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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
The Forex Gump EA is an exceptionally profitable Forex trading robot that incorporates a trendy candle and news filter. This automated trading solution operates daily, ensuring that each order's take profit level is tailored to the prevailing conditions in the foreign exchange market. Users can choose from three distinct settings: High, Middle, and Low, which help to safeguard against losing more than the specified amount in the EA's parameters, even in the event of a system failure. This innovative technology supports a unique multi-currency strategy, effectively managing nine currency pairs, including AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY, all on the M1 timeframe. By relying on this Forex trading system, traders can eliminate emotional decision-making and the influence of external factors, allowing for consistent performance regardless of daily pressures. Its design ensures continuous operation five days a week, diligently seeking out profitable trading possibilities so that users can capitalize on every potential opportunity without the risk of missing out. This means that unless you manually deactivate the system, your chances of securing profitable trades remain intact.
API Access
Has API
API Access
Has API
Pricing Details
$97 one-time payment
Free Trial
Free Version
Pricing Details
€199 one-time payment
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
Forex Gump
Founded
2017
Website
www.forexgump.eu/