DynaScalp works on the MetaTrader 4 platform on multiple currency pairs. The algorithm uses money management techniques and has a built-in news filter to avoid trading in volatile markets. According to the developers, the robot has managed to produce a high profit over a short period which can be verified from the life records on Myfxbook. Its live trading results prove the fact that the system trades with low risks and can generate stable income over an extended period of time.
LeapFX is the company behind the production of DynaScalp. They have multiple algorithms for sale, including The Fund Trader, AX Trade, Automic Trader, etc. The copyright market logo on the website dictates that they have been in the market since 2018. They company has a high rate of 4.1 based on 14 reviews on Trustpilot.
Features
The most critical elements of DynaScalp are:
- It trades on the MT 4 platform using a news filter.
- The system has money management techniques.
- It’s beginner-friendly.
- There is no involvement of grid and martingale.
The robot trades on multiple currency pairs using a night scalping strategy. It selects the best instruments using the asset weight management system and does not implement grid or martingale strategies.
From the trading history on Myfxbook, we can observe that the robot has a fixed exit for each trade. With an average trade duration of 1 hour and 41 minutes, it is a day trader. The duration chart clarifies this fact. The winners and losers are concentrated within the first two hours of opening time.
The system opens positions at the end of the New York session.
How to start trading with DYNASCALP
Traders can start trading with DynaScalp in the following steps:
- Make the payment and receive the algorithm from the developer
- Traders have to download it on the MT4 platform
- Then, drag the EA files onto the charts section and enable the auto-trading button
Traders can purchase a yearly subscription plan at $297, while a lifetime license will cost $397. The product comes with the best set files and recommendations from the company. There is a 30-day money-back guarantee as well. So, for the price, features, and guarantee provided, it is safe to say that the system is worth your investment.
Backtests
The backtesting records are available for 11 years, from 2010 to 2021, on EURGBP. With an initial deposit of $1000, the total net profit can be seen as $14525.34. There were 160965504 ticks modeled with a history quality of 99.90%. The expert advisor participated in 1467 executions with a 70.21% win rate. The relative drawdown value was 55.37%, with a profit factor of 1.6.
Verified trading results of DYNASCALP
The verified records are available from June 30, 2020, till the current date. The gain percentage was +884.36%, and a monthly gain of 11.17%. The algorithm has placed 72,4623 trades, out of which 72% were positives and 28% negatives. The average win was 3.91 pips, and the average loss was -4.76 pips. Contrasting the growth chart with the drawdown we can infer that it has a stable growth while maintaining the risk under control. The drawdown value can fluctuate between 10-20% for an extensive period.
Customer reviews
The company has a rating of 3.196 and a total of 17 reviews on third-party reviews platforms, including Forex Peace Army. There is no feedback available for DynaScalp. A trader comments that they have tried several products from the company and could recommend them. The support is fast, and a money-back guarantee is promised.
Another trader comments that the website is trustworthy and refunds are always guaranteed. They have been with the company for more than one and a half years.
Is DYNASCALP a viable option?
Advantages | Disadvantages |
| Fully automatic system | Low transparency on the developers |
| Beginner-friendly | |
| Detailed live and backtesting records |
Wrapping up
DynaScalp is a fully automated system with complete transparency on live and backtesting records. The algorithm is available via multiple subscription plans and comes with a money-back guarantee. The developers are fully transparent about their strategy and offer full support with the purchase.
