Promoted as a highly effective Asian scalper, Dynamic Pro Scalper is an MT4 compatible trading tool that is fully automated. It supports 9 currency pairs and claims to use a very efficient trading approach that uses dynamic volatility trade entries and exits. Automated Forex Tools is the company behind this FX robot. The company comprises a team of developers and FX traders with more than 12 years of experience. There is no info related to the location of the company and its phone contact. The only support option for users is the online contact form.
Dynamic Pro Scalper At a Glance
|Currency Pairs||9 Currency Pairs|
|Strategy||Scalping, Martingale, Grid, Recovery|
Dynamic Pro Scalper Functionality
This FX robot works on the EURCAD, GBPCHF, GBPUSD, USDJPY, GBPCAD, USDCHF, USDCAD, and the EURCHF pairs. The settings for each of these pairs are integrated separately in the software. Automatic detection of the pairs occurs resulting in loading of the appropriate settings. If you use an unsupported pair, the default GBPUSD settings will work.
As per the vendor, the features of this system include fully automated trading software that does not need manual intervention, integrated money and account management, compatibility with all brokers, customizable software, broker protection, and protection for high spread and high slippage. The vendor promises a low drawdown due to the efficient trading approach that the EA uses. Other features include automatic GMT detection, high recovery factor, free updates, and lifetime support.
According to the vendor, the recommendations differ based on the currency pairs it supports. For this EA, a trading risk of not over 2% is recommended and the minimum balance needed is $100 to $500 as the approach is not risky and has low drawdown. The vendor also recommends using the demo version first before trying the real trading account.
Dynamic Pro Scalper Trading Strategy Tests
As the name implies, this EA uses the scalping approach. Additionally, the latest version of the system uses the Additional Trades system. As per this new addition, the FX robot has improved performance. The settings ensure that the issues faced during the Asian session like high spread brokers and unsuitable trading conditions are taken care of. This is possible as the new edition can work as a Grid, recovery, and a combo of Grid and Martingale when needed.
Backtesting results are present on the official site. Here is a screenshot of the backtesting report:
From the above strategy tester report, we can see a modeling quality of 89.98% is used which is not sufficient to know about important details like the commission, slippage, etc. A timeframe of 15 minutes is used for this test done on the EURCAD pair from 2000 up to 2019. For a deposit of 10000, the total net profit is 288032.78 and the profit factor is 2.55. A drawdown of 3.96% is present for this backtest. The profits are considerable but as this test is based on historical data, it cannot predict a similar result in the future performance of the EA.
What About Dynamic Pro Scalper Real Trading Results?
We could only find a demo USD account using the ICMarkets broker and leverage of 1:500 provided by the vendor.
From the screenshot of the demo account results, we can see the total and absolute profit values are similar at 16.96%. A drawdown value of 13.18% is present with the daily and monthly profits being 0.03% and 0.85% respectively. For the live demo account that started in January 2020, a deposit of $3000 has resulted in a balance of $3,508.
Profitability of 56% and a profit factor of 1.08 are present for this account which has completed 1741 trades so far. The lot sizes used vary between .07 and 0.08. From the results, we can see that although the drawdown is low, the profits are not high as claimed by the vendor. Further, the high lot sizes indicate a risky approach.
We could not find feedback from users of this EA on reputed sites like Forexpeacearmy, Trustpilot, etc. This shows that this ATS is not a popular system despite its low price and profitability claims.
Dynamic Pro Scalper Review SummaryDynamic Pro Scalper
Functionality3/5 NeutralInsufficient explanation of the working of the system.
Trading strategy2/5 BadHigh-risk trading approaches like Martingale and Grid used, besides scalping.
Live results3/5 NeutralOnly live demo account results are present, which do not help in a complete evaluation.
Customer support3/5 NeutralAn online contact form is the sole support method the vendor provides.
User reviews1/5 AwfullyNo user reviews are present for this FX EA on reputed sites like Forexpeacearmy.
- Fully automated software
- Verified trading results
- High-risk approach used
- No real account trading results
- No vendor transparency