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DynaScalp - best Forex Expert Advisors Read detailed review

DynaScalp

rating 8/10
  • Gain 690.6%
  • Monthly 15.03%
  • Drawdown 17.31%
  • Days in Live 444

DynaScalp basically automates and organizes in weighted order the currency pairs that give the most profit in specific market conditions.

Statistics

DynaScalp Medium Risk - Real 1

DynaScalp - profitable Forex EA

DynaScalp Low Risk - Real 2

DynaScalp - verified live Myfxbook statistics

Backtests

DynaScalp AUDCAD DynaScalp AUDCAD
DynaScalp AUDUSD DynaScalp AUDUSD
DynaScalp CHFJPY DynaScalp CHFJPY
DynaScalp EURAUD DynaScalp EURAUD
DynaScalp EURCAD DynaScalp EURCAD
DynaScalp EURCHF DynaScalp EURCHF
DynaScalp EURGBP DynaScalp EURGBP
DynaScalp EURJPY DynaScalp EURJPY
DynaScalp EURUSD DynaScalp EURUSD
DynaScalp GBPCHF DynaScalp GBPCHF
DynaScalp GBPUSD DynaScalp GBPUSD
DynaScalp USDCAD DynaScalp USDCAD
DynaScalp USDCHF DynaScalp USDCHF
DynaScalp USDJPY DynaScalp USDJPY
DynaScalp XAUUSD DynaScalp XAUUSD

Information about DynaScalp

Live trading and tests prove that it works on many currency pairs, but for best performance it works best when used on these: AUDCAD, AUDUSD, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF, USDJPY, XAUUSD.

It uses NO GRID and NO MARTINGALE strategies.

It boasts strong news filters and closes all trades before weekends; these are protection measures to keep the account as safe as possible.

It comes pre-installed with best settings included… is completely plug and play… scalps with a high win ratio… implements stop loss on all trades along with a smart trailing stop system.

Purchase includes:

ONE YEAR MEMBERSHIP - $247

  • DynaScalp Software for Meta Trader 4
  • Best Settings And Free Updates
  • Super Customer Support
  • Best Recommendations

LIFETIME MEMBERSHIP - $397

  • DynaScalp Software for Meta Trader 4
  • Best Settings And Free Updates
  • Super Customer Support
  • Best Recommendations

Refund Policy

100% 30-Day Money Back Guarantee. Observe the performance of DynaScalp, and if within 30 days you're not at all happy, simply send an email and you will get a FULL, FAST refund with no questions whatsoever.

full review DynaScalp EA Review

DynaScalp Review

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FXSherlock /
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DynaScalp EA is another development of the LeapFX. This Forex robot is another example of the scalping EA that is produced by the company. In this review we will try to get more understanding across the perspectives and possibilities of DynaScalp EA, so let us begin!

Basic information about DynaScalp:

  • Price$247-397
  • Currency pair15 pairs including Gold
  • Number of real licensesOne-year or lifetime membership
  • SupportIncluded
  • Refund30-day money-back guarantee

Conditions for trading:

  • Minimal deposit amountN/a
  • Minimal leverage1:100
  • Time frameM15
  • TerminalMT4
  • Broker30-day money-back guarantee

Live performance of DynaScalp

There are two live trading statistics for DynaScalp from Myfxbook available on the developer’s website. Those accounts have been working live for 13 and 11 months already. The EA can trade on 15 currency pairs including XAUUSD. The trading charts of the SynaScalp EA look a bit sharp but with a strong upward trend which speaks up about the system's ability to earn profits.

DynaScalp AUDCAD DynaScalp AUDCAD
DynaScalp AUDUSD DynaScalp AUDUSD
DynaScalp CHFJPY DynaScalp CHFJPY
DynaScalp EURAUD DynaScalp EURAUD
DynaScalp EURCAD DynaScalp EURCAD
DynaScalp EURCHF DynaScalp EURCHF
DynaScalp EURGBP DynaScalp EURGBP
DynaScalp EURJPY DynaScalp EURJPY
DynaScalp EURUSD DynaScalp EURUSD
DynaScalp GBPCHF DynaScalp GBPCHF
DynaScalp GBPUSD DynaScalp GBPUSD
DynaScalp USDCAD DynaScalp USDCAD
DynaScalp USDCHF DynaScalp USDCHF
DynaScalp USDJPY DynaScalp USDJPY
DynaScalp XAUUSD DynaScalp XAUUSD

As we can see, the DynaScalp EA has got a long list of 15 backtests available. Each currency pair has been backtested in the same conditions having successful results in every case.

All the backtests were made on 6 years of historical quotes from 2015 to 2021. Backtests were made on the basic MetaTrader backtester on the M15 timeframe with 99.90% accuracy because the EA uses a scalping strategy and needs the precise every tick data for its proper work. As we can see from the statistics the DynaScalp EA showed itself very stable and constant.

