Is Punisher Scalper EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
Table of Contents
About Punisher Scalper EA
Punisher Scalper EA is a forex robot available on MQL5 website. The developer of the EA is Hemza Barour from Algeria.
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According to the vendor, the system can be purchased at the rate of $399 with the next price up to $500.
Punisher Scalper EA claims to give advantage in the financial market with its expert strategy. Here, the system uses an advanced search and breakdown mechanism for local extrema and trades with Stop Losses only.
Punisher Scalper EA: Reasons to Avoid this Expert Advisor
Firstly, Punisher Scalper EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues of the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are few customer reviews on MQL5 where the product is sold, which sounds too good to be true.
Further, the vendor fails to provide back test result on the Expert Advisor to show us how the forex robot performed before its released.
Lastly, vendor’s refusal to test the trading strategy on a real account rather than a demo account.
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Accounts
Free Trial
Projects
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Punisher Scalper EA Trading Strategy
Punisher Scalper EA uses breakout strategy. The vendor uses no grid nor martingale or any other risky strategies.
Also, the system operates on EUR/USD, USD/JPY, GBP/USD, and XAU/USD currency pairs. As for the time frame, M30.
Punisher Scalper EA Trading Results
According to the verified result on myfxbook April 25, 2021, the EA traded on demo USD Punisher Scalper EA V2; MT4. The account had a deposit of $100 with a monthly gains of 196.71% and drawdown of 53.29%.
Also, the account closed 575 trades with an average win of 27.64 pips and an average loss of -5.22 pips.
Conclusion: Is Punisher Scalper EA a Reliable Forex Robot?
Punisher Scalper EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.