GerFX Review

GerFX Density Scalper

GerFX Density Scalper is an almost year-old robot that executes a scalping strategy. It was released by a company – Exler Consulting GmbH. The system received the final 3.6 update on August 11, 2021. 

GerFX Density Scalper at a glance

We have gathered the most important information in the table:

Price$140, $370, $700, $1250, and $2000
Trading PlatformsMT5
Currency PairsEURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, CHFJPY, (experimental: USDJPY, EURJPY, EURGBP, EURNZD, GBPAUD, NZDUSD, NZDCAD). 
StrategyScalping
TimeframeM5
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementNo

GerFX Density Scalper functionality

Let’s take a closer look at the robot’s details:

  • The system executes orders completely automatically. 
  • We have to contact the developer after purchasing to get proper settings files. 
  • We may test the strategy on the H1 time frame or higher. 
  • We have to trade live on the M5 time frame. 
  • Next, we see common warnings.
  • The system works with SL on every open order. 
  • “Night scalpers are dependent on good brokerage conditions, like low spread and slippage, which might be worse on large lot sizes.”
  • The system is available on both MT4 and MT5 versions. 
  • The devs say that the system is ‘similar to QuantFlow Scalper but optimized in a few ways to reduce slippage. For example, the entry logic was reduced to make the calculation faster, and the exit is done via take profit orders, which can even lead to positive slippage.’
  • We can customize many various parameters. 
  • It doesn’t use Martingale and Grid. 
  • We can work with EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, CHFJPY, (experimental: USDJPY, EURJPY, EURGBP, EURNZD, GBPAUD, NZDUSD, NZDCAD). 
  • There are some instructions in the blog. 
  • “If GMT auto settings are used, the EA will automatically try to detect the GMT offset.”
  • We have to use the system on a VPS service. 
  • We have to allow our requests for upcoming news. 
  • We have to test it with real spreads. 
  • We aren’t allowed to trade during important events. 
GerFX Density Scalper parameters
GerFX Density Scalper parameters
  • We have a list of parameters. 
  • We should set proper trading hours attentively. 
GerFX Density Scalper pricing
GerFX Density Scalper pricing

The system costs insane money – $2000. We can rent it for a month for $140. The three-month rent costs $370. The six-month rent costs $700. The annual rent costs $1250. The system can be downloaded for free for demo usage. 

GerFX Density Scalper trading strategy tests

GerFX Density Scalper backtest report
GerFX Density Scalper backtest report

The system was tested on the StrategyQuant platform. The profit factor was 2.76. The win rate was 84.02%. The maximum drawdown was 3.8%. The total profit has amounted to $59,967. The profit in pips was 76,292. 

What about GerFX Density Scalper live trading results

GerFX Density Scalper trading results
GerFX Density Scalper trading results

The robot has been running a real EUR account with 1:1 leverage on the Pepperstone broker. The platform is MT5. The account has a verified track record and verified trading privileges. It was created on January 12, 2021, and deposited at €154.34. Since then, the total gain has become 31.31%. An average monthly gain is 3.93%. The maximum drawdown was 2.18%. 

GerFX Density Scalper details
GerFX Density Scalper details

There were 336 orders traded. An average win is 4.07 pips when an average loss is -3.91 pips. The win rate for longs is 83% when for shorts it’s 79%. An average trade length is 44 minutes. The profit factor is 3.05. 

GerFX Density Scalper trading pairs
GerFX Density Scalper trading pairs

The most-traded symbol is EURUSD, with 72 orders. It’s the most profitable as well – €8.14. 

GerFX Density Scalper hourly activities
GerFX Density Scalper hourly activities

The system works during the night session only. 

GerFX Density Scalper daily activities
GerFX Density Scalper daily activities

The robot trades little on Thursday – 53 orders. 

GerFX Density Scalper risks
GerFX Density Scalper risks

The system works with low risks to the balance. 

GerFX Density Scalper closed orders
GerFX Density Scalper closed orders

The robot uses trailing take profit and hides SL levels. 

GerFX Density Scalper monthly results
GerFX Density Scalper monthly results

The robot closed all months in 2021 with profits. 

We would like to note

GerFX Density Scalper testimonials
GerFX Density Scalper testimonials

We have only positive testimonials about how the robot works on people’s accounts. 

GerFX Density Scalper Review Summary

GerFX Density Scalper
3 5 0 1
GerFX Density Scalper is a scalper that works during the night hours. The system cuts low profits from the market. The presentation doesn’t look welcoming and professional. The pricing is insane. It’s not a system for an average trader or investor.
GerFX Density Scalper is a scalper that works during the night hours. The system cuts low profits from the market. The presentation doesn’t look welcoming and professional. The pricing is insane. It’s not a system for an average trader or investor.
3/5
Total Score
  • Functionality
    4/5 Good
    The robot scalps at night.
  • Trading strategy
    3/5 Neutral
    Scalping allows making little profits.
  • Live results
    3/5 Neutral
    Trading results look good.
  • Customer support
    3/5 Neutral
    The developer is ready to answer all our questions.
  • User reviews
    2/5 Bad
    The system has a few people reviews.

The Good

  • Backtest reports provided
  • Real-account trading results provided

The Bad

  • Scalping strategy on the board
  • The system is so sensitive to market conditions
  • Insane pricing
  • Lack of customer testimonials
Total
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