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What is Forex inControl?

In the realm of Forex trading, protecting your capital is essential, highlighting the importance of robust money management strategies. Our Expert Advisor (EA) is specifically engineered to establish a clear maximum drawdown limit, ensuring that your losses remain within your predefined expectations, regardless of market conditions. Utilizing cutting-edge technology, this EA automatically adjusts StopLoss levels for all open trades to a threshold that prevents you from exceeding your specified loss limits. The sophisticated algorithm at the heart of Forex inControl boasts the capability to function effectively across a range of currency pairs; however, we have chosen to focus on the top two for optimal results. By concentrating on these two pairs, any potential losses incurred in one can be counterbalanced by gains in the other, promoting a more measured approach to risk management. This diversification strategy not only helps stabilize profits but also allows for tailored drawdown management for each pair, significantly improving your risk mitigation efforts. Overall, this carefully crafted approach offers a unique opportunity to achieve steady profits while reducing your vulnerability to significant losses, making it a strategic asset for any trader.

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

$270 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 inControl

Date Founded

2013

Company Website

forex-incontrol.com

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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