The DynaScalp EA is an automated forex scalping robot that runs in the popular MetaTrader 4 (MT4) platform. Developed by the LeapFX team, this trading robot can scan your currency pair charts for trading signals. When it finds a valid opportunity according to the implemented trading algorithm, it will enter, manage and exit a position on behalf of the user. The software may also be set to semi-automated mode in which instance it will send a forex signal via email, SMS or a platform alert. You could then decide if you would like to manually place a trade or wait until the next signal. In this DynaScalp Review, we will take a look at the scalping strategy it uses, the key features and most importantly, the recent results.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Smart allocation system
- News filter
- 99% modelling quality backtests
- Scalping systems can be highly depenant on the broker you are using
- Myfxbook has not been updated for a while
- MetaTrader 4 only
- Requires very specific broker conditions
- Unexpected high volatility in the forex market can impact performance
- The trader has to be vigilant, especially during news releases and holidays
As the name rightly suggests, the DynaScalp EA utilises a forex scalping strategy. These types of trading strategies aim to gain a few pips from small market movements. For that reason, they can be highly susceptible to spreads, slippage and commission costs. We have seen the exact same scalping robots using the same settings give different results on different brokers. From our experience, scalping strategies perform best when the forex broker that they are running in have tight spreads, low commission fees and reliable trade execution speeds.
This particular scalping strategy is based on a theory known as asset weight management. This means that it will add more weight to the most relevant pairs of a specific time period, whilst reducing the weight of the less relevant. So, whilst the strategy may be performing well in some pairs, its participation in the overall portfolio increases in order to try and cover for the bad periods of other pairs. It is effectively a night scalping strategy that relies on needing a high win rate to try and benefit from the asset weight balance system.
By combining a night scalping strategy with the asset weight management system, the developers let the market control the weights of the pairs in the portfolio and thus the trading software and strategy is able to self-balance according to the current forex market conditions. It will initially set a starting asset participation point for all currency pairs traded, and then after that it will update it according to the result of each forex pair. Therefore, the pairs that are doing well have their participation increased, whilst those that are underperforming have their participation decreased.
In order for the DynaScalp expert advisor to be able to run correctly, you will need the MT4 desktop terminal up and running at all times. If this is not possible, you could take a look at purchasing a Forex VPS which can remotely run applications such as the MT4 platform 24/7 without needing your own machine switched on.
Now that we have covered the automated trading strategy that the DynaScalp robot uses, lets take a look at some of its key features.
Many forex traders will avoid trading around news releases as the market conditions can be more volatile than usual. They will use an economic calendar to keep track of the time and date of major news releases. Some may even manually switch of any forex robots they are running to avoid the news. The DynaScalp EA has a built-in news filter so that it can automatically avoid trading before and after certain news releases. This can be especially important for a forex scalping system that is highly dependant on low spreads and rapid execution speeds. It is quite common for spreads and slippage to increase during important forex market news.
The DynaScalp software has all of the money management features that you would expect from a forex robot. This includes stop loss, take profit and position size. You can use the default settings or adjust according to your own risk preferences. It is worth noting that this forex expert advisor does not use any potentially dangerous money management techniques such as martingale systems or grid trading.
Smart Allocation System
The DynaScalp EA uses a smart allocation system. Pared down for the retail industry, it basically automates and organizes in weighted order the currency pairs that are performing the best in specific market conditions.
No Weekend Trading
There can be big market gaps from when the forex market closes on Friday up until it reopens again after the weekend. For this reason, the expert advisor uses a special feature where it will ensure that all open trades are closed before the end of the week. As scalping systems target a few pips, it could be quite devastating for an open trade to get caught on the wrong side of a weekend gap.
When choosing a trading robot, one of the most important things to do is to check the latest results and see how it has been performing historically. Whilst this is no guarantee of future performance, it can help to give us a rough idea of the trading system being used.
The LeapFX development team have published and shared a real live verified DynaScalp Myfxbook account that shows how the robot has performed over a number of years. Myfxbook is an automated analytical tool for forex traders that allows its users to track and analyse the data behind a trading strategy. You can see the latest performance in the graph below and click it for a more detailed statistical overview.
