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What is Forex Megadroid?

The wealth of experience accumulated from tackling the intricacies of Forex trading in demanding conditions has certainly proven advantageous. Those who have watched the introductory video on the main page (which we strongly recommend) should already recognize what sets Forex Megadroid apart from the many Forex robots that often fail to deliver results. It's fascinating to consider that in the past, trading was carried out entirely without any technological support, as traders relied exclusively on their intuition and skills to formulate, test, and execute various strategies. Our human capacity for critical thinking plays a vital role in this process, as we convey our insights to computers, fostering a productive collaboration. The effectiveness of the ideas we input into the system is crucial, as it can lead to either exceptional success or disappointing outcomes, underscoring the significance of quality in our trading methodologies. In today’s fast-paced market, grasping this essential difference can greatly enhance your potential for trading success, making it imperative to focus on the development of high-caliber strategies.

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.

Media

Media

Integrations Supported

MetaTrader 4
MetaTrader 5

Integrations Supported

MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

$67 one-time payment
Free Trial Offered?
Free Version

Pricing Information

$97 one-time payment
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

Forex Megadroid

Company Website

forex-megadroid.com/index.php

Company Facts

Organization Name

FXautomater

Company Website

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

Categories and Features

Categories and Features

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