GerFX Density Scalper is a night scalper that uses the mean reversion method for higher returns and reduced losses. The developer of this system is Paul Exler, from Germany. He has more than 5 years of experience in developing FX products. As per the developer, Paul Exler, this system is identical to the QuantFlow Scalper with a few optimizations done to minimize slippage. This ATS works on multiple currency pairs. The author mentions that this trading tool does not use the Grid or the Martingale methods and instead has an SL for each trading position. 

GerFX: characteristics

Features of GerFX Density Scalper.

Some of the main features that the developer reveals about this EA are:

  • This is a scalper that works during the quiet hours of the day.
  • A 16-year backtest with a maximum drawdown of $35 to $50 for a 0.01 lot is present.
  • A reduced entry logic enables faster calculation and execution.
  • The exit of trades is done through TP orders which can result in positive slippage.

As you can see there is not much info provided for the FX robot. The developer however provides a list of general settings and time settings for using the robot.

Currency Pairs, strategy & timeframe

It works on multiple currency pairs as shown below:

Currency pairs used by GerFX Density Scalper.

The ATS uses the M5 time frame for live trading and H1 or higher for backtests. This FX EA is a night scalping system that uses a mean reversion method. While the developer does not elaborate the strategy, there is a warning that any flash crashes or unexpected news can result in big losses. Hence the strategy is used with an SL, but the execution relies on the broker. Further, a broker with low slippage and spread is required for good returns. 

GerFX trading performance

Backtesting data forGerFX Density Scalper.

The developer does not provide a detailed backtesting report for this FX EA. Instead, the backtests for various scalping systems are present as shown in the table above. From the data, we can see the FX EA had been optimized in backtests from 2003 with a maximum drawdown of $50 for a lot size of 0.01. The profit factor value is 2.76 and the return to drawdown ratio is 187. While the results look good, as the developer states, past performance is not a guarantee for future profitability.

A real EUR account using the Pepperstone broker and leverage of 1:1 on the MT5 platform is present for this EA. The myfxbook verified account is shown below:

Growth curve of GerFX Density Scalper.
Advanced stats for GerFX Density Scalper.

From the above stats, we can see the system has generated a profit of 31.96% and an absolute profit of 33.63%. A daily and monthly profit of 0.08% and 2.45% are present. The drawdown for the account is 2.78%. For a deposit of €159.23, a profit of €45.31 is generated since the account started in January 2021. A total of 448 trades have been executed with 78% profitability and a profit factor of 2.33

Monthly gain chart.

From the results, we can see the profits are not high and the growth has reduced in the past couple of months.

How much does it cost?

To buy this FX robot, you have to pay $2000. Rental packages are present that include 1-, 3-, 6- and 12-months rentals costing $140, $370, $700, and $1250 respectively. There is no info on the features available with the package. We could not find a refund offer for the package. When compared to other night scalpers, the price is exorbitant. From the lack of info on the features, functionality, and low profits in real trading, we find the product is not worth the money.

Reviews from customers

Unfortunately, there are no user reviews for this FX EA on reputed third-party sites like FPA, Trustpilot, etc. There are a few reviews on the MQL5 site. But since the site promotes the product, there is a high chance of the testimonials being manipulated.

Should You Use GerFX Robot?

ProsCons
A fully automated systemStrategy explanation is vague
Myfxbook verified resultsLow profits in real trading
Expensively priced

Our evaluation reveals that this expert advisor provides verified proof of performance. The developer also shares info on the successful backtesting. However, there are downsides like the exorbitant pricing, low profits in live trading, and the lack of a money-back guarantee that you need to consider.

Conclusion

GerFX Density Scalper claims to use a safe trading approach that results in consistent returns. While the backtesting results and live trading show a low drawdown, the profits are not very high. The product is overpriced and does not have a refund policy. Further, the developer does not provide a proper explanation of the approach used.