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
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.
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.
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
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.
|Average monthly gain||1.44%|
|Lot size||0.05 per $1000|
|Recommended brokers||IC Markets|
|Currency pairs||Multiple currency support|
|Fixed stop loss||Yes|
|Fixed take profit||Yes|
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.
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.
We could not find user feedback for this FX EA. The absence of user reviews indicates this is not a popular system.