Sign In / Sign Up
MyFxBots
Welcome
Visitor
Sign In / Sign Up
Best Free Scalper Pro Forex robot is a fully automated trading system that runs in the well-known and free to download and use, MetaTrader 4 trading platform. It's developed and distributed by FXAutomater MQL programmers team.
Best Free Scalper Pro will place, manage and close trade positions on behalf of the trader. Simple setup instructions in the accompanying user guide should be followed, then the EA has to be attached to the currency pair chart of the MT4 platform, then it'll do the rest.
Trading Idea
Best Free Scalper Pro is a powerful automated Forex scalping system, one of the FXAutomater family. A reputable ECN Forex broker with very tight spreads, low commissions, and minimal slippage is required as it can confirm the difference between a winning and losing trading system, especially scalping strategy ones.
Specifications
License
1 Real Account + 3 Demo Accounts.
Support
The Most Satisfying Forex Industry (24/7) Support.
Brokers / VPS Recommendations
It can run on any broker with 4 and 5 digits price quotes, while it's broker dependent and needs a reputable ECN Forex broker with very tight spreads, low commissions and minimal slippage, so we recommend installing it on Tickmill Forex Brokers with TradingFX VPS for the best stability and profitability.
MT5 Version
Compatible with Metatrader 4 (MT4) and Metatrader 5 (MT5)!
Operating System
Compatible with MAC OS and Windows OS!
User Manual
Detailed User Manual is Included.
Installer
Comes in the Form of Easy to Use Installation Wizard.
Refund Policy
60-Day Money-Back Guarantee.
Supported Currency Pairs
GBPUSD, EURUSD, EURCHF, EURAUD, EURCAD, GBPCAD, USDCAD, USDCHF and USDJPY
MetaTrader Chart Timeframe
M15
Developed By
FXAutomater
About
Best Free Scalper Pro
![MyFxBots Admin [www.myfxbots.com]](/assets/media/avatars/myfxbots-admin.png "MyFxBots Admin [www.myfxbots.com]")
Reviewed By
MyFxBots Admin
Last Reviewed On
Tues, 17 May 2022
3rd Party Verified Live Performance
Real Money Account
Started On
Mar 23, 2020
Leverage
1:500
Broker
FXOpen
Starting Balance
$$10,000.00
Total Gain
+32.49%
Live Test Summary
Started On
Mar 23, 2020
Account Leverage
1:500
Profit Factor
1.79
Total Gain
+32.49%
Absolute Gain
+32.49%
Monthly Gain
1.51%
Daily Gain
0.05%
Total Pips
2058.2
Total Trades
920
Profit Amount
$3249.34
(%) Won Trades
2058.2
Drawdown
22.67%
Demo Account
Started On
Mar 20, 2019
Leverage
1:500
Broker
IC Markets
Starting Balance
$$1,000.00
Total Gain
+195.72%
Live Test Summary
Started On
Mar 20, 2019
Account Leverage
1:500
Profit Factor
1.35
Total Gain
+195.72%
Absolute Gain
+421.09%
Monthly Gain
3.56%
Daily Gain
0.12%
Total Pips
4549.0
Total Trades
2332
Profit Amount
$1947.40
(%) Won Trades
4549.0
Drawdown
29.35%
Demo Account
Started On
May 12, 2020
Leverage
1:500
Broker
IC Markets
Starting Balance
$$10,000.00
Total Gain
+42.37%
Live Test Summary
Started On
May 12, 2020
Account Leverage
1:500
Profit Factor
2.11
Total Gain
+42.37%
Absolute Gain
+42.37%
Monthly Gain
2.09%
Daily Gain
0.07%
Total Pips
5226.7
Total Trades
1107
Profit Amount
$4237.04
(%) Won Trades
5226.7
Drawdown
14.84%
Demo Account
Started On
Apr 06, 2021
Leverage
1:500
Broker
Alpari INT
Starting Balance
$$1,000.00
Total Gain
+47.7%
Live Test Summary
Started On
Apr 06, 2021
Account Leverage
1:500
Profit Factor
2.69
Total Gain
+47.7%
Absolute Gain
+47.7%
Monthly Gain
6.62%
Daily Gain
0.21%
Total Pips
535.0
Total Trades
244
Profit Amount
$476.98
(%) Won Trades
535.0
Drawdown
5.97%
How to backtest Best Free Scalper Pro
If you wish to back-test Best Free Scalper Pro, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the "F2" key on the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click "1 Minute (M1)" and then click "Download". When the download process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert the M1 data (repeat this for the rest of the time frames). Close the "History Center" window. Restart the MT4 terminal in any case. Check the below image!
To open the "Strategy Tester" window click the "Strategy Tester" button on the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose Best Free Scalper Pro, chose one of the supported currency pairs, chose the M15 timeframe, and chose the method "Every tick ...", as shown below. Click "Start" to start the back-test.
The back-test by "Every tick" is the most precise, but it is very slow. If you wish to save time you can run the back-test on the M1 timeframe by the "Open price only ..." method and this will be correct too.
