Smart Scalper Pro can be found within the Experts section of the MQL5 marketplace. Created by Lachezar Krastev, it was first uploaded to the marketplace on the 26th of October 2018, it received its most recent update on the 8th of January 2019 and is currently at version 1.2.
Smart Scalper PRO is an expert advisor for the MetaTrader 4 (a MetaTrader 5 version is also available) trading platform, it is the professional version of another free scalper called BF Smart Scalper EA, it is a professional version as it has a number of added features. The main concept behind the EA is that it will enter the market in the direction of a large price impulse after a correction has been detected.
Some of the main features of the EA:
A strong, pure, and simple trading logic
24/5 trading, without any time restrictions – no GMT shift hassles
Reasonable TP and SL levels – plus new ATR based algorithm
Solid 18-year backtest performance
Multiple currency pairs support
Advanced News Filter
New, improved, highly effective exit logic
Advanced Time Management System
Email and Push Notification system
Friday Exit System
The EA can be used with the following pairs: GBPUSD, EURUSD, USDCHF, USDJPY, and USDCAD. There are also a number of different settings available, these include things like fixed lot sizes, magic numbers, slippage, max spreads, stealth mode, emergency stop distance, a Friday exit system, advanced time manager, news filters, notifications, and more.
The expert advisor can currently be purchased for $117, however, its usual price is $147. This is a one-off payment and will give you up to 5 activations with no added limitations. Unlike many expert advisors on the MQL5 marketplace, there is no option to rent the EA so purchasing it is the only option.
There is a free version available, the details of which are not shown on the site, this is often an indication the free version can only be used with the strategy tester within the MetaTrader 4 trading platform.
The users have currently left 12 reviews which have given the expert advisor an overall rating of 3.5 out of 5.
“I have thoroughly tested demo and live on RDP to Hostwinds, Amsterdam based VPS, over 5 months. All pairs with standard set files settings. All ended up in overall loss measured over the period of 5 months.” – A 1-star review.
“I have been testing the free version of this robot and I can say that the paid version is showing also very good results and it is really stable. I will continue using your EAs for sure!!! Thx” – A 5-star review.
“I have many loss for now , I will update my review when I find profits at least in one day. UPDATE: great support for Lachezar, I tried with a broker with low spread and I improve a lot, but it’s still not profitable, I’m going to switch to a demo account to test it better before using it in real” – A 3-star review.
So a wide range of opinions, some making profits, and others have losses. There are also over 100 comments, the developer of the EA has been replying to the majority of the comments which is a great sign to see and shows that if you were to purchase the EA you would be given the support that you need. We would still suggest sending the developer any queries that you have and trying out the free version, this way you can be sure that it is right for you before you make a purchase.