The site provides us with some fresh market updates that no one needs because there are special sites for these purposes.
In our opinion, starting a presentation with negative statements is not professional. Most companies provide information about how cool they are and what they suggest to us.
The list of provided features includes eight blocks without any extra explanations. We are to explain them:
- FX Scalper X trades on the charts fully automatically.
- The system has grown the $100 to $150,000 in 2020. Of course, it’s a lie.
- The presentation includes backtest reports that show that the system was well-tested.
- It won’t take much time to set the robot on the terminal.
- The robot can put emotions aside from trading.
- The minimum balance to get started with the EA is $100.
- We can make profits without previous experience in Forex trading.
- The robot will be delivered within a day after purchase.
- FX Scalper X executes a scalping strategy on the Grid of orders.
- It works on the lowest possible time frame – M1.
- The robot supports only trading on the following currency pairs: EUR/USD, EUR/GBP, AUD/USD, GBP/USD, and USD/CAD.
How to start trading with FX Scalper X
There are four packages published, where one is lifetime and three others are subscriptions. The lifetime pack costs $277 for a copy. The three-month subscription costs $117. The six-month subscription costs $157. The annual subscription costs only $197. There is no extra intel about what these packages include.
A solid con is that we have to provide our card data to the site. We are not sure that it will be secured and safe.
There are many reports published on the site. It’s a GBP/JPY backtest report on the M1 time frame. The data period was from 2010 to 2019. The modeling quality was 99.90%. Spreads were 18 pips. An initial deposit was $100. The total net profit has become $47,774,633. The Profit Factor was 1.59. FX Scalper X has traded 44,912 deals with 45% of the win rate for Shorts and 56% for Longs.
Verified Trading Results of FX Scalper X
The company’s profile on myfxbook has five accounts.
It’s a real USD account on a LODFX broker. The system works automatically. The leverage is set at 1:300. The platform is MT4. The account was created on January 12, 2021, and deposited at $2,850. Since then, the absolute gain has amounted to +38.06%. An average monthly gain is +10.00%. The maximum drawdown is 14.91%.
The robot closed 2822 trades with 10613 pips. An average win is 11.94 pips when an average loss is -21.80 pips. The system has traded 28.59 Lots. The win-rate is 75% for Longs and 76% for Shorts. The trade length of an average deal is almost seventeen hours. The Profit Factor is 1.70.
There are five symbols traded: AUD/USD, EUR/GBP, EUR/USD, GBP/USD, and USD/CAD. GBP/USD is still ahead since our last visit. There were 989 deals traded.
The robot trades mostly during European trading hours.
Wednesday (657 deals) is the most traded day compared to others.
It runs the account with the lowest possible risks. To lose 10% of the account, the system has to close 173 deals with losses in a row.
FX Scalper X trades with 0.01 Lot Sizes.
As we can see, the system makes some real profits.
The presentation is featured by positive comments from clients.
The company has a Telegram profile with 5831 subscribers on the board.
There are some funny comparisons of the profitability of the system versus financial assets.
Is FX Scalper X a viable option?
It’s up to you. Scalping is a risky strategy little brokers want you to use.
If we talk about pros we’d like to notice that the presentation has backtest reports and trading results. The system is profitable now. The offer is common and not overpriced. There are several cons and scalping is one of them. Scalping requires the best spreads and execution speed. So, this requires additional investments like broker ECN account commissions and VPS service renting.
FX Scalper X is a system that runs a real account for four months, providing little profits on the five currency pairs. The presentation doesn’t look informative and welcome. We are not sure that everything will be okay. Anyway, it’s time for the system to run several more months on the real account before making a final decision.