DynaScalp is a trading solution that belongs to well-known company – LeapFX. The presentation focuses on the emotional side rather than on logic. The devs insisted that this “Software Will Find & Execute THE Most Profitable Trade Opportunities Daily With ZERO Effort On Your Part.” It’s time to figure out if this is true.
Is DynaScalp good?
It’s hard to tell for sure. Many brokers don’t like scalping advisors and can easily restrict the account.
Features of DynaScalp
It was a challenge to find intel about how the system works and what we have to expect from it.
- The advisor allows us to trade automatically on a terminal.
- It has to trade all the time when the market is open.
- It focuses on scalping at night. By default, it’s a stable strategy.
- The win rate should be high.
- Most of the orders are opened and closed at night.
- There’s a self-updated algorithm.
- We have a list of allowed cross pairs provided.
- That’s it. We have no extra intel that can be useful.
The offer looks familiar. Years go, the standard still hasn’t changed. The annual subscription is available for $247. The lifetime membership costs $397. The pack should include the best settings, free updates, customer support, best recommendations, and a 30-day money-back guarantee.
What strategy does DynaScalp use?
- The system works with a scalping strategy.
- We can trade 15 pairs.
- The time frame, according to the backtest, can be M15.
Backtesting vs live trading results
We have a backtest report provided. The devs decided to test AUDUSD on M15. The data period lasted six years. The modeling quality was 99.90% with variable spreads. It means the data was close to market conditions. An initial deposit was set at $1,000. The total net profit has become $984.07. The profit factor was 1.25. This FX EA has executed 1433 orders with 68% of accuracy for long and short trading positions.
The developers provide us with a Myfxbook widget. The advisor trades on the IC Markets account automatically with 1:500 leverage on MT4. The account has a verified track record and verified trading privileges. It was created on June 30, 2020 and deposited at A$1325.77. Since then, the absolute gain has become only 816.36%. An average monthly gain is 13.86%. The drawdown is 17.31%. Fifty-nine traders track the trading results.
The robot has executed 3916 orders with 6273.3 pips. An average win is 3.79 pips when an average loss is -4.11 pips. An average trade length is 1 hour and 20 minutes. The profit factor is 1.88. It’s not a bad number.
It works with many cross pairs at once. It should pressure a margin level if it opens several orders at once.
As was mentioned, it scalps only at night when the market is calm.
The advisor executes orders with low risk.
Anyway, the system loses many orders as we can see.
This year, all months were profitable.
The core team
LeapFX is a well-known company that has many products on the board. They release new ones from time to time.