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What is BF Scalper EA?

The strategy is straightforward yet highly effective. The Expert Advisor (EA) utilizes breakouts from the Bollinger Bands to generate signals for entry and exit points. In our view, the Bollinger Bands stand out as the most exceptional technical indicator ever developed, and we extend our gratitude to Mr. John Bollinger for this innovation! Throughout our experience with various indicators and trading strategies, we have found that the Bollinger Bands excel at capturing market volatility for scalping purposes. The stop loss is typically set within a range of 20 to 60 pips. Traders can choose between a fixed take profit of 4-8 pips or allowing the exit logic to dictate the position management. The BB indicator plays a crucial role in determining exit strategies, closing trades regardless of whether the price surpasses the opposite Bollinger Band line, managed through the "BandBreakExit" parameter, which performs optimally within a range of minus one to plus one-two. The backtest results for our forex robot BF Scalper have shown promising performance on several currency pairs, including EURUSD, USDCAD, EURCHF, USDJPY, GBPCAD, GBPUSD, and USDCHF. Additionally, the EA features robust spread protection, which is essential; utilizing limit orders can lead to unpredictable spreads of 10 to 20 pips, and a single trade with such a spread can wipe out the profits from multiple successful trades, given that the average expectancy in this trading style typically ranges from 2 to 3 pips at best. Thus, ensuring the integrity of each trade is critical to maintaining overall profitability.

What is 100eyes?

Stop spending endless hours looking for viable trading entries. The 100eyes scanner proactively notifies you whenever it uncovers compelling trading prospects. This adaptable tool is completely customizable and can identify support and resistance levels, Fibonacci retracements, RSI divergences, and a variety of other indicators. With the 100eyes Crypto Scanner, alerts for your selected cryptocurrencies are generated based on technical analysis, allowing you to remain hands-free. It is compatible with all Binance trading pairs and can also function on other exchanges. You have the flexibility to choose your desired indicators, timeframes, and trading pairs! The scanner actively watches the market, continually seeking valuable insights such as RSI divergences, key support or resistance levels, and Fibonacci retracements. Furthermore, it is designed to alert you about multiple technical indicators, including MACD, Bollinger Bands, EMAs, and Stochastics. As soon as the scanner spots a significant opportunity, you’ll receive a prompt notification via Telegram, ensuring you are always updated on potential trades. This cutting-edge tool makes it possible for traders to concentrate on developing strategies rather than getting bogged down in time-consuming searches, ultimately enhancing their trading experience. By streamlining the process, it allows users to maximize their trading potential with ease.

Media

Media

Integrations Supported

MetaTrader 4
MetaTrader 5
Telegram

Integrations Supported

MetaTrader 4
MetaTrader 5
Telegram

API Availability

Has API

API Availability

Has API

Pricing Information

$97 one-time payment
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FXautomater

Company Website

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

Company Facts

Organization Name

100eyes

Company Location

Nederland

Company Website

www.100-eyes.com

Categories and Features

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