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BF Scalper EA

Please, check my other products in MQL5 Market:

The logic behind BF Scalper EA is very simple but effective - the EA uses breakouts of the Bollinger Bands for entry and exit signals.

Reasonable stop loss levels vary between 20 and 60 pips.

You can use small fixed TP between 4-8 pips or leave the exit logic to take care of the position.

The exit logic is also based on the BB indicator and it will close the trade even on a loss when the price is near or breaks the opposite BB line. This is commanded by the BandBreakExit parameter which works best from minus one to plus one-two.

Recommended timeframe: M15

Supported currency pairs: GBPUSD, EURUSD, EURCHF, EURAUD, GBPCAD, USDCAD, USDCHF and USDJPY

The default settings are for GBPUSD. I have prepared set files for other supported pairs too. Since I cannot include them here, please contact me, and I will send them to you.

IMPORTANT: Pay attention to the CTHour1-6 parameters! They are very important! In order to get proper results, you have to set them correctly according to your broker GMT Offset. Read carefully the parameters explanation below!


Parameters

  • TicksTrade - if "false", the logic will be executed at the beginning of M1 bar, otherwise it will calculate and trade on a new price tick.
  • StealthMode true/false - conceal stop loss and take profit levels in program logic making them invisible to brokers. If you use this mode, the stop loss and take profit orders are not located in the trading server.
  • EmergencyStopDist - second level of protection, when StealthMode is used. At values greater than zero, it activates a second level of true (Emergency) StopLoss on a greater distance than the virtual hidden StopLoss is located. In such case, the value of the new emergency StopLoss will be the sum of the EmergencyStopDist value plus the value of the hidden StopLoss.
  • MinEquity - minimal equity needed for trading.
  • BandPeriod - Bollinger Bands period.
  • BandBreakEntry - breakout in 4-digit pips of the BB line to initiate an opposite trade (the value could be negative).
  • BandBreakExit - breakout in 4-digit pips of the opposite BB line to initiate closing of the existing trade (the value could be negative).
  • UseTrendFilter - change this to "true" if you want to trade only in the direction of the trend defined by the two MAs below.
  • MA_Fast_Period - fast moving average period.
  • MA_Slow_Period - slow moving average period.
  • MA_Trend_TF - timeframe of both MAs.
  • TimeRestriction - by default, this is "true" so the EA will trade only in the hours listed below. If you do not want to use the time filtration, change this parameter to "false".
  • CTHour1 - 6 - six possible slots for trading hours. Values 0 - 23 activate the slot. Enter a large value like 55 to deactivate the slot. Best results from our experience are achieved at 21 and 22 GMT. You absolutely should adapt this hours to your brokers GMT shift. The default values are adapted for GMT +2 (winter time).
  • WednesdaySwapFilter true/false - Wednesday swap filter cancels all trades in Wednesday evening in the direction of the negative swap, if the swap is worse than MaxNegSwapPips parameter.
  • MaxNegSwapPips - minus 0.5 pips seems reasonable threshold.
  • RolloverTimeFilter true/false - switch on/off the rollover time filter.
  • MinutesBefore - minute time interval before midnight, in which all trading operations will be canceled.
  • MinutesAfter - minute time interval after midnight, in which all trading operations will be canceled.
  • x_MaxSpreadFilter - switch on/off the rollover additional spread filter.
  • x_MaxSpread - multiply the initial MaxSpread, which will be allowed in general, before canceling all trading operations. As an example, if the MaxSpread is 6 and x_MaxSpread is 2, all trading operations will be canceled if the spread exceeds 6x2=12 pips.
  • RecoveryMode - activate the drawdown recovery. It works when AutoMM > 0.
  • FixedLots - fixed trading lots when AutoMM = 0.
  • AutoMM - money management. For example, AutoMM=5 means that the robot will trade with 5% risk.
  • ……….

The full parameter list and additional info are available in Blog.

If you like my product, please write a review! I will be very grateful!

If you want to be notified of my new products, please add me as a friend!


Victor Manuel Valderrama Zamora
1034
Victor Manuel Valderrama Zamora 2018.12.10 18:38 
 

AMAZING RESULTS IN THE BACKTEST WITH ALL THE RECOMMENDED PAIRS

Mohammad Oladi
2181
Mohammad Oladi 2018.12.01 14:10 
 

Thanks for this EA

I would like test it now and make a review later...

Mehdi Faraz Fard
593
Mehdi Faraz Fard 2018.11.21 14:29 
 

User didn't leave any comment to the rating

sunnychow
3324
sunnychow 2018.11.11 15:57 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Mikhail321
49
Mikhail321 2018.11.06 12:22 
 

Установил на 7 валютных пар на Tickmill - толчется в районе 0 уже недели три.