99.9% Modeling Quality Dukascopy Tick Data Backtests
Euro vs Swiss Frank (EURCHF) Backtests
Backtests Settings
Symbol
EURCHF (Euro vs Swiss Franc)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 15:15
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=0; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=3; Slippage=2; TicksTrade=true;
StealthMode=false;
EmergencyStopDist=50; StopLoss=50; TakeProfit=14; BandPeriod=7; MaxBreakEntry=30; BandBreakEntry=2; BandBreakExit=1; ATR_TF_FL=60; ATR_Per_FL=6; MaxATR_FL=30; ExitProfitOnReverse=3; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=false;
ATR_SL_Factor=0.28; ATR_TF_SL=60; ATR_Per_SL=4; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=55; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=false;
Wait_Before_News=30; Wait_After_News=30; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299266
Ticks modelled
156531135
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
37502.67
Gross profit
63815.45
Gross loss
-23001.11
Profit factor
1.63
Expected payoff
8.45
Absolute Bal DD
31.58
Maximal Bal DD
137.93 (0.27%)
Relative Bal DD
18.69% (38.72)
Total Trades
1717
Short positions (won %)
4801 (96.27%)
Long positions (won %)
868 (84.22%)
Profit trades (% of total)
1391 (81.01%)
Loss trades (% of total)
326 (18.99%)
Largest Profit trade
593.69
Largest Loss trade
-1368.15
Average Profit trade
26.96
Average Loss trade
-70.56
Maximum consecutive wins (profit in money)
78 (1835.32)
Maximum consecutive losses (loss in money)
5 (-196.67)
Maximal consecutive profit (count of wins)
1835.32 (78)
Maximal consecutive loss (count of losses)
-1432.42 (2)
Avarage consecutive wins
5
Avarage consecutive losses
1
Backtests Settings
Symbol
EURCHF (Euro vs Swiss Franc)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 15:30
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=0; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=3; Slippage=2; TicksTrade=true;
StealthMode=true;
EmergencyStopDist=100; StopLoss=75; TakeProfit=100; BandPeriod=5; MaxBreakEntry=60; BandBreakEntry=2; BandBreakExit=-1; ATR_TF_FL=60; ATR_Per_FL=8; MaxATR_FL=40; ExitProfitOnReverse=6; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=true;
ATR_SL_Factor=0.16; ATR_TF_SL=60; ATR_Per_SL=6; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=55; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=true;
Wait_Before_News=1440; Wait_After_News=1440; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299266
Ticks modelled
156531135
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
10231.71
Gross profit
46577.41
Gross loss
-15369.39
Profit factor
1.67
Expected payoff
7.26
Absolute Bal DD
0.00
Maximal Bal DD
234.35 (1.11%)
Relative Bal DD
27.12% (204.73)
Total Trades
1409
Short positions (won %)
4045 (87.10%)
Long positions (won %)
756 (84.92%)
Profit trades (% of total)
1158 (82.19%)
Loss trades (% of total)
251 (17.81%)
Largest Profit trade
151.19
Largest Loss trade
-1159.48
Average Profit trade
22.11
Average Loss trade
-61.23
Maximum consecutive wins (profit in money)
71 (1503.60)
Maximum consecutive losses (loss in money)
4 (-323.09)
Maximal consecutive profit (count of wins)
1503.60 (71)
Maximal consecutive loss (count of losses)
-1213.45 (2)
Avarage consecutive wins
6
Avarage consecutive losses
1
Great Britain Pound vs United States Dollar (GBPUSD) Backtests
Backtests Settings
Symbol
GBPUSD (Great Britan Pound vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 15:45
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=10; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=3; Slippage=2; TicksTrade=true;
StealthMode=true;
EmergencyStopDist=100; StopLoss=75; TakeProfit=100; BandPeriod=5; MaxBreakEntry=60; BandBreakEntry=2; BandBreakExit=-1; ATR_TF_FL=60; ATR_Per_FL=8; MaxATR_FL=40; ExitProfitOnReverse=6; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=true;
ATR_SL_Factor=0.16; ATR_TF_SL=60; ATR_Per_SL=6; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=55; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=true;
Wait_Before_News=1440; Wait_After_News=1440; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299252
Ticks modelled
230113610
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
25380.35
Gross profit
6652.22
Gross loss
-15254.68
Profit factor
1.66
Expected payoff
2.91
Absolute Bal DD
18.60
Maximal Bal DD
259.71 (11.03%)
Relative Bal DD
15.75% (212.30)
Total Trades
3479
Short positions (won %)
532 (68.05%)
Long positions (won %)
1581 (85.52%)
Profit trades (% of total)
2984 (85.77%)
Loss trades (% of total)
495 (14.23%)
Largest Profit trade
111.45
Largest Loss trade
-461.98
Average Profit trade
8.51
Average Loss trade
-30.82
Maximum consecutive wins (profit in money)
41 (289.88)
Maximum consecutive losses (loss in money)
5 (-2018.94)
Maximal consecutive profit (count of wins)
289.88 (41)
Maximal consecutive loss (count of losses)
-2018.94 (5)
Avarage consecutive wins
7
Avarage consecutive losses
1
Backtests Settings
Symbol
GBPUSD (Great Britan Pound vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 16:15
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=0; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=3; Slippage=2; TicksTrade=true;
StealthMode=false;
EmergencyStopDist=50; StopLoss=80; TakeProfit=100; BandPeriod=7; MaxBreakEntry=17; BandBreakEntry=2; BandBreakExit=1; ATR_TF_FL=15; ATR_Per_FL=5; MaxATR_FL=60; ExitProfitOnReverse=7; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=true;
ATR_SL_Factor=2.4; ATR_TF_SL=60; ATR_Per_SL=14; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=23; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=false;
