Gold Scalper Pro is the system that belongs to FXAutomater. The main claim is that “GOLD Scalper PRO is One of The Most Successful Expert Advisors for trading on GOLD (XAUUSD).” The robot has a discussable reputation.
Features
The presentation is featured by the short statements about the system and its functionality:
- The EA was designed to work automatically for us.
- The system doesn’t run high-risk trading strategies: Cost Averaging, Arbitrage, Grid, or Martingale.
- There’s a “strong, pure, and simple trading logic” behind the system.
- The robot executes a scalping strategy in the trend direction.
- We should be sure our orders will be protected with SL and TPs.
- The system can decrease drawdowns.
- The test period was based on 14-year data.
- The robot is featured by a news filter to allow us to decide when it’s time to open trade.
- The system has a broker protection feature that covers our orders from being hunted.
- There’s an effective exit logic.
- We have an Email and Push Notification system.
- The Friday Exit System closes deals from staying on the market over weekends.
- There are other features presented: high spread, slippage, and broker protection.
- We are allowed to use the advisor on the MT4 and MT5 platforms.
- The lot size should be 0.01 per each $1000.
- The risk can be from 2% to 10% on each open order.
- We have a list of full settings.
- The system can be run on MAC OS and Windows OS.
Gold Scalper Pro costs $97 with -$50 OFF from $147. The developers changed the original price quite often in the past. The package is featured by a single real account and three demo accounts. We can rely on 24/7 support and a 60-day money-back guarantee.
In addition, the package includes free updates, upgrades, and a user manual.
How to start trading with Gold Scalper Pro
There are simple, common steps. We have to own a demo or real account on a broker. We have to buy a robot, download it, and set it on the terminal. So, it is. No extra effort is required.
Backtests
We have a Gold backtest report on the M15 timeframe. The data period was from 2004 to 2018. The modeling quality was 90.00%. The spreads were 200 pips. An initial deposit was $1,000. The total net profit has become $924,389. The profit factor was 2.43. The maximal drawdown was 8.85%. It has closed 1313 orders. The win rate was 84% for Shorts and 86% for Longs.
Verified Trading Results of Gold Scalper Pro
The robot executes orders on a demo USD account on the IC Markets broker automatically with 1:500 leverage on the MT4. The account has a verified track record and verified trading privileges. It was created on August 29, 2019, and deposited at $1,000. Since then, the absolute gain has become 48.79%. An average monthly gain is 1.77%. The maximum drawdown is 8.87%.
The robot has executed 185 deals with 14,324 pips. Since our last visit, the system has lost approximately 1000 pips. An average win is 226.92 pips when an average loss is -925.42 pips. The win rate is 93% for Longs and 82% for Shorts. An average trade length is a bit higher than 4 hours. The profit factor is 1.73.
The advisor has closed much more orders on the Sell direction than on the Buy one.
The most deals are traded during Australian-Asian session. It’s weird because Gold is usually traded during the American session.
Thursday (31 deals) and Friday (30 deals) are the less traded days.
The robot keep working with high risks as well. It has to lose five orders to blow 10% of the account.
It’s noticeable that the system works with quite deep Stop Losses.
It works unpredictably in 2021. We wouldn’t like to suggest you use it.
People Feedback
There’s an FXAutomater page on Forex Peace Army created. We’ve got a single comment to talk about.
This testimonial is neither good nor bad. The most important is that the company has many products on the board, but only one comment on Forex Peace Army.
Is Gold Scalper Pro a Viable Option?
Advantages
- Backtest reports provided
- Verified trading results provided
- Money-back guarantee provided
Disadvantages
- No team revealed
- Trading results don’t look great
- Lack of customer testimonials
- Only one pair to work with
Summary
Gold Scalper Pro is a trading advisor that works with Gold only executing a scalping strategy. The system works with quite deep drawdowns and losses as well if they occur. The robot couldn’t provide us with stable profits in 2021. Lack of comments warn us that there is something wrong with the robot.
