Awesome Scalper Pro EA for MT4 is an automated trading system that uses the Williams Percentage Range (W%R) to pinpoint oversold and overbought opportunities. It employs a flexible grid system to recover from losses and integrates safety measures like hedging and drawdown reduction, ensuring effective risk management.
Advantages of Awesome Scalper Pro EA MT4
1. Advanced Trading Algorithm
Awesome Scalper Pro employs the William Percentage Range (W%R) indicator to effectively pinpoint oversold and overbought entry points. This advanced algorithm enhances trading accuracy and helps in making informed trading decisions.
2. Flexible Grid System
The EA incorporates a flexible grid system that strategically trades only at predetermined oversold or overbought levels. This grid system is specifically designed to recover from losing positions, making it easier for traders to manage risk and regain profitability.
3. Comprehensive Safety Mechanisms
Awesome Scalper Pro includes robust safety features such as hedging and an innovative drawdown reduction system. These mechanisms are integrated to minimize potential drawdown, providing traders with peace of mind during volatile market conditions.
4. Proven Track Record
With live signals running over a year on various accounts, Awesome Scalper Pro has demonstrated consistent performance. Examples include:
- 1K initial deposit on Tickmill (17 months)
- 5K initial deposit on Tickmill (1 year)
- 8K initial deposit on IC (1 year)
- 3K initial deposit on Exness (almost 1 year)
5. No Curve Fitting
Awesome Scalper Pro is built on a no curve fitting principle, which means its strategies are robust and not over-optimized for past data, making it more reliable in live trading scenarios.
6. Backtested Performance
The EA has been backtested with 15 years of tick data at 99.9% modeling quality, further solidifying its credibility and the effectiveness of its trading strategies.
7. Customizable Settings
Traders can define their own averaging lot sizes, allowing for flexibility in risk management and position sizing based on their individual trading preferences.
8. Recommended for Specific Currency Pairs
The EA is optimized for specific pairs such as AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD, enhancing its performance potential in those markets.
9. User-Friendly Setup
The EA is designed for easy integration and can be used effectively on a 5-minute timeframe, making it suitable for both novice and experienced traders.
10. Recommended Account Parameters
For optimal performance, it is recommended to use an ECN account with a leverage of at least 1:100 and an initial deposit that aligns with the trading size, typically around USD 1,200 per 0.01 lot.
Note: While trading with a lower initial deposit is possible, maintaining sufficient cash reserves is advisable to manage significant drawdowns.
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