Monarch MT4
by Aleksei Krasov · MT4
ROI-8.3%
DD29.4%
Win43%
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Summary
Mon Scalper MT4 is an MT4 expert advisor by Xuan Bach Nguyen priced at $299 with no verified performance stats and an N/A rating. Traders compare it to five lower-cost or MT5-focused alternatives that all show 5-star ratings but likewise lack verified statistics. Key decision factors are platform compatibility (MT4 vs MT5), broker spreads, execution, and acceptable drawdown. If you need cheaper options or MT5 features, consider the alternatives below, otherwise evaluate Mon Scalper’s strategy fit and test on a demo. FxRobotEasy independently reviews each product listed.
Retail forex traders often compare Mon Scalper MT4 against alternatives to balance cost, platform compatibility, and risk. Mon Scalper MT4 is an expert advisor for MetaTrader 4 authored by Xuan Bach Nguyen and listed at $299, but it carries an N/A rating and no verified stats. Alternatives include MT5-native EAs and lower-priced options from other authors. Because automated strategies depend heavily on execution, spreads, and broker rules, traders need to consider whether an EA suits their account type, tolerance for drawdown, and whether they prefer MT4 or MT5. FxRobotEasy independently reviews all products to help inform those choices.
| Metric | Mon Scalper MT4Main Product | Scalperology Ai Our bot | Monarch MT4 | Momentum Strength Signal EA | Monarch Scalper EA MT4 | Momentum Scalping Robot |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $299 | $149 | $399.99 | $100 | $99 | $499 |
| ROI | N/A | +153.6% | -8.3% | N/A | N/A | N/A |
| Max Drawdown | N/A | 12.1% | 29.4% | N/A | N/A | N/A |
| Win Rate | N/A | 66.3% | 42.7% | N/A | N/A | N/A |
| Profit Factor | N/A | 1.98 | 0.85 | N/A | N/A | N/A |
| Total Trades | N/A | 679 | 2,545 | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Mon Scalper MT4 is an expert advisor for MetaTrader 4 created by Xuan Bach Nguyen and sold for $299. Strengths include being designed specifically for MT4 and targeted scalping logic that may suit fast, short-hold trading styles. Weaknesses are significant for due diligence: the product shows an N/A/5 rating and there are no verified performance statistics, so claims should be treated cautiously. Practical platform realities matter: scalping EAs are sensitive to broker spreads, execution speed, and nightly liquidity; some brokers restrict scalping or apply wide spreads that hurt performance. Drawdown risk is real with any automated scalper, so demo testing and tight risk controls are essential. FxRobotEasy independently reviews Mon Scalper and recommends testing on a demo account, checking broker rules, and validating the EA’s behavior before running it on live capital.
by Aleksei Krasov · MT4
by Andri Maulana · MT4
by Alberto Boada · MT4
by Yeoh Kia Gee · MT4
Mon Scalper MT4 may interest traders who prefer an MT4 scalping expert advisor and want an MT4-native product by Xuan Bach Nguyen, but the $299 price, N/A rating, and lack of verified statistics mean it requires careful validation. The listed alternatives offer lower price points or MT5 features and all carry 5-star listing ratings, yet also lack verified live stats. Prioritize demo testing, check broker rules on scalping, and monitor spreads and execution. FxRobotEasy independently reviews products and also publishes verified FxRobotEasy bots as alternative, vetted options for traders seeking tested automation.
Whether Mon Scalper MT4 is worth buying depends on your priorities. It is an MT4 expert advisor priced at $299, but its listing shows an N/A rating and no verified performance statistics. Before purchase, run the EA on a demo account, confirm your broker allows scalping and provides competitive spreads, and evaluate drawdown behavior. If you prefer verified track records, consider alternatives or FxRobotEasy’s independently reviewed bots.
The best alternative depends on your needs: if you want MT5 features, PZ Stop And Reverse EA MT5 or Neon Shadow EA MT5 may be appropriate; for low cost, Market Anomalies EA ($99) or EA Pivot SR mt5 ($95) are budget choices. All listed alternatives show 5-star ratings but no verified live statistics, so each requires demo testing and broker compatibility checks before live deployment.
Not necessarily. Mon Scalper MT4 is designed for MetaTrader 4, so your broker must support MT4. Additionally, scalping EAs are sensitive to spreads, execution speed, and broker policies—some brokers forbid scalping or apply restrictions. Check order execution quality, minimum lot sizes, and spread/commission structures. Always test the EA on a demo account with your broker to observe behavior before trading live.
While evaluating Mon Scalper MT4 and its alternatives, consider Scalperology Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+153.6%
Total Return
12.1%
Max Drawdown
66%
Win Rate
679
Total Trades