In this post I will be reviewing the Max Scalper forex robot. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Max Scalper Trading Strategy
The Max Scalper forex robot does not use any grid, martingale or hedging strategies. Each trades aim to take advantage of the volatility of the forex markets during specific hours of the day. The trading strategy implemented is a combination of volatility analysis and standard deviation channels which try to identify scalping trades.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
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 these are not worth analysing in detail.
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. There is also a 60 day money back guarantee if you are not satisfied with its performance.