Gold Scalper Pro is a trading solution that was designed to trade Gold only. The developers are pretty known on Forex. They claimed that “GOLD Scalper PRO is One of The Most Successful Expert Advisors for trading on GOLD(XAUUSD).” So, let’s see what we’ve got.
The presentation includes plenty of information about the system and its functionality. We have gathered it in the following list.
- The system executes orders automatically.
- It doesn’t trade, using risky strategies such Cost Averaging, Arbitrage, Grid, or Martingale.
- The system has a “strong, pure, and simple trading logic.”
- It scalps following trends that are presented on the market.
- It places TP and SL levels for every order on the terminal.
- The drawdowns can be decreased.
- The testing was performed on 14 years of the data.
- We have a news filter feature that allows trading wherever we want.
- There’s a broker protection module applied.
- It has a solid exit logic.
- There are email and push notifications.
- The Friday exit system prevents keeping orders on the market over weekends and allows avoiding sharp market moves on Monday night.
- We have high spread and high slippage protection.
- We can work with it on MT4 and MT5.
- The lot size can be 0.01 per each $1000.
- We can work with various risks from 2% to 10% on every deal.
- The settings are introduced for us.
- It can be applied to Mac OS and Windows OS.
Trading strategies and currency pairs
- The advisor works with a combo of scalping and trend trading.
- The system can trade only Gold.
- We have no time frame mentioned.
The system was tested on XAUUSD on M15 based on 3 years of data. The modeling quality was 99.90% with variable spreads. An initial deposit was $5,000. The total net profit has amounted to $23,871. The profit factor was 2.50. The maximal drawdown was 10.50%. Gold Scalper Pro has executed 243 deals with the win rate of 80% for short and 78% for long trading directions.
Gold Scalper Pro trading statistics
It works only on a demo account on IC Markets automatically. The leverage was standard – 1:500. It receives data from MT4 indicators. The account has a verified track record. It was created on August 29, 2019, and deposited at $1,000. Since then, the total gain has become 61.61%. An average monthly gain is 1.67%. The maximum drawdown is 8.87%. We have 35 people who track this account.
Gold Scalper Pro has closed 253 deals with 18,866 pips. An average win is 220.20 pips when an average loss is -749.42 pips. The win rate is 88% for longs and 83% for shorts. An average trade length is 4 hours and 43 minutes. The profit factor is 1.71. It’s a bit higher than a common number of 1.6.
The advisor works equally with directions by profits.
Gold Scalper Pro trades with deep stop losses compared to closed orders’ take profit levels.
We may note that five months were lost in 2021.
Pricing and refund
The price was increased from $97 to $159. It includes a discount from the main price of $269. The package includes a single real account and three demo accounts licenses, 24/7 support and a 60-day money-back guarantee.
There are extra explanations of what the package includes.
What else you should know about Gold Scalper Pro
The system didn’t show stable performance in 2021, having lost five months. We don’t know how it will be trading in 2022.
There’s a page of FXAutomater on Forex Peace Army created. We could find a single review there.
Alas, it didn’t mention Gold Scalper Pro advisor.