Wave Scalper (Leapfx.com) is an automated Forex Trading System that was developed and marketed by the famous LeapFX group. The aim of the team behind this trading system is to double or triple the account balance of traders who use them, with very low risk attached. Today we will be reviewing Wave Scalper to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal provider to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Wave Scalper EA Review
Wave Scalper was developed by the LeapFX team. LeapFx on their website lay claim to having more than 20 forex robots in their arsenal, with notable names such as Arbitron, Jet Trader Pro, News Action trader, Econ Power, etc.
The website claims that this EA is, capable of delivering a profit of 100%, 400%, and 700%.
There are three main aspects that the vendor has highlighted. Wave Scalper EA provides proof of multiple live trading accounts, a massive 10-year trading history, and an innovative scalping technology. They have been quite clear of the fact that Wave Scalper does not use any dangerous martingale or grid strategies.
How Wave Scalper EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and the MT5 Platform, it works on these currency pairs: USD/JPY, GBP/USD,GBP/AUD, GBP/NZD, GBP/CAD, XAU/USD
The information on the website says that Wave Scalper uses strategy based on the principles of the Elliot Wave Theory. This theory describes price movement in the financial markets and is based on recurring fractal wave patterns. It consists of impulse and corrective waves.
Wave Scalper basically is built for scalping impulse waves that trade intro trend direction, which has a higher success rate. According to the sales page, this system is perfected after extensive historical testing on several live accounts, to maintain safe risk ratios for continuous profit generation.
Wave Scalper Price
The Wave Scalper is available in two packages. The one-year membership package is priced at $297, while the lifetime membership package is available for $497
Customer Support
They provide a contact form and three different social media accounts.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
The Wave Scalper seems to be an EA that was carefully developed with historical testing so as to maintain to safe risk ratios according to the website. After going through all the other aspects, it seems Wave Scalper can be an effective trading system to use.
However because of the lack of positive reviews from the trading community, coupled with the potentially high price, we won’t be recommending the use of this EA today.
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