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BF Smart Scalper EA
There is a PROFESSIONAL version of BF Smart Scalper EA! Check it here: https://www.mql5.com/en/market/product/32426
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.
Christophe Godart
2018.11.28 06:55
#
One of my favorite free EAs. I set risk AUTOMM to 10. The lot will be 2% of the account
Abner Ataupah
2018.10.27 14:19
#
this EA is worthed $1000, safe, steady, and profitable in the long run.. once again, look at your MM.. Every system always have some bad period..
Paolo Piergentili
2018.10.10 09:31
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Effettuati BT dal 01/01/2010 su GBPUSD, EURUSD, USDCHF...non posso che confermare la validità!! Complimenti!!
Comprerò sicuramente quelli a pagamento!
(Qualcuno può consigliarmi -tra quelli a pagamento- con quale iniziare?)
Iury Mendes Da Silva
2018.10.08 14:10
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Results seems to match with backtests. But, if you want to minimize DD, reduce stoploss to 35 pips (this won't reduce the profit too much, but can reduce DD in half).
Vincent Visoiu
2018.09.20 21:19
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Great performing EA and for free! I'd like the initial SL to be smaller but overall a great performer on a live account! Author is also very knowledgeable about the market and coding good concepts into EAs.
James Edward
2018.09.13 09:30
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Another very successful and completely FREE expert advisor. You are amazing person!!!! You give such successful forex robot for free, this is unbelievable. thank you very much
Roman Dubnička
2018.09.11 11:45
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Agree with other reviewers. Testing on real account two weeks and is profitable so far. Also BT 99,9% looks good. The best free EA and with nice strategy logic. Great work Lachedar and thanx for providing this EA for free.
Gerhard Füssel
2018.09.05 08:38
#
As i can't look into future i have to rate what i know about this robot: since a few weeks it runs on my live account and it's more profitable than some other Scalpers they were sold for a lot of money. Developers of Salping EA's should have a look first to this EA before selling their products. It's a great EA and it's a great EA for free. Doublegreat 10 Stars.
MagusNotes
2018.08.30 14:37
#
This EA is true to it's name. "Smart". I would say genius. It doesn't over trade, it trades when it should. 99.9% of the time closes with profit. DD is very low. The creator is very helpful and responds quickly. This EA competes many others that cost hundreds of dollars. I would give 6 stars to this EA. Thank you for so generously offering this for free.
Chunzhu Yu
2018.08.26 14:40
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这个EA，刚开始使用是在demo帐号上，测试，有收益，但感觉平日开单少，有时候几天不开单。所以，没有重视这个EA。今天又对它进行了几次测试，分别放在不同的TF（时间）上测试，结果大出所望。没有想到M30是GBPUSD的最好效果、我使用的mm是20.当然这个风险很多人觉得高。结果是收益走势一路走高，有直上云宵的感觉。在不到一年的时间，500$上升到21000$,40多倍的收益啊，相当的可观。看看截图吧。看来，这个EA是很有潜力的。以后会好好把它应用的真实帐号中。由此可见，很多的EA不是它不好使用，而是很多人没有开发出它的真正潜力。
怎么感觉上传不了截图？
Luca Pulito
2018.08.22 19:18
#
Very good EA. Simple and effective. Thanks to the developer who shares this product for free! This is awesome.
Luca
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
2018.06.24 18:59
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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
2018.06.23 02:20
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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..
danichirri66
2018.06.15 09:43
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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
2018.06.13 08:23
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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!
Mohamed Sanjania
2018.06.06 01:25
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Good forward testing till yet. Will keep posting to see how the EA performs overall longterm. For now its a good product.
Gregory Clements
2018.06.04 07:19
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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
Gerhard Beyer
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
版本 1.2
2019.10.08
General changes.
版本 1.1
2019.01.08
There is a small improvement in the robot program code.
Not sure yet. Could become my favorite free scalper.