The Awesome Scalper Pro is a completely free and automated Forex trading EA designed to capitalize on precise market entries using the Williams Percentage Range (W%R) indicator. By identifying overbought and oversold conditions, this EA pinpoints high-probability trading opportunities, making it an effective tool for scalpers.
How Awesome Scalper Pro Works
The EA leverages the W%R indicator to detect extreme market conditions. Upon identifying oversold or overbought levels, it executes trades aimed at taking advantage of potential reversals or continuations.
To enhance its performance, the Awesome Scalper Pro includes a flexible grid system, which assists in managing and recovering from unfavorable positions. This grid mechanism ensures trades are placed systematically at predefined levels, reducing the risks associated with uncalculated entries. 
Key Features of Awesome Scalper Pro
- No Curve Fitting
- Designed to perform reliably in live market conditions without dependence on historical data fitting.
- Spread Filter
- Ensures trades are executed only when spreads are within acceptable levels, minimizing transaction costs.
- Hedge System
- Adds an extra layer of protection during periods of high market volatility.
- Flexible Grid System
- Strategically places trades at designated levels to recover from drawdowns while maintaining calculated risk.
- User-Defined Averaging Lot Size
- Allows traders to customize lot sizes according to their risk tolerance and trading preferences.
- Innovative Drawdown Reduction System
- Utilizes advanced techniques to mitigate and manage risks associated with large drawdowns.
Risk Management and Safety Features
The Awesome Scalper Pro incorporates several built-in mechanisms to emphasize safety and effective risk management:
- Hedging: Opens counter-trades during adverse conditions to offset potential losses.
- Drawdown Reduction: Actively manages and reduces drawdowns to ensure account stability.
- Timeframe Flexibility: Enables traders to adjust settings based on market conditions and timeframes for optimal performance.
Recommendations for Optimal Use
Minimum Account Balance: Start with a minimum balance of $1,000 to support the EA’s grid and hedging mechanisms.
Best Currency Pairs: Optimized for AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD (compatible with other pairs as well).
Preferred Timeframe: Works best on the M5 timeframe, though it can adapt to other timeframes if needed.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