Nikolay Shabanov
184
Nikolay Shabanov 2018.11.03 22:27 
 

Спасибо!

Abner Ataupah
95
Abner Ataupah 2018.10.27 14:16 
 

Best night EA Ever... Yes, there are some bad period, that is why you have to look at your Money Management.. 0.04 per trade per $1000 is pretty safe, beyond 0.04, is DANGEROUS..

Iury Mendes Da Silva
427
Iury Mendes Da Silva 2018.10.20 15:56 
 

Good EA, but some trades start or end after NY close, when spreads are high. Krastev has better EAs and you should take a look at BF Smart Scalper, which is probably the best free scalper.

Latintrader
406
Latintrader 2018.10.20 14:56 
 

same comment Joebar

AirOne1
861
AirOne1 2018.10.12 14:18 
 

User didn't leave any comment to the rating

Joebar
1269
Joebar 2018.10.11 10:10 
 

Hello,

I use this EA for 5 months now in real account (on several reputable brokers, and different, with VPS less than 2ms)

Everything worked well for 3 to 4 months, and since now 1 month, I lost more than I had won.

It's time to stop.

I still have to thank the author for offering a free EA.

This EA is not bad, it only needs to be improved.

I was lucky that it works initially, it allowed me to cover the losses that I have for several weeks.

But someone who starts using it at the wrong time could lose very large amounts quickly.

The EA is not usable in the current state.

Above all, it lacks a filter for the news, because it is often because of that that you will lose your money.

I tested piles of "night scalper" like this one, and for the moment, paying or free the result is always the same.

Yes it is good to trade during low volatility, but the problem is there.

This type of EA is sensitive to the slightest change, and at each bad period you will lose all your winnings.

I'm not sure if a news filter will fix all the issues.

That's the limit of this type of strategy, I think, and that's the reason why nobody gets there.

All these EA "night scalpers" have the same problem.

Lap Bond James Lo
176
Lap Bond James Lo 2018.10.10 23:45 
 

I can't recommend more. Many thanks to Lachezar!

Evgenii Aksenov
5053
Evgenii Aksenov 2018.10.08 04:27 
 

User didn't leave any comment to the rating

forextraderkomin
15
forextraderkomin 2018.09.27 12:11 
 

Back test is very good ...

This is free....sure?

Andre Germe
143
Andre Germe 2018.09.25 01:05   

i use BF scalper on 20 pairs of currencies, many trades winner around 80 % the night, very good product. thank you.

Rodrigo Almeida
20
Rodrigo Almeida 2018.09.16 14:32 
 

Can you please send me the set files for the other pairs?

Nurettin Kilincarslan
643
Nurettin Kilincarslan 2018.09.13 10:26 
 

No live signal means it is not working !

Do not trust backtests!

Always there is a reason why the EA Seller does not provide a live signal.

Produces only losses !

JackieM
111
JackieM 2018.09.12 11:40 
 

It's free. Thanks.

Bernhard Falkner
156
Bernhard Falkner 2018.09.10 12:30 
 

In long term profit and lose are equal

Gcarlo47
60
Gcarlo47 2018.09.07 11:06 
 

Thanks for this unrivalled free EA

Xinc AB
1451
Andreas Bylund 2018.09.07 08:23 
 

The first month the scalper worked but for 2 months now it's making losses. Last week has been terrible

rome56
48
rome56 2018.08.14 16:00 
 

Thank you Mr Krastev for providing this amazing EA for free, to me is the best EA i ever use. Mr Krastev always replied my questions as if he has earn a lot of money from me. Truth is he he did not even charge me a single cent. Really a generous man with a big heart. I salute to you Mr Krastev.

bobotrader
419
bobotrader 2018.08.14 10:34 
 

bad results in backtest with Tick Data Suite

huythanh
14
huythanh 2018.08.04 05:05   

chưa thấy chạy ,ngày nghỉ nó không hoạt động

Dr Waleed Mahdy
1874
Dr Waleed Mahdy 2018.07.29 19:40 
 

excellent work

but for all body must get the lowest spread broker to get good result

Luiz Andre Vieira Almeida
648
Luiz Andre Vieira Almeida 2018.07.10 17:44 
 

Very good results!!!

Marcus Nyman
840
Marcus Nyman 2018.07.02 22:44 
 

Been using this system along with my other scalper systems since May 2018.

Performance on the live account: 12% monthly profit and 15% drawdown with medium risk management.

That is very good stats for a free EA. So thank you

John Patrick Siao
229
John Patrick Siao 2018.07.02 16:25 
 

Best Free Scalper as the name suggests!

