In this review, I will be talking about an expert advisor known as ASSAR ELITE PRO FOREX SCALPER V10 or ASSARV10. According to this developer, the EA is a scalper that was meant to counter trends. There are very few people talking about this trading system online.
When I state that there are very few people talking about this product, I mean that ASSARV10 has never been discussed on big trading forums like FPA.
But there are certainly some discussions going on about the ASSAR ELITE PRO FOREX SCALPER V10 app on MT4talk forum. This forum seems to be the most popular platform where meaningful talk about this software is happening.
A deep internet search reveals that the website Assarofficial.com is quite popular in Russia, with a global ranking of 2,104,423. With this information, I can assume that this developer’s website is probably hosted out of Russia.
I find it rather strange that despite the popularity of this site (if the above statistics are anything to go by), there are very few professional reviews about the software, ASSAR ELITE PRO FOREX SCALPER V10.
Note: You can check out my list of trusted Forex expert advisors here.
So far, this product has evolved from one version to the other as evidently seen in internet searches involving words like Assar V. 5.1 EA free download, Assar V8 download, Assar V9, and most recently Assar V10 free download, and Assar elite pro scalper v10 respectively.
So without further ado, I will go ahead and review this product.
ASSAR ELITE PRO FOREX SCALPER V10 Review
It is not clear who the developer of this software is. I was not able to find this information anywhere on their site.
However, when I use this LinkedIn information to try establishing who owns this company, I learn that a man named Joshua Allison is somehow associated with this product. He is based out of Los Angeles, California, and appears to be working directly with the ASSARV10 team.
The sales video on their website does not give me any useful information about the developer or the software that is being promoted. Instead, it mentions names like Brandon L, James T, and Cherryl L without telling us the roles of these personalities.
It’s strange to see that these people’s last names are being represented by one letter. Furthermore, the video does not feature any of these people on the face.
I don’t know why a developer who claims to be running a serious business would want to remain anonymous to the very same people whom they are intending to sell this product to.
My first impression with this website wasn’t good either. You see, when you land on a website and the first thing you find are pictures of posh homes and luxurious life, you begin to question whether this is a get rich quick scam where the naive and the desperate are promised unrealistic financial freedom.
Although I am mentioning these things, I do not intend to use them as factors that influence this review of the ASSAR ELITE PRO FOREX SCALPER V10 software. But it is good to take precautions when you come across a website that uses a lot of imagery to invoke a sense of wealth.
Features of the ASSAR ELITE PRO FOREX SCALPER V10 robot
According to this developer, the software does not require fiddling around with. That means no extra set files because the idea is to sell something that will work right outside the box.
According to this developer, the software was created with a built-in broker protection feature to help shield traders from a broker’s deceptive tactics. It works with all brokers, including US brokers whose platforms are based on 4-digit quotes.
High spread protection is supposed to protect you from unfavorable market conditions.
This broker also built hidden stop losses, take profits, lock profits, classic trailing stop losses, Jump stop losses and trade alerts.
The most interesting part of the ASSAR ELITE PRO FOREX SCALPER V10 software is that it contains a news scanner feature. This is to make sure that the software is trading accordingly during high, medium or low impact news events.
The minimum deposit for the cent account is $100, while the minimum for a standard account is $1000.
The developer is allegedly guaranteeing profits with this product. Setup and training is also provided alongside the product.
Basically, the entire website is based around the message that ASSAR ELITE PRO FOREX SCALPER V10 will change your life. But please note:
This product does not come with future updates. The developer says that when you purchase it, you will get the latest version of the software as is.
In my opinion, this is a bad deal. I do not see why I should buy an expert advisor whose developer is not providing updates. What if bugs develop in the future?
Trading results for ASSAR ELITE PRO FOREX SCALPER V10
Trading results are the cornerstone of any expert advisor. It’s where the rubber meets the road.
Unfortunately, ASSARV10 does not have any trading results to begin with. While the author claims that profits are guaranteed, they disown that statement in another part of the website.
The FAQ section of this site addresses issues such as profit expectations and maximum draw down.
The author admits that they can do nothing to make this software highly effective. When asked about the maximum draw down, the developer says that they do not have an answer because the Forex market is highly unpredictable. Again, the developer claims that they can do nothing to restrict draw down to a certain percentage.
Speaking of trading results, this author does not provide a link back to ASSAR ELITE PRO FOREX SCALPER V10 myfxbook account.
Personally, I prefer this link very much because it helps with verifying performance and making conclusions on whether or not an expert advisor will be worth it in the long run.
But there is a screenshot on the website showing their supposed myfxbook account. This account is not verified. It is impossible for me to trust those results. And secondly, the act of not providing a link to this particular account is rather disturbing. There is only one logical answer to this problem. The developer does not keep an active myfxbook account! The one that we are being shown is probably a screenshot of a totally different developer account.
Wrapping it up
ASSAR ELITE PRO FOREX SCALPER V10 software can be downloaded for free for purposes of testing. However, the developer is not upfront with pricing. It isn’t clear what the intention of not revealing the price is.
My parting shot is that I cannot recommend ASSAR ELITE PRO FOREX SCALPER V10 to Campforex.com readers. Trading performance is lacking, and secondly, there is an element of hype on this site. Third, I am generally not comfortable doing business with an anonymous software vendor.