Alpha Scalper Pro MT5

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$15
EX5
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It is built with somewhat aggressive strategies, blending high trade frequency, profit targeting, and risk “recovery” techniques. Its design is intended for people who are seeking profit in fast markets (especially gold/XAUUSD) with higher leverage but willing to accept certain risks.

Feature Description / How It Works
Scalping Style Makes many small trades, trying to capture quick price movements. The faster trades are often on short timeframes (M1, M5, sometimes up to M15). 
Currency Pairs Primarily optimized for XAUUSD (Gold); some versions also support major forex pairs like EURUSD and GBPUSD. 
Martingale / Recovery System Uses a “managed” or “controlled” Martingale style lot progression to try to recover losses. This means if a trade loses, subsequent trades may increase in size according to a set pattern to try and recover earlier losses. Vendor descriptions often warn about this needing careful risk control.
RSI Filtering / Entry Conditions The EA often uses RSI overbought/oversold levels as filters so that it only enters trades when price is believed to be “ext

Risks, Trade-offs, & Things to Be Careful With

Even with all the advertised positives, there are serious risks and caveats:

  1. Martingale Risk

    • Martingale increases exposure after losses. If there are consecutive losses, exposure (lot size, risk) can grow quickly and cause large drawdowns or even account blow-ups.

    • Many vendor descriptions mention that drawdowns in real/live conditions can be high. 

  2. Broker Requirements

    • It needs low spread, good execution (low latency/slippage). On brokers with high spreads or over weekends/news times, performance may suffer.

    • ECN / RAW / low-spread brokers are commonly recommended. 

  3. Capital Requirement vs Drawdown Tolerance

    • Even though minimum deposits are claimed (sometimes $20-$50), to handle Martingale and possible drawdown safely, a more substantial capital base is often required.

    • Users must be ready for periods of loss, and the emotional / financial consequences.

  4. Overfitting / Short-Term Claims

    • Many “400% gains” claims are over short periods, or under ideal conditions. Past results especially from backtests may not translate to future.

    • Some vendors are optimistic about win rates or low drawdowns; actual live trading could differ.

  5. Monitoring & Maintenance

    • Although automated, EAs with aggressive or Martingale-based recovery often require periodic supervision: ensuring your broker conditions haven’t changed, adjusting settings, stopping during news events, etc.

Suggested Best Practices If Using This EA

If you decide to try Alpha Scalper Pro MT5, these practices help manage risk and improve chances of success:

  • First test on demo account with the exact broker you want to use, so you see real execution, spread, slippage.

  • Use conservative settings first: small lot sizes, mild Martingale steps, lower profit targets.

  • Choose pairs with good liquidity and low spread (like Gold/XAUUSD if that’s what vendor recommends).

  • Use news filters / time-filters to avoid trading during major economic announcements or when spreads widen.

  • Apply drawdown protection: either manual or via settings like limiting the maximum exposure, profit target per day, or shutting down EA after a loss threshold.

  • If possible, run the EA on VPS with stable connection so there are minimal delays/hiccups.

reme” (i.e. possibly ready to reverse). This helps reduce noise and avoid bad entries. 
Lot Sizing & Customization Users can adjust starting lot size, risk settings, progression of Martingale (how much lot increases), and pip-step between trades in the Martingale sequence. Some versions allow fixed lots or variable (percentage of account) lots. 
Profit Target & Trade Exit Logic Each trade has its profit target. Some versions allow trailing stop or profit locking. Also some have session or global profit targets to stop trading once a given profit is reached. 
Risk / Drawdown The EA claims moderate to high returns, with significant risk of drawdowns. Vendors often quote drawdowns in the order of ≈20-40% in some trading scenarios. Users are warned to use it with capital they can afford to risk. 

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