The logic of the BEEF Scalper PRO EA is simple but effective – the EA uses Bollinger Bands breakouts for entry/exit signals. Reasonable stop loss levels range from 20 to 60 pips. You can use a small fixed take profit of 4-8 pips or exit logic. The exit logic is also based on Bollinger Bands. The position is closed when the price is next to the opposite Bollinger band or breaks it, even if it causes a loss. The BandBreakExit parameter is responsible for this, which works best with values from minus one to one or two.
Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication
|GBPUSD, EURUSD, EURCHF, EURAUD, EURCAD, EURGBP, GBPCAD, USDCAD, USDCHF, USDJPY
|At least 100 currency units for each currency pair
|NPBFX, IC Markets, ALPARI
|For advisor recommended to use VPS 24/5
|Zomro (most affordable Windows server only $ 2.75 per month)
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!