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Strategy reviews

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Reviews of Currency Scalper

Currency Scalper

Buyer beware! There are no stops with this system. Some good trades of small profit, but it seems that if the trade doesn't become profitable, the vendor just lets it sit open. Currently there are 4 open trades totalling over $120,000. Can your account stand this drawdown? Mine can't! With open trades, the vendor didn't login on 2 consecutive Fridays (4/28 & 5/5). In fact a USDJPY trade had a $2000 profit that could have been taken had the vendor only logged in. With losses, the vendor's strategy is hope. If you want more evidence of unmonitored drawdown, look at the trades closed on 4/21.

Currency Scalper

There is a chance to follow the recommendations and to make some pips if the market is relatively quiet. However, I am a bit surprised that this obvioulsy 100% computerized system (ie no manual interference) does not catch some pips in a large market movements (either up or down). Actually under these circumstances this system did not react at all. Nevertheless as said: in "normal" market situations there is a chance to make these pips which are recommended.