Wait_Before_News=30; Wait_After_News=30; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299252
Ticks modelled
230113610
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
24163.43
Gross profit
32690.45
Gross loss
-15260.86
Profit factor
1.58
Expected payoff
2.44
Absolute Bal DD
35.00
Maximal Bal DD
478.27 (3.47%)
Relative Bal DD
16.26% (71.23)
Total Trades
3651
Short positions (won %)
2690 (85.91%)
Long positions (won %)
1642 (81.12%)
Profit trades (% of total)
2955 (80.94%)
Loss trades (% of total)
696 (19.06%)
Largest Profit trade
193.11
Largest Loss trade
-1894.10
Average Profit trade
8.18
Average Loss trade
-21.93
Maximum consecutive wins (profit in money)
31 (209.38)
Maximum consecutive losses (loss in money)
3 (-3992.30)
Maximal consecutive profit (count of wins)
299.14 (5)
Maximal consecutive loss (count of losses)
-3992.30 (3)
Avarage consecutive wins
5
Avarage consecutive losses
1
Backtests Settings
Symbol
GBPUSD (Great Britan Pound vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 16:30
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=0; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=4; Slippage=2; TicksTrade=true;
StealthMode=true;
EmergencyStopDist=50; StopLoss=75; TakeProfit=15; BandPeriod=11; MaxBreakEntry=100; BandBreakEntry=2; BandBreakExit=1; ATR_TF_FL=60; ATR_Per_FL=3; MaxATR_FL=35; ExitProfitOnReverse=12; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=true;
ATR_SL_Factor=2.45; ATR_TF_SL=60; ATR_Per_SL=7; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=23; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=false;
Wait_Before_News=30; Wait_After_News=30; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299252
Ticks modelled
230113610
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
8559.08
Gross profit
23694.48
Gross loss
-14964.99
Profit factor
1.57
Expected payoff
3.24
Absolute Bal DD
34.47
Maximal Bal DD
319.88 (8.41%)
Relative Bal DD
39.61% (211.88)
Total Trades
2641
Short positions (won %)
1869 (79.51%)
Long positions (won %)
1221 (97.71%)
Profit trades (% of total)
2570 (97.31%)
Loss trades (% of total)
71 (2.69%)
Largest Profit trade
264.51
Largest Loss trade
-4822.09
Average Profit trade
9.15
Average Loss trade
-210.77
Maximum consecutive wins (profit in money)
133 (904.36)
Maximum consecutive losses (loss in money)
2 (-5930.77)
Maximal consecutive profit (count of wins)
904.36 (133)
Maximal consecutive loss (count of losses)
-5930.77 (2)
Avarage consecutive wins
38
Avarage consecutive losses
1
Backtests Settings
Symbol
GBPUSD (Great Britan Pound vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 16:45
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
MM="==== Risk Management ===="; FixedLots=0.1; AutoMM=0; GS="==== General Settings ===="; Magic=656565; EA_Coment="SSPMT4"; MaxSpread=3; Slippage=2; TicksTrade=false;
StealthMode=false;
EmergencyStopDist=50; StopLoss=90; TakeProfit=13; BandPeriod=11; MaxBreakEntry=100; BandBreakEntry=2; BandBreakExit=-3; ATR_TF_FL=15; ATR_Per_FL=5; MaxATR_FL=35; ExitProfitOnReverse=9; Reverse_Bar_TF=1; UseTrendFilter=false;
MA_Fast_Period=15; MA_Slow_Period=30; MA_Trend_TF=15; Trend_Impulse=5; ATR="==== Dynamic SL & TP ===="; Use_ATR_Profit=false;
ATR_Profit_Factor=0.115; Use_ATR_Stop=true;
ATR_SL_Factor=9.5; ATR_TF_SL=60; ATR_Per_SL=14; TR="==== Time Restrictions ===="; TimeRestriction=true;
CTHour1=0; CTHour2=23; CTHour3=55; CTHour4=55; CTHour5=55; CTHour6=55; CTHour7=55; CTHour8=55; CTHour9=55; CTHour10=55; DR="==== Daily Restrictions ===="; MondayTrading=true;
TuesdayTrading=true;
WednesdayTrading=true;
ThursdayTrading=true;
FridayTrading=true;
SaturdayTrading=true;
SundayTrading=true;
SF="==== Wednesday Swap Filter ===="; WednesdaySwapFilter=true;
MaxNegSwapPips=-0.5; RF="==== Rollover Time & Spread Filter ===="; RolloverTimeFilter=true;
MinutesBefore=5; MinutesAfter=10; x_MaxSpreadFilter=true;
x_MaxSpread=2; NN="==== Notifications ===="; EMAIL_Notification=false;
PUSH_Notification=false;
G="===== GMT Settings ===="; GMT_Offset=2; Calculate_DST=true;
NF="==== News Filter Settings ===="; Avoid_News=false;
Include_Medium_News=false;
Filter_NFP_FOMC_ONLY=false;
Wait_Before_News=30; Wait_After_News=30; FE="==== Friday Exit ===="; FridayExit=false;
ExitHourFr=21; LastTradeHour=19;
Bars in test
299252
Ticks modelled
230113610
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
1784.41
Gross profit
23279.32
Gross loss
-37341.13
Profit factor
1.05
Expected payoff
0.69
Absolute Bal DD
57.91
Maximal Bal DD
321.10 (9.49%)
Relative Bal DD
40.89% (207.50)
Total Trades
2598
Short positions (won %)
1858 (75.83%)
Long positions (won %)
1161 (70.03%)
Profit trades (% of total)
1780 (68.51%)
Loss trades (% of total)
818 (31.49%)
Largest Profit trade
79.20
Largest Loss trade
-641.28
Average Profit trade
21.98
Average Loss trade
-45.65
Maximum consecutive wins (profit in money)
20 (442.23)
Maximum consecutive losses (loss in money)
5 (-152.65)
Maximal consecutive profit (count of wins)
454.93 (15)
Maximal consecutive loss (count of losses)
-711.74 (3)
Avarage consecutive wins
3
Avarage consecutive losses
2
Euro vs United States Dollar (EURUSD) Backtests
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 17:15
Model
99.90%
Parameters
- MM="==== Risk Management ===="
- FixedLots=0.1
- AutoMM=0
- AutoMM_Max=50
- RM="==== Recovery Mode ===="
- RecoveryMode=false
- MMTrades=50
- RecoveryFactor=10
- RecoveryMultiplier=1.1
- GS="==== General Settings ===="
- LongTrades=true
- ShortTrades=true
- Magic=665566
- EA_Comment="BFSPMT4 - MyFxBots.com"
- MaxSpread=3
- MaxSpreadExit=0
- Slippage=2
- TicksTrade=true
- StealthMode=true
- EmergencyStopDist=100
- StopLoss=80
