How good is a new robot called Scope Forex EA?

Today our robot to review is Scope Forex EA. Scope Forex EA is based on a set of complex algorithms that work on EUR/USD and GBP/USD currency pairs.

The list of robot’s features:

  • Low-risk trading.
  • Broker protection system.
  • Fully-automated trading solution.
  • MT4 trading.
  • Several hundred dollars to start trading.
  • MT4 trading solution.

So, that’s all we know about the robot. It’s not so much.

Scope Forex EA trading performance

Scope Forex EA trading resultsThe devs didn’t provide any backtests. We’ve got a real USD account. It was funded at $4500. 

Scope Forex EA trading resultsDuring over than one month the total return equaled +116.5%. The monthly return is high and equals +71.7%. Win-rate is almost 62%. The profit factor is 2.17. EA performs about 5 trades in a day.

Scope Forex EA trading resultsThe average trade length is over 27 hours. The average win is higher (+$77) than the average loss (-$57).

Scope Forex EA trading resultsTrading GBP/USD the EA made three times more profit than on EUR/USD.

Scope Forex EA trading resultsThe most common direction is Buying, but the most profitable Selling.

Scope Forex EA trading resultsScope trades vary depending on the week. 

Scope Forex EA trading resultsMost of the deals performed during the European trading session.

Pricing

Scope Forex EA PricingThere are three similar packages that vary only by numbers of real licenses. For $100, we’ll get 2 ones. For $130, it’ll be 3 ones. 4 ones cost $160.

The list of other services looks like that:

  • Free support.
  • Free updates.
  • Simple installation.
  • 30-day money-back guarantee.
  • 7-day free trial.

Conclusion

Pros

  • Real account trading results.
  • Low risks trading.
  • High “profit factor”.
  • Good profitability.
  • Good frequency of trading.
  • 30-day money-back guarantee.
  • 7-day free trial.

Cons

  • No strategy explanations provided
  • No backtests provided.
  • Two symbols to work with.
  • The EA is too young.
  • No people feedback provided

It looks like this robot is a good one. It trades often with a solid profit factor. The most favorite hours to trade are European session ones. Nevertheless, this EA is so young, so, we can’t say for sure it’s a great option. The devs did a step forward and provide a 7-day free trial, as well as, a 30-day money-back guarantee.