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- Trading Robots
- Metatrader 5
- Scalping EA
- EA Speed Price Scalper MT5
EA Speed Price Scalper MT5
Easy Rating: 0/0
MQL Rating: 18/5
Type:
Live
Leverage:
100
Deposit:
2816$
Balance:
2945.35$
Profit:
129.35$
Withdrawal:
0$
Update: 11 Nov 2024
12000
4387.2
Live
FusionMarkets-Live
21 Nov 2024, 03:24
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Overview
EA Speed Price Scalper MT5 is a scalping EA designed to operate during the Asian session, focusing on the EURGBP pair. It employs a 5-pip take profit strategy and dual stoploss methods to manage risk. However, despite its seemingly robust technical setup, the EA has received a rating of 1.8 and numerous negative reviews from users. Complaints include over-optimized backtests, non-functional real accounts, and overall poor performance. At a price of $70, it may seem like a bargain, but the reality is that it falls short in delivering consistent results. For traders looking for reliable scalping EAs, alternatives like ‘Five Pips Scalper for MT5’, ‘Rollover Scalper EA MT5’, ‘Dragon Gold MT5’, and ‘Index Scalping Pro’ offer better performance and have garnered more positive feedback from users. Before investing in EA Speed Price Scalper MT5, it’s crucial to consider these factors and explore other options.
Is EA Speed Price Scalper MT5 Worth Your Investment? 🤔
With a rating of 1.8 and numerous user complaints, EA Speed Price Scalper MT5 raises serious concerns about its reliability. User reviews frequently mention that the backtesting results are highly misleading. For instance, Benjamin Sanchez Parra pointed out that the EA is over-optimized for backtesting, showing promising results in demo accounts but failing miserably in real accounts . Another user, Canberk Dogan Denizli, labeled it a “fake EA” after experiencing poor performance despite the complex mathematical calculations it supposedly employs .
The EA Speed Price Scalper MT5 is designed to operate during the Asian session, focusing on the EURGBP pair. It uses a 5-pip take profit strategy and dual stoploss methods. While these features sound promising, the real-world application has been disappointing. Shibu1234 noted that the EA shows huge profits in demo accounts but fails to take any trades in real accounts, suggesting it might be a scam . Additionally, Kubra Bektas expressed frustration over the EA’s inconsistency, stating that the results in the tests had nothing to do with the actual performance of the EA they received .
Given these issues, it’s crucial for potential buyers to approach EA Speed Price Scalper MT5 with caution. The backtesting results may look attractive, but the real-world performance and user feedback tell a different story. For those considering this EA, it might be wise to explore other options or demand a real account performance proof from the author before making any investment. 🚫💸
Comparing EA Speed Price Scalper MT5 with Other Scalping Robots 📊
When comparing EA Speed Price Scalper MT5 to other scalping robots like ‘Five Pips Scalper for MT5’ and ‘Rollover Scalper EA MT5’, several key differences and similarities emerge. EA Speed Price Scalper MT5 focuses on the EURGBP pair during the Asian session, utilizing a 5-pip take profit strategy and dual stoploss methods. However, user reviews highlight significant reliability issues, with many traders reporting poor real-world performance despite promising backtests. In contrast, ‘Five Pips Scalper for MT5’ is optimized for the same pair and session but integrates the Trend Screener indicator for better market trend analysis and uses limit orders to minimize slippage.
‘Rollover Scalper EA MT5’ offers a more flexible and customizable approach, allowing traders to build their strategies using a variety of parameters. This EA is praised for its transparency and the availability of live signals, which provide real-time performance data. Unlike EA Speed Price Scalper MT5, ‘Rollover Scalper EA MT5’ does not rely on martingale or grid strategies, reducing the risk of significant drawdowns. Additionally, it supports both MT4 and MT5 versions, making it accessible for a broader range of traders.
For traders considering these options, it’s essential to weigh the pros and cons of each EA. While EA Speed Price Scalper MT5 may seem appealing due to its specific focus and low cost, its inconsistent performance and negative user feedback suggest that alternatives like ‘Five Pips Scalper for MT5’ and ‘Rollover Scalper EA MT5’ might offer more reliable and profitable trading experiences. 🌟📉
User Reviews: The Ugly Truth About EA Speed Price Scalper MT5 🗣️
User reviews paint a grim picture for EA Speed Price Scalper MT5. Benjamin Sanchez Parra pointed out that the EA is over-optimized for backtesting, showing promising results in demo accounts but failing miserably in real accounts. He specifically mentioned that in ICMarkets RAW, the EA did not function as expected, leading him to believe that the developer profits from selling over-optimized EAs designed only for backtesting and demo accounts. Similarly, Canberk Dogan Denizli labeled it a “fake EA” after experiencing poor performance despite the complex mathematical calculations it supposedly employs .