We are very impressed by the DynaScalp backtest statements provided by the developers. They have a link where you can download an impressive selection of 15 backtests across various currency pairs. Each backtest shows how this automated forex scalping strategy may have performed in the past based on historical data. You can see a combination of all the DynaScalp results in the QuantAnalyzer portfolio below. QuantAnalyzer is a useful tool that analyses the historical results of the software on multiple currency pairs and prepares the data.
It is worth mentioning that LeapFX have back tested the DynaScalp EA with 99% modelling quality. This means that they have used real tick data and variable spreads in the MT4 strategy tester. This is important as it can improve the accuracy of backtest results. Using tick data and accounting for spreads is especially important when backtesting a scalping strategy that is so dependant on smaller pip movements. That being said, we must also account for any commission fees which could also have an impact on the overall performance of the software.
DynaScalp is a powerful and fully automated forex scalping system that can trade multiple currency pairs. It has a unique scalping strategy along with a range of innovative and fully customisable features. The software is backed by verified Myfxbook results and a money back guarantee. However, keep in mind that forex scalping robots can be highly dependant on broker conditions. LeapFX have a whole host of other forex robots including Trade Explorer, Bounce Trader, AX Trader, Jet Trader Pro, The Fund Trader, Automic Trader, InstantEA, Funnel Trader 2.0, Arbitron, Easy Money X-Ray Robot, The Skilled Trader, News Action Trader and Econ Power Trader.
The DynaScalp EA is an innovative forex scalping system that trades automatically in the MT4 platform. It is backed by verified results and 99% modelling quality backtests showing its performance based on historical data.
What is the DynaScalp price?
There are 2 purchase options for the DynaScalp software. You can choose the one-year membership for $247 per year or get a lifetime membership for $397. Both packages include settings, free updates, excellent customer support and a money back guarantee.
Where can I download the DynaScalp?
You can download the DynaScalp from the official LeapFX website here.
What kind of customer support does DynaScalp offer?
LeapFX provide dedicated around the clock email support.
What are the best brokers to use with the DynaScalp?
You can use any MetaTrader 4 broker to run the DynaScalp EA.
What’s the minimum amount required to trade with the DynaScalp?
There is no specified minimum amount required to start using this trading robot. You should only use what you feel comfortable with and can afford to lose.
What is the DynaScalp refund policy?
You can check the performance of the DynaScalp EA for 30 days and if you’re not at all happy, simply send an email to LeapFX and you will get a full refund with no questions asked.
Is the DynaScalp a scam?
No, we do not think that DynaScalp is a scam and the developers have provided verified Myfxbook accounts to back up their claims. However, it is important to note that does not mean the robot will produce good results. No matter how good any forex trading system is, none can predict the future.
Can I get the DynaScalp for free?
You probably could spend countless hours looking for a free version of the DynaScalp being shared but it is likely to be out of date, unsupported and potentially dangerous.
What currency pairs does the DynaScalp trade?
Although the DynaScalp robot can be used on any currency pair, the LeapFX team say that it performs best according to testing on the following fx pairs: AUD/CAD, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD/ EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/USD, USD/CAD, USD/CHF, USD/JPY and XAU/USD.
What are the best DynaScalp settings?
The best settings for the DynaScalp are those provided by the developer. Nobody will know the robot more than the person who created it. They would have spent countless hours over many years optimising the settings so that you don’t have to.
Can I change the DynaScalp settings?
If you have the knowledge and experience, you are free to experiment with your own settings, this includes the lot size, stop loss, take profit, and more. You may wish to test your settings on a demo account to begin with. You could also backtest the robot in the MT4 strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the DynaScalp?
You will need the MetaTrader 4 platform for desktop and an account with a forex broker. Most forex brokers will let you open a free demo account and a real account with a small deposit. They will also let you download and use the MT4 platform free of charge.
How much money can I make with the DynaScalp?
There are absolutely no guarantees on how good or bad any forex trading robot will perform. Due to the unpredictable nature of the forex markets, nobody can predict what will happen in the future. You should make sure that you understand all of the risks involved using any automated trading system such as the DynaScalp expert advisor.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.