Forex Scalping EA

Forex Scalping EA: April 2021 Updated Review

If you’re reading this Forex Scalping EA review, chances are just like millions of other traders, you’re not amused by the scams in the form of trading platforms floating all over the internet today. Contrary to most reviewers, we promise not to sugarcoat anything or mess around with your precious time. 

The review is going to furnish you with all the information you need to gauge what this software is all about, how it works, and if there are any red flags you ought to be aware of.

So take your notebook and let’s dive right in!

Forex Scalping EA: What exactly is it?

As the name suggests, Forex Scalping is a currency scalping EA running on the MT4 trading platform. The EA boasts a fully automated trading robot that scalps the market for any entry or exit points on behalf of its investors. 

Forex Scalping claims to be backed by back-testing data from 2000 to 2020, translating two decades of forex trading insights. Per their website, the robot is made for quick trades occasioned by small market movements. This means that trades by this EA can only last minutes and not hours, days, or weeks. But they say the short trades give way for what they describe as “quickfire trading opportunities.”

Speaking of fire, are you fired up just yet for this next part of the review? Because this is where we delve deeper into the trading part of Forex Scalping EA.

Trading Aspect

To start trading on Forex Scalping EA, they’ve outlined four steps to be followed: 

You’ll need to select your package of choice among the three options shown below:

Forex Scalping EA: pricing

The robot trades based on 5 minutes time frames using a mix of price action and technical analysis. Built with an alleged chart-analysing algorithm, the robot scavenges the markets for potentially profitable signals, with the ability to automatically enter and exit trades on behalf of the account holders.

As far we could tell, Forex Scalping trades five currency pairs namely: EUR/AUD, EUR/GBP, EUR/USD, USD/CHF, and GBP/USD. A glance through one of the charts (USD/EUR) shows impressive figures:

Forex Scalping EA: strategy report

It suggests that the bot makes a profit on at least 80% of its trades. But are these numbers a sign that Forex Scalping is the go-to trading robot?

Read on…

Legitimacy Test: Trust or not to trust?

So far, we’ve been treated to impressive numbers on the robot’s page; but that is where they seem to end – on their website. We didn’t come across any single platform that could verify the figures and any of their claims.

From their website, one can see that their track record has been verified by Myfxbook but upon clicking on it, it reveals otherwise. Here are the two scenarios:

Forex Scalping EA version:

Forex Scalping EA: chart

Myfxbook version:

Forex Scalping EA: currency chart

This makes you wonder whether all the impressive things highlighted before have any truth in them, at all. We managed to dig up a user review from forexpeacearmy.com (FYI; they’re not on Trust Pilot) and here’s what they had to say:

Forex Scalping: User feedback

Now, that’s a lot to take in and still maintain trust in anything or anyone. So, the answer is NO; we don’t think Forex Scalping EA is trustworthy and certainly not entirely what it makes itself out to be.

Conclusion

There are dozens of legitimate trading robots out there and you shouldn’t have to settle for anything less. While we’ve only analyzed one robot in this review, consider using the same approach to gauge other similar platforms and find out whether or not they’re a great fit for you. Also, make sure you check out our website for more plain-spoken reviews of tens of other forex trading robots

For now, stay safe and see you in the next!

Forex Robotron Review EA price list

Forex Robotron Review: Is it any better?

Welcome to this brutally-honest Forex Robotron Review.

Forex Robotron brands itself as being among the few trading robots to be tested with real variable spreads, actual tick data and slippages, as well as an issuer of a $7-trading commission for each lot and round. But that’s not all – the robot is presumably also your “perfect” forex trading companion if its alleged email testimonials are anything to go by. 

Claims and allegations aside, what exactly is Forex Robotron and is it worth any of your time or money?

Pull up a chair and let’s find out the truth once and for all.

What is Forex Robotron?

Forex Robotron is a forex trading software created by a team of developers claiming to have spent thousands of coding hours coming up with the Expert Advisor (EA). The MT4 trading software does not specify the minimum trading account balance but indicates that investors can leverage any amounts. 

According to its website, Forex Robotron can work on any MetaTrader 4 forex brokerage and users can trade any of their five currency pairs: EURAUD, EURCAD, EURCHF, EURGBP, and EURUSD. The software runs on 5-minutes chart frames and one license allows you to operate on one live MT4 account.

Forex Robotron Review: Trading Experience

Online searches on Forex Robotron’s trading experience proved futile as we never found any single verifiable source specifically explaining how the software helps people make money. The only other source of information is the tool’s website, which to be perfectly clear, looks shady. A look at ‘MyFxBook’ reveals an even worrying trend. 

One of the robot’s supposed notable gain of 23839.21% dates back to 2018 with zero withdrawals to date:

Forex Robotron Review: Real Chart

So, where is the truth? 

Are people making money using the software or is it just yet another con-game? Why would the only available trading data regarding the software date back to 2018? Did they perhaps close shop?

The software that claims to make use of the scalper strategy gives no concrete details on any aspect of their business, leaving us with more questions than answers. If this Forex Robotron review doesn’t reflect the actual situation on the ground, we welcome anyone with contrary information to publish the same in the comments section.

Trust Level

Apart from this software’s questionable trading aspect, a few other things caught our attention. First on the list are its testimonials. A thorough check of their published customer reviews suggests that all their feedback is positive and that they’re directly sent to their email address.

Forex Robotron Review: Email user feedback

My attempts to crisscross the internet for any independent customer reviews hit a dead end. We couldn’t find anything on them on Trust Pilot either.

But even with a price range as high as $299 – $999, with Forex Robotron, there are no guarantees. In their Disclaimer fine print, they prevent you from shifting any blame (whatsoever) to them in case things go south.

And to top it all up, there’s a tiny line somewhere on their website saying: No refunds due to the downloadable nature of the software. So, unless you’re willing to lose that hard-earned $1,000, better make sure you actually like this software enough to take it with the good, the bad and the ugly.

Conclusion

With everything that’s highlighted herein, your guess is as good as mine. Forex Robotron is not worth your time and money. No phone numbers and live chats, nil recent information, and zero refunds – with that, spending up to $999 on this tool sounds like bad business. Unless the developers behind this tech decide to do something about it fast, we don’t recommend using it.