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Top Scalper Review: Is It a Scam?

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Top Scalper

Top Scalper is an expert advisor with a ridiculously short presentation. It was released on MQL5 about a month ago, on July 03, 2021. People haven’t much tried the robot on demo accounts.

The presentation seems to be awkwardly short. We don’t know why the developer didn’t tell more about the advisor.

  • The system is an automatic trading solution. No extra effort is needed.
  • The robot mostly opens orders during the American trading session.
  • We are free to use any broker we want.
  • The system should be used on an ECN account.
  • The system places Stop Loss and Take Profit levels.
  • Stop Loss levels are always fixed.
  • The advisor doesn’t open orders if, on this day, one order is closed.
  • We have to manually customize the GMT Offset.
  • If we need, we may ask the dev for assistance.

Trading strategies and currency pairs

  • The robot uses a scalping strategy.
  • We can trade EUR/CAD only.
  • The only time frame is M15.

Top Scalper trading statistics

Top Scalper backtest report for EURCAD currency pair

Top Scalper backtest report for EURCAD currency pair

There’s a EURCAD report on the M15 time frame based on three years of data.  The broker was IC Markets. An initial deposit was $1000. It has turned into $1,146,846 of the profit. The leverage was standardized – 1:500. The system traded 644 orders. The win rate was 84,69% for shorts and 73,15% for longs.

Top Scalper trading results

Top Scalper trading results

We have an account that was removed after we took some screenshots of it. The system ran on a real $300 ECN account on RoboForex. The maximum drawdown was 13.1%. The accuracy rate was 33.3%. It means the system behind the advisor is damaged.  The total growth has become -5%.

Top Scalper growth chart

Top Scalper growth chart

The advisor couldn’t manage to survive.

Top Scalper trading results details

Top Scalper trading results details

The robot has traded 6 orders. The best trade was $10.29 when the worst trade was a bit higher -$15.05. An average trade frequency was 6 deals a week. An average trade length was 20 hours. The recovery factor was -0.54. The profit factor was 0.55. The average profitable order was $9.94 when an average losing order was -$8.99.

Top Scalper distribution details

Top Scalper distribution details

The advisor worked with a single cross pair, having traded the sell direction more frequently than the buy one. It has lost 188 pips.

Top Scalper drawdown chart

Top Scalper drawdown chart

The system has experienced extended periods of drawdowns.

Top Scalper warnings

Top Scalper warnings

The robot was warned from time to time.

Pricing and refund

Top Scalper pricing

Top Scalper pricing

Top Scalper pricing

Top Scalper pricing

As we may note, the system became more expensive. The current price is $450 instead of $350. We don’t know the reason for increasing it because the robot blew the real account. The offer has lost its rental option. We can still download the system for demo usage.

What else you should know about Top Scalper

Top Scalper developer’s profile

Top Scalper developer’s profile

Valerii Gabitv from Russia has a 14,949 rate. There are nine products in the portfolio. His products have a 4.1 rate based on 47 reviews. There are ten signal accounts with thirteen subscribers.

People feedback

Top Scalper people’s testimonials

Top Scalper people’s testimonials

The presentation includes many negative testimonials from real clients who paid for the system.

Top Scalper Conclusion

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Top Scalper is a scam solution that has blown not only an account where it was set to trade but also several people’s accounts. The developer, instead of fixing, has increased the price. It’s ridiculous. So, staying away from it is the best option.

  • Price - 2/10
  • Strategy - 2/10
  • Trading Results - 2/10
  • Vendor Transparency - 2/10
  • Customer Reviews - 2/10
  • Support - 2/10

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