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
Korvato markets itself as a cutting-edge AI software firm that provides sophisticated algorithmic strategies designed for different market environments. At the heart of its offerings is an automated trading system known as Optimus AI, which aims to facilitate passive income generation by managing trading activities. The platform claims that users can earn profits effortlessly, leveraging AI to initiate trades and gradually build positions until desired profit levels are achieved. By merging traditional investment strategies with innovative technology, Korvato seeks to enhance the overall investment process. Nevertheless, there are ongoing debates within the community, as some users contend that the bot merely gathers positions until preset price targets are reached, rather than engaging in proactive trading. Trust reviews reveal a level of skepticism among potential users, and commentary from the community indicates concerns about whether the system truly meets its promotional claims, leaving many to question its effectiveness. Ultimately, the disparity between expectations and reality raises important considerations for those contemplating using the platform.
API Access
Has API
API Access
Has API
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
Korvato
Country
United States
Website
www.korvato.com