Elite Forex Scalper is scalping software that was designed by an Elite Forex company. The presentation looks short, but there are many widgets from myfxbook and fx blue-verified accounts.

Elite Forex Scalper Characteristics

There’s a team of professionals who’s been working on the Forex market for over six years.

Elite Forex Scalper - brokers list

The devs promote several brokerage houses.

Elite Forex Scalper: Characteristics

Elite Forex Scalper: Characteristics
  • The robot executes the deal fully-automatically.
  • There’s a risk protection system that protects from large and long-term drawdowns.
Elite Forex Scalper: Characteristics
  • Elite Forex Scalper allows everyone to be profitable even without previous trading experience.
  • It works with most brokers.
  • It’s easy to set up EA.
  • The robot performs trade 24/5.
  • The minimum deposit to trade with 0.01 Lot Size should be $300-$500.
  • The recommended deposit is from $3000.
  • The optimal leverage should be from 1:500.
  • VPS is required to run the EA all time. 

Currency Pairs, Strategy & Timeframe

  • The EA is a mix of Scalping, Hedging, Grid, and conservative Martingale strategies.
  • It works on the M5 time frame.
  • It trades EURUSD, GBPUSD, XAUUSD.

Elite Forex Scalper Trading Performance

Elite Forex Scalper Trading Performance

There’s no backtest report, only info about how it was produced in MT4 based on the past data.

Elite Forex Scalper Trading Performance

From the video, we know that it was a EUR/USD test on the M5 time frame. An initial deposit was $1000. It became $14593.28 of the total net profit. The Profit Factor was 5.88. The robot could close 277 deals.

Elite Forex Scalper Myfxbook

The robot runs a real USD account on FBS automatically by using technical indicators in its trading. The leverage is 1:500. It works on the MetaTrader 4 platform. The account has a verified track record, but there’s still a lack of transparency. It’s not professional to sell something and cover intel from potential customers. The account was created on December 01, 2019. Since then, the absolute gain has become +130.63%. An average monthly gain is +6.94%. The maximum drawdown was not so high and amounted to -14.09%. 

Elite Forex Scalper trading results

The EA focuses on trading EUR/USD and GBP/USD. The SELL direction has brought only losses. EUR/USD has -636.5 pips of the profits. GBP/USD is a twice often traded symbol 4176 deals, and it’s profitable. Several deals on Gold have been closed with huge profits in pips – 5625.

Elite Forex Scalper trading results

Elite Forex Scalper trades mostly during a European trading session and just a bit of the midday of an American trading session.

Elite Forex Scalper trading results

The most-traded days are Tuesday and Thursday.

Elite Forex Scalper trading results

The EA works with little risk to the account balance.

Elite Forex Scalper trading results

The robot uses Grid increasing Lot Sizes (Martingale) at the same time. It’s an impossibly risky way to trade Grid.

Elite Forex Scalper monthly gain

2020’s profitability has its ups and downs from 13.43% monthly to 2.17%. 

How much does it cost?

Elite Forex Scalper Pricing

There are two ways to get the EA. The first one is for free.

Elite Forex Scalper

We have to register an account using their referral link and deposit it at at least $3000.

Elite Forex Scalper - register an account

After that, we have to fill the form and wait for approval trading on our real account.

Elite Forex Scalper price

The second way is to pay $249.99 for it instead of $499.99. The pack allows trading on one real and two demo accounts. There are EA’s files, user guides, videos, and lifetime access to support.

Reviews from customers

Elite Forex Scalper Reviews from customers

There’s no page of Elite Forex Scalper on Forex Peace Army, but there’s a page of Elite Forex on Trustpilot. Their rate is 4.8 from 5, based on 57 comments.

Elite Forex Scalper Reviews from customers

People are happy to use their services and products.

Should You Use Elite Forex Scalper?

ProsCons
Strategy is explainedNo team revealed
Real-account trading results providedNo backtests provided
Medium pricingRisky strategies on the board
It’s available for “free”Grid + Martingale at the same time is so risky
There are many positive testimonialsLack of real account transparency 
No money-back-guarantee provided

Conclusion

Elite Forex Scalper is a risky trading solution. There are several issues behind this. First, it uses Grid and Martingale at the same time. So, there are high chances that the Grid of orders will be closed with a huge loss because of different Lot Sizes. Second, the EA is not cheap to buy without a money-back guarantee. Third, as for EA that works for thirteen months, there is a huge lack of people feedback about its performance on the web.