Evening Scalper Pro Review
The Evening Scalper Pro EA is a forex scalping robot for the MetaTrader platforms with years of verified results and excellent 24/7 support from a proven MQL developer.
The Evening Scalper Pro EA is an expert advisor that has been developed to trade automatically in the popular forex trading platforms, MetaTrader 4 and MetaTrader 5. This is another trading robot from Valeriia Mishchenko who you may already know for here top-rated forex expert advisors in the MQL marketplace. She has been developing automated trading systems for over 10 years, seeing an impressive +6300% account growth with over +58 consecutive months in profit. These results are backed up by live track-records which are available on verified Myfxbook accounts.
As the name rightly eludes to, the Evening Scalper Pro EA utilises a scalping strategy that trades in the evening around the close of the USA session and opening of the Asian market. You simply attach the trading software to the charts in your MT4 or MT5 platform and it will use its innovative built-in trading algorithm to scan the forex market for buy and sell signals. When a valid setup occurs based on the implemented scalping strategy, the EA can place and manage a position on behalf of the user.
Scalping is a short-term trading strategy that seeks to profit from small price movements on currency pairs throughout the day and night. Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. For those who do not have the time nor skills to manually scalp the forex market, that is where the Evening Scalper Pro expert advisor can come in use.
Unlike the majority of forex night scalpers, this trading robot uses an original and very powerful trading logic on cross currency pairs that have a strong mean-reverting tendency with high-profit targets. Mean reversion is a financial term for the assumption that an asset’s price will tend to converge to the average price over time. Using mean reversion as a timing strategy involves both the identification of the trading range for a security and the computation of the average price using quantitative methods.
The EA enters the market with market orders from 19 to 23h, it does not open trades during rollover (0:00-1:00). In terms of a trade duration it’s classical scalping: in and out of the trade within a few hours at the most. The EA uses a number of advanced techniques to try and identify the most accurate points of entry and exit.
- Supported currency pairs: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD.
- Recommended timeframe: M5
As with all forex scalping robots, they work best with forex brokers that have tight spreads, low commission fees and reliable trade execution speeds at the best available prices. This is because scalping system only target a few pips. If the broker has high costs, this can eat into profits and even turn a winning strategy into a losing one. IC Markets are one of the best forex brokers for manual and automated scalping strategies. This is because they have deep liquidity pools to ensure superior pricing at all times.
How Does It Work?
- Buy a license for the Evening Scalper Pro EA
- Download the MetaTrader files and instructions
- Install the expert advisor on your MT4/MT5 platform
- Place the Evening Scalper Pro EA on charts to auto trade
- Check the results of this scalping robot!
The Evening Scalper Pro forex robot has a range of innovative features that help it stand out from the thousands of other commercial trading robots out there. Valery Trading always go above and beyond to make sure they deliver trading software which implement the latest technology to remain relevant in the ever-changing financial markets.
EA settings
Evening Scalper Pro comes with different built-in risk settings that you can choose from, ranging from Low to High. You can choose what works best for you depending on your risk preferences. The high-risk settings can produce more profit if things go well, but they also increase the potential drawdowns and loss if things do not go to plan. As always, you should only ever trade with what you feel comfortable and never risk more than you can afford to lose.
Profit calculator
You will find a profit calculator on the Evening Scalper Pro website which aims to give you an idea of the profit potential based on historical testing. In order to use it, first input your deposit size, choose between the different risk settings, and move the time bar from left to right or from right to left. The estimated total profit will appear on the right-hand side of the calculator, along with estimated monthly gain and drawdown. It is vitally important to note that this is only based on back testing so should by no means be taken as a guarantee.
Dynamic trading strategy
The Evening Scalper Pro software has a dynamic trading strategy which aims to adapt to the currency market conditions. It is designed to exploit market inefficiencies and uses real market mechanics to try and take high probability trades. This means that it is optimise to try and achieve stable profits over the long-term.
Robot updates
This trading software is constantly updated, incorporating all the latest innovations in the financial markets trading field. This is normal with Valery Trading and something they offer on all of their automated trading robots.
Excellent support
You will also get personal support from the developer, available 24/7 for anything you might need, including remote configuration via AnyDesk.
Telegram group
There is an exclusive Telegram Group community, filled with thousands of active traders and Evening Scalper Pro users. This is a great place to share ideas with and learn from likeminded forex traders.
Forex VPS
You will get access to a custom Forex trading optimized cloud server to ensure the EA is running 24/7 for you which can be useful if you cannot always have your computer switched on.
Pass FTMO challenges
You can use the Evening Scalper Pro EA to pass the FTMO challenge or other prop firm challenges. Just make sure that you check the trading challenge conditions and see if you need to adjust some of the EA settings to ensure that you stay within the trading rules and can achieve the profit objectives within the allocated timeframe. You will also need to confirm that the prop firm does allow automated trading with expert advisors and scalping strategies, although the majority do, including FTMO.
Broker and platforms
The Evening Scalper Pro robot is not dependant on using a certain broker like some other trading robots are. You can use any trading broker provided they have the MetaTrader platforms. That being said, the lower the broker spreads, fees and slippage, the better for automated scalping robots like this one. Using a broker with ECN execution can also help ensure you get trades placed at the most favourable prices at all times.
It doesn’t matter whether you choose the MT4 or MT5 platform. Whilst MT4 is still very popular amongst retails traders around the world, MT5 does have better backtesting capabilities if that is something you wish to explore.
