Review of the Smart Scalper 1.1 EA
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Smart Scalper 1.1 | GbpUsd | 1 Hour | Scalping | Yes | Yes | Dynamic | 150 pips Dynamic | www.smart-scalper.com |
Performance (Smart Scalper EA Test Results)
License
Forex Smart Scalper is sold for 349$ through Paypal
Will provide upgrades for one year, after that you need to pay for updates?
Strategy
Forex Smart Scalper strategy uses what appears a dynamic 150 pips Stoploss and a dynamic 10 pips target. We don’t have a copy of the EA to provide more details on how targets and stoplosses are timed and how far the EA could sink in a loss. But obviously, those 150 pips stoplosses could get hit in full if the Market moves fast enough.
We are very aware of such strategies, they are similar to startegies which use a static 15:1 Risk/Reward ratio, except that this one may take a longer time to blow-up.
And that is most likely the reason why they are showing backtests of less than one year total !
Smart Scalper Recommended Brokers
FX Open and Iam FX are two brokers to consider when trading forex robots.
Conclusion
Until they provide ATLEAST 5 years of backtest results for Smart Scalper, which we are confident they won’t dare to do so. This EA remains with a big question Mark around the stability of its performance.
The forward test however is for two months only and is on Demo. despite the fact they mark their software as “safe”, they still wont dare to invest a penny in it !!
Safe To Buy?
NO!
Forex Smart Scalper has not been approaved for purchase just for the fact they are using Paypal as a payment method (So don’t even dream of a refund if you purchase), until they provide at least 4 months of real test on real money, and post backtests for at least 5 years period. This system will remain unsafe to buy.
Forex Smart Scalper Overall Rating
