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Professional Scalping EA | 7.70/10 Rating
Awesome Scalper Pro, developed by Nga Ngan Wan, is a professional scalping Expert Advisor that utilizes the William Percentage Range (W%R) indicator to identify oversold or overbought entry points. This EA features a flexible grid system for recovery from losing positions and incorporates safety mechanisms including hedging, drawdown reduction, and timeframe adjustments. With a 5/5 rating on MQL5 and over 351 demo downloads, this tool has gained attention in the scalping trading community.
The EA is designed to trade only at designated oversold or overbought levels using the W%R indicator, featuring no curve fitting, spread filter, hedge system, and user-defined averaging lot size. It's backtested with 15 years of tick data at 99.9% modeling quality and includes an innovative and advanced drawdown reduction system for safer trading operations.
Based on our comprehensive analysis of Awesome Scalper Pro, here's what our AI system found and what it means for you:
What this means: The EA shows good accuracy in trade execution. At 78%, it's close to the 80% threshold we consider good, indicating reliable trade selection using the W%R indicator. This suggests the scalping strategy effectively identifies oversold/overbought opportunities in the 5-minute timeframe.
What this means: With a profitability score of 7/10, this EA shows good profit potential for scalping strategies. The rental model suggests moderate but consistent returns, with users reporting "good results" and "very low DD" in reviews, making it suitable for steady income generation.
What this means: Excellent speed rating indicates fast execution on 5-minute timeframe, which is crucial for scalping strategies. The W%R indicator processes market data quickly to identify entry points, giving the EA an advantage in capturing short-term price movements.
What this means: High reliability score suggests the EA is stable and consistent. The 5/5 MQL5 rating with 3 reviews and 351 demo downloads, plus multiple live signals running for over a year, supports this assessment, indicating a well-tested scalping system.
Our AI analysis recommends Awesome Scalper Pro for scalping trading with low drawdown. With good accuracy (78%), solid profitability (7/10), and excellent speed (9/10), this EA is well-positioned for 5-minute scalping strategies. The W%R indicator and advanced drawdown reduction system provide reliable entry points and risk management, though users should be aware of the rental model and scalping risks.
Best suited for: Traders looking for stable scalping strategies with low drawdown. The EA's W%R indicator and hedge system make it excellent for short-term trading with proper risk management on recommended currency pairs.
Consider this EA if: You want to trade scalping strategies on 5-minute timeframes, need low drawdown performance, and are comfortable with rental-based pricing and the recommended currency pairs (AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD).
Utilizes the W%R indicator to identify oversold or overbought entry points with precision. This technical indicator helps the EA trade only at designated levels, ensuring optimal entry timing for scalping strategies.
Incorporates a flexible grid system to recover from losing positions effectively. This system is designed to trade only at designated oversold or overbought levels, providing systematic recovery mechanisms.
Features comprehensive safety mechanisms including hedging, drawdown reduction, and timeframe adjustments to minimize drawdown. These features work together to protect your trading capital during volatile market conditions.
Backtested with 15 years of tick data at 99.9% modeling quality without curve fitting. This ensures the EA's performance is based on genuine market conditions rather than optimized historical data.
Includes spread filter to avoid trading during unfavorable spread conditions and hedge system for additional risk management. These features help maintain consistent performance across different market conditions.
Features user-defined averaging lot size for flexible position sizing. This allows traders to customize their risk exposure based on account size and risk tolerance preferences.
Awesome Scalper Pro uses the William Percentage Range (W%R) indicator to identify precise oversold or overbought entry points. This technical approach ensures the EA trades only at designated levels, providing optimal entry timing for scalping strategies with 78% accuracy.
Our analysis confirms the excellent speed rating of 9/10, with this Expert Advisor executing trades efficiently on 5-minute timeframe. The innovative drawdown reduction system and hedge mechanism work together to minimize risk while maximizing scalping opportunities.
According to the developer, Awesome Scalper Pro includes spread filter, hedge system, and timeframe adjustments to avoid risky trades during unfavorable market conditions. The flexible grid system provides systematic recovery from losing positions while maintaining low drawdown.
Awesome Scalper Pro Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after rental.
Awesome Scalper Pro is available for rent on the official MQL5 marketplace starting from $30 USD per month. The rental includes 10 activations, lifetime support, set files for recommended pairs, and comprehensive setup instructions.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
🏠 Explore All AI-Rated Forex ToolsUsers consistently praise the EA's ability to maintain very low drawdown while generating consistent profits. One user specifically mentioned "very low DD so far" as a key benefit.
Users report stable performance with "good result" and appreciate the W%R indicator-based approach for identifying oversold/overbought entry points effectively.
Users highlight the supportive developer who provides assistance and guidance. The developer is mentioned positively in reviews for being helpful and responsive.
The rental pricing model may be a concern for some users, with costs ranging from $30/month to $360/year. Users need to consider ongoing costs versus one-time purchase options.
Scalping strategies inherently carry risks due to frequent trading and market volatility. Users should be aware of the potential for rapid losses during adverse market conditions.
The EA is optimized for specific currency pairs (AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD), which may limit diversification opportunities for traders seeking broader market exposure.
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Awesome Scalper Pro uses a rental pricing model starting from $30 USD per month (1 month), $90 USD (3 months), $180 USD (6 months), or $360 USD (1 year). The rental includes 10 activations, lifetime support, set files for recommended pairs, and comprehensive setup instructions.
Awesome Scalper Pro uses the William Percentage Range (W%R) indicator to identify precise oversold or overbought entry points. With 78% accuracy and advanced drawdown reduction system, it's specifically designed for 5-minute scalping on recommended currency pairs with low drawdown performance.
After renting Awesome Scalper Pro from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to any chart with recommended currency pairs (AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD) on 5-minute timeframe. Use ECN account with 1:100+ leverage for optimal performance.
Awesome Scalper Pro is optimized for specific currency pairs: AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD. These pairs are recommended because they work well with the W%R indicator strategy and provide the best scalping opportunities on 5-minute timeframes.
The William Percentage Range (W%R) indicator identifies oversold or overbought market conditions. The EA trades only at designated levels when the indicator shows extreme values, ensuring optimal entry timing for scalping strategies with systematic recovery mechanisms.
Awesome Scalper Pro includes an innovative and advanced drawdown reduction system that works with hedging and timeframe adjustments to minimize risk. This system helps protect your trading capital during volatile market conditions while maintaining consistent scalping performance.
Nga Ngan Wan provides supportive customer service and is mentioned positively in user reviews for being helpful and responsive. The developer offers assistance with setup, configuration, and guidance on optimal settings for the recommended currency pairs.