The Awesome Scalper Pro is a FREE Forex EA designed to leverage precise entry strategies using the William Percentage Range (W%R) indicator. This indicator helps identify oversold and overbought conditions in the market, allowing the EA to pinpoint potential entry points with accuracy.
Awesome Scalper Pro operates on the principle of identifying extreme market conditions through the W%R indicator. Once oversold or overbought levels are detected, the EA executes trades to capitalize on potential reversals or continuations. To enhance its effectiveness, the EA incorporates a flexible grid system that assists in recovering from unfavorable positions. This grid mechanism ensures that trades are placed only at predefined levels, reducing the likelihood of erratic or uncalculated entries.
Key Features of this FREE Forex EA
- No Curve Fitting – This FREE Forex EA is developed to perform consistently without relying on historical data curve fitting, ensuring reliability in live market conditions.
- Spread Filter – Ensures trades are only executed when spreads are within acceptable levels, avoiding high transaction costs.
- Hedge System – Provides additional protection during volatile market conditions.
- Flexible Grid System – Strategically places trades at designated levels to recover from losing positions.
- User-defined Averaging Lot Size – Offers customization for users to define lot sizes according to their risk tolerance.
- Innovative Drawdown Reduction System – Mitigates risks associated with large drawdowns by employing advanced reduction techniques.
Recommendations
- Minimum account balance of 1000$,
- Works best on AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD. (Work on any pair.)
- Work Best on M5.