- TakeProfit=100
- TradeLifeTime=0
- BandPeriod=7
- MaxBreakEntry=17
- BandBreakEntry=2
- UseBandBreakExit=false
- BandBreakExit=1
- ATR_TF_FL=15
- ATR_Per_FL=5
- MaxATR_FL=60
- ExitProfitOnReverse=7
- Reverse_Bar_TF=1
- UseTrendFilter=false
- MA_Fast_Period=15
- MA_Slow_Period=30
- MA_Trend_TF=15
- Trend_Impulse=5
- TS="==== Trailing Stop ===="
- Trailing_Stop=false
- Trailing_Stop_Value=4
- Trailing_Stop_After=7
- ATR="==== Dynamic SL & TP ===="
- Use_ATR_Profit=false
- ATR_Profit_Factor=0.115
- Use_ATR_Stop=false
- ATR_SL_Factor=2.4
- ATR_TF_SL=60
- ATR_Per_SL=14
- Min_ATR_SL=10
- Max_ATR_SL=120
- TM="==== Time Management System ===="
- AllowedHour_ForBacktest=-1
- MondayTrading=true
- MondayTradingHours="0,23"
- TuesdayTrading=true
- TuesdayTradingHours="0,23"
- WednesdayTrading=true
- WednesdayTradingHours="0,23"
- ThursdayTrading=true
- ThursdayTradingHours="0,23"
- FridayTrading=true
- FridayTradingHours="0,23"
- SaturdayTrading=true
- SaturdayTradingHours=""
- SundayTrading=true
- SundayTradingHours=""
- SF="==== Wednesday Swap Filter ===="
- WednesdaySwapFilter=true
- MaxNegSwapPips=-0.5
- RF="==== Rollover Time & Spread Filter ===="
- RolloverTimeFilter=true
- MinutesBefore=5
- MinutesAfter=10
- x_MaxSpreadFilter=true
- x_MaxSpread=2
- NN="==== Notifications ===="
- EMAIL_Notification=false
- PUSH_Notification=false
- G="===== GMT Settings ===="
- GMT_Offset=2
- Calculate_DST=true
- NF="==== News Filter Settings ===="
- Avoid_News=false
- Include_Medium_News=false
- Filter_NFP_FOMC_ONLY=false
- Wait_Before_News=30
- Wait_After_News=30
- FE="==== Friday Exit ===="
- FridayExit=false
- ExitHourFr=21
- LastTradeHour=19
- GRS="==== Grid System ===="
- Grid_System=true
- Grid_Max_Trades=3
- Grid_Distance=16
- Grid_Trade_By_Signal_Only=true
- Grid_Signal_Period=15
- Grid_Risk_Multiplier=1
- Grid_Martingale=true
- Grid_Take_Profit=2
- Grid_Take_Profit_Money=2
- Grid_Stop_Loss=2000
- Grid_Stop_Loss_Money=0
Bars in test
299283
Ticks modelled
241986504
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
20024.46
Gross profit
20024.46
Gross loss
-19904.57
Profit factor
1.01
Expected payoff
0.05
Absolute Bal DD
9248.52
Maximal Bal DD
12625.95 (94.38%)
Relative Bal DD
94.38% (12625.95)
Total Trades
2404
Short positions (won %)
1173 (81.50%)
Long positions (won %)
1231 (78.80%)
Profit trades (% of total)
1926 (80.12%)
Loss trades (% of total)
478 (19.88%)
Largest Profit trade
195.22
Largest Loss trade
-1925.99
Average Profit trade
10.40
Average Loss trade
-41.64
Maximum consecutive wins (profit in money)
29 (224.88)
Maximum consecutive losses (loss in money)
4 (-5017.45)
Maximal consecutive profit (count of wins)
224.88 (29)
Maximal consecutive loss (count of losses)
-5017.45 (4)
Avarage consecutive wins
5
Avarage consecutive losses
1
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 17:30
Model
99.90%
Parameters
- MM="==== Risk Management ===="
- FixedLots=0.1
- AutoMM=5
- AutoMM_Max=50
- RM="==== Recovery Mode ===="
- RecoveryMode=false
- MMTrades=50
- RecoveryFactor=10
- RecoveryMultiplier=1.1
- GS="==== General Settings ===="
- LongTrades=true
- ShortTrades=true
- Magic=665566
- EA_Comment="BFSPMT4 - MyFxBots.com"
- MaxSpread=3
- MaxSpreadExit=0
- Slippage=2
- TicksTrade=true
- StealthMode=true
- EmergencyStopDist=100
- StopLoss=80
- TakeProfit=100
- TradeLifeTime=0
- BandPeriod=7
- MaxBreakEntry=17
- BandBreakEntry=2
- UseBandBreakExit=false
- BandBreakExit=1
- ATR_TF_FL=15
- ATR_Per_FL=5
- MaxATR_FL=60
- ExitProfitOnReverse=7
- Reverse_Bar_TF=1
- UseTrendFilter=false
- MA_Fast_Period=15
- MA_Slow_Period=30
- MA_Trend_TF=15
- Trend_Impulse=5
- TS="==== Trailing Stop ===="
- Trailing_Stop=false
- Trailing_Stop_Value=4
- Trailing_Stop_After=7
- ATR="==== Dynamic SL & TP ===="
- Use_ATR_Profit=false
- ATR_Profit_Factor=0.115
- Use_ATR_Stop=true
- ATR_SL_Factor=2.4
- ATR_TF_SL=60
- ATR_Per_SL=14
- Min_ATR_SL=10
- Max_ATR_SL=120
- TM="==== Time Management System ===="
- AllowedHour_ForBacktest=-1
- MondayTrading=true
- MondayTradingHours="23"
- TuesdayTrading=true
- TuesdayTradingHours="0,23"
- WednesdayTrading=true
- WednesdayTradingHours="0,23"
- ThursdayTrading=true
- ThursdayTradingHours="0,23"
- FridayTrading=true
- FridayTradingHours="0"
- SaturdayTrading=true
- SaturdayTradingHours=""
- SundayTrading=true
- SundayTradingHours=""
- SF="==== Wednesday Swap Filter ===="
- WednesdaySwapFilter=true
- MaxNegSwapPips=-0.5
- RF="==== Rollover Time & Spread Filter ===="
- RolloverTimeFilter=true
- MinutesBefore=5
- MinutesAfter=10
- x_MaxSpreadFilter=true
- x_MaxSpread=2
- NN="==== Notifications ===="
- EMAIL_Notification=false
- PUSH_Notification=false
- G="===== GMT Settings ===="
- GMT_Offset=2
- Calculate_DST=true
- NF="==== News Filter Settings ===="
- Avoid_News=false
- Include_Medium_News=false
- Filter_NFP_FOMC_ONLY=false
- Wait_Before_News=30
- Wait_After_News=30
- FE="==== Friday Exit ===="
- FridayExit=false
- ExitHourFr=21
- LastTradeHour=19
- GRS="==== Grid System ===="
- Grid_System=true
- Grid_Max_Trades=1
- Grid_Distance=70
- Grid_Trade_By_Signal_Only=true
- Grid_Signal_Period=60
- Grid_Risk_Multiplier=5
- Grid_Martingale=true
- Grid_Take_Profit=0
- Grid_Take_Profit_Money=5
- Grid_Stop_Loss=2000
- Grid_Stop_Loss_Money=0
Bars in test
299283
Ticks modelled
241986504
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
99792.73
Gross profit
99792.73
Gross loss
-76895.86
Profit factor
1.30
Expected payoff
14.75
Absolute Bal DD
120.20
Maximal Bal DD
3818.89 (18.27%)
Relative Bal DD
18.27% (3818.89)
Total Trades
1552
Short positions (won %)
768 (86.59%)
Long positions (won %)
784 (86.61%)
Profit trades (% of total)
1344 (86.60%)
