In this post I will be reviewing the QuickScalp Trader automated forex robot that runs in the highly popular and still ever strong MetaTrader 4 trading platform. As with any forex robot the QuickScalp Trader is fully automated and will place, manage and exit trades on your behalf without you having to lift a finger. The developers claim that you can double your trading account every few months and these claims are backed by real live myfxbook verified accounts shown on the official QuickScalp Trader website. Current results of the QuickScalp Trader show around an 85% win rate and almost 20% monthly gains. The average win is smaller than the average loss which is not that big a deal considering the high win rate.
QuickScalp Trader Trading Strategy
Presented by William Morrison from LeapFX, the QuickScalp Trader has been years in the making and was designed to function much different than normal scalpers in order for it to be possible to work on most brokers with average spreads and average execution times, while adding in some unique technologies to keep the profits flowing in. The QuickScalp Trader forex robot trades most days with a short trade hold time and works best on the EURUSD & GBPUSD currency pairs which is good as these pairs have the most liquidity that gives us good trading conditions on reputable ECN brokers such as low spreads and minimal slippage from the liquidity providers. The strategy used identifies Trend with Optimized Moving Averages, Then Determines Entry Based on Fractals and Candlestick Movement. It is FIFO Compliant, No Hedging, Compatible With All Leverage Accounts with No Grid, No Cost Averaging, 1 Trade At A Time Per Currency Pair, thus controlling drawdowns.
QuickScalp Trader Back Testing
The official QuickScalp Trader website has a range of back tests that back up the current live performance of this forex robot which I must admit is showing good potential thus far. However, my only gripe would be that the back tests should be done with real tick data, variable spreads and commission included, such as Forex Robotron does. Birts Tick Data Suite should always be used for accurate mt4 back testing conditions, especially with a forex scalping strategy.
QuickScalp Trader Live Results
QuickScalp Trader Summary
Overall, the QuickScalp Trader is a very good performing forex robot thus far, perhaps check the latest performance at the time you are reading this review and hopefully it is keeping up the generous returns with relatively low drawdowns. The QuickScalp Trader is suitable for any level of trades as it requires no user input other than setting it up which can be done in just 5 minutes by following the included instruction guide, whilst support is always on hand to help and a money back guarantee included.