FireStorm Scalper EA is a free, fully automated forex trading tool designed for both beginner and experienced traders. Firestorm Scalper V5, a unique Grid Hedging EA, is optimized for trading on XAUUSD (Gold) but can also be configured to trade various currency pairs and indices like US30 and NAS100. Its flexible settings make it compatible with both Regular and Cent accounts, broadening its appeal for traders with different experience levels and account sizes.
A key benefit of Firestorm Scalper V5 is that it includes ready-to-use set files, enabling beginners to quickly set up and execute trades. It also provides four trading modes, allowing users to customize their strategy with base lot increases, martingale, or fixed lot sizes. Traders can also automate scheduling, define specific take-profit and stop-loss levels, and utilize an equity protector—an especially useful feature for funded accounts like FTMO.
FireStorm Scalper V5 is equipped with critical features for risk management, including an Equity Stop Loss (SL) and a News Filter. When the News Filter is enabled, the EA will automatically close all trades before high-impact news events to avoid volatility. 
The minimum recommended account balance is $100 for a Cent account or between $500 and $1,000 for a Regular account. For funded accounts, the bot can also help meet profit targets, making it a versatile choice for passing account challenges.
Firestorm Scalper V5 runs exclusively on MT4, and while a VPS is optional, it ensures smoother operation with uninterrupted trading. The EA is frequently updated, adapting to new market conditions and keeping it aligned with the latest trends.
In conclusion, Firestorm Scalper V5 is an ideal solution for traders seeking an efficient and customizable forex trading bot. With its flexible configuration options, pre-set files, and compatibility with multiple pairs and indices, Firestorm Scalper V5 is a valuable tool for automating your trading strategy.
Recommendations for FireStorm Scalper V5
Minimum Balance: $100 for Cent accounts or an FTMO challenge; $500–$1,000 for Regular accounts.
Optimal Pair: XAUUSD (Gold), with presets for other pairs and FTMO challenges.
Best Timeframe: H1 (can be used on any timeframe).
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Low Spread ECN Account: For best performance, an ECN account with low spreads is ideal.
