Introduction
Flasher Scalper is a trading robot that has garnered various reviews and ratings from the trading community. The bot has been extensively backtested and is now being forward tested by users on live accounts. This review will provide an objective analysis of Flasher Scalper based on user feedback and compare it to one of our own products from the EASY series - EASY Scalperology. We'll discuss the strengths and weaknesses of each robot, optimal conditions for their use, and the transparency of the bot's source code.
Comparison with EASY Scalperology
EASY Scalperology is a scalping robot designed by the EASY Trading Team, optimized for multiple currency pairs and market conditions. Here's a detailed comparison between Flasher Scalper and EASY Scalperology:
Performance and Profitability:
- Flasher Scalper: Users like Jason Salomon Slabbers reported promising backtest results but found the live performance lacking. Mohamedshah noted that it performs reasonably on XAUUSD and well on GBPUSD, but still doesn't fully meet the backtest expectations.
- EASY Scalperology: Our clients have consistently reported reliable and profitable outcomes on both demo and live accounts. The bot is optimized for various pairs, providing more consistent results.
User Experience and Feedback:
- Flasher Scalper: Mixed feedback with ratings varying from 2 to 4, highlighting discrepancies between backtests and live performance.
- EASY Scalperology: Generally positive feedback with a high average rating. Users appreciate the transparency, detailed documentation, and support provided by the EASY Trading Team.
Reliability and Updates:
- Flasher Scalper: Users observed that it might need further optimization for live trading, which could indicate reliability issues.
- EASY Scalperology: Regular updates and continuous optimization ensure the bot stays relevant with market changes, enhancing its reliability.
Pros and Cons
Flasher Scalper
- Pros:
- Promising backtest results.
- Performs well on GBPUSD. - Cons:
- Inconsistency between backtests and live trading.
- Requires additional optimization for different pairs.
EASY Scalperology
- Pros:
- Consistent and profitable performance on both demo and live accounts.
- Regular updates and optimizations.
- Detailed documentation and excellent support. - Cons:
- May require initial setup and fine-tuning based on individual preferences.
Optimal Conditions for Use
Flasher Scalper appears to work best under specific conditions. Based on user feedback, it shows better performance with:
- GBPUSD pair.
- Default settings on XAUUSD, though not meeting backtest results.
- Careful forward testing on a demo account before live trading.
EASY Scalperology, by comparison, is optimized for multiple pairs and performs consistently across different market conditions, making it versatile for traders.
Source Code of Flasher Scalper
An important aspect to consider is the transparency of the trading robot's source code. For Flasher Scalper, the original code is proprietary, and we don't have access to it. However, based on the detailed descriptions available on the MQL5 marketplace, we can provide an example code that simulates the functionalities described.
For those interested, the EASY Trading Team offers a version of the Flasher Scalper code based on the information available on MQL5. This can help traders understand the logic behind the bot and potentially customize it to better suit their trading needs. If you have questions about the code, feel free to ask on easytradingforum.com.
Code:
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Ready to give Flasher Scalper a try? Visit our website to download the example code and join our forum to discuss its performance with fellow traders. The EASY Trading Team is here to support you in optimizing your trading strategies.