Bollinger Bands Asian Session Scalper — by Lachezar Krastev (FXautomater)
BF Scalper EA (also called "Best Free Scalper EA") is a FREE Expert Advisor by Lachezar Krastev — the developer behind FXautomater products including Forex Diamond, Forex Gold Investor, and Forex Combo System. As the name implies, this is the developer's flagship free EA, published on MQL5 at product #28919. It uses Bollinger Bands breakout signals to enter trades during the Asian session (approximately 21–22 GMT), making it a true night scalper.
BF Scalper works on 9 currency pairs: EURUSD, GBPUSD, GBPCAD, USDCAD, USDJPY, EURCHF, USDCHF, EURAUD, and EURCAD, running on the M1 timeframe. Key protective features include a high-spread protection mechanism, a Stealth Mode option that hides stop-loss and take-profit levels from the broker, a Recovery Mode for drawdown situations, rollover and swap filters, and an optional trend filter using moving averages. A paid "BF Scalper PRO" version is available separately with additional features.
Developer: Lachezar Krastev (FXautomater) — FREE on MQL5 #28919
Low-volatility Asian session on pairs like GBPCAD, GBPUSD, and USDJPY with tight, stable spreads. Normal pre-London market conditions where Bollinger Band squeezes resolve with a breakout in one direction. ECN brokers with spreads below 1–2 pips on target pairs.
Asian session surprises (BOJ interventions, RBA/RBNZ surprises, geopolitical shock) that cause large multi-pair moves against Bollinger Band breakout direction. High broker spreads overnight that trigger the spread protection filter and reduce trade frequency. Recovery Mode can compound losses if misused during strong trending markets.
*Default optimization is for GBPUSD; other pairs may need adjustment. The paid "BF Scalper PRO" version is available separately on MQL5 with more advanced features.
BF Scalper EA is one of the most downloaded free EAs from FXautomater. Community feedback is mixed — some traders report profitable live runs during low-volatility Asian sessions, while others note strong dependence on broker spread. The EA's transparency (it's free and openly documented by the developer) makes it a popular starting point for learning about Asian session scalping strategies.
Read reviews and developer blog at: mql5.com/en/market/product/28919 and the developer's blog post at mql5.com/en/blogs/post/717667 . Always test on demo before live use.