In this post I will be reviewing the Max Scalper forex robot. This forex robot has made some huge gains on a real live trading account verified by MyFxBook. It is rare to find a scalping system that works but Max Scalper is performing excellent so far with the live account up almost 1,500% so far and that is in less than 1 year trading. The average monthly gain is at the 30% mark which again is very impressive along with a 70% win rate. This backs up the developers claims of 71% returns in 7,000 trades. It must be said however that recent performance has slowed down a bit but overall it is still in positive equity and based on previous trading history will likely pick up again soon.
Max Scalper Trading Strategy
The Max Scalper forex robot does not use any high risk grid, martingale or hedging strategies. Each trades takes advantage of the volatility of the forex markets during specific hours of the day and aims for winning trade on average of 6-7 pips. Partly the reason this forex robot is so profitable is that it trades very frequently and accurately, thus those 6-7 pip build up to thousands of pips – even more so if compounding the lot size (increasing lots as account grows). The trading strategy implemented is a combination of volatility analysis and standard deviation channels which identify very accurate scalping trades with a high win percentage. It is low risk with a favourable risk to reward ratio which ensures that it generates consistent and high profits. This system will work best on an ECN broker with competitive spreads and fast execution.
Max Scalper Back Testing
The Max Scalper website does show some back tests but the modelling quality is only 25% and real spreads and real commissions were not used. Therefore I can conclude that the best way to judge its performance is by the live results verified by MyFxBook.
Max Scalper Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Max Scalper Summary
Max Scalper is a fully automated forex trading system that is compatible with the free MetaTrader 4 platform. As with any fully automated forex trading system, you do not need to do anything other than download it and install it which takes about 5 minutes. After that you just leave it to run and make you money on auto-pilot. There is also a 60 day money back guarantee if you are not satisfied with its performance – although going by the live results showing 1,500% gains so far I cannot see how anyone wouldn’t be! All this despite the Max Scalper hitting a rough patch overall it is still up over 1,300%. The fact it has performed well for a sustained period of time suggests it will continue to do so and the developer provides full support and updates as and when required.