Loss trades (% of total)
208 (13.40%)
Largest Profit trade
545.90
Largest Loss trade
-1195.69
Average Profit trade
74.25
Average Loss trade
-369.69
Maximum consecutive wins (profit in money)
36 (1642.36)
Maximum consecutive losses (loss in money)
4 (-1717.20)
Maximal consecutive profit (count of wins)
2953.39 (34)
Maximal consecutive loss (count of losses)
-1717.20 (4)
Avarage consecutive wins
7
Avarage consecutive losses
1
Backtests Settings
Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 2010.01.04 03:00 - 2022.05.13 18:00
Model
99.90%
Parameters
- MM="==== Risk Management ===="
- FixedLots=0.1
- AutoMM=5
- AutoMM_Max=50
- RM="==== Recovery Mode ===="
- RecoveryMode=false
- MMTrades=50
- RecoveryFactor=10
- RecoveryMultiplier=1.1
- GS="==== General Settings ===="
- LongTrades=true
- ShortTrades=true
- Magic=665566
- EA_Comment="BFSPMT4 - MyFxBots.com"
- MaxSpread=3
- MaxSpreadExit=0
- Slippage=2
- TicksTrade=true
- StealthMode=true
- EmergencyStopDist=100
- StopLoss=80
- TakeProfit=100
- TradeLifeTime=0
- BandPeriod=7
- MaxBreakEntry=17
- BandBreakEntry=2
- UseBandBreakExit=false
- BandBreakExit=1
- ATR_TF_FL=15
- ATR_Per_FL=5
- MaxATR_FL=60
- ExitProfitOnReverse=7
- Reverse_Bar_TF=1
- UseTrendFilter=false
- MA_Fast_Period=15
- MA_Slow_Period=30
- MA_Trend_TF=15
- Trend_Impulse=5
- TS="==== Trailing Stop ===="
- Trailing_Stop=false
- Trailing_Stop_Value=4
- Trailing_Stop_After=7
- ATR="==== Dynamic SL & TP ===="
- Use_ATR_Profit=false
- ATR_Profit_Factor=0.115
- Use_ATR_Stop=true
- ATR_SL_Factor=2.4
- ATR_TF_SL=60
- ATR_Per_SL=14
- Min_ATR_SL=10
- Max_ATR_SL=120
- TM="==== Time Management System ===="
- AllowedHour_ForBacktest=-1
- MondayTrading=true
- MondayTradingHours="0,23"
- TuesdayTrading=true
- TuesdayTradingHours="0,23"
- WednesdayTrading=true
- WednesdayTradingHours="0,23"
- ThursdayTrading=true
- ThursdayTradingHours="0,23"
- FridayTrading=true
- FridayTradingHours="0,23"
- SaturdayTrading=true
- SaturdayTradingHours=""
- SundayTrading=true
- SundayTradingHours=""
- SF="==== Wednesday Swap Filter ===="
- WednesdaySwapFilter=true
- MaxNegSwapPips=-0.5
- RF="==== Rollover Time & Spread Filter ===="
- RolloverTimeFilter=true
- MinutesBefore=5
- MinutesAfter=10
- x_MaxSpreadFilter=true
- x_MaxSpread=2
- NN="==== Notifications ===="
- EMAIL_Notification=false
- PUSH_Notification=false
- G="===== GMT Settings ===="
- GMT_Offset=2
- Calculate_DST=true
- NF="==== News Filter Settings ===="
- Avoid_News=false
- Include_Medium_News=false
- Filter_NFP_FOMC_ONLY=false
- Wait_Before_News=30
- Wait_After_News=30
- FE="==== Friday Exit ===="
- FridayExit=false
- ExitHourFr=21
- LastTradeHour=19
- GRS="==== Grid System ===="
- Grid_System=true
- Grid_Max_Trades=1
- Grid_Distance=70
- Grid_Trade_By_Signal_Only=true
- Grid_Signal_Period=60
- Grid_Risk_Multiplier=5
- Grid_Martingale=true
- Grid_Take_Profit=0
- Grid_Take_Profit_Money=5
- Grid_Stop_Loss=2000
- Grid_Stop_Loss_Money=0
Bars in test
299283
Ticks modelled
241986504
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
129699.37
Gross profit
129699.37
Gross loss
-110018.05
Profit factor
1.18
Expected payoff
10.09
Absolute Bal DD
12.88
Maximal Bal DD
6183.56 (22.37%)
Relative Bal DD
22.37% (6183.56)
Total Trades
1950
Short positions (won %)
956 (85.77%)
Long positions (won %)
994 (84.81%)
Profit trades (% of total)
1663 (85.28%)
Loss trades (% of total)
287 (14.72%)
Largest Profit trade
973.55
Largest Loss trade
-1205.25
Average Profit trade
77.99
Average Loss trade
-383.34
Maximum consecutive wins (profit in money)
41 (1693.02)
Maximum consecutive losses (loss in money)
4 (-1146.16)
Maximal consecutive profit (count of wins)
2730.36 (40)
Maximal consecutive loss (count of losses)
-1479.47 (2)
Avarage consecutive wins
7
Avarage consecutive losses
1
Euro vs Australian Dollar (EURAUD) Backtests
Backtests Settings
Symbol
EURAUD (Euro vs Australian Dollar)
Period
15 Minutes (M15) 2010.01.05 01:00 - 2022.05.13 18:15
Model
99.90%
Parameters
- MM="==== Risk Management ===="
- FixedLots=0.1
- AutoMM=0
- AutoMM_Max=50
- RM="==== Recovery Mode ===="
- RecoveryMode=false
- MMTrades=50
- RecoveryFactor=10
- RecoveryMultiplier=1.1
- GS="==== General Settings ===="
- LongTrades=true
- ShortTrades=true
- Magic=665566
- EA_Comment="BFSPMT4 - MyFxBots.com"
- MaxSpread=4
- MaxSpreadExit=0
- Slippage=2
- TicksTrade=true
- StealthMode=true
- EmergencyStopDist=100
- StopLoss=75
- TakeProfit=6
- TradeLifeTime=0
- BandPeriod=11
- MaxBreakEntry=30
- BandBreakEntry=2
- UseBandBreakExit=false
- BandBreakExit=1
- ATR_TF_FL=60
- ATR_Per_FL=3
- MaxATR_FL=35
- ExitProfitOnReverse=12
- Reverse_Bar_TF=1
- UseTrendFilter=false
- MA_Fast_Period=15
- MA_Slow_Period=30
- MA_Trend_TF=15
- Trend_Impulse=5
- TS="==== Trailing Stop ===="
- Trailing_Stop=false
- Trailing_Stop_Value=4
- Trailing_Stop_After=7
- ATR="==== Dynamic SL & TP ===="
- Use_ATR_Profit=false
- ATR_Profit_Factor=0.115
- Use_ATR_Stop=false
- ATR_SL_Factor=2
- ATR_TF_SL=60
- ATR_Per_SL=5
- Min_ATR_SL=10
- Max_ATR_SL=120
- TM="==== Time Management System ===="
- AllowedHour_ForBacktest=-1
- MondayTrading=true
- MondayTradingHours="0,23"
- TuesdayTrading=true
- TuesdayTradingHours="0,23"
- WednesdayTrading=true
- WednesdayTradingHours="0,23"
- ThursdayTrading=true
- ThursdayTradingHours="0,23"
- FridayTrading=true
- FridayTradingHours="0,23"
- SaturdayTrading=true
- SaturdayTradingHours=""
- SundayTrading=true
- SundayTradingHours=""
- SF="==== Wednesday Swap Filter ===="
- WednesdaySwapFilter=true
- MaxNegSwapPips=-0.5
- RF="==== Rollover Time & Spread Filter ===="
- RolloverTimeFilter=true
- MinutesBefore=5
- MinutesAfter=10
- x_MaxSpreadFilter=true
