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.

Galileo FX Review, MyFxbook and Tutorial 2021

We’ve been using Galileo FX for 3 months so if you are looking for an unbiased, extensive and detailed Galileo FX review, this article is for you.

What is Galileo FX?

Galileo FX is a piece of software that automatically initiates and executes trades according to pre-programmed instructions and real-time analysis.

The software is completely automated but you are in control of all settings.

Running Galileo FX requires Metatrader 4 or 5 on Windows but can also be controlled using a smartphone or tablet. Alternatively, a VPS can be used.

When you purchase Galileo FX, you are purchasing a license to use the software — your trading funds are never accessible by Galileo FX. The funds always remain in your broker’s bank account. This guarantees extra security compared to most forex autotrading services.

In this review of Galileo FX, we’ll delve into finer details including the features of Galileo FX, presets, and how to use it to start making profitable trades quickly — basically, all your questions will be answered.

Let’s get on with this Galileo FX Review!

Galileo FX Requirements

  • Windows PC, laptop or VPS
  • MetaTrader 4 or 5

Which Version is Right for You?

Galileo FX comes in 3 versions with different prices: Personal, Plus and Pro.

Depending on your use, you need to pick the right version.

Personal: limited to 1000 usd per month in profits. Best for trading once or twice a week with 1 or 2 currency pairs.

Plus: limited to 5000 usd per month. Best for trading for 3 hours a day with 4 currency pairs.

Pro: unlimited. Best for using 24/7 with multiple currency pairs (up to 20).

How to Install Galileo FX

Here is how to install Galileo FX, you can also see a video here.

How to Install Galileo FX on MT4

  1. Open your MetaTrader 4
  2. Click File — Open Data Folder
  3. Open MQL4 folder.
  4. Open Experts folder inside MQL4 folder.
  5. Insert Galileo FX EA file (ex4) into MQL4/Experts folder.
  6. Restart your MetaTrader 4
  7. Drag and drop Galileo FX from left into a chart like shown here.

How to Install Galileo FX on MT5

  1. Open your MetaTrader 5
  2. Click File — Open Data Folder
  3. Open MQL5 folder.
  4. Open Experts folder inside MQL5 folder.
  5. Insert Galileo FX EA file (ex5) into MQL5/Experts folder.
  6. Restart your MetaTrader 5
  7. Drag and drop Galileo FX from left into a chart like shown here.

MyFxBook Galileo FX +192.48%

We have been running Galileo FX on MT4 to trade different symbols for around 3 months.

On average, we run Galileo for 1 hour a day.

Gold was the best performing with GALILEO FX
  • Gain: +192.48%
  • Monthly: +152%
  • Max drawdown: 9.61%

Our Settings for Galileo FX

Timeframe: H4
Symbol: GOLD
Consecutive Bullish: 9
Consecutive Bearish: 9
TP: 300
SL: 300

Here is our MyFxBook with the results. We keep tweaking the settings, so please keep visiting this page for updated settings.

Galileo FX Support

Support was fast to reply to our issues. However, I’m not so sure if the replies were automated since I received the exact answer to my question within minutes.

Nothing to complain on this side, support has been fast and efficient.

Galileo FX Pre-sets List

When you purchase Galileo FX, you also receive 63 pre-sets to be used.

List of pre-sets:

Galileo FX Videos

Here are all the videos I could find about Galileo FX.

Official Video with Galileo FX in action

How to Install Galileo FX

Galileo FX – High Risk Settings – $270 profits

Galileo FX Plus – 4 pairs, $70 profits, 3 Minutes

Galileo FX Third-Party Reviews

As for any online purchases, always check the reviews. Here’s a list of verified review sites:

Galileo FX Company Details

Galileo FX is based in Dublin and has been operational since 2020. The firm has a reputation for continuous improvement of its trading algorithms with each successive year.

Email Address: support@galileofx.com

Official Website: galileofx.com

Mailing Address:
GalileoFX.com
Suite 1892
64 Mount Street Lower
Dublin 2
D02 TH77
Ireland

GalileoFX.com
Galileo FX logo © Galileo FX Ltd

Initially set up as a technology advisory business for investment banking clients, hedge funds and private equity firms, Galileo FX entered the retail automated trading apps industry in 2020 with Galileo FX and has since taken the industry by storm with its ease of use, accuracy and statistical profitability.

Galileo FX has been featured on key publications, including:

  • MarketWatch
  • Yahoo Finance

As one of the most profitable auto trading apps in the market, Galileo FX offers an easy user interface, great customer support and plenty of options to trade on autopilot.

Galileo FX is an app that is suitable for new users and experienced traders alike, and its surging number of daily users is a sure testament to the quality of service provided by the brand.

Galileo FX Benefits

  • Compatible with NFA, FIFO, MT4 and MT5 Build 600+
  • 60+ Tested and Proven Settings included
  • Effective Trade Management To Ensure Sustainable Growth
  • Supports Multiple Currency Pairs
  • Multiple Filters To Avoid Bad Market Conditions
  • Instant Download after successful payment
  • Easy 5-Minutes Installation with Video and Full Guide
  • Loss Protection (my top drawdown has been 20%)
  • 24h Support by chat and email
  • Updates Included
  • 100% Verified Results

Safety & Security of Galileo FX

The Galileo FX website uses the latest SSL/TLS encryption to ensure your data remains safe. Customers can make their purchases using credit and debit cards (Visa, MasterCard, AMEX, Maestro and Diners Club), PayPal, Amazon Pay, Bank Transfer, Apple Pay, among others. What’s more? A quick online search shows that there are already some positive Galileo FX reviews by happy users!

Galileo FX: Contact Details and Customer Support

Galileo FX customer support is available 24/7 via the following means:

Galileo FX Review: Final Verdict

We hope you found this Galileo FX review useful. Galileo FX is incredibly profitable trading with a unique strategy that makes auto trading as simple as it can get.

With over 60 ready-to-use presets, it’s easy to see why so many traders are now going for this software. Galileo FX is certainly recommended for both novice and expert traders.

If you wish to reach out to us, please visit our About page.