Dynamic Pro Scalper is termed as one of the best Asian scalpers on the market. In addition to being created to work on the MT4 terminal, it is alleged that it has a distinctive and high-efficient trading method. This statement couldn’t be further from the truth.
The EA’s team is supposedly composed of highly experienced Forex traders and developers. Also, a couple of them have been “battling” the market for 12 years. There is no evidence to corroborate these assertions. In light of this, the vendor has not earned our trust and this provides room to doubt their proficiency in Forex.
Features
This system comes with a lot of features:
- Supports 9 currency pairs; EURCHF, GBPUSD, USDCAD, EURGBP, EURCAD, USDJPY, GBPCAD, USDCHF and GBPCHF.
- Compatible with all types of MT4 brokers-NDD, ECN and STP.
- Can begin trading with $100-$500.
- Lifetime support.
- High slippage protection.
- Money management.
- Protection against unfair brokers.
- Easy to use.
- Fully customizable.
- High spread protection.
- Automatic GMT offset protection.
Dynamic Pro Scalper is presented as a scalper that only trades during the Asian session. It is especially designed to fight off brokers who offer high spreads and bad spreads. The newest version of the robot includes additional trade systems that enable it to work as:
- Simple grid
- Grid & martingale
- Recovery system
However, the dangers of grid and martingale methods should not be ignored.
How to start trading with Dynamic Pro Scalper
Dynamic Pro is being sold at a discounted price of $71. This is a one-time payment that features 1 real and 2 demo accounts and a 60-day guarantee policy.
Once you purchase the EA at this price, it can begin trading for you based on its predefined features, strategies and conditions.
Backtests
The backtest results above are proof that the EA was tested for almost 15 years, i.e., from June 2004 to April 2019 before being introduced to the market. In essence, the EURCAD currency symbol was on board and the 15 minute time frame was used. The robot was able to turn a deposit of $10,000 into a net profit of $288,032.78. The maximum drawdown was 3.96%, and since it was low, it presented no risks to the balance. The profit factor was 2.55.
Thousands of trades (3295) were completed during this testing period. The performance scores for short and long positions were 75.93% and 78.27% respectively. Unfortunately, the robot lost most of the trades it made as it recorded an average loss trade of -$247.53 against an average profit trade of $186.46.
Verified trading results of Dynamic Pro Scalper
We have been provided with a Demo USD account that is being managed by IC Markets. A total gain of 26.9% has been created from a $5,000 investment. Although the drawdown rate (6.95%) is low, the monthly profits (1.49%) are not anything to write home about. From its deployment on May 8, 2020, the EA has only managed to bring in $1,344.83 as profits. So, the balance has not changed much —$6,344.83.
These advanced stats have disclosed to us that the system doesn’t trade much as it has only managed to do 923 trades with 59.57 lots in over a year. The profit factor (1.86) also shows that these trades are not that lucrative.
The success rates of long and short trades which are 61% and 65% respectively are way lower than the ones presented in the backtest report. Apparently, the real market isn’t that favorable to the system. The average win is 9.03 pips whereas the average loss is -5.69 pips.
The performance of EA was painfully poor as it made gains that were less than 1%. A combination of grid and martingale approaches was on board.
From the risk of ruin table, we see that it will take more than 1,000 consecutive losses for the account to crash. So, the account is safe for now.
Customer reviews
Forex review sites like Trustpilot and FPA have not recorded any feedback from Dynamic Pro Scalper’s customers. It is possible that such clients do not even exist.
Is Dynamic Pro Scalper a viable option?
Advantages
- The live trading data available is verified
- Backtest report is supplied
Disadvantages
- Grid and martingale approaches are present
- Makes small profits
- No customer feedback
Summary
Dynamic Pro Scalper makes very little profits. To make matters worse, grid and martingale have been introduced. Therefore, more losses are to be expected. The EA is also not popular with traders despite being in the market for about 15 months. This is very fishy. Based on this assessment, we hence believe that this product will not benefit you in any way.