- x_MaxSpread=2
- NN="==== Notifications ===="
- EMAIL_Notification=false
- PUSH_Notification=false
- G="===== GMT Settings ===="
- GMT_Offset=2
- Calculate_DST=true
- NF="==== News Filter Settings ===="
- Avoid_News=false
- Include_Medium_News=false
- Filter_NFP_FOMC_ONLY=false
- Wait_Before_News=30
- Wait_After_News=30
- FE="==== Friday Exit ===="
- FridayExit=false
- ExitHourFr=21
- LastTradeHour=19
- GRS="==== Grid System ===="
- Grid_System=true
- Grid_Max_Trades=4
- Grid_Distance=15
- Grid_Trade_By_Signal_Only=true
- Grid_Signal_Period=5
- Grid_Risk_Multiplier=1
- Grid_Martingale=true
- Grid_Take_Profit=1
- Grid_Take_Profit_Money=20
- Grid_Stop_Loss=2000
- Grid_Stop_Loss_Money=0
Bars in test
299005
Ticks modelled
317005147
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Variable
Backtests Results
Total net profit
-210.96
Gross profit
22658.79
Gross loss
-22869.75
Profit factor
0.99
Expected payoff
-0.07
Absolute Bal DD
4167.48
Maximal Bal DD
9272.22 (61.39%)
Relative Bal DD
61.39% (9272.22)
Total Trades
3155
Short positions (won %)
1984 (77.22%)
Long positions (won %)
1171 (81.13%)
Profit trades (% of total)
2482 (78.67%)
Loss trades (% of total)
673 (21.33%)
Largest Profit trade
227.28
Largest Loss trade
-1266.23
Average Profit trade
9.13
Average Loss trade
-33.98
Maximum consecutive wins (profit in money)
33 (159.93)
Maximum consecutive losses (loss in money)
5 (-4103.85)
Maximal consecutive profit (count of wins)
313.50 (6)
Maximal consecutive loss (count of losses)
-4103.85 (5)
Avarage consecutive wins
5
Avarage consecutive losses
1
Trading Strategy
Best Free Scalper Pro is the professional paid version of the [prod-link][/free-expert-advisors.html][free EA][df] – Best Free Scalper Pro. FXAutomater - the developers of both EAs - have integrated many new additional features and systems in the PRO version in to tune and improve its overall performance.
Best Free Scalper Pro Features
- Simple trading logic.
- ATR-based algorithm.
- 18-year backtest performance.
- Multiple currency pairs support.
- Advanced News Filter.
- Volatility filter.
- New and improved exit logic.
- Email and Push Notification system.
- Friday Exit System.
- Grid System (optional).
FXAutomater, the EA developers provide a separate set file for each recommended currency pair, so that there are optimized settings for each currency pair, and thus, no one size fits all, while its default settings are optimized for GBPUSD. It's more comfortable and assured to have a trading strategy that can trade on multiple trading instruments with the same settings as this gives confidence in the strategy trading through its code rather than relying on something that may have been tailored to match historical data.
Improved Exit Logic
This is to minimize the drawdown thus increasing the system competence.
ATR Based Stop Loss Calculating Algorithm
This is a new option in the EA settings that works by harmonizing the stop loss levels with current market volatility, which in backtesting resulted in decreasing the drawdown and increasing the potential profit factor of this automated trading system.
Grid System
This is also newly added to try to decrease the Best Free Scalper Pro broker dependency. This is an optional setting and is disabled by default. If you want to consider using it you should understand how grid systems work first, this is outlined on the official Best Free Scalper Pro website by FXAutomater team.
grid trading strategy can be too risky for my trading style and honestly speaking, a good trading system, should not need to have a grid to try to compensate for its losing positions.
Money Management System
A built-in system that enables the trader to set the required risk as a percentage then Best Free Scalper Pro will automatically calculate the lot size according to this risk and the account free margin.
Advanced News Filter
This filter enables the trader to avoid trading during the most important news and events so that the profit factor of the system increases and the drawdown decreases. It is disabled by default and can be enabled from the EA settings.
Time Management System
This system enables the trader to precisely configure the robot to trade only during specific hours and to trade or not on certain weekdays.
Notification System
The robot can send an email and push notifications about all its trading activity performed in the account and send an email and push notifications to your mobile phone.
Best Free Scalper Pro Metatrader Parameters
==== Risk Management ====
- FixedLots - fixed trading volume (works if AutoMM1=0)
- AutoMM - values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).
==== General Settings ====
- Magic - magic number - it is extremely important to keep this different for all robots.
- EA_Comment - text which will be added as a comment to each trade opened by BF Scalper PRO.
- MaxSpread - maximal allowed spread for position opening.
- Slippage - maximal allowed slippage for position opening.
- 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.
- 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, opt. step 1.
- BandPeriod - Bollinger Bands period - reasonable value range 5-20, opt. step 1.
- MaxBreakEntry - the maximum allowed breakout.
- 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.
- ATR_TF_FL - timeframe in minutes of the ATR indicator, used to prevent trading in too high volatility
- ATR_Per_FL - period of the ATR indicator
- MaxATR_FL - maximum value of the ATR indicator
- ExitProfitOnReverse - profit in pips on which the position will be close if reversal bar is formed - reasonable value range 5 to 15, opt. step 1.
