In this post I will review the Forex Jabrix Scalper Robot. This is a fully automated forex trading system that has been developed for the MetaTrader 4 platform. You will need the desktop version of the MT4 platform to run forex expert advisors but you can always check progress via the MT4 app. The MT4 platform is available as a free download from most online forex brokers. With so many brokers to choose from, I have compiled a list of my personal best forex brokers if you need some inspiration.
Although a forex robot can be a hands-off solution for those of you who might not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to consider. In this Forex Jabrix Scalper Robot review we will take a look the trading strategy that it uses along with the backtests and most importantly, any verified results. Hopefully this will help you to decide if the Forex Jabrix Scalper Robot is something that you would consider using on your forex trading account to help you reach your own individual trading goals.
Forex Jabrix Scalper Robot Trading Strategy
The Forex Jabrix Scalper Robot observes forex market price movements using dynamic algorithms in order to try and analyse for volatility and price movements in order to determine the right time to enter the markets. As an automated trading system, it will place and manage trades on behalf of the user but this can cause it to be a “rigid” trading strategy.
This automated strategy uses pending buy and sell orders to maintain one another’s orders. This can cause multiple trades to be open at once which can greatly increase risk exposure and may be considered s dangerous money management by many professional. It is imperative to ensure that you are clearly aware of the risks involved with trading online and perhaps only trade on a demo account to begin with until you have familiarised yourself and feel confident.
The developer states that the Forex Jabrix Scalper Robot can run simultaneously on the 5-minute chart timeframes of the EURUSD, GBPUSD, USDCAD & USDJPY currency pairs. They have also left some of the EA inputs external so you can adjust according to your own requirements if you wish to do so.
I would always look for the broker with the lowest spreads and commissions as this can help me to save on trading costs in the long term. Furthermore, ECN brokers can have quick trade execution speeds which could help to minimise slippage and get trades executed at the best available prices with minimal delay. This is especially important when using a forex scalping strategy such as that implemented by this forex expert advisor (EA).
IC Markets are one of my top forex brokers for running automated forex trading robots. This is because they are an ECN broker with lots of liquidity which means that you can trade with tight spreads, low commission fees and rapid trade execution speeds at the best available prices.
Forex Jabrix Scalper Robot Back Testing
Whilst there are multiple currency back tests on the Forex Jabrix Scalper Robot website, they only have a modelling quality of 90% and do not use real tick data, real spreads, real slippage and do not include commissions. Thus, I would not consider these back tests to be reliable personally and would much prefer the developer to display 99% modelling quality back tests that have been conducted in the MT4 strategy tester with Birts Tick Data Suite. Without any top quality backtest results, we cannot get an idea of how the Forex Jabrix Scalper Robot may have performed based on historical data which is disappointing. I think this is a vital aspect for a trader to consider when choosing any forex robot. Most of the top forex robots nowadays have 99% modelling quality tests, including the Forex Robotron EA.
Forex Jabrix Scalper Robot Live Results
If the lack of top quality Forex Jabrix Scalper Robot backtests wasn’t bad enough, the developer isn’t even sharing any real live verified accounts of the robot. Without them, we don’t have any idea of how good or bad this forex EA has been performing in the current market conditions which are constantly evolving. For this reason alone, I would consider looking at another trading robot such as the Forex Flex EA. They have 99% modelling quality backtests that are also backed up by verified results. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Jabrix Scalper Robot Summary
Overall, whilst I feel there is some potential with the Forex Jabrix Scalper EA, there are a few red flags for me. Mainly, I would like to see better quality backtests and real verified results. The Forex Jabrix Scalper Robot also looks to be very broker dependant in my humble opinion. I would think it would be very difficult to find a reliable forex broker who has spreads tight enough and commission low enough to run this EA. That being said, the developer has tried to account for this with some filters but the back tests are not using top modelling quality and there is not verified Myfxbook accounts. This means that we have no way to see how the Forex Jabrix Scalper EA has been performing in recent market conditions which have changed significantly since the account was last updated. I think there is plenty of room for improvement here.
The Forex Jabrix Scalper Robot includes instructions and support. I have tested many forex robots and there are alternative options you may consider. You could always try it on a demo account to see if the results live up to your expectations. Just keep in mind that demo trading account conditions can vary greatly from a real live trading environment. Otherwise, please feel free to browse my forex robot reviews for some alternative options.
Forex Jabrix Scalper Robot
$77
Pros
- Fully Automated Trading System
- Customisable Settings
- Detailed Instructions
- Full Support
- Free Updates
Cons
- MetaTrader 4 Only
- Limited Backtest Quality
- No Verified Results
- Broker Sensitive
- Requires Tight Spreads
- Requires Low Commission Fees
- Requires Low Slippage
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
