BF Scalper Pro claims to be one of the most successful expert advisors in the market. As per vendor claims, the system is capable of enhancing the trading efficiency while reducing the drawdown. However, we cannot go by the words of the vendor and this makes it necessary to analyze the various aspects of the robot.
BF Scalper Pro is a system that can trade in multiple currency pairs. You can buy it at an affordable price and the vendor also offers a money-back guarantee. However, there is a stark lack of vendor transparency. Also, the robot exhibits a high drawdown while trading live, which means you stand to lose a lot of money with it. Thus, we don’t think this is a reliable expert advisor.
What is BF Scalper Pro?
BF Scalper Pro works on the M15 timeframe. Using this robot, you can trade in pairs like USD/JPY, USD/CHF, GBP/CAD, EUR/CAD, EUR/AUD, EUR/CHF, EUR/USD, and GBP/USD. It has a money management system that allows for the automatic calculation of trading lots according to the free margin and the risk.
The money management system has a recovery mode. If you activate it, the robot will try to compensate for past losses by enhancing the lot size gradually. We feel like this is a very risky approach that can lead to bigger losses.
If you wish to avoid trading on specific days, you need to activate the news filter. Also, you can program the system to operate during certain hours using the time management feature. BF Scalper Pro has a Friday exit system that closes all open positions before the weekend.
Official BF Scalper Pro website
On the official website, the vendor has described all the features of the system. We have a list of EA settings, and links to live trading accounts and backtesting results. There are backtesting instructions for the robot, as well as the set files for compatible pairs.
BF Scalper Pro is a product from the Seychelles-based FXautomater team. We don’t have adequate information on this company and the vendor has not revealed the identities of the developers and traders. Thus, we are not impressed from a vendor transparency perspective and our expectations from this EA are quite low.
How can we use BF Scalper Pro?
Bf Scalper Pro uses a stop loss with every trade. It calculates the stop loss levels with the help of an algorithm that is based on the Average True Range (ATR) indicator. It also has a grid system that you can enable manually. You can combine the grid system with martingale if you wish to trade in a more aggressive manner. Most experts consider the martingale-grid combo risky, so you’d be better off avoiding it.
Pricing & refund
You can purchase BF Scalper Pro for a one-time fee of $137. The price is a bit lower in comparison to the market average. There is a 60-day refund policy for this robot.
This is a scalping bot that places a large number of trades daily. It tries to generate small profits for each trade. This is not a viable long-term strategy and novice traders might find the high-frequency approach quite stressful.
For this backtest conducted on EUR/USD, the EA placed 3567 trades. It had a win rate of 81.50% and a total profit of $9846.28. However, the relative drawdown was quite high at 39/61%. This tells us that the trading approach used was quite risky.
Since Mar 20, 2019, BF Scalper Pro has placed 2342 trades through this account. It has won 69% of them, generating a profit of $1980.47. Currently, the daily and monthly gains for this account are 0.12% and 3.57%, respectively. Here also, we notice a high drawdown of 29.35%. It is quite evident that this EA carries a high risk of ruin and this makes it an unsafe system.
What customers say
There are no user reviews for this expert advisor on the web. The lack of reputation is yet another reason not to invest in BF Scalper Pro.
Summary: is BF Scalper Pro a trustworthy EA?BF Scalper Pro
Trading Results1/5 Awfully
- Verified trading results
- Lack of vendor transparency
- High drawdown
- No customer reviews