Forex Germany

Expert Advisors - Best Scalper Forex Robot

Best Scalper is, as the name indicates, a scalper. Details about the trading strategy haven't been disclosed by the developers.

The EA provides a money management as well as the option to trade with a fixed lot size. The trading hours can be set manually, but it should be noted that the EA was developed for the Asian session. The developers recommend to deactivate the Expert Advisor if high-impact news releases are scheduled to be published during the trading window.

Based on the backtests, Best Scalper achieves a risk-reward-ratio of about 3:1 which - combined with a hit ratio of above 80% - can be considered a good value for a scalper. However, it should be noted that backtests tend to show exaggerated positive results for scalpers which usually cannot be achieved in live trading.

Given that a good broker with very low spreads is recommended for this EA the backtests have been conducted with a spread of 1.0 pips for EURUSD and 2.0 pips for GBPUSD.

A Monte-Carlo-Simulation, based on backtests (2009-2016), with a lot size of 0.20, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.

Pair Profit Drawdown Value at Risk
max min Ø max min Ø 95% 99%
All 16,597.24 10,893.56 13,878.33 25.15% 0.47% 2.42% 7.38% 11.28%
EURUSD 8,827.87 5,269.57 7,035.14 24.20% 0.69% 3.04% 7.67% 10.56%
GBPUSD 9,000.80 4,769.02 6,827.53 26.50% 0.77% 3.84% 9.62% 13.24%

Trading strategy

Scalper

Currency pairs

EURUSD, GBPUSD

Chart

M15

Trading hours

Asian sessions.
21:00 - 23:00 GMT

Price

Standard licence USD 399 | Singe licence USD 299.
Payment through PayPal.
Coupon for a 18% discount: CNNY

Return policy

The developers grant an unrestricted right to return within 30 days of purchase which will be paid back through PayPal. PayPal doesn't commit vendors to comply with any specific redemption terms, and therefore, a refund without the vendors' consent is usually not possible.

Licence

The licence is valid for two (standard licence) or one (single licence) live account and an unlimited number of demo accounts and includes support and upgrades. The licence can be managed in the members area of the developers' website.

Manual

A 6-pages manual explains the installation and set up of Best Scalper as well as the input parameters.

Links

Best Scalper Homepage

Live performance

The performance of Best Scalper is demonstrated, as follows, on an exclusive IC Markets Live account as well as on a live account of the developers.




Backtesting

Best Scalper backtests for the period 2009 - 2016 are shown below.


EURUSD, spread: 1.0 pips, risk: 20

Best Scalper - Backtesting EURUSD 2009 - 2016


EURUSD, spread: 1.0 pips, lots: 0.20

Best Scalper - Backtesting EURUSD 2009 - 2016


GBPUSD, spread: 2.0 pips, risk: 20

Best Scalper - Backtesting GBPUSD 2009 - 2016


GBPUSD, spread: 2.0 pips, lots: 0.20

Best Scalper - Backtesting GBPUSD 2009 - 2016
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