Evening Scalper Pro It only works on MT4 and MT5 platforms. The backtests as well as live trading results can be accessed via a hyperlink. To manage risk, the bot claims to use a stop loss and a marketplace order for each trade. They recommend trading EURUSD on the M5 timeframe. The review below will provide a deeper understanding of the system and help you to understand why it’s worth your time, money and effort.
Evening Scalper ProTo trust or to not trust?
Evening Scalper Pro The system only provides live results for a limited time, which makes it difficult to evaluate its performance. Furthermore, the developer is not transparent about the system’s strategy, which raises concerns.
These features are available to the robot:
- This app tracks daily price movements in 8 currency pairs.
- This EA is FIFO-compatible.
- Auto GMT detection is available on the sysyem.
- It will require a hedge account.
Follow these steps to get the service running.
- Buy the robot from MQL5 to download the files
- Open the MT4 and MT5 platforms on your PC
- Drag and attach the EA files to the appropriate charts section
- Click the Auto Trading button
According to the developer, the robot is unable to trade EURNZD/EURAUD, AUDNZD/AUDNZD from a single chart. It employs cross-currency correlation and the mean reversion method.
From MQL5 history we see that the EA can use limits orders to enter the market. It can be inferred from incurring swaps that it holds trades overnight.
This bot can be purchased for 799 USD. PayPal, Visa and MasterCard are all accepted payment methods. Information about a money back guarantee or a manual is not available.
Screenshots of backtesting records can be found from 2007 through 2022. These records cover 8 symbols. The initial deposit was $300.00. This became a total profit of $24 691 906.18. The relative drawdown is 13.53%.
The profit factor was 3.36 with a recovery factor 11.12. The bot executed 3016 transactions, 19.69% of which were losing trades.
Live trading results for the AUD currency pair are available starting in 2022.03.27. Since then, the robot has been involved in 962 trades. The robot’s maximum drawdown value was 18.2%. It also lost 22.58% in trades during this time. A deposit of 50.00 Australian dollars has yielded a profit of 12.64 Australian dollars. The robot’s profit factor is 1.32. This is just enough to avoid larger drawdowns. The robot’s average profit is 1.10 AUD and its average loss is 2.85 AUD. This indicates poor chances of winning.
For us to observe the drawdown protection measures, the bot has not been online for too long. As of now, there are only 63 trades. It will take more time to arrive at a solid conclusion about drawdown management and live performance.
Valeriia Miishchenko is behind the sale Evening Scalper Pro. With a rating of 4.7 stars on MQL5, she is located in Russia. Her profile has 6 products, 18 signals and 232 subscribers. This indicates that she has never held a job and has zero market experience.
MQL5 offers a live chat feature that allows customers to reach the vendor. Additional information such as email address, company location, or contact number are not required.
Evening Scalper This system is expensive and uses a mean-reversion strategy. It can be risky if momentum moves in one direction. The lack of detailed statements for backtesting records and the short life span of live records is not convincing.