Best Free Smart Scalper EA is One of The Most Successful Free Expert Advisor

Best Free Smart Scalper EA

BF Smart Scalper 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 Scalper 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 back test performance
  • Multiple currency pairs support

Instructions and recommendation

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 and 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 below. We will attach regularly new .set files to this post.

Instructions

You can run the EA on M1, or M15 chart – it makes no difference for the EA, as all used time-frames 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 exists! Even the best system suffers some bad periods. BF Smart Scalper 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!

BF Smart Scalper EA System Parameters

  • Magic - it is extremely important to keep this different for all robots
  • EA_Comment - The text which will be set as 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 - the 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.

NOTE: Some of the parameters described in this section can be hidden or locked(disabled) in the free version. They are unlocked and available in the PRO version. For a complete list of parameters and functions, please check the Smart Scalper PRO: https://www.fxautomater.com/forex-robots/smart-scalper-pro

BF Smart Scalper EA on Action

Below you can check the backtest result of our forex robot - BF Smart Scalper - on the following currency pairs GBPUSD and USDCHF

BF Smart Scalper EA in action (SELL Trades):

BF Smart Scalper EA in action (BUY Trades):

Best Free Smart Scalper EA Backtest Result

GBPUSD

Period: 1999-2018

Risk: Fixed Lots

Deposit: $2000

Best Free Smart Scalper - GBPUSD Backtest - Fixed Lots

GBPUSD

Period: 2014-2018

Risk: Auto MM

Deposit: $2000

Best Free Smart Scalper - GBPUSD Backtest - Money Management

USDCHF

Period: 1999-2018

Risk: Fixed Lots

Deposit: $2000

Best Free Smart Scalper - USDCHF Backtest - Money Management

.Set Files For Each Supported Currency Pairs

The default settings of Best Free Smart Scalper EA are optimized for GBPUSD currency pairs. Below you can find indvidual .set files for other supported currency pairs. If you want to use the robot on other pairs please download the .set files from below list and load them correctly in the robot settings.

BF Smart Scalper EA is COMPATIBLE WITH MAC OS and Windows OS!

BF Smart Scalper EA is compatible with MAC OS and Windows OS

BF Smart Scalper EA is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt BF Smart Scalper EA to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed BF Smart Scalper EA to be compatible with them.

BF Smart Scalper EA is COMPATIBLE WITH Metatrader 4 (MT4) and Metatrader 5 (MT5)!

BF Smart Scalper EA is compatible with Metatrader 4 (MT4) and Metatrader 5 (MT5)

BF Smart Scalper EA is compatible with the most used metatrader platforms in the forex market - Metatrader 4 (MT4) and Metatrader 5 (MT5).


BF Smart Scalper EA

Download BF Smart Scalper EA

If you want to trade with BF Smart Scalper EA you can download it by clicking the button below. You must be logged in your profile first! If you don't have a profile yet, you can register for free from the Registration page.

DOWNLOAD BF Smart Scalper EA

Check Out Our Best Forex Robots Below

Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.