Evening Scalper Pro is said to be a state-of-the-art trading system that operates during the American session. It works on a hedging account and generates a low drawdown. For good performance, it is recommended that you use low spreads and slippage during rollover time. You should also ensure that the system runs on a VPS continually.
Valeriia Mishchenko is the owner and seller of this EA. The Waka Waka EA and the Night Hunter are the other trading tools found in her portfolio. Nothing else is known about Valeriia, only that she resides in Russia. It is not clear when she joined this market or what kind of qualifications she holds.
Features
The features of this EA are listed below:
- Trades on several currency pairs, such as AUDNZD, GBPCAD, EURNZD, GBPAUD, EURAUD, AUDCAD, NZDCAD, and EURGBP.
- The recommended timeframe is M5.
- The robot works on both MT4 and MT5 accounts.
- It’s FIFO compatible.
- It has a negative swap filter, advanced news filter, stock market crash filter, and self-diagnostic system.
- The robot supports auto GMT detection.
- One chart is enough to trade all currency pairs.
- It attaches a stop loss to each trade.
How to start trading with Evening Scalper Pro
The system applies several trading strategies. First, it uses the scalping approach to enter and exit the market within a few hours at most, with the goal of making small profits from every trade. It also employs the mean-reversion strategy during the American trading session. It supposedly has a strong mean-reverting tendency with high profit targets.
What’s more, the EA enters the market using market orders from 19 to 23 hours while ensuring it doesn’t initiate trades during low liquidity periods and bank rollover (0:00-1:00). According to the vendor, a number of advanced techniques are employed to spot the ideal entry and exit points. No martingale or grid method is utilized.
The cost of this robot is relatively high. For now, the vendor is selling it for $799. The price is even expected to rise higher, to reach $899 once the discounted copies are sold out. Neither a rental option nor a money-back guarantee is offered.
Backtests
This EA was backtested between 2007 and 2022 and achieved millions of profit from a deposit of $300 only. This is after it conducted 3016 trades and won 81.78% of the short positions and 78.72% of the long ones. The drawdown generated was 14.46%, which implies that the strategy on board was not dangerous. The profit factor was 3.36.
Verified trading results of Evening Scalper Pro
For now, the EA is operating a real AUD account on Myfxbook. It was launched in December 2021 and deposited at A$50. Since then, the EA has been making an average monthly profit of 10.87%, and cumulatively, the account’s standing has risen by 69.38%. The net profit value is A$34.69 while the balance is A$84.69. The account is currently being tracked by 40 people. A low drawdown of 9.11% is reported.
There are 63 completed trades with a favorable profit factor of 2.09. The win rates for long and short positions are 83% and 72%, respectively. To date, A$4.73 has been deducted as commission. The EA’s loss rate is almost twice as high as the win rate, as demonstrated by an average win of 11.66 pips and an average loss of -21.14 pips. In general, the robot holds a position for 14 hours and 51 minutes.
The profits made by the system have been declining over time. In fact, the losses made in May are higher than the profits, and that’s why we have a loss rate of -6.95%.
The stats above indicate that the account is about to be ruined.
Customer reviews
There are only positive reviews for this system on mql5. Traders admit that they have had positive experiences with Valeeria’s EAs, suggesting she is trustworthy. However, none of them gives any info regarding the system’s performance on their trading accounts.
Is Evening Scalper Pro a viable option?
Advantages
- Supports multiple currencies
- Backtest and live trading stats are featured
- Positive customer feedback
Disadvantages
- Low profitability rate
- High risk of ruin
- Declining performance
- Expensive
Wrapping up
Users have praised the vendor for being trustworthy intimating that this EA is reliable. However, their comments don’t coincide with what its performance in the live market. Much to our dismay, we have found out that the robot has a low profitability rate, and its profits have deteriorated over the months. Worse yet, the losses it has made threaten to wipe out a user’s account on Myfxbook.
