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
Our service focuses on creating this innovative system while consistently providing a complimentary Forex Robot. By checking the results from EA Pros on the MT4 tester, you can obtain our Forex Robot at no cost! These Free Forex Robots are automated trading software that produces trading signals. Typically, these robots are developed using the MQL scripting language, enabling traders to execute orders and handle their trades efficiently. A Free Forex Robot comprises software equipped with a sophisticated algorithm. Often, traders are heavily swayed by their emotions and make speculative decisions based on instinct. This highlights one of the advantages of utilizing a Free Forex Robot over manual trading, as the system relies on data, statistics, and trends for its decision-making process. To get started, please open a standard account through our link with one of our partnered brokers. The EA Pros version X5 is optimized for the M5 timeframe and is best suited for pairs like Eur/Usd, Gbp/Usd, Usd/Cad, Usd/Chf, Eur/Gbp, and Eur/Cad, ensuring optimal trading performance. By leveraging this technology, traders can enhance their trading strategies and potentially increase their success rates.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
No price information available.
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
EA Pros
Founded
2019
Website
eapros.org