Euro scalper pro EA Is legit or Scam? (Review)

[Falstaff]

Good to see you again @ria_rose and an excellent response too.

As to the system - one reviewer says its a Grid - another says it’'s a Martingale - they are NOT the same thing.

We used to have a user rrram - who swore by the grid system - but he was really quite cryptic about his exact system and here’s a link to one of his threads

Rrram² Fx Fitness Journal

wow… your system really like a rock stars. thank you rrram2. i used 2 demo to test it and the result really good. first demo tested on several pair with 99% winrate and second demo tested only one pair with 100% winrate. all use smallest lots size 0.01 and then its was DD for a week and my demo margin 3000dollar almost burn out for holding 60 more entry. But the payback are high when the price start to going in to my favour. Now i know how to grab 1000pips a day with smallest lots size. …

Sadly he is now banned as indeed are many of the more colourful (and Knowledgeable ?) characters.

His “system” was characterised by Large drawdowns ! and the big risk with large drawdowns is that the “drawdown” can quite easily extend to your entire account - as one of teh reviewers Ria-rose link said "blown $1000 in 2 weeks "?
Martingale can also Blow your entire account !

I have to say I was interested in Rrram’s stuff - but never understood it well enough to try it out and I myself would NOT Trade something I didn’t understand.

But on the upside - nobody seems to say it is a scam directly - but it is a method for generating money for the provider through “Affiliates” income and that means he gets paid whether you win or lose - the more people use teh system the more he gets paid.

So like all things in life - you pays your money - you takes your choice !