Disclaimer

*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.

Profitability and drawdown

DynaScalp EA is another development of the LeapFx company which goes along with other robots that we’ve already reviewed before, such as The Fund Trader, Trade Explorer, and Bounce Trader.

As it is usually done by this developer there are two options available for sale of DynaScalp EA: the $247 version that includes a one-year membership subscription and the $397 version with a one-year membership subscription. There is no other difference between both versions except for the membership duration. All other features of this robot are available for both versions.

So, by purchasing you will receive:

  • DynaScalp EA itself
  • Free updates
  • Customer support
  • Support of up to 15 currency pairs
  • 30-day money-back guarantee

There are two live trading accounts of DynaScalp EA: the Medium-Risk and the Low-Risk accounts. In this review, we'll be focusing mostly on the Medium-Risk account because it has a long trading history and shows much higher results of both profitability and durability.

The DynaScalp EA has been already trading live for 13 months since July 2020 and has reached the max gain level of 599% on one of the accounts. As we can see, the trading curve looks smooth and has no obvious deep drawdowns which make the statistic look pretty solid and durable.

DynaScalp EA live trading results from Myfxbook

The maximum fixed drawdown that the system has reached is 17.31% and the monthly compound rate of return leading to the total gain is 15.91%. Considering 13 months of statistics we can conclude that the average profit to drawdown level of the DynaScalp EA is approximately 1:0.92 which is a fantastic result that speaks up about the nature of the robot.

Trading

There are no signs of compound interest usage on this account of the DynaScalp EA since the system uses quite the same range of lot sizes during the whole trading history. In fact, it looks like every currency pair that the system trades on is set to have its own lot size depending on the trading volatility of the currency pair.

The profitability of this Forex robot is focused not on the quality of trades but the quantity of them. Since DynaScalp EA is a scalping robot, it means that the system places a lot of orders frequently which ensures the growth of profits even in situations when some orders turn out to be unprofitable.

In fact, statistically, the DynaScalp EA has been doing approximately 237 trades per moths, which is almost 8 trades per day. The number of trades is distributed almost evenly over all the currency pairs except for AUDCAD, GBPAUD, GBPCAD, and USDJPY currency pairs, which have less than a hundred trades executed so far.

DynaScalp EA live trading results from Myfxbook

As we can see, the most tradable currency pairs among others are those whose main currency is EUR: EURAUD, EURCAD, EURGBP, and EURJPY.

The scalping strategy of the DynaScalp EA looks quite extreme to me because the system takes an average profit of 3 pips per trade which is too small for most good scalpers (look at the screenshot below).

DynaScalp EA live trading results from Myfxbook

This darkens this pretty positive review of the system. It means that you might have problems using DynaScalp EA with certain brokers that have no narrow spreads. Also, this kind of scalping is sometimes perceived pretty negatively by some brokers, which can cause problems up to blocking the account.

Trades duration of the DynaScalp EA is quite obvious as for the scalper. Most of the trades are usually closed in the range of 20 seconds to 3 hours. Most of the trades that have been opened for a longer period than one and a half-hour in most of the cases end up being unprofitable.

DynaScalp EA live trading results from Myfxbook

Conclusion

The DynaScalp EA is a classic example of a pretty tough scalper produced by the LeapFx company. But still, the system shows itself durable and profitable as we considered in the review and has the potential to take its place among well-made robots on ForexStore.

I appreciate the effort and execution of the developers of DynaScalp EA and hope that this robot will show itself durable during the time.

Final marks

So let’s finish this review by giving appropriate assessments to the DynaScalp based on the analysis of its work, statistics, and other factors
Price VS Quality
4/5
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Profitability / Drawdown
5/5
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Statistics duration
5/5
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Backtests
5/5
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Authors’ rating
3.5/5
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AVERAGE
4.5/5
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The DynaScalp EA has got 4 out of 5 stars for Price VS Quality. The system is well-made and shows high results in terms of profitability and durability and deserves to get a high mark for it. Still, some details are needed to be improved.

I give this robot 5 out of 5 stars for the profitability to drawdown ratio since the system has great numbers and shows high profitability along with an acceptable drawdown level.

The statistics duration of the DynaScalp EA is enough to give it 5 out of 5 stars, so here it goes. The same things can be said about the backtests of the system which gives another 5 out of 5 stars to the robots’ statistics.

I give this EA 3.5 out of 5 stars because of my personal attitude to scalping systems in general and to such a tough scalper as DynaScalp EA is in particular.

Automated ForexStore rating is

8/10

At the moment of writing this review, the automated rating system of the ForexStore rates DynaScalp EA with 8 points out of 10. This differs a bit from the marks that I gave in this Forex robot review. I consider that the ForexStore system gives it a lower mark due to the lack of a ForexStore license badge which ensures the security of the purchase. 

I hope this helps you, traders! Furthermore, I wish you profitable trading and luck on the market!