Forex Scalpino Robot Review

Forex ScalpinoThis expert advisor was invented following extensive research into the Forex market by a professional trader possessing over 13 years of trading experience. This tool is a sophisticated piece of software which you can activate by downloading it onto your own MT4 trading platform. One of the key features of this robot is its simplicity in design and operation.

For example, you will discover that the process of installation is especially simple enabling your new product to be actively trading the Forex market very quickly after optimizing a limited number of key parameters. The promotional material supporting the Forex Scalpino Robot claims that you will rapidly acquire enough confidence in its performance encouraging you to commence trading live by risking your own equity. The key features of this expert advisor are listed as follows:

  • Provides high performance efficiency especially with live trading accounts
  • The product is supported by free upgrades and lifetime support
  • Performs proficiently using any account type including standard, mini and micro
  • This robot has been devised to exploit even the fourth and fifth decimal places of the prices quoted for currency pairs
  • Performs equally well with any premier Forex broker, including ECNs
  • The design incorporates a powerful money management strategy that has been specifically devised to provide optimum protection for your trading capital from excessive levels of risk
  • This product generates a secure and stable trading environment
  • The Forex Scalpino produces consistent profit streams in both live and demo mode which can be readily verified by third parities
  •  This robot has never experienced a losing month
  • Generates a steady growth pattern characterized by minimal drawdowns

So, does the functionality of the Forex Scalpino Robot truly mirror all these outstanding attributes or will it be just another disappointment? The ensuing study is provided to help you attain a formulated verdict.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now presented in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

118

128

120

122

 

Short Positions (won)

117

127

119

121

Long Positions (won)

1

1

1

1

Profit Trades

112

122

114

116

 

Loss trades

2

12

4

6

 

Largest Profit

$2

$3

$4

$3

 

Largest Loss

$14

$24

$16

$18

 

Average Profit

$1

$1

$1

$1

 

Average Loss

$5

$15

$7

$9

 

Maximum Consecutive Wins

39

49

41

43

Maximum Consecutive Losses

3

1

5

3

Average Consecutive Wins

25

35

27

29

Average Consecutive Loss

2

3

1

2

 

Key Parameters

So, what do the above tests tell us? Is the Forex Scalpino Robot any good? For instance, will it make you money?  You can answer these queries by ascertaining its win-to-loss and reward-to-risk ratios together with its expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 95%

2.       Reward-to-Risk ratio = 0.11

3.       Expectancy Value = $0.50

The above results indicate that you can expect to record profits of $0.50 for every US Dollar you are prepared to place at risk by investing in the currency markets using the Forex Scalpino Robot.

User Comments

A thorough internet investigation did not unearth any serious negative comments or reviews about the Forex Scalpino Robot. However, no positive statements or recommendations were discovered either.

Verdict

Although this expert advisor generated moderately favorable performance parameters, there are some concerns about the quality of the results created. For example, the reward-to-risk (R/R) ratio is well below unity, which should make you instantly suspicious. This is because this paltry value counters the advantages of the outstanding win-to-loss (W/L) ratio of 95%.

The major impact of these figures if that the essentially important expectancy value (EV) slumps to post a very weak $0.50. Being in mind that the test data utilized to establish the performance parameters took a number of months to compile, the resultant EV will restrict the ability of the Forex Scalpino Robot from recording worthwhile profits in the future over identical periods. For example, difficult and unexpected market events could generate increased losses. However, if this product still appeals to you then you should consider implementing our recommended policy as you next step forward.

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