We have had a lot of emails regarding "Trade Chimp", by Renegade FX (bestexpertadvisors.com).

Superficially, this looks to be a great EA, churning out hundreds of pips a week and delivering a very high winning percentage (over 90% winners).

We were intrigued, but a quick look at some statements revealed the sadly familiar story of most scalping EAs.

In this case, the average loss is nearly eight times larger than the average win!

Whilst this EA does appear to be profitable, for all anyone knows the ten losses of the losing 10% could all occur one after another, wiping out the account.

If you have a high appetite for risk, this may be the robot for you. However, with such an unbalanced Risk:Reward ratio, we will be leaving this one alone.

If you do decide to try "Trade Chimp", please share your experience with us all on this Forum thread.

If you wish to try this product, please do so through our link – it costs you nothing to do so and pays for the upkeep of this free Website, Forum and Blog.

Trade Chimp - Renegade FX - Products