Forex Robot ReviewsPassive Income

Gold Scalper Pro Review: Is It Wise to Hand Your Trading Over to This EA?

3 Mins read
5.6

Gold Scalper Pro is an expert advisor that works with Gold. The devs insist: “GOLD Scalper PRO is One of The Most Successful Expert Advisors for trading on GOLD(XAUUSD).” Let’s check it out. 

Gold Scalper Pro company profile

FXAutomater is a pretty known company on the market. This doesn’t mean that all their products are good by default. 

The highlights of Gold Scalper Pro

Gold Scalper Pro features
Gold Scalper Pro features

We have much information about the robot and how it functions. For this purpose, we have prepared a list of the core features. 

  • The advisor works with deals on the market completely automatically. 
  • It doesn’t work with strategies that can set our account at higher risk: Cost Averaging, Arbitrage, Grid, or Martingale. 
  • There’s a “strong, pure, and simple trading logic.”
  • The advisor follows trends scalping profits. 
  • It covers our orders with SL and TP levels. 
  • It knows how to decrease drawdowns. 
  • The test was performed on a large period of data – 14 years. 
  • There’s a news filter applied. 
  • We have broker protection implemented either. 
  • The system has a well-designed exit-logic. 
  • We can enjoy Email and Push Notifications. 
  • The Friday Exit System allows us to close orders before Monday opening. 
  • There’s high spread and high slippage protection. 
  • Trading is possible on MT4 and MT5 terminals. 
  • We should start working with $1000 on the account. 
  • The risks can vary from 2% to 10%.  
Gold Scalper Pro settings
Gold Scalper Pro settings
  • We can check all available settings. 
  • The robot can be used on Mac or PC. 

Trading results with Gold Scalper Pro

Gold Scalper Pro backtest report
Gold Scalper Pro backtest report

The developers provide tests of Gold. It’s XAUUSD on M15. The data period was 3 years. The modeling quality was 99.90% with variable (real) 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%. The system has performed 243 deals with the win rate of 80% for short and 78% for long trading positions. 

Gold Scalper Pro trading results
Gold Scalper Pro trading results

We have a robot running on IC Markets on a demo account. It works with orders automatically with 1:500 leverage on MT4. The account has a verified track record. It was created on August 29, 2019, and funded at $1,000. Since then, the absolute gain has become 63.07%. An average monthly gain is 1.69%. The maximum drawdown is 8.87%. Trading results are tracked by 36 investors and traders. 

Gold Scalper Pro statistics
Gold Scalper Pro statistics

It has performed 255 deals with 19,219 pips. An average win is 219.80 pips when an average loss is -749.42 pips. An average trade length is 4 hours and 42 minutes. The profit factor is 1.73. It’s the average number for a paid advisor. 

Gold Scalper Pro directions
Gold Scalper Pro directions

The advisor prefers trading the short direction over the long one. 

Gold Scalper Pro hourly activities
Gold Scalper Pro hourly activities

It opens orders at night and a bit at the beginning of the European trading session. 

Gold Scalper Pro daily activities
Gold Scalper Pro daily activities

The advisor opens trades almost equally during a week. 

Gold Scalper Pro risks
Gold Scalper Pro risks

The risks are moderated. The system has to lose only 7 orders to lose 10% of the balance. 

Gold Scalper Pro closed orders
Gold Scalper Pro closed orders

The robot doesn’t use Martingale and hides TP levels from the broker. 

Gold Scalper Pro monthly profits
Gold Scalper Pro monthly profits

January 2022 looks like a profitable month so far. 

Gold Scalper Pro packages

Gold Scalper Pro pricing details
Gold Scalper Pro pricing details

The devs have decided to increase pricing from $97 to $159. We don’t know the real reason for this. The original price remains the same – $269. We have the following feature in the pack: a single real account and three demo accounts licenses, 24/7 support and a 60-day money-back guarantee. 

Gold Scalper Pro details
Gold Scalper Pro details

The devs provided us with the package information once again. 

Assistance

FXAutomater gives solid and useful support. They usually answer within 3-6 hours. 

Other notes

A page of FXAutomater  on FPA
A page of FXAutomater on FPA

There is a FXAutomater’s profile on Forex Peace Army deployed. Unfortunately, there’s only one review written. 

People testimonials
People testimonials

This review was written by a guest. It’s unclear what EA he has bought. 

Is Gold Scalper Pro a reliable system?

We don’t know if the system will work well in 2022. 

Gold Scalper Pro Summary

5.6
Gold Scalper Pro is a trading solution that provides little profits from trading Gold. The growth chart doesn’t look smooth and predictable. We aren’t sure if the system is safe for our account. We’d like to wait 3-4 months to figure this out.
7.0

Performance statistics

1.0

Reviews from customers

7.0

Ease of use

6.0

Implemented strategies

7.0

Pricing

Pros

  • +A backtest report provided
  • +Trading results shown
  • +A list of settings shared
  • +A 60-day refund policy applied

Cons

  • -No team revealed
  • -No money management advice provided
  • -The trading results could have been better
  • -We have no testimonials about this system written
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