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
FP Markets has established a strong reputation as a distinguished Forex broker. Operating in Australia under the authority of an Australian Financial Services Licence (AFSL), the firm has earned the accolade of 'Best Forex Broker Australia.' The company’s zero restrictions policy creates favorable conditions for scalpers and users of Expert Advisors (EAs), enhancing the currency trading experience. Additionally, FP Markets offers active traders the flexibility of choosing between popular platforms, including MetaTrader 4 and MetaTrader 5. A key objective for FP Markets is to deliver the finest product available in the market. Through solid partnerships with top-tier financial institutions, the broker ensures deep liquidity and tighter spreads for Forex traders. Coupled with an ECN Pricing model, traders can engage in transactions starting from as low as 0.0 pips on major currency pairs like EUR/USD, USD/JPY, and GBP/USD. Furthermore, aspiring traders can easily transition to a Live Account with a minimal initial deposit of just $100, making it accessible for new entrants in the Forex market. This commitment to providing excellent trading conditions solidifies FP Markets' position as a leading choice for Forex enthusiasts.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
$100 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
FP Markets
Country
Australia
Website
www.fpmarkets.com/int/
Product Features
Product Features
Currency Exchange
Analytical Reporting
Client Management
Custom Account Statements
Data Backup Scheduling
For Money Exchanges
Margin Management
Market Data Access
Position Management
Real Time Currency Quotes
Real Time Tracking
Transaction Management