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  • Reviews (18)
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BF Smart Scalper EA

All genius things are elegantly simple. BF Smart Scalp EA is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse, after a reasonable correction is detected. In the core of this trading principle is our deeply encoded human psychology, which will never change. Our goal was to keep BF Smart Scalp EA as simple as possible in order to prevent the curve-fitting, which is the biggest enemy of the EA trading.


BF Smart Scalper EA Features

  • Strong, pure and simple trading logic
  • 24/5 trading, without any time restrictions – no GMT shift hassles
  • Reasonable TP and SL levels
  • Low drawdown
  • Small number of system parameters – easy optimization and no curve fitting worries.
  • Solid 18-year backtest performance
  • Multiple currency pairs support


Instructions and recommendations

You can use Auto MM=2% (low risk) up to 10% (high risk), according to the significance of your account and your risk and profit expectations.

Reasonable fixed Lot size is 0.05 on 1k account balance, or 0.5 lots on 10k account balance.

If you use multiple currency pairs, you should consider decreasing the risk accordingly.

Supported currency pairs: GBPUSD, EURUSD, USDCHF

The default settings are for GBPUSD. The robot can be used on other currency pairs, too. For other supported pairs and .set files, please check here.

You can run the EA on M1 or M15 chart – it makes no difference for the EA, as all used timeframes are hardcoded.

You can backtest and optimize the EA on M1 chart by “open price only” method – this will be correct enough and save you a lot of time.

Finally, please, bear in mind that Holy Grails in trading does not exist! Even the best system suffers some bad periods. BF Smart Scalp EA is using very reasonable SL levels, so they can get hit /even repeatedly/ in bad market condition. Please, do not leave negative comments after every SL hit, or losing trade!


Parameters

  • Magic - magic number - it is extremely important to keep this different for all robots
  • EA_Comment - text to be set as a trade comment
  • MaxSpread - maximum allowed spread
  • Slippage - maximum allowed slippage
  • StopLoss - stop loss value in standard 4-digit pips - reasonable value range 30-100, opt. step 5
  • TakeProfit - take profit value in standard 4 digit pips - reasonable value range 5-30, opt. step 1
  • BandPeriod - Bollinger Bands period - reasonable value range 5-20, opt. step 1
  • BandBreakEntry - breakout in 4-digit pips of the BB line to initiate an opposite trade (the value could be negative) - reasonable value range 0-5, opt. step 1
  • BandBreakExit - breakout in 4-digit pips of the opposite BB line to initiate closing of the existing trade (the value could be negative) - reasonable value range (-5) to 5, opt. step 1
  • MA_Fast_Period - fast moving average period - reasonable value range 1-20, opt. step 1
  • MA_Slow_Period - slow moving average period - reasonable value range 20-120, opt. step 5
  • Trend_Impulse – relative strength of the market impulse - reasonable value range 0-60 opt. step 5
  • MA_Trend_TF - timeframe of both MAs.
  • FixedLots - fixed trading lots when AutoMM = 0.
  • AutoMM - money management. For example, AutoMM=5 means that the robot will trade with 5% risk.


Check my other forex robots and indicators here: https://www.mql5.com/en/users/autotrader/seller#products

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

If you want to be notified for my new products, please add me as a friend! I regularly publish new products.

nasud
292
nasud 2018.08.13 13:26 
 

User didn't leave any comment to the rating

13599561836
14
13599561836 2018.08.12 16:21 
 

Thanks for the good job,I would like to try it!

ozzyno76
232
ozzyno76 2018.08.08 16:15 
 

Congratulations, excellent free expert

adityaghifaripratama
19
adityaghifaripratama 2018.08.05 15:00 
 

win to win solution, i run this EA with 0.01 always positive result the robot really play safe , GOOD

Fabio Consola
123
Fabio Consola 2018.06.24 18:59 
 

For now very good ... I recommend .... I will update my review in a month. (I'm using the set provided by Lachezar Krastev with a lot of 0.01 to test it)

Yrshop2
140
Yrshop2 2018.06.23 02:20 
 

I've been in here for years, and this is my first review.. I must say, wow.. Finally an ea that's accurate, wins large trades, and loses small trades! The stop loss can say 50 pips, and the ea still only loses maybe 5 pips sometimes.. That's smart, and simply makes money.. Congratulations, and such a wonderful creation.

I have rented,bought, and tried well over 500 ea's in the past 6 years here, and this is the most impressive ea I've seen on a real money account.Thanks again..

Morard Kevin
807
Morard Kevin 2018.06.22 07:28 
 

Very good

danichirri66
271
danichirri66 2018.06.15 09:43 
 

muy buena ,seguiré probando

Hola ,continua probando el robot y cada vez me gusta mas ,pero para algunas configuraciones con TP mas amplios seria muy bueno que contásemos con un trailing stop ,seria posible esta mejora para una próxima actualización ?????

gracias y buen comercio para todos

Krasimir Ivanov
244
Krasimir Ivanov 2018.06.13 08:23 
 

5 stars product, it makes few trades but very well filtered and so far very profitable! The EA is also taking a good care of the position in case it goes in the wrong direction and from my observations closes it on the lowest loss possible. 5 stars for the developer as well, since he answers all the questions almost immediately! Thanks for this generous contribution Lachezar!

King S
166
King S 2018.06.09 06:32 
 

User didn't leave any comment to the rating

Roman Efimov
450
Roman Efimov 2018.06.07 14:07 
 

User didn't leave any comment to the rating

Mohamed Sanjania
390
Mohamed Sanjania 2018.06.06 01:25 
 

Good forward testing till yet. Will keep posting to see how the EA performs overall longterm. For now its a good product.

Paolo Ronchetti
905
Paolo Ronchetti 2018.06.04 13:35 
 

User didn't leave any comment to the rating

Aussie_Trader
527
Aussie_Trader 2018.06.04 07:19 
 

Thanks to the author for the opportunity but high degree of probability it will lose money over the medium to long term - 6 weeks or more. See my comments #5 and #7

Hisayoshi Muramatsu
306
Hisayoshi Muramatsu 2018.06.03 18:43 
 

User didn't leave any comment to the rating

Alexey Suvorov
545
Alexey Suvorov 2018.06.01 22:53 
 

User didn't leave any comment to the rating

Soufiane Tarja
22
Soufiane Tarja 2018.06.01 08:59 
 

GOOD JOB YOUR EA IN BACK TEST LOOKS GREAT

Gerhard
97
Gerhard 2018.06.01 00:16 
 

Thanks a Lot for Share this free EA.

Backtest for GBPUSD and USDCHF looks well. Now i try on real Account.

I am not always so fast, but i tested your other Free EA BF Scalper EA also and he works well.

Not only one of the best free EA, i thing you could mess it easy with the most other sold Scalper EA.

Now i search for other Currencies with it.

thx thx thx