Shibu1234 echoed these sentiments, noting that while the EA shows huge profits in demo accounts, it fails to take any trades in real accounts, suggesting it might be a scam. Kubra Bektas also expressed frustration over the EA’s inconsistency, stating that the results in the tests had nothing to do with the actual performance of the EA they received. These reviews highlight the importance of real-world performance over backtesting results, emphasizing that potential buyers should be cautious and perhaps look for more reliable alternatives before investing in this EA. 🚫💸
Why EA Speed Price Scalper MT5 Might Not Be the Best Choice for Scalping ⚠️
Despite its attractive price point of $70, EA Speed Price Scalper MT5 falls short in delivering consistent results. One of the primary reasons for its poor performance is its over-optimization for backtesting. While the backtests show promising results, real-world application tells a different story. Users like Benjamin Sanchez Parra and Canberk Dogan Denizli have pointed out that the EA performs well in demo accounts but fails in live trading environments, leading to significant losses. This discrepancy suggests that the EA might be optimized only for historical data, which does not translate to actual market conditions.
Another critical issue is the EA’s reliance on complex mathematical calculations that do not necessarily lead to profitable trades. The EA is designed to operate during the Asian session, focusing on the EURGBP pair with a 5-pip take profit strategy and dual stoploss methods. However, this setup has proven ineffective in real-world trading. Users have reported that the EA fails to take trades in live accounts, and when it does, the results are far from satisfactory. Given these shortcomings, traders might want to consider other options that offer more reliable and consistent performance for their scalping strategy. 🚫📉
Recommendations for Traders: Alternatives to EA Speed Price Scalper MT5 🔄
If you’re looking for reliable scalping EAs, consider alternatives like ‘Dragon Gold MT5’ and ‘Index Scalping Pro’. These robots offer better performance and have garnered more positive feedback from users. Dragon Gold MT5 is a fully automated trading robot designed specifically for the XAUUSD pair. It boasts a smart entry system calculated by 19 different strategies and does not rely on dangerous methods like grid or martingale. The EA has successfully passed live testing and can be run on accounts as small as $100. Users appreciate its flexibility and the regular updates provided by the development team, making it a robust choice for scalping strategies.
Index Scalping Pro, on the other hand, focuses on daily support and resistance levels to execute trades. It uses a dynamic trailing stop loss to minimize risk and maximize profits, making it suitable for both prop firm challenges and regular trading accounts. The EA is designed to work on indices like DowJones (US30) and is praised for its transparency and consistent performance in real market conditions. With a minimum balance requirement of just $100 and a leverage of 1:20 or higher, it offers a low barrier to entry for traders looking to explore scalping strategies. Both of these alternatives provide a more reliable and user-friendly experience compared to EA Speed Price Scalper MT5, making them worthy of consideration for your trading needs. 📈💡
The Technical Breakdown: How EA Speed Price Scalper MT5 Operates 🛠️
EA Speed Price Scalper MT5 focuses on the EURGBP pair during the Asian session, leveraging the lower trading range typically observed during these hours. The EA employs a 5-pip take profit strategy, aiming to capture quick gains in the market’s consolidation zones. To manage risk, it uses dual stoploss methods: a protection stoploss set at 30 pips and a smart stoploss exit strategy that adapts to market conditions. This dynamic approach is designed to provide flexibility and effective risk management. However, the real-world application of these features has been less than satisfactory, with many users reporting inconsistent performance and significant losses.
One of the critical issues with EA Speed Price Scalper MT5 is its over-reliance on backtesting results, which do not translate well into live trading environments. While the technical setup sounds promising, the EA has struggled to deliver consistent profits in real-world conditions. Users have noted that the EA often fails to take trades in live accounts, and when it does, the results are far from the profitable outcomes seen in backtests. This discrepancy highlights the importance of robust, real-time performance over theoretical backtesting success. For traders considering this EA, it’s crucial to weigh these factors and perhaps look for more reliable alternatives that offer consistent results in live trading scenarios. 📉🔍
EA Speed Price Scalper MT5
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