DynacScalp EA is provided by LeapFx who has multiple algorithms in the financial marketplace. The robot is beginner-friendly and has a built-in news filter that allows it to avoid volatile market conditions. Our article will discuss the live results of the EA and see if it’s profitable or not.
Dyna Scalp strategies and tests
After making a purchase, the developer sends over the ex4 file, which you have to place in the expert’s folder of your MetaTrader 4 directory. Then, enable the auto-trading from the panel and place the robot on the respective charts to begin trading.
The robot was created to work on multiple currency pairs. It uses a night scalping strategy and scans multiple instruments constantly. It uses a weight management system that automatically opens more trades for winning pairs and decreases for the losers. The robot closes all the positions before the weekend and uses a news filter to avoid major economic events. There are no martingale and grid strategies used.
The trading history on Myfxbook shows that the expert advisor uses a high stop loss of around 30 pips and a take profit of 1 pip. It holds trades for an average duration of 1 hour and 21 minutes.
The robot and the company have the following features:
- Fully automated trading with lifetime access
- 24/7 support with free updates
- Adaption to the market on auto mode
- It has a built-in news filter that allows the robot to avoid volatile and uncertain market conditions
- It closes all the trades on the same day to avoid the risk
- It does not use a risky martingale strategy
Backtesting results are available for multiple currency pairs which traders can download from the website. For EUR USD the results start from 2015.07.06 till 2021.05.26. The relative drawdown was around 22.50%. The winning rate was 68.91%, with a profit factor of about 1.55. The test was done on the 15 minutes chart with a starting balance of $1000. The robot tanked a net profit of $4064.70 during this period. There were 1335 trades in total. The best trade was $117.16, while the worst one was -$381.78.
Dyna Scalp Live Trading Account Review
Live account results are available on the FXBlue platform, which shows the performance from June 30, 2020, till the current date for medium risk. The system made an average monthly gain of 15.65% during the period, with a drawdown of 17.31%. The winning rate stood at 72%, with a profit factor of 1.69. The best trade was $8.35, while the worst was -$21.78. There were a total of 3148 trades with 58.38 lots traded. There were $545.7 7in deposits and $0 in withdrawals.
The robot is available with a yearly subscription for $249 or a one-time fee of $397. There is a 30-day money-back guarantee if you’re not satisfied.
Is the Dyna Scalp robot a scam?
There is no transparency of the whereabouts of the developer, which raises some red flags over the authenticity of the product. The EA uses a high stop loss which makes it a risky investment. The information available on the website is not enough to put it on the list of safe expert advisors.