BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version 1.7.
BF Scalper EA is an expert advisor that can be used with the MetaTrader 4 trading platform, its main purpose is to offer a simple yet effective EA that will use breakouts of the Bollinger Bands for its entry and exit signals.
The EA will set take profit and stop loss levels, it is best used on the M15 timeframe and with the GBP/USD, EUR/USD, EUR/CHF, EUR/AUD, GBP/CAD, USD/CAD, USD/CHF, and USD/JPY currency pairs.
The EA comes with a number of different parameters, these can be altered and doing so will slightly change the way that the EA functions. Some of the options include whether to use stealth mode, minimum equity, the band period, the entry and exit criteria, whether to use the tend filter, time restrictions, maximum negative swap filters, maximum spreads, and many more.
The BG Scalper EA is completely free to download, you will get unlimited access to the software completely free of charge. As there is no cost, there is also no need for a free demo version, so this is not available.
The BF Scalper EA has a lot of reviews, there are currently 77 user reviews which have given it an overall rating of 4 out of 5.
“I have been using BF Scalper EA for one week now on a demo account. Very good and profitable results. The author is also very quick to help and assist!! I will update in a month again and will start in real account in the near future if results maintain.” – A 5-star review.
“Very good EA thanks a lot. Update: profits and losses are equal.” – A 3-star review.
“Very impressive and complete EA, I have been testing it for a while now and I can say that the results (on real account) are very good. Definitely one of the best free EA I have ever seen. From my observations, the broker selection is very important for the proper functioning of the EA. The support from the developer is quick and accurate. I keep testing and will provide further updates on the results.” – A 5-star review.
As you can see, the majority of the reviews are very positive, those that are less than ideal show that the EA still functions, just the results aren’t quite as good as predicted. There are also over 700 comments for the EA, these are from people who have purchased the EA and Lachezar the developer has been replying to each one, the most recent comments and replies are from the day before writing this review, which shows that the developer is still very much active and offering a great level of support for their customers.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/28919