Complete Scalper was uploaded by Pavel Yakovlev to the MQL5 marketplace under the category of Experts. It was first uploaded on the 10th of March 2017, it has had a number of updates and was more recently updated on the 25th of August 2017 and is currently at version 1.18.
Complete Scalper is an expert advisor that has been created for the MetaTrader 4 trading platform, its main method of trading is to combine a number of strategies including Yogi EA, Scalper GBP, and Cross Scalper. The EA does not perform hedging, martingale, grid, arbitrage or any other strategy like that.
Some advantages of using the expert advisor:
- Trading strategy for two new pairs – USDCHF and USDCAD.
- High-risk diversification. The EA can work on 11 currency pairs, which allows reducing the risks in the long term.
- It is a good deal. You get three Expert Advisors and two new pairs for trading at an affordable price.
There are a number of parameters that can be altered, these include things like commentary, magic numbers, pairs to use, whether to trade on Fridays, timeshift, stop losses, take profits, news filters, closing time, fixed lots, risk factor, and more.
There are also some recommendations from the developer:
Currency pairs: EURAUD, AUDCAD, EURCAD, EURCHF, EURGBP, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCAD and USDCHF.
Account type: for best results, use an account with market execution of orders and low spread.
Risk: specified in the “Risk level” parameter. It can be changed by the user.
Complete Scalper can be purchased for $199 which will allow you to activate the EA up to 10 times. It can also be rented for a period of three months which will cost you $10 for that three month period.
There is a free demo available, there is no information about the limitations of the free version, however, we believe that it may only be used within the strategy tester of MetaTrader 4.
There are five user reviews for Complete Scalper, they have given the EA an overall rating of 3.5 out of 5.
“The EA works well on Pepperstone ECN and RoboFX ECN, you just have to be patient as it’s not an instant profit making machine and there will be some stop loses, but give it time and a few months is enough to see that ii does actually work and make good money (as the backtests show). I use a medium/conservative money management risk on all pairs. I’ve just extended my rent to evaluate over another 3 months as it’s going well so far on both accounts. This is a very good long term profitable night scalping EA. A+” – A 5-star review.
“2018 April 2: Seller is not available. Questions are not answered. Up to now only loser trades. 1 star, 2018 May 6: Seller is still not available. Some winners, some losers. Overall small profit. 2 stars, 2018 June 29: no profit“ – A 1-star review.
There is a mix of reviews, the main downside seems to be the lack of support, looking at the comment section, it seems that the developer has not been responding to them either which is a little concerning to see. For those that the EA works, it seems to be working well, but if you come across any issues it seems that it can be quite hard to get any support. We would advise that you try and contact the creator before purchasing, as you need to know that they are around should anything go wrong.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/21607