Introduction
BF Scalper PRO, a name that promises a lot in the world of Forex trading robots. Developed by Lachezar, this EA has been touted as a reliable and profitable tool for traders. But let's cut through the marketing fluff and see what this robot is really made of. With a rating of 4.05 and mixed user reviews, it's time to put BF Scalper PRO under the microscope.Description of Features
BF Scalper PRO comes loaded with features that are designed to enhance trading performance. The ATR-based Stop Loss algorithm adjusts according to market volatility, aiming to reduce drawdown and increase the Profit Factor. The improved exit logic ensures trades are closed efficiently, minimizing losses and maximizing gains. The robot supports multiple currency pairs like GBPUSD, EURUSD, and EURCHF, making it versatile for different trading strategies.Other notable features include:
<li>Advanced News Filter to avoid trading during high-impact news events.</li>
<li>Volatility Filter to identify optimal trading opportunities.</li>
<li>Friday Exit System to close all trades before the weekend.</li>
<li>Optional Grid System for those who prefer grid trading.</li>
<li>Trailing Stop System to lock in profits as the market moves in favor of the trade.</li>
<li>Email and Push Notification System for real-time updates.</li>
Analysis of Results
Based on user reviews, BF Scalper PRO has shown mixed results. Marlon Haudek reported a steady account growth of 1.5% to 2.0% per month with no significant drawdowns. This suggests that the robot can be profitable if used correctly. On the other hand, Bradley Patrick experienced a major loss, which led him to delete the EA. This highlights the importance of understanding the system's settings and market conditions.The robot's performance over the last year has been generally positive, but it's not without its pitfalls. The advanced features like the news and volatility filters do provide an edge, but they are not foolproof. The robot's ability to adapt to market conditions is commendable, but it requires careful monitoring and adjustment.
Pros and Cons
Pros:<li>Versatile with multiple currency pair support.</li>
<li>Advanced features like ATR-based Stop Loss and improved exit logic.</li>
<li>Low drawdown and high-profit factor when used correctly.</li>
<li>Good customer support and community engagement.</li>
Cons:
<li>Mixed user reviews indicate inconsistent performance.</li>
<li>Requires a good understanding of settings and market conditions.</li>
<li>Not the highest return compared to other EAs.</li>
Source Code of BF Scalper PRO
We don't have access to the original source code of BF Scalper PRO sold on MQL5. However, based on its description, we have created a similar code that captures its core functionalities. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the robot available on MQL5. Note that the EASY Trading Team does not sell BF Scalper PRO; we only created a code based on its description.
Code:
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