Introduction
The Mastergold Scalper trading robot has garnered attention, but not all of it is positive. Based on user reviews and feedback, we can assess its effectiveness and reliability in real trading scenarios.Features Description
Mastergold Scalper claims a set of features aimed at maximizing trading efficiency. Key functionalities include:- Automated trading to capture short-term price movements.
- Scalping techniques designed to exploit small market fluctuations.
- Risk management settings, presumably to minimize losses.
- Customizable parameters for individual trader preferences.
Results Analysis
Let's look at the track record of the robot over the past year, particularly the user “genoma.” Initially, a backtest suggested a profit of 1.156,43, but real trading resulted in a loss of 89 USD. This is quite a gap. Subsequent updates claimed improvement with a reported 100% win rate in backtests, while real results showed a loss of 34 USD after 51 positions. It seems the backtest and real-world performance are playing a game of hide and seek—one where real trading keeps losing. Notably, a rating of 2 indicates that consensus is not in favor of this scalper.Pros and Cons
**Pros:**- Claims to have an automated trading approach that may appeal to less experienced traders.
- Scalping methodology could theoretically capture quick gains.
**Cons:**
- Significant discrepancies between backtested results and live trading performance.
- User reports suggest a troubling track record of losses.
- A 100% win rate in backtests is often a telltale sign of curve fitting rather than genuine effectiveness.
Mastergold Scalper Source Code
It's worth noting that we do not have access to the actual source code of Mastergold Scalper sold on MQL5. However, we can develop a code based on the descriptions available on the MQL5 site. The reliability of any code created this way is contingent upon the information provided by the original vendor.
Code:
You don't have permission to view the code content. Log in or register now.Download Mastergold Scalper and Discuss Your Experience
For those interested in the Mastergold Scalper, we encourage users to download the robot and share their experiences on the forum. If you have questions about the code or trading results, feel free to ask. Please remember that the EASY Trading Team does not sell the Mastergold Scalper; we merely created code based on its description.In conclusion, the Mastergold Scalper may look appealing at first glance, but a deeper dive reveals a myriad of issues. The gap between backtest results and real-world performance raises serious concerns about its reliability. Users are urged to proceed with caution and share their findings for the greater good of the trading community.