I've bought and currently running it on my VPS and trying it out with 0.01 lot per live trade. So let me share with you guys my experience.
Pros,
- This is a semi EA indicator, pop up window to alert you and just one click to open trade with fixed stop lost.
- It works only on 1M and 5M chart and using 5M chart to trade seems more profitable.
- Gives alert to you when price direction changes (Scalping Indicator) and prompt you to open trade and it will be valid only for 5 minute before the window to click trade closes (Scalping Assistant).
- Gives you 3 take profit choice to decide. 1. Exit at 1-5 stars lvl, 2. Exit at 30pips profit, 3. Exit at opposite signal (my preferred choice)
- Run the scalping indicator on your VPS and link to your phone so you will not miss the signal easily.
- Another that is sold separately is called 'Scalping Assistant' Which help a lot in term of getting into trade fast but you have to pay additional.
Cons,
- The screenshot chart they advertise profiting from both direction its not going to work as 70% of the time the market is choppy, so don't be fooled by it. And at a later stage they will recommend you to only trade with reference to the trend on higher time frame.
- The usual motivational word they use to convince you to buy the indicator saying you can quit your job is bullshit, at least this is how i feel.
- It was $147 USD at first but only after buying it you will realize they will try to sell you another one which is call 'Scalping assistant' cost $100 USD. That's where i felt so cheated but i bought it anyway.
- If you want to buy just the detector itself, i'd rather you trade it manually by using 5M chart(to trade) and 30min chart(100MA for trend) + Stoch/MACD overbought/sold signal(for entry) which pretty much works the same and save your money.
Have been getting in and out of trade with this for 2 weeks, overall result was a positive with around 23 winning trade and 63 losing trade. Barely survived after one losing streak, a few positive position saved it back.
$250USD for this, if i were to decide again i think i would probably find a good performer, pay and copy their trade or find a good EA in the MT4 market and let it run.
I'll post the statement result soon at least 1 to 2mth results.