Average Ratings 0 Ratings
Average Ratings 49 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
Experience the most reliable automated trading account management and robot services designed to enhance your Forex trading experience, whether through our expert Forex robots, signals, or by allowing us to grow your account on your behalf. For more information regarding our account management or EA services, feel free to sign up or reach out, as our team is readily available via email or Telegram to assist you. Having been recognized as a leading forex account management and automated trading service in both 2010 and 2019, we proudly serve over 26,800 clients globally. Engaging in trading markets, indices, and commodities can involve significant risks, and it may not be appropriate for everyone, as the potential for high leverage can lead to both gains and losses. It is important to acknowledge that you could incur a loss of some or all of your initial investment, which is why we advise against investing funds that you cannot afford to lose. Please note that we do not accept direct deposits or investments; EliteFxgo operates solely as a financial consultancy and fund management firm dedicated to providing expert guidance. Always remember to make informed decisions when it comes to your financial investments and seek professional advice when needed.
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
$100
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
EliteFxgo
Founded
2018
Country
United Kingdom
Website
elitefxgo.com