m a big supporter of scalping expert advisors, as you can see in my Forex Fury review.

Breakdown

• Type: Forex Robot
• Price: $300-$999
• Strategy: Trend Following Scalper
• Timeframe: M5
• Pairs: EURUSD, GBPUSD, USDJPY, GBPJPY

In the features section of the sales page, the Forex Scalpian V2 creator tells us that the software can be used on any currency pair. Yet, if you read closer, you’ll see that the vendor has actually optimized the software for the four specific pairs I’ve included above in the breakdown.

As for the price, there are 3 different options, depending on how many accounts you want to run the software on. For $300, traders get access to one MT4 license. For $600, traders can run the software on 5 MT4 accounts. Lastly, for $999, traders can utilize the expert advisor on an unlimited basis. All 3 of these prices are quite expensive, so it’s important that we be cautious before we make any quick decisions to sign up.

Trading Results

In order to access the trading results where the vendor claims the software has gained 900% profit in just 40 days, we have to login directly to their MT4 account. Considering the vendor could easily just upload their Scalpian V2 account to Myfxbook, I find the process they’ve chosen to be unnecessary and convoluted. They need to sort this out quickly, if they ever want to be considered for the Best Forex Robot review page.

Despite multiple attempts to log into this account, I only get a connection failed message. I have entered all of the information correctly, so I don’t feel as if I’m doing something wrong, but even if I am, the vendor shouldn’t utilize such an odd way of providing trading results.

This is the most important aspect of any review, and it’s quite apparent that the developers of this software have failed to provide proof that their product is viable.

Conclusion

This review is leaving me with more questions than it is answers. Despite spending over an hour on the website, we don’t know anything about who the creators of the Scalpian V2 are, what methodologies their product is following, and we are still yet to see any trading results. All of these aspects need to be resolved before we can consider this trading product at all.

If there is anything you would like to add to this review, please leave your questions and remarks below the article now.