Climbing Scalper Review

Jun 2, 2022 08:42 AM ET
Climbing Scalper Review

Climbing Scalper is an expert advisor that works during the fluctuations occurring in the night session of the market. This FX EA is fully automated with easy installation and use. As per the developer, the system is equipped to handle big spreads without losing its effectiveness. This scalping system uses SL and TP and an advanced SL for ensuring high returns and minimal drawdown. 

The author, Liudmyla Bochkarova is from Ukraine and is a price action trading specialist. A Stanford University graduate, the author has 9 products and 5 signals to her credit. The developer states that she uses only live monitoring with real money for trading and does not recommend demo accounts. The other products of the author are Golden Future, Octopus, and Algotron. 

Climbing Scalper

Type

Fully-automated EA

Price

$399

Strategy

Scalping 

Compatible Platforms

MT4, MT5

Currency Pairs

AUDUSD, EURUSD, EURGBP, GBPUSD, USDCAD

Timeframe

M5

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trading strategy explanation

According to the author, the expert advisor is designed to work on all pairs having a stable spread and quiet overnight movement. It is also set to work on big spreads without compromising its performance. This is a night scalper that uses fluctuations in the market during quiet hours and trades within the price ranges. The author maintains that it uses many advanced methods to find the accurate entries and exits ensuring a high winning rate. 

Some of the key features that make it stand apart from its competitors as per the author are:

  • It works best on the AUDUSD, EURGBP, USDCAD, EURUSD, and GBPUSD pairs.

  • The FX EA uses filters for spread and slippage to avoid opening trades during highly volatile market conditions.

  • It works only during the quiet market session.

  • An SL is present for every trade to safeguard capital.

  • It uses smart SL and TP management.

  • The M5 timeframe is used for the trades.

  • Backtests executed from 2003 to 2022 show stable performance.

  • It does not use methods like the grid or Martingale.

Backtest data analysis

Backtesting report of Climbing Scalper on the MQL5 site.

The developer provides backtests for the FX EA on the MQL5 site. Shown above is one of the strategy tester reports. From the results, we can see that an initial deposit of $1000 generated a total net profit of 11350040 for the test done from 2003 to 2022. A total of 4514 trades were executed with profitability of 99.76% and a profit factor of 14.37. The maximum drawdown for the account was 3.47%. From the results, it is clear that the system used a low-risk and effective strategy as indicated by the low drawdown and high profits.

Live trading data analysis

The developer does not provide real trading results for the FX EA. We prefer real trading results verified by third-party sites such as Myfxbook, FXBlue, FXStat, etc. The reason is such sites provide an unbiased report on the performance of the system. We could find details related to the profitability, drawdown, the risk to reward ratio, lot size, etc. The lack of real trading results prevents us from evaluating the system properly.

Pricing

To buy this FX EA, you need to pay $399. Rental options are present and they include a one-month rental costing $249 and a 3-month rental costing $269. A free demo is present. The author does not provide info on the features available with the package. There is no money-back guarantee which makes us suspect the reliability of the system. When compared to the price of competitor scalping systems in the market, we find the pricing is expensive. Further, the author mentions that the price is only for the next 8 copies after which the price will be raised to $499.

Customer support

For support, the messaging option on the MQL5 site is the only method the author provides. We could not find other support options like live chat, email address, etc.

Review summary

Pros

  • It is a fully automated software

  • Backtests show stable results

Cons

  • No verified real trading results present

  • Expensive pricing

  • Lack of a money-back policy

Climbing Scalper is a night scalping system that assures stable results and minimal losses. Our evaluation of the FX robot reveals that although the backtesting results show good performance, there are no verified real trading results to support them. Other downsides we found in the expert advisor are the expensive pricing and the absence of a money-back guarantee. 

Rating: 4/10


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