Scalp Pro Indicator promises steady profits in the Forex market and a win rate of 65%. According to the vendor, it generates 75% more profits compared to other indicators and can help you trade like a professional. Since many vendors make claims like these, we need to analyze the system independently in order to gauge its profitability.
Detailed Forex robot review
On the official website, we have a short introduction to the indicator, followed by a list of features and a video showing how it works. The vendor has also explained how you can combine this indicator with others and has provided the answers to some frequently asked questions. Finally, we have several screenshots of customer testimonials and some information on the parent company.
Scalp Pro Indicator is a product from the SinryAdvice team which has its headquarters in Malaysia. This company has teams spread out all over the world, but we have very little information about its service history. The vendor has shared contact information in the form of email, as well as the official address. We also have the links to the social media profiles on Instagram, Twitter, YouTube, and Facebook.
This is an indicator that generates trade signals based on price action. It provides automatic updates daily on support and resistance points. The vendor recommends using it with M15 charts. After purchasing the indicator, you need to add a couple of files to your chart. You can use it with three MA indicators that can be found on the MT4 platform.
For spotting a trading occasion, you need to monitor the Scalp Pro band inside which the current price moves when the price edges close to the lower or upper band. The Scalp Pro Zone indicator displays the support and resistance levels that allow you to find the trade entry and exit points. When the price reaches the sensitive and unfavorable pivot points or support and resistance zones, the vendor recommends making an exit.
You can use this indicator for all Forex pairs. You need to install it on a PC, but it can work on a mobile device with the screen share option.
Scalp Pro Indicator strategy tests
This indicator uses the scalping strategy in combination with three Simple Moving Average lines with periods of 200, 32, and 12. When the 12 EMA cuts the 32 EMA, it acts as a confirmation signal. The 200 EMA, on the other hand, tells you when not to trade. If the price is near this line, you should avoid trading. The further the distance of the price line from the 200 EMA, the more profitable is the trading opportunity.
EA vendors share backtesting results that reveal the historical performance of their systems. They test the strategy over several years, exposing it to different market conditions. Since this is an indicator and not an automated trading system, the vendor has not shared the backtesting data.
Live account trading results
On the official website, the vendor has shared a screenshot of a live trading account on Myfxbook. However, there is no account carrying this name on the website right now, so we can assume that the vendor has deleted it. Without verified trading statistics, there is no way we can assess the indicator’s profitability. Most traders would not risk investing in an indicator that is not supported by live results.
You can purchase Scalp Pro Indicator for the price of $39. This is pretty standard compared to the market average price for Forex indicators. As per vendor claims, the original price of the product is $60 and it is currently being sold at a discount. However, this seems like a tactic to draw in buyers. There is no money-back guarantee for this indicator, which makes it a risky investment.
We were unable to find any user reviews for Scalp Pro Indicator on third-party review websites. This tells us that the indicator does not have any reputation to speak of. It is not surprising that most traders are not willing to purchase an indicator for which there are no verified trading results.
Scalp Pro Indicator is a risky investment mainly because it lacks verified trading results. Also, the vendor does not offer a refund for the product, which means you can potentially lose a lot of money if you trade with this system. The lack of user reviews is yet another reason to avoid this indicator.