RoyalPrince Scalper EA V1.50 MT5 Review: Is This Breakout Bot Still Profitable in 2025?

The search for the “Holy Grail” of automated trading often leads traders to the world of scalping. Among the sea of Expert Advisors (EAs) on the MQL5 market, the RoyalPrince Scalper EA V1.50 MT5 has generated significant buzz. Developed by Richard Louis Pastor, this bot promises a sophisticated breakout strategy without the “toxic” risks of Martingale or Grid systems.

But in the volatile market landscape of 2025, does it actually deliver? In this comprehensive review, we dive deep into the mechanics, live performance, and the recent controversies surrounding its developer to help you decide if it belongs in your trading arsenal.

What is the RoyalPrince Scalper EA V1.50 MT5?

The RoyalPrince Scalper EA is an automated trading system specifically designed for the MetaTrader 5 (MT5) platform. Unlike many bots that rely on indicators like RSI or Moving Averages, this EA is built on a Price Action Breakout logic.

It aims to capture “pips” during high-momentum moves. Version 1.50 is the “Pro” iteration, featuring advanced news filters, equity protection, and time-based trading modules that weren’t present in the earlier free versions.

Key Technical Specifications

• Developer: Richard Louis Pastor (RP FourThousand)

• Strategy: H1 Breakout Scalping

• Pairs: Optimized for USDJPY, EURUSD, and GBPUSD

• Timeframe: M15 (Execution) and H1 (Analysis)

• Risk Management: Hard Stop Loss, Trailing Stop, Equity Protection

• Minimum Deposit: $100 (per pair)

The Core Strategy: How It Works

The RoyalPrince Scalper doesn’t trade frequently. Instead, it waits for the market to define a range.

1. High/Low Detection: The EA identifies the high and low prices of the previous 1-hour (H1) candle.

2. Pending Orders: It places a Buy Stop slightly above the high and a Sell Stop slightly below the low.

3. The Breakout: When price momentum breaks these levels, the trade is triggered.

4. The Exit: The EA uses an adjustable Trailing Stop. As soon as the trade moves into profit, the SL is moved to breakeven and then trails the price to lock in gains.

Why “No Martingale” Matters

Most failed EAs use a Martingale or “Grid” strategy—where they double the trade size when losing. While this creates a beautiful winning streak on paper, it eventually leads to a total account wipeout. RoyalPrince Scalper’s commitment to a Fixed Lot or Percentage Risk model with a hard Stop Loss is a major plus for conservative traders.

Performance Analysis: The Reality Check

To understand if this EA works, we looked at both backtests and live verified results from Myfxbook.

Backtesting Results

Backtests from the developer show a steady upward curve on USDJPY from 2023 to 2024. However, professional traders know that backtesting in MT5 can be deceptive for scalpers.

• The Slippage Factor: In a backtest, orders are filled instantly at the exact price. In live trading, a breakout often involves “slippage,” where you get a worse price. For a scalper seeking only 5-10 pips, a 2-pip slippage can cut profits by 20-40%.

Live Results (Myfxbook)

Live tracking of the “EA_ForexLab” account (which utilized RoyalPrince strategies) showed more turbulent results. In one cycle, the account experienced a 10.8% loss with a 18.14% drawdown. While the bot didn’t “blow up” the account, it struggled during periods of low volatility where “fakeouts” (false breakouts) were common.

Critical Warning: Developer Debarred from MQL5

If you are looking for the RoyalPrince Scalper EA on the official MQL5 Market today, you will notice a stark warning: “Author debarred from selling products.”

This is a significant development for any potential buyer. When MQL5 debars an author, it usually stems from:

1. Violation of Terms: Multiple refund disputes or misleading marketing.

2. Code Plagiarism: Using another developer’s code.

3. Systematic Failures: Promoting “scam-like” behavior.

While some users still swear by the EA’s performance, the lack of official support and the inability to receive updates makes it a “use at your own risk” tool.

Pros and Cons of RoyalPrince Scalper MT5

The Pros ✅

• Pure Price Action: Doesn’t rely on lagging indicators.

• Strict Risk Control: Every trade has a pre-defined exit point.

• News Filter: Automatically pauses trading during high-impact events like NFP or FOMC.

• Low Barrier to Entry: Can run on accounts as small as $100.

The Cons ❌

• Developer Status: Author is currently banned/debarred on major platforms.

• Broker Sensitivity: Needs extremely low spreads (ECN) to be profitable.

• High Sensitivity to Latency: Without a high-end VPS, execution lag will kill your profits.

• Mixed Recent Reviews: Users have reported “sluggish” performance in 2025 market conditions.

Setting Up for Success: Best Practices

If you already own the EA or are testing a version of it, these settings are crucial for survival:

1. Choosing the Right Broker

You cannot run this on a standard “Dealing Desk” account. You need an IC Markets, Pepperstone, or Tickmill style ECN account where the spread on EURUSD is often 0.0 to 0.3 pips.

2. The VPS Requirement

Scalping is a game of milliseconds. Running this from a home PC will result in “Requotes.” Use a Forex VPS located in London or New York (depending on your broker’s server location) to keep latency under 5ms.

3. Time Filters

The EA works best during the London/New York overlap. Avoid trading during the Asian session when volatility is too low to sustain a breakout, or during the “Rollover” (5 PM EST) when spreads widen significantly.

Alternatives to RoyalPrince Scalper in 2025

Since the RoyalPrince author is currently restricted, you might want to consider these top-rated MT5 scalpers with active support:

1. Forex Fury: A long-standing scalper with a 93% verified win rate.

2. Waka Waka EA: A premium grid-scalper (higher risk, but highly verified).

3. Evening Scalper Pro: Focuses on the mean reversion during the “quiet” hours of the market.

4. Dark Venus: A highly customizable free alternative for those who want to build their own breakout logic.

Final Verdict: Is RoyalPrince Scalper EA Worth It?

The RoyalPrince Scalper EA V1.50 MT5 is a tool with a solid logical foundation (breakouts) but a shaky reputation due to the developer’s current status.

• For Beginners: It is too sensitive to broker conditions and latency.

• For Experienced Algo-Traders: It may be worth a demo test if you have access to a high-speed ECN environment, but do not rely on it as a “set and forget” solution.

In the world of Forex, the bot is only as good as the environment it runs in. Without active updates from the developer, the RoyalPrince Scalper is slowly becoming a relic of the past.