I have had a lot of emails on the Delphi Scalper Forex robot and it certainly makes some big claims like most Forex robots do - but does this currency trading system really deliver big profits? Lets take a look.

The Delphi Scalper comes from FX trader Jason Fielder and the price is quite high at $997.00 dollars but if it makes the money it claims, it certainly would be worth it. The copy is quite bold in terms of the claims made.

“Red Light, Green Light” System Consistently Grabs 10-50 Pips Per Day Like Clockwork… “

The hit rate claimed is over 70% as well which would mean you would soon get your purchase price back and a whole lot more.

The problem I have with any Forex scalping system I have seen is - they don't make money and day trading is really trading the market noise also my other problem with a lot of the retail systems sold online is statements that any experienced Forex trader knows are not true and here is an example:

“Consistently grab 10 50 pips per day like clockwork”? Really? Well not even the best traders in the world like George Soros or Jimmy Rogers could make money every day! The every day profits claim is made by a lot of systems sold online and its not true and any experienced trader knows this.

It talks about 44 point algorithm which is supposed to give it deadly accuracy and profit power but any algorithm which is complex is more likely to lose, than a simple one because it's curve fitted and will have to many elements to break. This is just my view of course and the real test of any system which is mechanical is - how much money its trading signals make so lets take a look at the evidence of profits.

Track Record

Apparently this system calls the market right 71.2% of the time according to the sales copy but is there any evidence of the profits in real time or of the accuracy? No and I always look to the bottom of the page for the disclaimer and here it is:

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Well the Dephi Scalper FX system claims big gains but like most systems which look to good to be true, there is no audited track record just a simulation disclaimer and everyone knows that making money going backwards is easy – its knowing where prices are going forward that really is the problem for us Forex traders.

Final Words

There are numerous robots sold online and this is yet another and you can apparently try it risk free but if you are looking to make money every day of 10 – 50 pips with this or any other Forex expert advisor then you will end up disappointed. Making money everyday is just something even the best traders can't do and if there really was a system that could do it it would sell for hundreds of thousands or even millions of dollars.

Some asked me is Delphi Scalper a scam?

I don't think so - ok it has not track record which is audited or real but at least the vendor is honest enough, to put the simulation disclaimer on it and there is a money back guarantee. So, if you want to trust a simulation you can try it in a demo account, if you want and satisfy your curiosity and see if it makes you profits everyday

Our own view of the vast amount of automated Forex trading systems sold online is if the track record looks to good to be true – it is and we look for the real time track record of audited profits and the Delphi Scalper system doesn't have one.