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
Forex Profita stands out as a top-tier Forex signal service, offering traders around the globe daily real-time trading signals. Their experienced team of analysts utilizes effective trading techniques and thorough technical analysis to produce precise and trustworthy signals. Subscribers can conveniently receive these signals through WhatsApp, Viber, and Telegram, which include detailed entry points, stop loss, and take profit levels, enabling well-informed trading choices. The service focuses on nine key currency pairs: EUR/USD, USD/CHF, GBP/USD, USD/JPY, USD/CAD, AUD/USD, EUR/JPY, NZD/USD, and GBP/CHF. Forex Profita prioritizes risk management by delivering meticulously structured signals, typically featuring an average stop loss of 30 pips and a take profit of 40 pips, all aimed at ensuring steady monthly gains. They provide a variety of subscription options, each including a dedicated account manager to assist clients throughout their trading journey and offer round-the-clock support. Additionally, the platform enriches its offerings with educational materials, such as tutorials for using MetaTrader 4, to empower traders in their decision-making. This comprehensive approach not only enhances trading skills but also fosters a deeper understanding of market dynamics.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
$100 per month
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
Forex Profita
Country
Australia
Website
www.forexprofita.com