Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
The logic is simple, but effective. The EA uses breakouts from the Bollinger Bands to send entry and exit signals. The Bollinger Bands are, in our opinion, the best technical indicator ever made. Thank you Mr. John Bollinger! We've tried many indicators and strategies over the years, but the Bollinger Bands has been the best indicator for scalping market volatility. The stop loss level is between 20 and 60 pip. You have the option of using a fixed TP of 4-8 pips or allowing the exit logic to manage the position. The BB indicator is used to determine the exit logic. It will close the trade even if the price is below or above the opposite BB line. This is done by the "BandBreakExit", parameter. It works best between minus one and plus one-two. Below is the backtest result for our forex robot BF Scalper on the following currency pairs EURUSD and USDCAD, EURCHF and USDJPY: GBPCAD, GBPUSD and USDCHF.
The EA has high spread protection - this is crucial, because if you use limit orders as example you can't control this and you will take some trades with 10 or even 20 pips spread - one such trade will erase the average profit from 10 good trade as the best average expectancy of this type of trading is 2-3 pips in the best case.
Description
BF Scalper PRO, the professional version of our popular EA - BF Scalper EA, is called BF Scalper PRO. To improve the overall performance of this PRO version, we have added many new features and systems. The system's efficiency is increased by the improved exit logic, which reduces drawdown. The new ATR-based Stop Loss Calculating algorithm (as an option) works well adapting Stop Loss levels to current market volatility. This reduces drawdown and increases the Profit Factor. Grid System has been added to BF Scalper PRO to make it more profitable and less dependent on brokers. Grid System can be disabled by default and is an optional feature. Learn how to use Grid System. To prove that the system is viable under real market conditions, I have performed 99.9% quality, real tick data and REAL SPREAD backtests. These results are promising.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
$187 one-time payment
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
FXautomater
Website
www.fxautomater.com/forex-robots/bf-scalper-ea
Vendor Details
Company Name
FXautomater
Website
www.fxautomater.com/forex-robots/bf-scalper-pro