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DynaScalp is a profitable and powerful Forex trading robot developed by LeapFX. According to the vendor, the EA will find and execute the best trade to make stable gains with a low-risk approach. It can trade on multiple currency pairs on the M15 chart.
The algorithm is user-friendly and uses news filters. Read our full review to analyze the characteristics of the expert advisor.
DynaScalp strategies and tests
The expert advisor doesn’t use grid or martingale strategies; instead, it uses asset weight management and a plug-and-play system with SL and TP with all its orders. There is a news filter to avoid trading during volatile market conditions.
From the history of Myfxbook, we can observe that the algorithm implements averaging techniques on multiple currency pairs. It is a night scalper opening most of the positions towards the end of the New York session.
The developers of DynaScalp provided the backtesting records of ten years for the AUDCAD currency pair on the M15 timeframe. The developer deposited the initial amount of $1000, where the algorithm gained a net profit of $6504.25. The backtesting records were tested in every tick model with 99.90% quality.
The drawdown value was shown as 44.49%, and the profit factor was 1.69. The system placed 1460 trades, out of which 1044 were profitable.
The average consecutive wins were 4 which brought in $69.76 while the losses stood at 1 at $1235.02.
Live trading account review
Live trading stats and records from Myfxbook are available on their official website. The algorithm started working on 30.06.2020 when the developer funded their account with $1,325.77. The algorithm data exhibits a total gain of 884.36%, with a drawdown value of 17.31%. It took part in 4,623 trades with a winning rate of 72%.
The best value trade was $35.0, and the worst at -$40.47. The average win was 3.91 pips, while the average loss was -4.79 pips. The sharp ratio was 0.13, with a profit factor of 1.64.
Price
DynaScalp comes with two pricing packages: a lifetime premium membership and a yearly subscription, which costs the traders $247 and $397. The developer is offering a 30-days money-back guarantee along with the purchase. The robot’s price is pretty average compared to other options available in the market. The EA doesn’t come with any rental options.
Is DynaScalp a good system to rely on?
DynaScalp is a Forex solution produced by LeapFX, a US-based company known for its powerful trading EAs. Some of their renowned products are Automic Trader, Funnel Trader 2.0, AX Trader, The Fund Trader, Easy Money X-Ray Robot, Trade Explorer, Bounce Trader, The Skilled Trader, and Gold Trader. Traders can contact the service provider by using their official email.
There are no trader reviews on Trustpilot, Forexpeacearmy, Quora, etc., about DynaScalp. 14 comments with a rating of 4.1/5 are present on Trustpilot for LeapFX company. One of the buyers stated that it’s perfect and has made 100% profit.
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