In this post I will be reviewing the Dynamic Pro Scalper forex robot. The name bugs me slightly as Dynamic Scalper Pro seems to roll off the tongue better but that’s just me being fussy I guess! Anyway, this is from the same developer who brought you the Forex Trend Hunter and Forex Pulse Detector automated forex trading systems that I have previously reviewed. I have always had an interest in Asian scalpers despite the bad rep they often get. There is no doubt that they can be profitable provided you are using a reputable and regulated ECN broker with flawless execution and competitive spreads. You will not get anywhere using an Asian scalping forex system with a market maker broker. Even with high spreads, Asian scalping systems can be profitable but the problem is that many developers do not bother to test them with these real spread instead using a low spread chosen from within the MetaTrader 4 strategy tester. As you have probably gathered from my little rant, Dynamic Pro Scalper is an Asian scalper so let’s take a look at it in more detail and see if it is any good – the developer certainly thinks so calling it the “best Asian scalper on the market” but then again of course they would, right?! At the time of writing this review, the Dynamic Pro Scalper is performing well based on the verified MyFxBook accounts. This particular version is currently up over 110% in around 5 month’s time which is an average monthly gain of 22%.
Dynamic Pro Scalper Trading Strategy
Dynamic Pro Scalper is a fully automated forex trading system that runs on the MetaTrader 4 platform. It trades on an impressive 9 currency pairs which are: GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD and USDCHF. With all those currency pairs being traded you can be assured of making good auto-pilot profits provided this forex robot lives up to expectations but keep in mind the more pairs you trade the more account exposure you have overall – for this reason you should adjust the fixed lots or risk accordingly. As the name suggest, the entry is dynamic and adjusts according to the current market condition which is determined through analysis of volatility. The same principles also apply to the exit criteria. The developer states that there is no minimum account balance required to start trading fully automated with Dynamic Pro Scalper whilst they also point out the fact it has very low drawdowns which is evident from the back testing. Finally a risk of 1-2% is recommended which is a commonly accepted amount of risk but keep in mind of you trade 9 pairs at 2% risk that is a total of 18% risk across the board. One thing I will point out is the developer should certainly have tested this forex robot with higher spreads in back testing. 2 pips spread is not realistic during the Asian session for all of those currency pairs but on some it would be – don’t forget to factor in your commission! The only forex robot I have seen do this is Forex Robotron – real spreads, real commissions, real results! In saying that, the real live verified results of Dynamic Pro Scalper are very good thus far.
Dynamic Pro Scalper Back Testing
There are some great back tests on the website on 9 currency pairs. Back tests go as far back as 1999 and all have a smooth looking upwards curve making a ton of profit. As I said before though, this was not done with real spreads so results would have been different. That does not mean they would not have been profitable but certainly not as impressive.
Dynamic Pro Scalper Live Results
Dynamic Pro Scalper Summary
Provided you use a good ECN broker this scalping robot has great potential and you can be confident the developer will give you full support and have confidence with the 60 day money back guarantee. There are also live results for you to analyse in further detail and decide if this is the forex robot for you. Check it out by visiting the Dynamic Pro Scalper website.
Dynamic Pro Scalper$89
- GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD, USDCHF
- 15 Minute Timeframe
- 1 License
- 60 Day Money Back Guarantee
- Full Support
- Lifetime Updates
- Detailed Instructions
- No Minimum Deposit
- Any Leverage
- MetaTrader 4