It’s always fun to try out new online tools to help you with Forex trading. After all, Forex, is not as easy as everyone thinks. This is especially true when you want to make a sizeable profit (who doesn’t?).
For Forex, you need to know:
- When to make a trade (the entry point)
- Whether to go long or short
- Where to place your stop loss
- When to take your profits
Determining all that does take a little (ok, a lot) of time. But now that the Ultimate Pro Scalper, which came out in September of 2014, is here, it will do all these tasks for you.
Ultimate Pro Scalper is AKA 200 PIPS Daily Profit by the way…
Features of Ultimate Pro Scalper
If you don’t have a lot of time on your hands for trading (like me!), scalping may be ideal for you. Scalping involves holding your position only for a very short while, and you close your trade for a small profit.
The way to make substantial profits here is to accurately identify when a trend is going to change direction. And that’s what the Ultimate Pro Scalper does. It notifies me when the trend is about to change direction, so I can enter a trade at the right time.
Of course, I can use it the whole day to make some really substantial profits. Trading in this style involves 1- to 5-minute timeframes. That gives me a lot of new entry signals constantly.
You have to download the program to use it. You only need to pay a one-time fee of $87. You can use it for up to 60 days, and if you’re not satisfied you can always get a refund, no questions asked.
You can use it for any platform, although I recommend that you first try it out with a demo account.
Let’s get to the accuracy of this program first, because that’s always the first thing I look for. Now while it doesn’t quite match the advertising (which boasts of more than 92.4% accuracy), I do get it right 3 times out of 4. That’s an accuracy I can live with. The alerts are also quite effective. There’s a conspicuous visual indicator near the price, and a popup appears. The alert comes with sound too, and I also get email notices. These notices give me the sell or buy signal price, the stop loss price, and the price to take profits on a particular currency pair. It also works on all currency pairs, so you’re not limited on the kinds of trades you want. I also like the fact that I can just download the program. While online tools have their appeal, I’m always sometimes worried that the website of the online tool may be down. The price is also a bit on the expensive side. But the bonuses are nice. I got some detailed guides on how to use the software properly, so no worries there. And there’s also a guarantee anyway. The customer support, however, is a bit too basic for me because it does not offer chat and phone support – only email. Nonetheless, the Ultimate Pro Scalper is a nice program to have in your arsenal. It may be limited to scalping, and it’s not a robot. You may have to do some manual work in placing trades, but it does help a lot.
