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What is MyForexPath?

MyForexPath is a cutting-edge automated Forex trading system designed to identify market trends and execute trades accordingly. It utilizes advanced algorithms and technical indicators, such as Moving Averages (MA) and Parabolic SAR, while concentrating on three major currency pairs: AUD/USD, EUR/USD, and USD/CAD. This expert advisor is tailored for compatibility with both MetaTrader 4 and MetaTrader 5 platforms, operating through four distinct trading sessions for each currency pair, which enhances the number of signals generated while ensuring their quality remains high. Moreover, it incorporates a comprehensive drawdown control mechanism with smart stop loss calculations to protect against unforeseen losses. Backtesting outcomes indicate that, under maximum risk scenarios, an initial investment of $1,000 could have potentially soared to over $11 million on the AUD/USD and EUR/USD pairs, and even surpassed $17 million on the USD/CAD pair. When applying normal risk parameters, the same initial investment could yield returns between $51,214 and $478,632 across all three currency pairs. With an impressive average win rate ranging from 65% to 70% for each trade, MyForexPath emerges as a trustworthy alternative for both beginner and seasoned traders. Its combination of sophisticated strategies and a well-documented history of success positions it as a standout option in the dynamic landscape of Forex trading, appealing to those seeking reliable and potent trading solutions.

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

$285 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

MyForexPath

Company Website

myforexpath.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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