- Reverse_Bar_TF - the timeframe of the reversal bar – M1 or M5.
- UseTrendFilter - change this to "true" if you want to trade only in the direction of the trend defined by the two MAs below. If you use the trend filter for Asian session scalping you will get higher profit factor, but less trades. Generally, you do not need trend filter for Asian session scalping, but if you want extra safety it will help.
- 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.
- MA_Trend_TF - timeframe of both MAs.
- Trend_Impulse - relative strength of the market impulse - reasonable value range 0-60 opt. step 5.
==== Dynamic SL & TP ====
- Use_ATR_Profit - activates the ATR based exit profit algorithm. If it is “true” it will be used instead the ExitProfitOnReverse value.
- ATR_Profit_Factor - the ATR value multiplier for calculating the new ExitProfitOnReverse value.
- Use_ATR_Stop - activates the ATR based Stop Loss algorithm.
- ATR_SL_Factor - the ATR value multiplier for calculating the Stop Loss value.
- ATR_TF_SL - the timeframe on which the ATR indicator is calculated – default 1440 (D1).
- ATR_Per_SL - the period of the ATR indicator – default 1.
==== Time Management System ====
- AllowedHour_ForBacktest - this parameter is only for backtesting! It helps optimizing the Time Management system. Here is how you can use it. During the optimization set start value 0, end value 23 and the step 1. You can optimize only one day per optimization. For example you want to optimize the trading hours for Monday, you have to disable other days bay settings TuesdayTrading=false ... to ... FridayTrading=false. At the end of the optimization the tester will show you the best hours for trading on Monday. You can add these best hours in the parameter MondayTradingHours separated by comma, for example: 1,4,6.
- MondayTrading - true/false - enable or disable trading on Monday
- MondayTradingHours - trading hours separated by comma. For example: MondayTradingHours=22,23,0,1,2 - only during these hours the robot will be able to trade
- TuesdayTrading - true/false - enable or disable trading on Tuesday
- TuesdayTradingHours - trading hours separated by comma. For example: TuesdayTradingHours=22,23,0,1,2 - only during these hours the robot will be able to trade
- WednesdayTrading - true/false - enable or disable trading on Wednesday
- WednesdayTradingHours - trading hours separated by comma. For example: WednesdayTradingHours=22,23,0,1,2 - only during these hours the robot will be able to trade
- ThursdayTrading - true/false - enable or disable trading on Thursday
- ThursdayTradingHours - trading hours separated by comma. For example: ThursdayTradingHours=22,23,0,1,2 - only during these hours the robot will be able to trade
- FridayTrading - true/false - enable or disable trading on Friday
- FridayTradingHours - trading hours separated by comma. For example: FridayTradingHours=22,23,0,1,2 - only during these hours the robot will be able to trade
- SaturdayTrading and SundayTrading - true/false - enable or disable trading during Saturday and Sunday respectively. Due to big GMT offset, some brokers trade during weekends and for that reason we added these parameters as well.
Example: MondayTradingHours = "0,23";
==== Wednesday Swap Filter ====
- WednesdaySwapFilter - true/false - The 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
==== Rollover Time & Spread Filter ====
- RolloverTimeFilter - true/false - switches 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 - switches on/off the rollover additional spread filter
- x_MaxSpread - multiplies the initial MaxSpread, which will be allowed in general, before canceling all trading operations. As example if the MaxSpread is 6 and x_MaxSpread is 2, all trading operations will be canceled if the spread exceeds 6x2=12 pips.
==== Notifications ====
- EMAIL_Notification - true/false - enable/disable email notifications.
- PUSH_Notification - true/false – enable/disable push notifications to mobile phones.
==== GMT Settings ====
- GMT_Offset - winter GMT offset of your broker.
- Calculate_DST - true/false - Set TRUE if the broker shifts the GMT offset with +1 in Summer. Set FALSE if broker use same GMT offset whole year.
==== News Filter Settings ====
The News Filter function is disabled by default. It is your personal choice whether, or not to activate this function. The News Filter function can increase the profit factor of the system and reduce the drawdown, but also can reduce the number of the trades and the total profit.
- Avoid_News - true/false – use or not the News Filter.
- Include_Medium_News - true/false – include, or not the medium impact news. The high impact news are included by default.
- Filter_NFP_FOMC_ONLY - true/false - when true the news filter will stop trading only during NFP and FOMC news.
- Wait_Before_News - the amount of minutes, before the news release, when the trading will be disabled.
- Wait_After_News - the amount of minutes, after the news release, when the trading will be enabled.
Configure MT4 terminal to allow WEB Requests to the following URL: http://www.fxautomater.com Only this way the news filter will be able to work properly!
You can find it in: MT4 terminal -> Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL (check the image below):
==== Friday Exit ====
- FridayExit - true/false - if you wish to close all trades on Friday, you should use FridayExit=true.
- ExitHourFr - the robot will close all open positions at this hour on Friday.
- LastTradeHour - the robot can trade until the end of this hour on Friday (including this hour).
If you decide to use the "FridayExit" option you should set LastTradeHour and ExitHourFr several hours before the market closing of your broker on Friday.
==== Grid System ==== (optional)
- Grid_System - true/false - Enable/disable the Grid System of BF Scalper PRO.
- Grid_Max_Trades - maximal number of additional trades which will be opened when Grid System is enabled.
- Grid_Distance - the distance in pips between additional trades.
- Grid_Trade_By_Signal_Only - true/false - when its value is true the additional trades will be opened only by signal generated by a special indicator. When its value is false BF Scalper PRO will check only the distance between previous additional trade or initial trade. Most of the cases when Grid_Trade_By_Signal_Only=true the results are better.
- Grid_Signal_Period - possible values: 1, 5, 15, 30, 60, 240, 1440, 10080 and 43200. The values represent the official time frames in minutes M1, M5, M15, M30, H1, H4, D1, W1 and MN. This parameter is used when Grid_Trade_By_Signal_Only is true. It is the time frame of the special indicator used for opening of the additional trades.
