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Elite Forex Scalper Review

November 27, 2020 by Forex Winner Leave a Comment

Elite Forex Scalper

Elite Forex Scalper is a trading advisor to scalp little profits on two currency pairs. The devs informed us that there’s a significant OFF to the $499 price.

Detailed Forex Robot Review

The robot has many useful for trading features:

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  • The EA trades automatically, without the need for people intervention.
  • It should work on the MetaTrader 4 platform only.
  • The robot has a mix of almost all scary strategies: Scalping, Grid, Hedging, and Martingale.
  • There’s a risk protection feature that saves our account.
  • The system allows us to put emotions aside from trading.
  • The EA will get free updates and upgrades.
  • We can receive free and knowledgeable support.
  • It works with almost any broker.
  • The robot requires leverage to be set at 1:500.
  • The minimum deposit requirements are up to $500.
  • The standard requirements are from $3000.
  • A VPS service is a good option for the EA to execute quickly.
Elite Forex Scalper presentation

The vendor uses manipulations like this. Simulation and Real-time have the opposite meaning.

Elite Forex Scalper Strategy Tests

The devs didn’t provide backtest reports, having decided that real trading results will be enough for us to make the right decision.

Real Account Trading Results

Elite Forex Scalper Real Account Trading Results

The company has a wall of accounts. 

Elite Forex Scalper Myfxbook

Let’s take a look at an active one. It’s a real USD account on FBS. The EA works with 1:500 leverage on MT4. Track Record is Verified. The account was created on December 01, 2019. Since then, the absolute gain has become +114.48%. We can see that in the first period, the EA works with insane risks.

Elite Forex Scalper advanced statistics

The robot closed 6059 trades with little pips (5790.4). An average win is 17.62 pips when an average loss is -40.60 pips. The win-rates are 73% for Longs and 68% for Shorts.

Elite Forex Scalper trading results

The robot focuses on trading EUR/USD and GBP/USD. All profits were traded in the Longs direction, all losses in the Shorts direction. There’d be problems with strategy and the proper reading of the indicators.

Elite Forex Scalper trading results

The robot focuses on trading a European trading session.

Elite Forex Scalper trading results

Tuesday and Thursday are the most active days for trading.

Elite Forex Scalper trading results

The EA performs with the lowest possible risks.

Elite Forex Scalper trading results

We can see how the robot plays with Lot Sizes to recover after hedged losses.

Elite Forex Scalper monthly gain

The EA has various profitability this year.

Pricing

Elite Forex Scalper Pricing

To get the robot for free, we have to register on FBS (the first link) or XM (the second one) and deposit it at $3000.

Elite Forex Scalper account

We have to provide info to them to start using the EA.

Elite Forex Scalper Pricing

The free package includes only one live license. For 249.99, we’ll get one real and two demo licenses, access to files (?), support, broker free choice, no deposit restrictions. 

Customer Reviews

Elite Forex Scalper Customer Reviews
Elite Forex Scalper Customer Reviews

People testimonials were introduced as screenshots of the chats. We couldn’t find additional feedback on the web.

Review Summary

Elite Forex Scalper is as scary as a stolen car. It performs scalping with hedging, grid, and martingale at the same time.

An average win is over two times fewer than an average loss. With an around 70% win-rate, it can be a one-way-ticket. We insist you stay away from it, for your best.

Advantages
Real-account trading results
Good Profit Factor
Disadvantages
There’s a mix of Grid, Martingale, Hedge strategies
No settings explanations provided
No team revealed
No backtests provided
Real account has a huge lack of transparency
Fake people feedback
No account on TrustPilot nor Forex Peace Army created
3

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