Expert AdvisorsForex

Smart Scalper Pro Review: Things You Need to Know Before Investing

3 Mins read
3.3

Smart Scalper Pro is an FX Robot that boasts new features and enhancements that help in effective trading. This is the professional upgrade of the BF Smart Scalper system. As per the vendor, this FX EA works based on the presence of a reasonable correction following movement based on a robust market impulse. According to the vendor, the additions that are done to the system help in boosting the performance of the EA

Smart Scalper Pro trading strategy

Trading strategy of Smart Scalper Pro
Trading strategy of Smart Scalper Pro

This FX Robot uses a low-risk approach that includes reasonable SL and TP levels in addition to a new algorithm designed on ATR to reduce the losses and boost the profits. Other than mentioning the system using the reasonable correction in the market momentum after a strong impulse, there is no further explanation present. We find the lack of info suspicious and it raises a red flag for this EA.

Smart Scalper Pro backtesting report

A few backtests are present on the official site. Here is one of the tests done from 1999 up to 2018 on the GBPUSD pair using the M15 timeframe.

Backtesting report of Smart Scalper Pro
Backtesting report of Smart Scalper Pro

From the above screenshot, we can see a deposit of $1000 had generated a total net profit of 13706719.03. The profitability was 78.05% and the profit factor value was 1.47 for a total of 8260 trades. The maximum drawdown for the account was 8.41%. Although the drawdown is low, the profit factor is low indicating poor performance.

Smart Scalper Pro live results

The vendor provides many live results verified by the myfxbook site for this FX Robot. Here is a real USD account of the ATS using the IC Markets broker, and the leverage of 1:500 on the MT4 platform.

Growth curve of Smart Scalper Pro
Growth curve of Smart Scalper Pro
Advanced trading stats of Smart Scalper Pro
Advanced trading stats of Smart Scalper Pro

From the above screenshots, we can see that while the trading privileges are verified by the site, the track record is not verified. A total profit of 23.77% and an absolute profit of 23.75% are present. The daily profit is 0.05% and the monthly profit is 1.44%. A drawdown of 4.43% is present. For a deposit of $300, the profit generated is $71.29. 

A total of 482 trades have been executed since September 2020 with a profitability of 72% and a profit factor of 1.31. From the trading history, we can see the lot size of 0.01 was used which indicates a risky approach. Further, the low profits show poor performance.

Some features of Smart Scalper Pro

Features of Smart Scalper Pro
Features of Smart Scalper Pro

As per the vendor, the key features that make this EA special are:

  • It trades 24/5 using a low-risk strategy with reasonable TP and SL levels.
  • A proven trading method is used by this EA based on market impulse-momentum.
  • It uses an exit logic along with dynamic SL and TP.
  • New filters are present for this multi-currency supporting system.
  • Push notifications and email notifications are part of the services offered.
  • Money management and protection from unethical brokers and spreads are some of the other features.
Total Return23.77%
Maximal drawdown4.43%
Average monthly gain1.44%
DeveloperFxAutomater
Created, yearN/A
Price$147
TypeMarket Impulse
TimeframeM1
Lot size0.05 per $1000
Leverage500
Min.deposit$1000
Recommended deposit$10000
Recommended brokersIC Markets
Currency pairsMultiple currency support
ECNYes
Fixed stop lossYes
Fixed take profitYes

Main things that make Smart Scalper Pro unreliable

Here are the main factors the make this FX Robot unreliable:

1) Low profits

From real trading performance, we find the profits gained are very low. This makes the claims of the vendor that the EA can reap high returns.

2) Zero vendor transparency

The vendor does not reveal details of the team members, their expertise and experience, location address, phone number, etc. The lack of info raises a red flag for this EA

3) Vague strategy explanation

Other than mentioning the market impulse-based approach and scalping, the vendor does not provide a proper explanation.

Pricing details

Pricing of Smart Scalper Pro
Pricing of Smart Scalper Pro

This FX EA is available for $147. The package includes one real account, 3 demo accounts, and 24/7 support. A 60-day money-back guarantee is present. Compared to other similar scalpers in the market, we find the price is affordable.

Other notes

We could not find user feedback for this FX EA. The absence of user reviews indicates this is not a popular system.

Smart Scalper Pro Summary

3.3
Our evaluation of the Smart Scalper Pro reveals many drawbacks in the system. The lack of vendor transparency, insufficient explanation of the approach, and poor performance in real trading are the key downsides of this EA. With so many important drawbacks we find this is not a reliable system.
4.0

Functionality

3.0

Reliability

3.0

Strategy

4.0

Price

3.0

Trading Results

3.0

Vendor Transparency

Pros

  • +Fully automated
  • +Verified trading results

Cons

  • -Lack of vendor transparency
  • -Vague strategy explanation
  • -Poor performance in real trading
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