AMD Scalper EA Review – A Powerful Scalping Expert Advisor
The AMD Scalper EA is a relatively new forex robot that specializes in scalping trading strategies. Released in late 2022, it has quickly gained popularity among forex traders for its reliable performance and easy-to-use interface.
In this comprehensive review, we will analyze the key features of the AMD Scalper EA, assess its strengths and weaknesses, and determine if it is worth purchasing.
Overview of the AMD Scalper EA
The AMD Scalper EA is designed specifically for scalping on the 1 minute (M1) and 5 minute (M5) timeframes. It utilizes an innovative artificial intelligence algorithm to identify high-probability entries and exits.
Some of the main features include:
- Advanced algorithm optimized for scalping
- Works on all major currency pairs
- Fully automated trading with no manual intervention needed
- Built-in risk management and money management
- Suitable for ECN/STP brokers with low spreads
- Easy installation and setup process
The developer of the EA claims that it can generate reliable profits of 5-15% per month with proper risk management. However, as with any forex robot, past performance does not guarantee future results.
Backtesting Performance
Extensive backtesting is essential to evaluate any expert advisor before committing real capital. The developer of the AMD Scalper EA has published detailed backtests for the EURUSD and GBPUSD currency pairs from 2019 to 2022.
The posted results are impressive, with a balance growth of over 800% on EURUSD in just 3 years. Maximum drawdown is moderate at 18.3%. Key metrics are summarized below:
EURUSD Backtest (2019-2022):
- Total net profit: $20,340
- Balance growth: 821%
- Max drawdown: 18.3%
GBPUSD Backtest (2019-2022):
- Total net profit: $8,250
- Balance growth: 331%
- Max drawdown: 12.7%
These results demonstrate that the AMD Scalper EA has the potential to generate sizeable profits on the M1 and M5 timeframes when backtested. However, the real challenge is repeating this performance in live trading conditions.
Live Performance
Live trading results are essential to gauge whether an EA can maintain its edge in real market conditions. At the time of writing, there are a handful of MyFXBook verified accounts tracking the live performance of the AMD Scalper EA.
The best performing account shows a gain of nearly 30% in about 3 months of trading. This translates to impressive annualized returns of over 100%. While the sample size is still small, it adds credibility to the backtests.
It’s also encouraging to see moderate drawdowns across most accounts, indicating solid risk management protocols are in place. The table below summarizes the stats:
Account 1
- Gain: 29.7%
- Drawdown: 7.3%
- Start Date: October 2022
Account 2
- Gain: 18.2%
- Drawdown: 11.1%
- Start Date: September 2022
Account 3
- Gain: 12.5%
- Drawdown: 5.1%
- Start Date: November 2022
The early live results are certainly promising. However, traders need to exercise caution, as this performance can deteriorate rapidly in changing market conditions. At least 6-12 months of live tracking is recommended before drawing definitive conclusions about any EA.
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Trading Strategy
The AMD Scalper EA uses an intraday scalping strategy optimized for the M1 and M5 timeframes.
It applies both trend following and mean reversion techniques to capitalize on short-term inefficiencies in the forex market. The EA has built-in algorithms that can rapidly detect trend reversals and momentum shifts.
Entry orders are placed intelligently based on the current market context. Profit targets and stops are kept tight to capture small intraday moves. No risky techniques like martingale or grid trading are utilized.
The EA monitors price action, volatility, and other factors to adjust position sizes dynamically. This allows efficient capital compounding during profitable periods while minimizing risk during choppy markets.
Overall, the trading approach aligns nicely to scalping market conditions prevalent on short-term charts. The strategy relies on quality over quantity, with selective trade placement being key.
Installation and Setup
The AMD Scalper EA works seamlessly with the MetaTrader4 platform. Installation involves just attaching the EA file to a chart in MT4. No coding skills or modifications are necessary.
Traders do need to set up a few key inputs in the EA parameters to match their account size, risk tolerance and broker configuration. Helpful information is provided on appropriate values for most settings.
The developer recommends using an ECN/STP broker with tight spreads, fast execution, and no restrictions on scalping or expert advisors. Some regulated brokers that meet these criteria include IC Markets, Pepperstone, and Forex.com.
A minimum account balance of $500 is suggested, but positive results may still be achievable with $200+ accounts. Leverage requirements are moderate at 1:100 to 1:500.
The EA is equipped to run fully automated without any supervision. You can literally “set and forget” the trading system. This makes it appealing to traders without much time to actively monitor positions.
Customer Support
The AMD Scalper EA developer (ForexGeeks) offers exceptional customer support through a dedicated Discord community with over 2000 members.
Active community moderators promptly answer questions about the EA’s features, settings, brokers, troubleshooting problems, and more. It’s reassuring to see the developers investing in building relationships with clients.
ForexGeeks also provides frequent updates to the EA based on user feedback. This ensures issues are addressed proactively and new functionalities are added to improve performance.
Overall, the helpful support staff and community backing give confidence in the reliability of this trading software.
Pricing
At the time of writing this review, the AMD Scalper EA is available for a competitive price of $199.
Considering the artificial intelligence capabilities powering this advanced scalping robot, I believe this cost is reasonable. The developer does warn that the price could potentially increase for new buyers, as is often the case with popular EAs.
Purchasing through the secure payment gateway gives lifetime access to the software, updates, and support channels. No recurring fees or additional costs are payable.
There is also a 60-day money back guarantee, allowing adequate risk-free testing before deciding to continue with the full license.
AMD Scalper EA Pros and Cons
Here is a summary of the main advantages and potential disadvantages of the AMD Scalper EA:
Pros
- Proven scalping strategy optimized for short-term charts
- Outstanding backtest and live trading results so far
- Innovative artificial intelligence for predictive analysis
- Strong risk protocols to preserve capital
- Intuitive interface and ease of use
- Great customer service and helpful community
Cons
- Limited trading history as a relatively new EA
- Requires fast ECN/STP brokers to maximize performance
- Scalping conditions don’t always persist long-term
- Installation support for MT5 still in development
AMD Scalper EA Verdict
The AMD Scalper EA checks off many boxes that traders look for in identifying a promising forex robot.
The data-driven AI algorithm and robust backtesting statistics set a solid foundation. Encouraging live account tracking in recent months adds further validation.
Sensible risk management, quality support, and an active community also increase confidence in long-term viability.
For traders seeking an intelligent expert advisor specifically built for scalping strategies, the AMD Scalper EA should rank highly on their shortlist.
The early evidence indicates it can be a valuable addition for short-term traders, complementing manual analysis or enhancing existing systems. As with any EA, protecting capital through prudent money management remains imperative.
Overall, I believe the AMD Scalper EA merits consideration for traders aiming to tap into the profit potential of intraday scalping techniques in the forex space.