Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
The BF Grid Master EA, a highly profitable trading strategy designed specifically for the GBPUSD currency pair, is very efficient. 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. This is because they can provide consistent gains and high performance with a minimal risk. They can also fail in some circumstances. Grid-based trading is only possible if there are two things that are crucial to its success: the right entry and exit trading logic, and the applied risk. The BF Grid Master EA picks up the right moment to enter the market and for additional grid based recovery trades. This unique feature is not available in any other grid EA.
BF Grid Master EA is designed to pick up the right moment for the initial market entry and for the following additional grid based recovery trades. The second safety line of additional trades is an unique feature, which is not present in any other grid EA on the market. This feature allows a safe “high frequency” scalping, when the price is in narrow range and as well a second line of distant drawdown compensating trades in case the market price breaks in the wrong direction.
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.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
$97 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-grid-master-ea
Vendor Details
Company Name
FXautomater
Website
www.fxautomater.com/forex-robots/bf-scalper-ea