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Average Ratings 0 Ratings

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ease
features
design
support

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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

Screenshots View All

Screenshots View All

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5

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

Product Features

Product Features

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