Sodobe Scalper is an expert advisor that scalps profits from the FX market. The presentation informs us about how the system and how it should work on our account. It should have been written better, but this one is not the worst.
Is investing in Sodobe Scalper a good decision?
We don’t think so. The system trades unpredictably. We’d like to wait for updates and check its trading results in half a year or so.
Company profile
Nguyen Van Cho is a developer from Viet Nam. There’s a single product in his portfolio. His products have a rating based on 2 customer reviews.
Main features
The presentation includes some details, settings explanations, and features.
- We can expect to revive from it automatic trading on our terminal.
- We have a “Scalping solution provided by top 5% world Professional Traders, verified for 20 years.”
- We can set the risks we can bear.
- The advisor is not a scam trading solution.
- It has never zeroed accounts before. It’s hard to check.
- It should be used on Gold with default settings.
- The price will be increasing until $90 monthly and $900 for a lifetime license.
- The time frame to trade is M1.
- An average trade length is 45 minutes.
- It can work with low drawdowns.
- It was tested on the ten years of tick data.
- An average trade frequency is 12 deals monthly.
- The profit factor is 1.49.
- The approximate win rate is 68%.
- The spreads can be up to 20 pips.
- We should use suggested brokers: Exness, LiteForex, IC Markets.
- The leverage can be 1:100 or higher.
- We should use the system on a $100 account.
Price
The price was increased from $490 to $590. The rent was going higher as well. We can subscribe for $150 for three months. The annual subscription remains the same, $290. A demo copy of the system is available for free, as usual.
Trading results
There’s a Gold-based backtest report. The time frame was the lowest – M1. The data period was 21 months. We have modeling quality at 99.90% with 125-pip spreads. An initial deposit was $100 that has turned into $124.98 of the total net profit. The profit factor was 1.96. The maximum drawdown was acceptably low, 8.49%. Sodobe Scalper executed 142 orders. The win rate was 69% for shorts and 70% for longs.
The advisor executes orders on a $114 real account on Exness. The maximum deposit load is 46.4%. The absolute growth became 18.47%.
The latest trade occurred two days ago. An average trade frequency is six deals weekly. The common trade length is 59 minutes.
The chart shows that the robot works completely unpredictable.
After many losses occurred in a short period, the developer withdrew the account.
The advisor has traded 36 deals. The best trade was $52.95 when the worst trade was a bit lower -$34.19. The recovery factor is 0.68 when the profit factor is 1.46. An average monthly growth is 6.00%.
It’s impossible how many warnings it received for the last two months.
People feedback
There are only positive comments on MQL5. They look fake.
Summing up
Sodobe Scalper is a trading advisor that executes a scalping strategy. Trading results showed that the system is simply dangerous. The developer kept no money on the account, withdrawing 90% of it. We are sure that we have to stay aside from it.
