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Average Ratings 0 Ratings

Total
ease
features
design
support

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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

TradeAnalysis is an online analytical tool designed for retail traders and investors involved in various markets including forex, cryptocurrencies, metals, oil, and U.S. equities. It features four distinct bots—Scalper, Basic Day, Advance Day, and Swing—that utilize rule-based smart-money-concepts to evaluate multiple chart timeframes, offering insights such as directional bias, entry zones, stop-loss levels, two risk-based targets, and reasoning, or suggest a HOLD when the established criteria are not satisfied. Additionally, there are ten AI-driven research workflows that assist users with stock screening, discounted cash flow valuation, earnings and technical analysis, pattern research, macroeconomic evaluations, portfolio construction, and risk management. While paid subscriptions offer monthly usage limits, a free account grants access to calculators and daily analyses of gold, EUR/USD, and GBP/USD. Importantly, TradeAnalysis does not execute trades; its outputs serve solely as educational research rather than financial advice, ensuring users make informed decisions based on their own due diligence. This platform aims to empower traders with valuable insights while maintaining a clear distinction from direct trading actions.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

MetaTrader 4 Yes 
MetaTrader 5 Yes 

Integrations

MetaTrader 4 No 
MetaTrader 5 No 

Pricing Details

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

Pricing Details

$4.99/month
Basic is $4.99/month, billed monthly with 150 workflow runs. Pro is $14.99/month for 500 runs and includes 10 research workflows; Elite is $49.99/month with unlimited runs. Annual billing costs the equivalent of 10 monthly payments. A free account unlocks calculators and gold, EUR/USD, and GBP/USD analysis, but running workflows requires a paid plan.
Free Trial No 
Free Version Yes 

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) 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

Thanexa Solutions

Founded

2026

Website

tradeanalysis.io

Product Features

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