Best Free Scalper Pro v1.9 Review

99.99% Modeling Quality Tick Data Backtests

EURCHF - 1999 to 2019 - Risk: Fixed Lots

Backtest Summery View Full Backtest

GBPUSD - 1999 to 2019 - Risk: Fixed Lots

Backtest Summery View Full Backtest

GBPUSD - 2015 to 2019 - Risk: Auto MM

Backtest Summery View Full Backtest

EURUSD - 1999 to 2019 - Risk: Fixed Lots

Backtest Summery View Full Backtest

EURAUD - 2004 to 2019 - Risk: Fixed Lots

Backtest Summery View Full Backtest

USDJPY - 1999 to 2019 - Risk: Fixed Lots

Backtest Summery View Full Backtest

Trading Strategy

Best Free Scalper PRO is the professional paid version of the free EA – Best Free Smart Scalper EA. FxAutomater - the developers of both EAs - have integrated many new additional features and systems in the PRO version in to tune and improve its overall performance.

• Simple trading logic.
• ATR based algorithm.
• 18-year back test performance.
• Multiple currency pairs support.
• Advanced News Filter.
• Volatility filter.
• New and improved exit logic.
• Email and Push Notification system.
• Friday Exit System.
• Grid System (optional).

FxAutomater, the EA developers provides a separate set file for each recommended currency pair, so that there are optimized settings for each currency pair, and thus, no one size fits all, while its default settings are optimized for GBPUSD. It's more comfortable and assuring to have a trading strategy that can trade on multiple trading instruments with the same settings as this gives confidence in the strategy trading through its code rather than relying on something that may have been tailored to match historical data.

Improved Exit Logic

This is to minimize the drawdown thus increasing the system competence.

ATR Based Stop Loss Calculating Algorithm

This is a new option in the EA settings that works by harmonizing the stop loss levels with current market volatility, which in backtesting resulted in decreasing the drawdown and increasing the potential profit factor of this automated trading system.

Grid System

This is also newly added to try to decrease the Best Free Scalper PRO broker dependency. This is an optional setting and is disabled by default. If you want to consider using it you should understand how grid systems work first, this is outlined on the official Best Free Scalper PRO website by FxAutomater team.

grid trading strategy can be too risky for my trading style and honestly speaking, a good trading system, should not need to have a grid to try to compensate for its losing positions.

Money Management System

A built in system that enable the trader to set the required risk as a percentage then Best Free Scalper PRO will automatically calculate the lot size according this risk and the account free margin.

Advanced News Filter

This filter enables the trader to avoid trading during most important news and events, so that the profit factor of the system increases and the drawdown decreases. It is disabled by default and can be enabled from the EA settings.

Time Management System

This system enables the trader to precisely configure the robot to trade only during specific hours and to trade or not on certain week days.

Notification System

The robot can send email and push notifications about all its trading activity performed in the account and send email and push notifications to your mobile phone.

Summary

Finally we can conclude that the unique features integrated into Best Free Scalper PRO as the ATR dynamic money management and grid option refer to that much trading knowledge and programming skills are granted to the EA developer.

But this doesn't deny the fact that results of a Forex robot trading on a real money account are more assuring than those from a demo account especially if this Forex robot is a scalper which behavior can be greatly changed due to differences in the live trading conditions.

I type Forex robots is indefinitely spread, commission and slippage dependent, could be too risky and there are many safe alternative options rather than this EA in our forex robot reviews.

As mentioned before, the Best Free Scalper PRO package includes setup instructions guide, free lifetime support, free lifetime updates and a money back guarantee.