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
Explore the unique characteristics that establish the iProfit Forex Robot (MT4 EA) as a top-tier and lucrative option for professional traders and fund managers globally. This advanced neural network system is designed to adapt in real-time to the latest market movements, refreshing its predictions for highs and lows on an hourly basis. The iProfit Forex Robot (MT4 EA) operates independently, allowing users to trade across any currency pairs they prefer. It is compatible with the MT4 strategy tester, enabling back-testing on any selected data set. With minimal reliance on price feeds, it delivers consistent performance across various brokers. The system operates completely autonomously, ensuring a hands-free trading experience. Additionally, it guarantees that 100% of trades align with a reference account, eliminating dependency on broker feeds. The iProfit Cloner MT4 EA, utilizing continuous technology, promptly receives signals from iProfit and executes trades according to the risk parameters set by the trader, enhancing the overall trading efficiency. This seamless integration of features makes the iProfit Forex Robot an essential tool for those looking to optimize their trading strategies.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
$299 per year
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
iProfit
Website
iprofitea.com/forex-trading/