BF Scalper Pro promises better efficiency and reduced drawdown with its enhanced exit logic. As per the vendor, this is the professional version of the BF Scalper EA. Many new features and systems are added to the newer version to enhance the overall performance.
FXautomater is the company responsible for the development of and promotion of this FX EA. As per the info on the company website, it consists of a team of professional traders with over 15 years of experience in trading and 10 years of experience in creating automated trading systems. It boasts of more than 30 FX robots and over 10000 clients. We could not find info on the founding year, the location of the company, and phone number. The lack of info raises a red flag.
The main features this FX robot claims to have include the following:
- A simple and robust trading logic with reasonable SL and TP levels and a new ATR-based trading algorithm is used.
- The FX EA supports multiple currency pairs.
- Filters for news events and volatility are present.
- A highly effective exit logic along with the Friday exit feature is present.
- Protection from high slippage, spread, and broker is provided.
- Alerts are sent via push notification and email.
- An optional grid system is present.
Trading strategies and currency pairs
As per the vendor, this system uses the scalping approach along with an optional grid strategy. The grid enables the EA to make more profits and it can be less broker-dependent.
Three different ways are present for using the Grid approach. It can be used in the normal mode, aggressive mode, and as a grid with Martingale risk. While the vendor provides configuration parameters and other settings, there is no explanation of the approach. The lack of proper strategy explanation makes us suspect the reliability of the system.
The recommendations include the use of the M15 timeframe and backtests with the ‘Every Tick’ model. GBPUSD, EURUSD, USDCHF, EURAUD, EURCAD, GBPCAD, USDCAD, EURCHF, and USDJPY are the currency pairs this FX robot supports. We could not find info on the leverage used and the minimum deposit needed.
A few backtests are present for this FX robot. Here is a strategy tester report for the EURCHF pair using the M15 timeframe and tested from 1999 up to 2019.
A total net profit of 59286.91 was present for an initial deposit of $200. For a total of 11791 trades, the profitability of 96.25% and a profit factor value of 14.09% were present. The maximum drawdown was 0.27%. The low drawdown and high profitability look good in backtests. But most often, the backtesting results are not replicated in the real trading performance. Furthermore, the modeling quality was just 90%, which is not sufficient to reveal info on the slippage, commission, etc.
BF Scalper Pro trading statistics
A real USD account verified by the Myfxbook site of this FX EA is shown here:
From the results, we can see a total profit of 31% and an absolute profit of 31.02%. A daily and monthly profit of 0.05 and 1.53% are present. The drawdown is 22.67 which is a high value. For an initial deposit of $10,000, the account started in March 2020 has generated very low profits.
A total of 869 trades have been completed with a profitability of 70%. The profit factor value is 1.81 and the lot size is 0.10. Compared to the backtests the profits generated are low and the drawdown is high indicating that this EA uses a high-risk approach and reveals poor performance.
Pricing and refund
To buy this FX EA, you need to pay $137. The main features that come with the package are one real and 3 demo accounts, and 24/7 support. A 60-day money-back assurance is present. Compared to the price of competitor EAs in the market, the price looks affordable.
What else you should know about BF Scalper Pro
We could not find user reviews for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback denotes this is not a popular expert advisor.