Free bonuses
You will be pleased to hear that the Evening Scalper Pro expert advisor comes with some free bonuses. This includes a handy volatility filter indicator and 6 months of the Valery Trading VPS. This can save quite a bit of money given the monthly cost of a forex VPS.
The Evening Scalper Pro EA comes with preset files that have already been optimised by the developer. You just need to choose and load your desired set file from the provided downloads and all of the EA inputs will be updated for you. You can see a comprehensive list of the input settings that can be adjusted below.
Setting
- Allow Opening a new Trade – on/off opening new trades
- Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use Dynamic Lot parameter, Max Risk per Trade will calculate lots based on % risk per trade, 3 predefined presets will calculate risk automatically for you
- Fixed Lot – fixed trading lot
- Dynamic Lot- balance/equity to be used per 0.01 lot
- Maximum Lot- max allowed trading lot
- Maximum Spread, in pips – max allowed spread for position closing
- Maximum Slippage for a non-ECN acc, in pips – max allowed slippage
- Maximum Symbols at a time – max allowed number of symbols that can be opened at the same time
- Allow to Buy/Sell- on/off Buy/Sell trades
- Maximum Drawdown Percent- if current floating drawdown exceeds the specified % the EA will close open positions
Strategy
- Symbols separated by comma – list of pairs to trade. Suffix needs to be included if your broker uses one!
- Hour to Start/Stop Opening Orders- when the EA can start/stop opening new orders. Set Smart Time Filter to false if you want to optimize these parameters
- Smart Time Filter- on/off smart time filter
- Hour to Stop Trading (on Friday)- hour to stop trading (on Friday). All open positions will be closed at this hour
- New Year Holiday Filter – on/off Christmas/New Year filter
- StopLoss, in pips – stop loss value in standard 4 digit pips
- Hide StopLoss – on/off SL hiding
- Swap Filter – cancels trading on Wednesday evening in the direction of the negative swap
- Max Negative Swap, in pips – max negative swap
- News Filter Enabled – on/off News Filter
Others
- Trade Comment – comment
- UID (0…9) – unique EA instance number. Usually no need to change it
- ShowPanel – on/off Info-panel
- GMT/DST Test – GMT offset in winter and DST in Tester. This parameter has no effect on live trading
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.
Evening Scalper Pro Myfxbook
The Evening Scalper Pro EA has an impressive verified Myfxbook track record on multiple live accounts. You can see from the graph below that the EA has been consistent for a long time and has made a good return with a reasonable drawdown.
Evening Scalper Pro Backtesting
The developer has conducted some high-quality Evening Scalper Pro backtests using tick data, real variable spreads and included commissions. These are the best possible forex robot backtesting conditions.
You can see from the multi-currency Evening Scalper Pro EA backtesting above that it took 3,405 trades and had a very high win rate. The profit factor is very good at 2.48 whereas the drawdown is acceptable. Just keep in mind that these backtests and the verified results are all based on historical data so do not mean performance will be the same moving forward.
Overall, the Evening Scalper Pro EA is one of the best forex scalping robots you will find. The developer has a stellar reputation on the MQL marketplace and backs up their claims with real live verified trading accounts showing how well the EA has performed over many years and throughout different market conditions. Yes. It is expensive but it does have the option of a free trial and there is a 30-day refund policy so you can give it a fair try to see if it lives up to your expectations. Valery Trading have other top performing trading robots that you might want to check out including Waka Waka EA, Night Hunter Pro EA and the Golden Pickaxe EA.
What is the Evening Scalper Pro price?
This trading software costs $2,000 from the MQL marketplace or you can save 10% by purchasing directly from the Valery Trading website.
Where can I download the Evening Scalper Pro?
You can download the Evening Scalper Pro from the official website here.
What kind of customer support does Evening Scalper Pro offer?
Valery Trading provide excellent 24/7 support via email and Telegram. They can even connect remotely to your computer to help you get setup or do the setup for you on a VPS.
What are the best brokers to use with the Evening Scalper Pro?
You can use any MetaTrader broker to run the Evening Scalper Pro.
What’s the minimum amount required to trade with the Evening Scalper Pro?
There is no specified minimum amount required to start using this trading software. You should only use what you feel comfortable with and can afford to lose.
What is the Evening Scalper Pro refund policy?
If you are unhappy with the software for any reason, there is a 30-day refund policy when bought from the official website, compared to a 7-day policy when purchase via MQL.
Is the Evening Scalper Pro a scam?
No, Evening Scalper Pro is not a scam but that does not mean it will produce good results. No matter how good any trading robot is, none can predict the future.
Can I get the Evening Scalper Pro for free?
You probably could spend countless hours looking for a free version of the Evening Scalper Pro being shared but it is likely to be out of date, unsupported and potentially dangerous.
What currency pairs does the Evening Scalper Pro trade?
The Evening Scalper Pro robot trades the following currency pairs on the 5-minute chart timeframe: EURNZD, EURAUD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPAUD, GBPCAD.
What is the best Evening Scalper Pro settings?
The best settings for the Evening Scalper Pro 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 Evening Scalper Pro 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 MetaTrader strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the Evening Scalper Pro?
You will need either the MetaTrader 4 or MetaTrader 5 desktop platforms and an account with a forex broker. Most forex brokers will let you open an account with a small deposit and download the MetaTrader platforms free of charge.
How much money can I make with the Evening Scalper Pro?
There are absolutely no guarantees on how good or bad any trading robot will perform. Due to the unpredictable nature of the 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 Evening Scalper Pro.
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.
