Monday
by Dmitriy Epshteyn · MT4
Loading...
Loading...
Browse all reviews, rankings, guides, strategies, and trust documents.
Live MetaTrader terminals from FxRobotEasy verified accounts. Every capture is watermarked and hash-stamped, and opens its own public report.
The player loads from YouTube only after you press play.
Summary
Monarch Scalper EA MT4 is an MT4 expert advisor offered by Alberto Boada for $99. It lacks a public rating and has no verified performance stats, so traders should be cautious and prioritize demo testing. Alternatives listed here mostly carry 5-star ratings and varying price points, including MT5 options and some with unclear pricing. All scalping EAs demand low spreads, fast execution, and strict risk controls to limit drawdown. FxRobotEasy independently reviews each product; none of the compared items have verified stats available.
Retail forex traders compare Monarch Scalper EA MT4 with alternatives because scalping EAs differ sharply in platform support, execution requirements, and risk profiles. Monarch Scalper is an MT4 expert advisor by Alberto Boada priced at $99, but it has no publicly verified performance and a rating shown as N/A/5, so many traders look to other EAs for validated results or MT5 features. Platform realities matter: broker spreads, execution latency, and drawdown tolerance can make or break a scalper. FxRobotEasy independently reviews all products to help traders weigh design, price, and operational constraints.
| Metric | Monarch Scalper EA MT4Main Product | Scalperology Ai Our bot | Monday | Monarch MT4 | Moneta Vertex | Mon Scalper MT4 |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | 0.0 | N/A | N/A | N/A |
| Price | $99 | $149 | N/A | $399.99 | $599 | $299 |
| ROI | N/A | +153.6% | N/A | -8.3% | N/A | N/A |
| Max Drawdown | N/A | 12.1% | N/A | 29.4% | N/A | N/A |
| Win Rate | N/A | 66.3% | N/A | 42.7% | N/A | N/A |
| Profit Factor | N/A | 1.98 | N/A | 0.85 | N/A | N/A |
| Total Trades | N/A | 679 | N/A | 2,545 | 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.
Monarch Scalper EA MT4 is an expert advisor for MetaTrader 4 authored by Alberto Boada and sold for $99. It is positioned as a scalper, which implies frequent short-lived trades and sensitivity to spreads and execution speed. The product currently shows a rating of N/A/5 and there are no verified performance stats available, so prospective buyers should not assume live profitability. Strengths may include an affordable entry price and MT4 compatibility for brokers still offering that platform. Weaknesses include the lack of verified results, unclear risk-management transparency, and typical scalper exposure to sudden spread widening and overnight event gaps. This EA suits traders comfortable configuring risk parameters, testing extensively on demo accounts, and using low-spread brokers with low latency. Always expect drawdowns and align position sizing with your risk tolerance.
by Dmitriy Epshteyn · MT4
by Aleksei Krasov · MT4
by Mose' Panizza · MT4
by Xuan Bach Nguyen · MT4
Monarch Scalper EA MT4 is an affordable MT4 scalper by Alberto Boada, but the absence of a rating and verified stats means traders must treat it as unproven until validated on demo and live micro accounts. The listed alternatives mostly carry 5-star ratings and include MT5 options, different strategy families, and a range of prices. Scalping EAs require low spreads, fast execution, and robust drawdown planning regardless of vendor claims. FxRobotEasy independently reviews all products and lists its own verified bots as alternatives; consider those and the rated EAs here while prioritizing demo testing and conservative sizing.
Deciding whether Monarch Scalper EA MT4 is worth buying depends on your risk tolerance and testing results. The EA is priced at $99 and is for MT4, but it has an N/A/5 rating and no verified performance statistics. We recommend demo testing, running thorough backtests, and confirming low-spread broker conditions before committing real capital. Do not assume profitability; treat the purchase as a tool that requires configuration, monitoring, and strict money management.
There is no single 'best' alternative because trader needs differ. Among listed options, MT5 EAs like PZ Stop And Reverse EA MT5 or Neon Shadow EA MT5 offer MT5 platform advantages and carry 5-star ratings. EA Pivot SR mt5 is a lower-cost pivot-based choice. All alternatives lack verified public stats, so the best pick depends on your preferred platform (MT4 vs MT5), strategy type, and willingness to demo test. FxRobotEasy also lists verified bots you may consider.
Yes, scalping EAs are sensitive to broker conditions. For Monarch Scalper EA MT4 you should use a broker offering MT4, low spreads, fast execution, and minimal slippage. Avoid brokers with frequent spread widening, re-quotes, or restrictive scalping rules. VPS hosting near the broker's servers can reduce latency. Always confirm the broker permits automated scalping under their terms, and test the EA on a demo account under realistic spread conditions before trading live.
While evaluating Monarch Scalper EA 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