We’re going to introduce to you the next review about FXAutomater’s EA. Today it’s BF Scalper Pro robot.
Pricing of BF Scalper Pro
The first, we’ve seen was an offer.
So, we’re offered to buy a robot with -30$% OFF during the next 18 hours. It’s a lie. The same we’ve seen on Forex Combo System yesterday.
The robot is positioned as a professional version of its own free EA: BF Scalper EA. There has been improved the exit from the trades logic that allows lowering drawdowns, and decrease losses. As well, BF Scalper Pro has got the ATR based stop-loss system to set more correctly stop-loss levels.
The noticed features are strong, pure and simple trading logic, reasonable TP&SL levels, low DDs, 18 years backtest performance, supporting multiple currency pairs, news and volatility filters, extended and well-designed exit logic, notification system, Friday exit system, and grid system.
The recommended time frame is M15. Supported currency pairs: GBP/USD, EUR/USD, EUR/CHF, EUR/AUD, EUR/CAD, GBP/CAD, USD/CAD, USD/CHF, and USD/JPY. The default currency pair to go is GBP/USD. Other currency pairs set files have to be requested via email.
We’re warned that “MondayTradingHours, TuesdayTradingHours, WednesdayTradingHours, ThursdayTradingHours and FridayTradingHours! In order to get proper results, you have to set them correctly according to your broker GMT Offset… do not even think to try it on random brokers, or micro accounts – only on well-known ECN brokers with tight spreads.” So choosing the right brokerage company will be a big deal for new traders.
Setting up the features looks like a screenshot.
The devs provide an extended explanation about all features and their set up.
BF Scalper Pro costs $100 with 30% OFF. The package includes one real account, three demo ones, support, and a 60-day money-back guarantee.
Main Features of BF Scalper Pro
BF Scalper Pro has been featured by the grid system to improve profitability of the system during various market conditions.
There’s an optional griding system. The system provides more flexibility with choosing a brokerage company and become to be more profitable. We can use the grid system as a normal grid, grid with martingale risk policy and in a more aggressive way.
So, there are four pages about how to set the grid system correctly depends on your expectations.
It’s one of many backtest results we can find in the presentation.
The owner runs the forex robot on three accounts: two of them demo ones and a real one. Let’s take a look at the real one.
So, we’ve got a real USD account with ForexMarkt as a brokerage company with 1:500 leverage level and trading on the MetaTrader 4 platform. The account has been started at July 2019. During the period there’s +29.02% of the gain. The robot provide almost 4% of the monthly gain with quite low DDs (4.82%). The robot is able slowly but surely grow the account balance.
As you can see from the spreadsheet, the results are safe and sound.
There have been traded 798 trades with almost 3000 pips. The average win rate across longs and shorts is the same 71-72%. The profit factor is quite good and equals 1.98. The average trade length is mid-size and equals 16 hours.
As you can see, some of the currency pairs are not quite successful like other ones. The most tradeable currency pairs are EUR/CAD, EUR/AUD, GBP/USD.
The most tradeable hours is the scalper’s ones.
The robot runs with the lowest possible risk of ruin the account.
You’re allowed even to check open trades with an applied number of an algorithm.
The % between pairs looks like that. The most popular currency pair for BF Scalper Pro is EUR/CAD (59.7%).
You can notice that the fx robot owner runs WallStreet EA too for the real money with good success.
BF Scalper Pro: Pros & Cons
- The best price compared to the robot’s results
- Real account results
- Mid-range monthly gain
- Low DDs
- High profitability on the favorite currency pair
- Multi pairs trading
- Various grid method
- A lot of backtests
- Good reviews on MQL5
- Just half of a year real account data