Forex Scalping EA Review

Feb 23, 2021 02:36 PM ET
Forex Scalping EA Review

In this review, we will be reviewing Forex Scalping EA. This automated Forex trading system runs on the MT4 platform and trades multiple currency pairs on the M5 timeframe. It analyzes the Forex market and finds Entry and Exit points for scalping trades.

Forex Scalping EA


Fully-automated EA


$99, $149, $199, $249



Compatible Platforms


Currency Pairs

Multiple currency pairs



Recommended Min. Deposit


Recommended Deposit




From the main statement on the Forex Scalping EA website, we are told that this is the best scalping robot that has ever existed. The dev tries to convince us that this expert advisor is what we need to buy immediately. The main goal of our Forex Scalping EA review is to analyze this EA and let you know whether it is a good robot to invest.

Trading Strategy Explanation

This EA works on the MT4 platform and trades 14 currency pairs on the M5 timeframe. It trades during high volatility times by combining technical and price action analysis. The robot analyzes charts for potential trading signals based on its built-in algorithm. Once it finds a signal the robot can place as well as manage trades on behalf of a trader. Traders can also adjust the EA according to their trading needs and preferences. Moreover, you can have full control over your own trading. It means that you can easily choose what currency pairs you want to trade as well as trade them all. In addition to this, the robot has built-in maximum spread and slippage filters to avoid certain market conditions. The developer recommends choosing a broker with tight spreads and fast execution. ENC broker is a good choice especially for robots that use scalping strategy.

Forex Scalping EA presentation

The main features of this EA are:

  • It is a fully automated robot

  • It trades multiple currency pairs on M5 timeframe

  • It works on the MT4 platform

  • It has great diversity and good customer support

  • Traders are free to choose what currency pairs they’d like to trade

  • The dev provides backtesting results that unite the 2000-2020 years period

  • The EA scalps in the market direction

  • The robot has a high trading frequency, which allows closing most of the trades with profits

  • It opens trades for a short-term period

  • Brokers with tight spreads are recommended

  • Traders are provided with welcome 24/7 customer support

Backtest Data Analysis

The developer provides us with backtesting results performed on 15 currency pairs: AUDNZD, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPCHF, GBPUSD, USDCAD, USDCHF, and USDJPY using the same settings. It is a huge pro for the Forex system when it has the same settings regardless of the currency pairs traded.

Let’s analyze the AUDUSD currency pair. The backtesting had been lasting for 20 years! The robot traded on the M5 timeframe with 90% of modeling quality. It was deposited at $1000 and earned over $750M. Its profit factor was high – 3. The maximal drawdown was only 0, 82%. It traded 25 712 trades and won 21 843 out of them.  Its win rate for Long positions was 84, 07% and 85, 83% for Short positions.

Forex Scalping EA Backtest Data Analysis

Live Trading Data Analysis

Forex Scalping EA Live Trading Data Analysis

Now we are going to analyze the live trading performance of the robot.

This is a Demo USD account on EasyForex broker. It works on the MT4 platform. Since the time of its activation, November 11, 2019, the robot’s gain has grown to 5901, 19%. Its monthly gain is high – 24, 54%. It was deposited at $50000 and earned $2950594.04 of profit. Its current balance amounts $3,000,594.04.

Forex Scalping EA Myfxbook

The peak drawdown was 24, 54%. However, from August 2020 up to the current days the robot has been trading with law drawdowns, which range between 2,47-1%.

Forex Scalping EA drawdowns

The robot has traded 3169 trades and won 2714 out of them. Its average win is $1518/6.06 pips, while the average loss is twice higher and equals -$2573, 53/-9, 73 pips. The average trade length is 32 minutes, which is okay for scalper. Its profit factor is high – 3.52.

Forex Scalping EA advanced statistics

It trades 14 currency pairs. The most profitable one is GBPAUD - $ 533679.62. The most frequently traded symbol is GBPUSD – 352 trades.

Forex Scalping EA trading results

The EA trades with fixed Lot sizes - 50, SL – 50 pips, and TP -100 pips. As you can see its daily profit is impressive.

Forex Scalping EA trading results

The trading results of January and February 2021 do not look as good as the ones of the previous year. Nevertheless, the robot is still to be profitable.

Forex Scalping EA monthly gainForex Scalping EA monthly gain

Trading Results

Myfxbook Account

Demo (USD), EasyForex


Nov 11, 2019


$ 50,000


$ 3,000,594.04












The robot is sold in 4 different packages: Basic ($99), Standard ($149), Gold ($199), and Premium ($249). Currently, these packages are sold at discount. Each pack includes an unlimited number of Demo accounts, lifetime customer support, the ability to trade all currency pairs, free and lifetime software updates. The basic package allows trading on 1 real account,  the Standard package offers trading on 2 real accounts, Gold on 3 real accounts and Premium offers an unlimited number of real licenses.  

Forex Scalping EA Pricing

The dev does not provide a money-back guarantee and explains it is so ‘due to the downloadable nature of the software’. It sounds awkward.

Forex Scalping EA refund policy

Review Summary                      


  • Backtest reports provided

  • Live trading results provided


  • Lack of vendor transparency

  • The dev provides trading results on the Demo account

  • No settings explanations provided

  • No money-back-guarantee provided

  • No customer reviews


There’s no information provided about the vendor. Oddly, but if the EA is so profitable, then why does the dev trade on the Demo account? After our detailed Forex Scalping EA review, we have concluded that the profitability of the EA consistently goes down during 2021. The EA is not as profitable as it used to be in 2020 or 2019. Traders are not provided with a money-back guarantee. The vendor lacks transparency where it is the most required. Lack of transparency is a red flag for Forex Scalping EA. We never recommend traders invest in suspicious products like this one.

Rating: 5/10

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