- Grid_Risk_Multiplier - parameter for controlling the lot size of the additional trades. By default, the lot size is equal to the initial trade lot size (Grid_Risk_Multiplier=1). If the value of this parameter is lower than 1 then the additional trades will be opened with lower lot size than the initial trade. If the value is greater than 1 then the additional trades will be opened with greater lot size than the initial trade. Grid_Risk_Multiplier is a multiplier and you can easily calculate the additional trades lot size. For example, if the initial trade lot size is 0.1 lot and you set Grid_Risk_Multiplier=1.5 then additional trades lot size will be: 0.1 x 1.5 = 0.15 lots
- Grid_Martingale - true/false - when its value is true then BF Scalper PRO becomes martingale strategy. Every additional trade will have greater and greater lot size. This is very useful sometimes because it will help the EA to close the trades quickly.
- Grid_Take_Profit - take profit in pips when Grid System is enabled.
- Grid_Take_Profit_Money - take profit in money (your account base currency) when Grid System is enabled. This parameter is very useful in case Grid_Martingale is enabled.
- Grid_Stop_Loss - stop loss in pips when Grid System is enabled
- Grid_Stop_Loss_Money - stop loss in money (your account base currency) when Grid System is enable
BF Scalper PRO is equipped with GRID system which is optional and disabled by default. This system was developed by request of our users. The performance of BF Scalper PRO is good without the GRID System and you don't need to enable it at all. But if you want to use it then you may check the .set file available in the section "BF Scalper PRO Grid System .set files"!
Summary
Finally, we can conclude that the unique features integrated into Best Free Scalper Pro as the ATR dynamic money management and grid option refer to that much trading knowledge and programming skills are granted to the EA developer.
But this doesn't deny the fact that the results of a Forex robot trading on a real money account are more assuring than those from a demo account especially if this Forex robot is a scalper whose behavior can be greatly changed due to differences in the live trading conditions.
I type Forex robots is indefinitely spread, commission and slippage dependent could be too risky and there are many safe alternative options rather than this EA in our forex robot reviews.
As mentioned before, the Best Free Scalper Pro package includes a setup instructions guide, free lifetime support, free lifetime updates, and a money-back guarantee.
Promotional Video (by the Vendor)
Other Forex Robots from FXAutomater
As the name suggests, Forex Combo System is a collection of several subsystems, four to be clear. The most accurate description that fits it is "four different EAs joined together". The result of such an EA could be considered "Pleasant" as you will discover this yourself after some further reading, It's an easy-to-use EA and is one of the most solid automated trading systems that I've ever seen.
WallStreet Forex Robot 3.0 Domination is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators that are shipped with Metatrader are involved creatively, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.
Omega Trend is designed on well-established rules that enable it to run both in up and down markets. Its core algorithm is based on the fundamental trading truism: Volatility equals profits.
Forex Diamond is a unique integration of trend and counter-trend strategies, smart money-management, dynamic trading parameter configurations, and rapid trade execution, implementing 3 advanced market domination strategies; secure after-retracement, secure countertrend, and aggressive countertrend scalping strategies and designed to trade with 3 proven Forex trading algorithms.
Volatility Factor Pro trades by opening a basket of 4 positions maximum depending on market volatility, taking profit at 20 pips with hard StopLoss of 50 pips, this means that touching the SL for the 4 basket trades would mean a drawdown (4 * 50 = 200), this is a so much safer if compared to the older version which drawdowns could be in excess of 1500 pips of (380 * 4 = 1520) pips.
No exotic or speculative techniques are applied in Forex Trend Detector and it's not a slippage or spread dependent.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when the market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when the market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
Forex Gold Investor trades by the use of precise entry and exit trading algorithms with drawdown protection system, intelligent money-management system, revolutionary "Go Long" trading system, and broker SPY module.
Best Free Scalper Pro is a powerful automated Forex scalping system, one of the FXAutomater family. A reputable ECN Forex broker with very tight spreads, low commissions, and minimal slippage is required as it can confirm the difference between a winning and losing trading system, especially scalping strategy ones.
The Gold Scalper PRO strategy's principle is to enter in a distinctive market impulse direction and follow correction. A principle that has been around for as long as the markets have existed.
Gold Scalper PRO is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.
Gold Scalper PRO is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.
Strictly ruled grid-based trading technique with safety "high frequency" scalping element.
Smart Scalper PRO 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.
Pips Master Pro has a Strong, pure and simple trading logic, Reasonable TP and SL levels, High spread, slippage and broker protection, Multiple currency pairs support, Low drawdown, and New, improved, highly effective exit logic.
Using Trend Matrix EA, traders can identify and profit from market trends. It offers a safe and reliable way to navigate the forex market with its Next Generation Loss Recovery System and reliable risk management tools.
Chat GPT and Gemini (developed by Google) are the two most powerful AI engines available. The Gemini AI handles real-time trading data better than Chat GPT. However, Chat GPT excels at managing complex conversation threads even though it is trained only on past data. Combining Chat GPT and Gemini AI leads to the most accurate and current trading forecasts.
AI alone, can't be reliable - a proven, solid strategy must back it up. FXAutomater deliver results that stand out with their AI-powered strategy Infinity Trader!
Tags
Valery Trading
Tickmill
FXAutomater
WallStreet Forex Robot 3.0 Domination
Tick Data Suite
IC Markets
FBS
Algocrat AI
Waka Waka
RoboForex
HFM Broker
Volatility Factor Pro
XM
Perceptrader AI
Forex Diamond
Traders Academy Club
InstaForex
Alpari
StrategyQuant X
Forex Combo System
GPS Forex Robot
Forex Trend Detector
GrandCapital
SMRT Algo
Broker Arbitrage
Golden Pickaxe
IronFX
AMarkets
Telegram Signal Copier
Omega Trend
FX Scalper
Quant Analyzer
FXVM
Binance
RayBOT
ForexSignals.com
ACY Securities
AlgoWizard
FxPro
Forex Gold Investor
TradingFX VPS
Commercial Network Services
Libertex
FX-Builder
Gold Scalper PRO
Quant Data Manager
LeapFX Trading Academy
News Scope EA PRO
ForexTime
Pump Trader Robot
Smart Scalper PRO
FX Choice
FXCharger
BlackBull Markets
Forex Robot Factory (Expert Advisor Generator)
Evening Scalper PRO
VPS Forex Trader
Vortex Trader PRO
Best Free Scalper Pro
QHoster
Happy Forex
IV Markets
Forex VPS
Happy Bitcoin
MTeletool
Magnetic Exchange
Telegram Copier
Forex Robot Academy
Swing Trader PRO
FX Secret Club
EGPForex
Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
