Robot scalper BF Smart Scalper EA
The key problem that any scalper faces is to separate false signals from quality ones that provide the opportunity to make money.
The most interesting thing is that to achieve this goal, many resort to using many incomprehensible algorithms, which only lead to the complication of the strategy.
However, the answer lies on the surface and lies in finding real price impulses, and not working with an empty and inactive market.
It is quite difficult to do this manually; it is best to use a special expert for these purposes.
Today we will look at just such a Forex advisor that will help you get maximum profit from scalping opportunities.
BF Smart Scalper EA is a robotic scalper built using a number of technical indicators, they allow it to find excellent entry points on pullbacks using smart analysis of market momentum.
Thus, the advisor is aimed at strong and sharp price movements, which allows it to carry out transactions with a very high movement potential.
The working time frame can be absolutely any chart, since the advisor examines the chart, being tied only to its own time frame.
Installing BF Smart Scalper EA
BF Smart Scalper EA is one of the most popular products in the Market from the developers of Meta Trader.
This popularity is due to the fact that the advisor has a very simple and reliable algorithm, and is also distributed by the developer completely free of charge, despite being posted in an online store.
Therefore, it can be installed through the market or data directory.
Installation through the market is the simplest and fastest, since it does not involve virtually any manipulations with the platform.
To do this, you just need to find the name of the advisor in the market; first, you can do this directly in your trading terminal and make a simple download by clicking on the download button.
In fact, the trading terminal will automatically launch and an advisor will be placed in it.
If the author of the advisor decides to remove it from the market or make it paid, you can resort to the standard installation scheme.
You can implement it by downloading the robot file at the end of this article and placing it in the appropriate folder of the terminal data directory, namely in a folder called Expert.
Regardless of exactly how you installed the robot, you must update the trading terminal in the navigator panel or simply restart it, because otherwise BF Smart Scalper EA will not appear in the list of your advisors.
In order for it to start trading, drag it onto the minute chart of the Euro/Dollar or Pound/Dollar currency pair.
Trading strategy BF Smart Scalper EA
The BF Smart Scalper EA expert implements its own scalping strategy based on several technical indicators.
The robot first determines the global trend by analyzing moving averages. Waits for the price to move a specified number of points beyond one of the boundaries of the Bollinger Bands channel.
As a result, the received signal is analyzed by an indicator, which is responsible for measuring the strength of the impulse, after which a deal is opened. Each position has both a stop order and a take profit.
In the StopLoss variable you can limit the size of the potential loss in points, and in the TakeProfit parameter you can set the profit target in points.
The BandPeriod variable is responsible for the period of the Bollinger Bands, while in the BandBreakEntry variable you enter the value of the breakout of the channel border in points for the advisor to open a deal.
That is, the distance the price will travel after crossing the border. The MA_Fast_Period and MA_Slow_Period variables are responsible for the calculation periods for the fast and slow moving average.
The Trend_Impulse variable is responsible for calculating the impulse indicator, and the MA_Trend_TF variable allows you to change the working time frame on which the trend is analyzed by moving averages.
The FixedLots variable is responsible for the position volume, and the AutoMM variable allows you to calculate the position volume depending on the specified risk percentage of the deposit.
Testing
The author of the robot recommends testing and optimization on a five-minute chart at opening prices.
Therefore, following his recommendations, we tested it in a strategy tester with default settings.
Testing took place during the first half of 2018 on a five-minute time frame of the Euro/Dollar currency pair:
As you can see from the profitability chart, BF Smart Scalper EA can easily be classified as an effective and profitable expert.
True, one cannot call him a scalper, since 5% of profit is far from the indicator with which scalping advisors usually work.
Perhaps optimization will allow you to squeeze more out of the robot in question, but with the default settings, the profit still leaves much to be desired.
Download the BF Smart Scalper EA advisor .
Recommended advisor for scalping - http://time-forex.com/skalping/xmt-scalper