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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

In Forex trading, safeguarding your deposit is paramount, which underscores the necessity of effective money management. Our Expert Advisor (EA) is designed to precisely define the maximum drawdown allowable, ensuring that you won’t exceed your anticipated losses no matter the situation. This EA employs advanced technology to automatically set StopLoss for all active orders at a level that guarantees you won’t lose more than what you have configured in its settings. The innovative algorithm behind Forex inControl is so versatile that it can seamlessly operate across various currency pairs; however, we have strategically selected the top two. By trading on these two pairs, potential losses from one can be offset by gains from the other, enabling a balanced approach to risk. This method of diversification not only stabilizes profits but also provides the flexibility to manage drawdowns independently for each pair, significantly enhancing your ability to mitigate risks. Ultimately, this strategy presents a compelling opportunity to achieve consistent profits while minimizing exposure to potential losses.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5

Pricing Details

$97 one-time payment
Free Trial
Free Version

Pricing Details

$270 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 inControl

Founded

2013

Website

forex-incontrol.com

Product Features

Product Features

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