Phillip Wallace
380
Phillip Wallace 2018.06.25 22:57 
 

Fast Response! Great EA on test!!! Thank you very much!

F0xF1r3
159
F0xF1r3 2018.06.23 01:26 
 

Muy buenas noches el motivo para escribir es para consultarle ¿cual es el horario que debo utilizar para mi broker HOTForex? muchas gracias por su ayuda.

Jaldip Ramani
964
Jaldip Ramani 2018.06.20 14:06 
 

User didn't leave any comment to the rating

Fabio Consola
124
Fabio Consola 2018.06.16 16:02 
 

profits and losses are equal

Elbakr
59
Elbakr 2018.06.16 13:44 
 

Very good EA thanks a lot.

Update: profits and losses are equal.

DiabolicGambit
19
DiabolicGambit 2018.06.13 03:18 
 

Messed up my risk.. but in one night this thing gave me +20% gain on my account.. real live ecn broker.. nice!

Sami Boumiza
180
Sami Boumiza 2018.06.12 18:48 
 

User didn't leave any comment to the rating

Mark Us
428
Mark Us 2018.06.12 12:44 
 

negative result after 3 weeks on 8 pairs. (-15€ with 0.01 lot) Tickmill Demo, VPS 15 ms.

Giuseppe Cacisi
634
Giuseppe Cacisi 2018.06.06 09:29 
 

Very very good!! Many thanks to the author for delivering us completely free.

Samuel Trokski
62
Samuel Trokski 2018.06.04 18:52 
 

I haven't expected to have such successful results in forex robot that is FREE. Thank you sooooo much!!

Alessandro Gabba
360
Alessandro Gabba 2018.06.01 13:42 
 

This robot is free and is the best scalper I`ve ever seen. IF you set it properly it performs better than actual paid scaplers.

Gerhard Beyer
302
Gerhard Beyer 2018.06.01 00:23 
 

thx for Share, realy Good Work.

888560
153
888560 2018.05.31 13:10 
 

Good!

nataliberkov
29
nataliberkov 2018.05.28 21:13 
 

I have done backtests and it is really promising forex robot! I will trade on real account with it for sure!!!! Good job! Thx

Serhii Stovba
196
Serhii Stovba 2018.05.28 07:58 
 

User didn't leave any comment to the rating

kostaka
35
kostaka 2018.05.25 16:26 
 

I think it is one of the best free EAs on the market. The tests are very promising. Good job Lachezar. Thank you for the free EA.

King S
205
King S 2018.05.23 04:11 
 

User didn't leave any comment to the rating

Paolo Ronchetti
943
Paolo Ronchetti 2018.05.17 22:17 
 

good

James Edward
123
James Edward 2018.05.17 13:12 
 

I have tested this expert advisor and I love it. Shows stable and successful results.

Gennadiy Voltornist
12006
Gennadiy Voltornist 2018.05.11 10:45 
 

работает на 8 парах, все в плюсе при открытых ордерах, закрывает в минус, ну как так?

Jens Bruns
222
Jens Bruns 2018.05.11 06:15 
 

Great so far! I use the EA since 1.5. on a live account at IC Markets. I use all eight pairs with the recommended settings. Almost all winners, 10% performance and no noteworthy drawdown. The publisher also quickly answers all questions. I keep testing. Thank you!

Matthew Todorovski
12197
Matthew Todorovski 2018.05.10 14:07 
 

Mediocre results in forward Demo test.

Ytalo Felipe Dos Santos Nascimento
210
Ytalo Felipe Dos Santos Nascimento 2018.05.04 09:41 
 

Perfect EA! Developer, thank you for all your support.

Krasimir Ivanov
275
Krasimir Ivanov 2018.04.27 20:41 
 

Very impressive and complete EA, I have been testing it for a while now and I can say that the results (on real account) are very good. Definitely one of the best free EA I have ever seen. From my observations, the broker selection is very important for the proper functioning of the EA. The support from the developer is quick and accurate. I keep testing and will provide further updates on the results.

Adelbrecht Koch
66
Adelbrecht Koch 2018.04.26 09:38 
 

best in eurusd and gbpusd

Hisayoshi Muramatsu
369
Hisayoshi Muramatsu 2018.04.24 16:04 
 

User didn't leave any comment to the rating

danichirri66
356
danichirri66 2018.04.24 12:44 
 

descargado y en pruebas ,de momento todos los SET son muy buenos ,casi demasiado para ser ciertos .

seguiré probando.

muchas gracias

Hiu Fung Gilbert Lo
292
Hiu Fung Gilbert Lo 2018.04.24 12:44   

looking forward to test it . thx