Titan Scalper (EA) Review and Rating | Scam EA?
Titan Scalper seems to give very good results in live performance, but is it really worth using?
There is a possibility of SCAM, so if you are thinking about purchasing, please read this article and think again.
Purchase Price and Features of Titan Scalper
|Number of Real licenses||1||3||5|
|Number of Demo licenses||1||3||5|
The purchase price of this EA is relatively high, but if you look at the live performance, you may want to buy it.
Live performance of Titan Scalper
Looking at this number alone, it’s a wonderful result.
It’s rare to see an EA that has done so well with a real account.
Trading Features of Titan Scalper
This EA will be scalping in Asian sessions.
Trading takes place at night time in Europe time.
The position will be closed within a few minutes to 6 hours.
Positions are rarely held for more than a day.
The take profit level is set in the range of 6 to 20 pips, depending on the currency pair.
Most positions are closed before the price reaches the take profit level.
On the other hand, the stop loss level is set around 25pips for all supported currency pairs.
Sometimes the price reaches the Stop Loss level.
However, the loss of one losing trade is kept within 3% of the balance. The results published by the vendor never lost a lot at once.
Notes on Titan Scalper! Scam?
Looking only at live performance and trading logic, it can be said that it is a pretty good EA.
However, we have to make a judgment after paying attention to the dark side of this EA.
Myfxbook public account uses AAFX Trading as a broker.
This is not a demo account, but a real account.
In fact, this AAFX Trading is a very unreputable broker.
Review site ForexPeaceAarmy (FPA) recognizes this broker as SCAM (scam).
The FPA has issued a very high level of warning to AAFX Trading, and traders are encouraged to withdraw funds from this broker as soon as possible.
There are rumors that Titan Scalper vendors have collaborated with AAFX Trading to falsify trading history. I don’t know the truth.
If the results using other brokers are public, there is no doubt.
Unfortunately, however, vendors only publish results on AAFX Trading.
When researched, it seems that the results on IC Markets, a reputable broker, have been published in the past.
However, in September 2018, a very large drawdown occurred on IC Markets, and then the release of the results was deleted.
Good results only with AAFX Trading, which has a bad reputation. So, it is unclear whether this EA really makes a profit.
End of public transactions and non-public information
AAFX Trading public account suddenly ended trading in March 2019.
I don’t know why not to trade, but there is no doubt that something is wrong.
If there is no problem, this EA transaction should be continued.
In addition, information such as balance, equity, deposits and withdrawals is not disclosed and cannot be confirmed. Information such as commissions and profits is also not disclosed.
Is there any problem in publishing such information?
Scalping EA Specific Issues
Titan Scalper is a scalping EA as its name suggests.
The scalping EA has the risk of not profiting when the lot size increases.
In the public results, there is a history of trading only in the range of 0.01-0.02lot.
A total profit of 1634pips is coming out, but if the volume is from 0.01 to 0.02lot, there is no big profit.
There are uncertainties about whether this EA will profit without problems when the lot size is increased.
Conclusion of Titan Scalper
Titan Scalper has a great public account result.
However, it is very unclear whether the purchaser can achieve similar results.
The reason is listed again as follows.
In my opinion, Titan Scalper has too many dark sides, so you should refrain from purchasing it.