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
If you've ever utilized signal indicators, you're familiar with those alerts that appear on your trading charts to prompt buy or sell actions. You might find yourself still manually trading, which often leads to spending endless hours in front of your screen, risking the chance of missing out on trades or the perfect moment to exit a position due to momentary distractions. InstantEA is a remarkable tool that transforms any signal indicator into a Forex robot for the Meta Trader 4 and Meta Trader 5 platforms in no time. Its user-friendly and adaptable nature allows you to easily configure the system to trade according to your preferred indicator settings. You can swiftly back test your indicators, experiment with various settings, and fine-tune your approach. With InstantEA, you can seamlessly run your indicators on both live and demo accounts automatically, freeing you from the need to be glued to your computer for hours. This innovative solution turns your indicators into completely automated Forex robots, so instead of constantly monitoring your charts for signals, you can simply let InstantEA handle the trading, management, and closure of your trades while you focus on other important tasks. This not only saves time but also enhances your trading efficiency significantly.
API Access
Has API
No
API Access
Has API
No
Pricing Details
$97 one-time payment
Free Trial
No
Free Version
No
Pricing Details
$247 one-time payment
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
Yes
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
FXautomater
Website
www.fxautomater.com/forex-robots/bf-scalper-ea
Vendor Details
Company Name
LeapFX
Founded
2012
Website
www.leapfx.com/instant-ea/