Awesome Scalper Pro - AI Analysis
Professional Scalping EA | Archived review (delisted from MQL5)
Awesome Scalper Pro by Nga Ngan Wan is an MT4 scalping Expert Advisor that trades the M5 timeframe using the Williams Percent Range (W%R) indicator. It only enters at designated oversold or overbought levels, then relies on a flexible grid with user-defined averaging lot size to recover losing positions. Extra safety layers include a hedge system, a spread filter, timeframe adjustments, and a dedicated drawdown reduction module, and the recommended pairs are the quieter crosses AUDCAD, NZDCAD, CADCHF, GBPCAD, and AUDNZD.
This MetaTrader 4 forex robot suits traders who want mean-reversion scalping on range-bound cross pairs and who accept that a grid sits behind every losing entry. Because it is a fast M5 system, execution quality matters: a low-spread account and a stable VPS help the spread filter do its job. Reviewers mention good results and very low drawdown, but the listing never linked a specific live signal we could audit, so the evidence rests on a small review base and a long tick-data backtest. Still, averaging and hedging can amplify losses if a cross breaks out of its range, so size the grid conservatively and test the settings on a demo first. The EA has since been removed from the MQL5 Market, so new traders can no longer rent it and future updates are unlikely.
Our AI scored this Awesome Scalper Pro review 6.8/10, driven by excellent speed and a clear W%R entry model, pulled down by grid risk, a very small review base, no auditable live signal and the product's removal from MQL5. See the AI analysis below for what that score means.
Performance Overview
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🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our comprehensive analysis of Awesome Scalper Pro, here's what our AI system found and what it means for you:
📊 Accuracy: 78%
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.
💰 Profitability: 7/10
What this means: With a profitability score of 7/10, this EA shows good profit potential for scalping strategies. Users reported "good results" and "very low DD" in the few reviews, but with no auditable live signal and a grid behind losing entries, returns are unproven outside backtests.
⚡ Speed: 9/10
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.
🛡️ Reliability: 6.5/10
What this means: The 5/5 MQL5 rating came from only 3 reviews and 351 demo downloads, and the listing did not link a live signal we could verify. Grid averaging can hide losses until a cross breaks its range, and the EA is now delisted with its last update in March 2024.
🎯 Overall Recommendation
Our AI score of 6.8/10 treats Awesome Scalper Pro as an archival review. Fast W%R entries and a drawdown reduction module are real strengths, but grid averaging, only 3 reviews, no auditable live signal and its removal from MQL5 mean existing renters should run it cautiously and new traders should look at actively sold alternatives.
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).
Key Features & Benefits
📊 William Percentage Range (W%R) Indicator
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.
🔄 Flexible Grid System
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.
🛡️ Advanced Safety 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.
⚡ No Curve Fitting
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.
🎯 Spread Filter & Hedge System
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.
📈 User-Defined Averaging
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.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Awesome Scalper Pro
📊 W%R Indicator Precision
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.
⚡ Advanced Drawdown Reduction
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.
🔀 Explore other options
Not set on Awesome Scalper Pro? See our ranked alternatives below—each with AI scores and a one-click compare view against this tool.
Market Performance & User Feedback
📊 MQL5 Market Data
- Rating: 5/5 stars (excellent)
- Demo Downloads: 351 downloads
- Current Version: 23.0 (last listed; delisted)
- Published: March 29, 2024
- Price: $30-360 USD rental (last listed; delisted)
- Activations: 10 activations per rental
📈 User Reviews & Feedback
- Total Reviews: 3 reviews
- Comments: 29 community comments
- Success Stories: Users report "very low DD" and "good result"
- Support Quality: Supportive developer mentioned in reviews
- Compatibility: Works with ECN accounts, 1:100+ leverage recommended
Settings & Configuration
Awesome Scalper Pro Configuration:
- Installation: Copy the .ex4 file to your MetaTrader 4 Experts folder
- Setup: Attach to any chart with recommended currency pairs (AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD)
- Timeframe: 5 minutes (M5) for optimal scalping performance
- Account Type: ECN account with 1:100+ leverage recommended
- Initial Deposit: $1,200 per 0.01 lot per pair
- Risk Management: Use appropriate lot sizing based on account size and risk tolerance
For detailed setup instructions and configuration guide, please refer to the installation manual provided after rental.
Purchase & Resources
📦 Awesome Scalper Pro availability
Awesome Scalper Pro was last offered as a rental on MQL5 from $30 USD per month (version 23.0, 10 activations), but it is no longer available. Existing renters can reinstall it from MetaTrader 4 → Market → My Purchases until their rental ends.
User Reviews & Feedback Analysis
✅ Positive Feedback
Low Drawdown Performance
Users 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.
Stable Scalping Results
Users report stable performance with "good result" and appreciate the W%R indicator-based approach for identifying oversold/overbought entry points effectively.
Supportive Developer
Users highlight the supportive developer who provides assistance and guidance. The developer is mentioned positively in reviews for being helpful and responsive.
⚠️ Risk Concerns
Rental Model Costs
It was sold only as a rental ($30/month to $360/year), and it has now been delisted from MQL5, so new rentals and future updates are not available.
Scalping Strategy Risks
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.
Limited Currency Pairs
The EA is optimized for specific currency pairs (AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD), which may limit diversification opportunities for traders seeking broader market exposure.
Frequently Asked Questions
How much does Awesome Scalper Pro cost?
It was last offered as a rental from $30 USD per month (up to $360 USD per year), but Awesome Scalper Pro is no longer available on MQL5. Existing renters can reinstall it from MetaTrader 4 → Market → My Purchases until their rental ends; new traders cannot buy or rent it.
What makes Awesome Scalper Pro different from other scalping EAs?
Awesome Scalper Pro uses the William Percentage Range (W%R) indicator to identify precise oversold or overbought entry points. With an advanced drawdown reduction system and a grid behind losing entries, it's specifically designed for 5-minute scalping on recommended currency pairs with low drawdown performance.
How do I install and configure Awesome Scalper Pro?
Existing renters install Awesome Scalper Pro from MetaTrader 4 → Market → My Purchases (the product is delisted, so new rentals are not possible). 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.
What currency pairs work best with Awesome Scalper Pro?
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.
How does the W%R indicator work in Awesome Scalper Pro?
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.
What is the drawdown reduction system?
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.
What kind of support does Nga Ngan Wan provide?
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.