Titan Scalper EA Review – A Comprehensive Look at This Automated Trading Software
Titan Scalper EA is an automated trading system that utilizes a scalping strategy to trade the forex market. This review will provide a comprehensive look at the features, performance, and effectiveness of the Titan Scalper trading robot.
Overview of Titan Scalper EA
Titan Scalper EA is marketed as a fully automated expert advisor that uses a proprietary trading strategy to identify profitable trades. The developers claim that the EA scans the market continuously to find optimal trading conditions and takes trades based on its strategy.
Some of the key features highlighted by the developers include:
- Fully automated trading – requires no manual intervention
- Compatible with MetaTrader 4 and 5
- Uses a scalping strategy optimized for short-term trades
- Includes risk management features like stop loss
- Provides lifetime license and free updates
- 24/7 customer support via email
The EA is priced between $599 to $799 depending on the number of licenses purchased. It trades the major currency pairs including EUR/USD, GBP/USD, USD/CHF and EUR/CHF.
How Titan Scalper EA Works
According to the limited information provided, Titan Scalper EA uses a combination of technical indicators and price action analysis to identify trading opportunities.
The market scanner built into the EA continuously analyzes the charts to find optimal market conditions. It looks at factors like:
- Price trends
- Support and resistance levels
- Other technical indicators
When the scanner detects a potential trading opportunity, the EA opens a position based on the prevailing market direction.
Although the developers have not revealed the full logic behind the EA’s strategy, it seems to rely on scalping tactics to capture small profits from short-term market movements.
Claimed Advantages of Titan Scalper
The developers highlight the following benefits of using Titan Scalper EA:
- Profitable long-term performance – claims to have produced 500%+ gains in backtests
- Low drawdowns – maximum drawdown limited to around 5%
- Fully automated – no manual intervention needed after setup
- Flexible – works with any MetaTrader broker
- Risk management – built-in stop loss and take profit
- Free lifetime updates – always stays up to date
However, it is difficult to independently verify these claims without proper transparency of the EA’s trading strategy and real account results.
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Titan Scalper EA Pricing
Titan Scalper EA is available in three pricing tiers:
- Basic – $599 for 1 demo and 1 live account license
- Standard – $699 for 3 demo and 3 live account licenses
- Pro – $799 for 5 demo and 5 live account licenses
The pricing is quite high compared to other EAs in the market. The basic version itself starts at $599 which is significantly higher than the industry average.
For an EA with no verified track record, the high price tag seems difficult to justify. More transparency on real account results would help determine if the pricing matches the performance.
The developers have published limited backtest results from 2017 showing 500%+ gains in 9 months. However, the backtest data lacks important details like account size, specific pairs traded, drawdown etc.
Without proper disclosures, it is impossible to independently verify the accuracy of these backtests. The extremely high returns also seem unrealistic and raise doubts about potential curve-fitting.
Overall, the lack of transparency around backtesting makes it an unreliable indicator of real-world performance. More data is needed to properly evaluate the EA’s profitability.
Live Trading Results
The only verified live results available are from 2017 on a shady broker called AAFX. While the gains look impressive on paper, AAFX was exposed as a scam broker.
This casts serious doubt on the legitimacy of these results. There are no other verified accounts showing real-world performance.
The developers should provide recent live results from reputable brokers to establish credibility. As of now, there is no concrete proof that Titan Scalper can produce consistent profits in live trading.
Titan Scalper EA Reviews from Users
Very few independent user reviews are available for Titan Scalper EA. And the ones that exist don’t paint an encouraging picture:
- Complaints about lack of customer support
- Difficulty getting refunds
- Losses incurred on real accounts
The absence of positive reviews from real users again raises red flags about the EA’s profitability claims. Without proof, traders should remain skeptical.
More user testimonials with verified results would help determine if the EA can deliver on its promises. But the lack of transparency is concerning.
Final Verdict – Can You Trust Titan Scalper?
In summary, Titan Scalper EA lacks transparency on some critical aspects:
- No details on strategy logic or developer credentials
- Unverified backtests and unrealistic performance claims
- No recent verified live results available
- No positive reviews from actual users
The lack of proof backing its bold claims makes Titan Scalper EA a high-risk proposition for traders. There are too many red flags to recommend it without significant improvements in transparency.
Traders are better off choosing EAs with clearly detailed strategies, recent verified live results, and positive user reviews. Titan Scalper EA does not yet meet the standards for a trustworthy automated trading system.
Proceed with extreme caution if you still wish to try Titan Scalper. Start with a low-risk demo account and very small position sizes. Do not risk significant capital until the EA has proven itself with real results.