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
MyForexPath is an advanced automated Forex trading robot that effectively detects market trends and executes trades based on those insights. It employs sophisticated algorithms and technical indicators, including Moving Averages (MA) and Parabolic SAR, and focuses on three specific currency pairs: AUD/USD, EUR/USD, and USD/CAD. This expert advisor is optimized for use with both MetaTrader 4 and MetaTrader 5 platforms and operates through four independent trading sessions for each currency pair, which increases the frequency of signals while maintaining high quality. Additionally, it features a robust drawdown control system with intelligent stop loss calculations to safeguard against unexpected losses. Backtesting results reveal that, under maximum risk conditions, an initial investment of $1,000 could have potentially escalated to over $11 million on the AUD/USD and EUR/USD pairs, while exceeding $17 million on the USD/CAD pair. When utilizing normal risk settings, the same starting investment may have produced returns ranging from $51,214 to $478,632 across all three currency pairs. With an impressive average win rate of 65–70% per trade, MyForexPath stands out as a reliable option for both novice and experienced traders. Its sophisticated strategies and proven track record make it a compelling choice in the competitive world of Forex trading.
API Access
Has API
No
API Access
Has API
No
Pricing Details
$97 one-time payment
Free Trial
No
Free Version
No
Pricing Details
$285 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
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
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
MyForexPath
Website
myforexpath.com