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. This is primarily due to the fact they can be very broker dependant and require tight spreads, low commissions and minimal slippage. I would personally use an ECN forex broker for competitive trading conditions.
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 9 currency pairs which are: GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD and USDCHF. With all those currency pairs being traded there can be more trades but keep in mind the more pairs you trade the more account exposure you have overall. I would be very careful with my risk exposure and only use a lot size I feel comfortable with.
As the name suggest, the entry is dynamic and thus will try to adjust according to the current market conditions 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 but only to trade with what you can afford as trading is very risky by nature. A large majority of retail trading accounts lose money.
Dynamic Pro Scalper Back Testing
There are some back tests on the website on 9 currency pairs. Back tests go as far back as 1999 but are not done with real spreads, commissions, slippage or swaps. Thus, they could look very different if they were done using 99% modelling quality back tests with Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage. This is especially true with a forex scalping system such as this one which can be very dependant on these factors.
Dynamic Pro Scalper Live Results
Dynamic Pro Scalper Summary
Overall, I would personally avoid using this particular forex robot. I find that it is too broker depednant for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.