Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

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

News Scope EAPRO is a highly profitable strategy for high-impact news trading. When a major news event occurs, the prices tend to spike in one or both directions. This creates an opportunity to scalp short-term. If the price movement is sufficiently strong, traders can gain 20 pips or even more in a matter of seconds. There are always risks and liquidity issues during high volatility moments can lead to execution delays, spread increases, and slippage. The broker conditions have improved over the years and spreads during major news events have fallen. This makes news trading profitable. News Scope EA PRO includes a money management system. The robot will automatically calculate your account's free margin and risk by setting a percent risk. News Scope EA 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. In addition it comes with Advanced News Filter, Exit by Trailing Stop & Back-tick detection, Advanced Time Management System, E-mail and Push Notification System and etc.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

MetaTrader 4 Yes 
MetaTrader 5 Yes 

Integrations

MetaTrader 4 Yes 
MetaTrader 5 Yes 

Pricing Details

$97 one-time payment
Free Trial No 
Free Version No 

Pricing Details

$167 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 No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac Yes 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
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) Yes 
In Person No 

Vendor Details

Company Name

FXautomater

Website

www.fxautomater.com/forex-robots/bf-scalper-ea

Vendor Details

Company Name

FXautomater

Website

www.fxautomater.com/forex-robots/news-scope-ea-pro

Product Features

Product Features

Alternatives

Alternatives

Forex Combo System Reviews

Forex Combo System

FXautomater
BF Grid Master EA Reviews

BF Grid Master EA

FXautomater
BF Scalper EA Reviews

BF Scalper EA

FXautomater
Grid Master PRO Reviews

Grid Master PRO

FXautomater
Gold Trader Reviews

Gold Trader

LeapFX