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BF Scalper Pro EA Review: Is it a Scam?

BF Scalper Pro EA Review: Is it a Scam?

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BF Scalper Pro EA Review is about this automated trading robot that is seen as fair by most pundits. We plan to expound on this robot, whose developer is Lachezar Krastev. If the name sounds familiar, he is the developer of Omega Trend Indicator. The team behind these two robots is the FX Automater team. From their previous robots, it seems that BFScalper Pro is the only one close to perfection. Ensure you go this EA post to find out more.

BF Scalper Pro Review

When in need of tested and transparent trading tools, there are great tools for this experience. Ensure you sign up with authentic trading robots that the industry has to offer. These robots provide a more realistic way of ensuring users get the best out of trading. By guaranteeing the safety of your investments, the robots have become a favorite. Go for robots that are recommended by experts and the trading community. With genuine robots, your trading experience will be worthwhile.

About BF Scalper Pro

The team behind this robot has created many similar products over the past few years. Information on the product itself is the area where the developer needs to work on. There is no valid information on when or how the platform was developed. These developers should inform users why they decided to use this robot instead of others. We would like to know from the developer’s perspective, the difference between this and his other products. What made him go for this product?

We noticed that BF Scalper Pro is an improvement from all their other products. The developer claims the product sets itself apart from the rest. According to the developer, the EA offers realistic profit margins on different trading sessions. What most users don’t know is that the robot was initially released for free. An update was done, and the platform is now working under the professional version. The updated version has improved features such as exit logic and overall efficiency. It also has a new ATR based stop loss calculating algorithm and other features.

Assets covered by the EA

Information on the assets covered by the robot is slightly offered to consumers. We know that the platform works with major currency pairs and uses the Grid/Scalp strategy. The developer does not inform users whether there are other trading instruments available. With the crypto market becoming more lucrative, developers are also offering crypto pairs. And this is the reason informing investors on the available pairs is imperative. The developer should do a better job of explaining their trading assets.

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BF Scalper Pro license and registration

BF Scalper Pro Chart

Most of Lachezar’s products have one main problem. There is no regulation from authorities, which is a problem. BF Scalper Pro is not licensed to offer any good trading products or services. The vendor is located in Bulgaria, and the officials have no records of such a platform in existence. And this means that users are risking a lot with this platform. There is no security of funds despite the 60-day money-back feature. Without a permit, the vendor is no way covering any insurance for deposits made.

And this creates a problem we most of his products end up being a waste of time. Despite their vast expectations, the lack of a valid license is the problem. Investors want to feel safe when using these tools. There is no expert from the trading world that has tested the product. Only users test the product, and the results will vary. These results are not enough to warrant the use of such a product. The platform should consult with the BFSC and SBSB for a working permit.

Business owner

Lachezar Krastev is a developer with the FX Automater team. The team has been working around the clock to deliver trading robots. Most of their robots fail to have the backing of regulators. What they do, however do is offer a more realistic chance of winning. These developers have been in the game for a long and produce variant trading tools. One tool could be a game-changer and the other a flop. There is no consistency when it comes to the products they produce. When it comes to the robot in question, we do feel they have improved.

Comments from users

We have seen comments from users who claim to have won while using the robot. One such comment can be seen on the forex robot nation’s review on the same product. Stu is the name of the person who claims to be getting 5 percent profit every month. The person claims to get a stable and steady profit margin. When asked to produce his results, the user fails to do so. With over ten months now, there has been no response from Stu. And this is why valid evidence from users is the best form of promoting a product. Once users post their trading results, the product will get good ratings.

How to backtest the robot

For those who want to conduct a backtest of this robot, the process is well-explained. Just head to the product’s FX automater’s page where the procedure is explained. Users have first to download history from their MT4 or press the ‘F2’ key. Find the currency pair that you wish to backtest from your MT4 account. Double click on it, and the download immediately begins. One can repeat the process using different currency pairs. The results of the backtest will be shown on an image after opening the strategy teaser.

Features of BF Scalper Pro

It is clear that the platform users a scalping strategy based on their name. The price of the robot varies from $97 to $147. When it comes to their timeframe, the product is using the M15 timeframe. Some of the major currency pairs available include EUR/AUD, EUR/CAD, EUR/USD, USD/CAD, among others. There is a 60-day money-back guarantee feature that we will expound on later. These are some of the notable features one gets with the forex EA from Lachezar and his team.

Obstacles and opportunities with BF Scalper Pro

Available plans

BF Scalper Pro is not offering the robot with any set of plans, just the entire robot. Two prices come with this robot. The price starts at $97, and the other quoted amount is $147. With these prices, traders get a real account license with three demo accounts. We fail to understand the difference and why the robot is not under one price. The developer is targeting two classes of consumers with the same product. Such a plan should not exist as the developer should come up with a price for all.

Contact and support

One of the ways to contact the developer is by sending an email or comment via the MQL5 platform. Another way of reaching out is via their main page FX Automater. What is transparent with the platform is that there is no way of making direct contact. The vendor must leave a phone number for effective communication services. There is no live chat support on either of their sites, which is odd. A vendor with a long history of producing trading tools must be available at all times.

Results and trading performance BF Scalper Pro

BF Scalper Pro myfxbook results

The vendor has indeed produced verifiable results on myfxbook. With the results, we can see that the robot makes a 67.5 percent win rate, which is not that bad. There are better tools that make a higher average win, which says a lot about their algorithm. Information on their trading results can be found on myfxbook page. We also like the fact that the vendor updates the results of this robot. It shows that the vendor must be keeping track of what’s happening with the platform.

Scam or Legit BF Scalper Pro

BF Scalper Pro is not a scam, but they are not legit either. It is a product from a developer who has been producing trading tools. The only problem is that his works don’t get the backing of experts and the trading community. Anyone who signs up with the robot needs to be extra careful with the license and security of funds.

Closing remarks

The robot is an exciting trading tool that has some caveats. With the program offering steady trading results, the gains are modest at best. Nothing shoddy we see with the robot, which is a good thing.

Ensure you sign up with the best trading robots the industry has to offer. With safety for your investments a guarantee, these are the tools to get. Go for trading tools that have the full backing of industry players. It is what makes a successful trader.

We wish all our investors a happy trading experience.

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