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.
Risk Management and Safety Features
The Awesome Scalper Pro emphasizes minimizing drawdowns through several built-in safety mechanisms.
- Hedging – Enables the EA to offset potential losses by opening counter-trades during unfavorable market conditions.
- Drawdown Reduction – An advanced system designed to manage and reduce overall drawdown effectively.
- Timeframe Adjustments – Provides flexibility in trading by allowing users to adapt the EA to different market conditions and timeframes.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how the FREE Forex Robot works, and then only use it in a real account.
Recommendations for Awesome Scalper Pro
- Minimum account balance of 1000$,
- Works best on AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD. (Work on any pair.)
- Work Best on M5.
- Awesome Scalper Pro EA should work on VPS continuously to reach stable results. So we recommend running FREE Forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – MyfxVPS)
- Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)
 | Latency: 0.46 ms 2 Weeks Free Trial 100% Free for 24 Months | Licensed Window Server 2022 |
 | Low Spreads No Commission | Free TradingView Premium* FREE VPS for Traders* |
 | Min Deposit of 50$ |
Download a Collection of Indicators, Courses, and EA for FREE
Conclusion
The Awesome Scalper Pro is a robust FREE Forex EA for traders looking to incorporate technical precision and effective risk management into their strategies. By utilizing the W%R indicator and combining it with advanced safety mechanisms, the EA offers a balanced approach to trading. While the flexible grid system provides a means to recover from adverse trades, the emphasis on drawdown reduction and hedging adds layers of protection for the trader.
As with any trading tool, users are encouraged to test the EA on a demo account and customize settings to align with their trading goals and risk preferences before deploying it in live trading.
