Scalping Bot by Profectus AI

Introduction

Welcome to our comprehensive review of the Scalping Bot by Profectus AI. In this article, we will delve into the intricacies of this trading bot, developed by Nico Schirrmacher. We will explore its settings, backtest reports, and user feedback to help you determine if this bot is the right fit for your trading needs.

What Is Scalping Bot by Profectus AI?

The Scalping Bot by Profectus AI is designed for small trading accounts and aims to capitalize on small price movements within a short time frame. This bot offers detailed settings that can be applied to your trading charts with best practices. Each setting is meticulously explained, providing a clear perspective on what the bot can achieve.

Performance and Backtesting

Comprehensive backtest reports accompany the bot, giving users an idea of its potential performance. However, it’s crucial to note that one user, MetHarlock75, reported relatively poor performance on the EURUSD H4 chart over one year, starting with $1000, achieving a total profit of just 94 cents. This raises questions about the default settings and overall effectiveness.

User Reviews

The Scalping Bot by Profectus AI has not garnered favorable reviews. With a rating of 1 from Sandeep1999, who stated, “Not good, Ignore this EA,” it’s evident that user satisfaction is low. Such feedback suggests that potential users should exercise caution and perhaps look for more reliable alternatives.

Cost and Accessibility

One of the appealing aspects of this trading bot is its cost—it’s free. The bot was first published on November 18, 2023, and has been downloaded multiple times. Despite its cost, the performance and user reviews indicate that free doesn’t always equate to value.

Reliability Assessment

Based on the available information and user reviews, the Scalping Bot by Profectus AI appears to have issues that need addressing. The negative feedback and poor performance in backtests suggest that this bot may not be the most reliable option for traders seeking consistent returns.

Helpful Tips for Potential Users

If you are still interested in exploring this bot, here are some tips:

• Thoroughly backtest the bot on a demo account before committing real funds.
• Experiment with different settings to find the most effective configuration.
• Stay updated with user reviews and forum discussions to learn from others’ experiences.

For more information and to observe the trading results, visit Forexroboteasy.com. You can also download sample source codes from easytradingforum.com.

Conclusion

While the Scalping Bot by Profectus AI offers an enticing proposition with its free cost and detailed settings, its reliability is questionable based on user reviews and backtest performance. Potential users should proceed with caution and consider alternative options that have demonstrated consistent success in the market.