BF Scalper EA 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.
BF Scalper EA Alternatives
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CompUp
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Core Product Modules:
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Grid Master PRO
Grid Master PRO is our professional version of the popular EA BF Grid Master EA. This PRO version has many new features and systems to enhance its overall performance. Grid Master PRO has 3 additional trading strategies that increase the total profit. Grid Master PRO has been enhanced with advanced time management system, notification system, Friday Exit System and Advanced News Filter. We also added additional parameters to make Grid Master PRO more flexible. Grid Master PRO is a highly profitable and effective trading strategy that was specifically designed for the GBPUSD currency pair. It can be used for any trading instrument if it's used correctly. Grid-based trading techniques are a controversial topic in the trader community.
Grid Master PRO comes with Money Management System. You can set a risk in percents and the robot will automatically calculate the lots according the risk and your account free margin. Grid Master PRO is equipped with Advanced News Filter. Thanks to this filter you can avoid trading during most important news and events. The news filter can increase the profit factor of the system and reduce the drawdown. It is disabled by default and you can configure it precisely.
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Happy Market Hours
Happy Market Hours employs a trend/scalping strategy utilizing technical indicators that are particularly effective on currency pairs such as EURUSD, EURCHF, EURGBP, USDCAD, USDCHF, and GBPUSD when analyzed on the M15 chart. This expert advisor is optimized for use on standard or ECN accounts; however, it's important to note that not all brokers are appropriate for implementing a scalping strategy. The system includes a Spread Filter that prevents the EA from executing trades when the broker's spread exceeds a predetermined level, ensuring more favorable trading conditions. Additionally, it utilizes dynamic stop loss and take profit levels that adjust according to market sentiment, allowing for more responsive trading. The Happy Market Hours trading system is designed for traders of all experience levels in the forex market and is compatible with any sizable client accounts that utilize the Metatrader application. Ultimately, this EA aims to enhance trading efficiency and profitability for users in the foreign exchange arena.
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Pricing
Pricing Starts At:
$97 one-time payment
Integrations
Company Details
Company:
FXautomater
Website:
www.fxautomater.com/forex-robots/bf-scalper-ea
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Product Details
Platforms
Windows
Mac
Types of Training
Training Docs
Live Training (Online)
Customer Support
Business Hours
Online Support
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