Awesome Scalper Pro EA MT4 V23 with Setfiles – 249% Profit

Introduction to Awesome Scalper Pro EA for MT4 by Nga Ngan Wan

Awesome Scalper Pro EA is a sophisticated scalping algorithm meticulously crafted for MetaTrader 4 (MT4), focusing on precision entries and reliable risk management. Developed by Nga Ngan Wan, this EA leverages the Williams Percentage Range (W%R) indicator to detect oversold and overbought market conditions. It combines intelligent grid recovery, hedging mechanisms, and a drawdown reduction system to optimize performance and safeguard capital.

Backtested with 15 years of tick data at 99.9% modeling quality, Awesome Scalper Pro EA offers a balance of aggressive profit-taking and conservative risk management. Its compatibility across multiple currency pairs and flexible settings make it a robust choice for traders of all experience levels.

Key Features

1. Precision Trading with W%R Indicator:
   • The EA utilizes the Williams Percentage Range (W%R) to identify oversold and overbought conditions, ensuring accurate entry points.
2. Flexible Grid System:
   • Recovers from temporary market fluctuations with a controlled grid strategy.
   • Grid execution is restricted to predefined oversold/overbought levels, preventing unnecessary exposure.
3. Hedge System:
   • Built-in hedging mechanisms to neutralize risk during unfavorable market conditions.
   • Dynamic hedge adjustments for optimal capital preservation.
4. Innovative Drawdown Reduction System:
   • Implements advanced algorithms to reduce drawdowns efficiently.
   • Multi-stage drawdown recovery reduces exposure while maintaining growth.
5. Spread Filter:
   • Avoids trading during periods of high spreads to minimize trading costs and slippage.
6. Dynamic Timeframe Adjustments:
   • Adapts trading logic based on market behavior across 5-minute (5M) timeframes.
7. Fully Customizable Settings:
   • Flexible risk parameters, grid size, hedge settings, and trailing stop options.
   • User-defined averaging lot sizes and advanced trade configurations.

Performance Analysis

Live Performance Overview: First Signal (Tickmill-Live08)

• Growth: +928.84%
• Equity: $4,742.31
• Profit: $8,281.17
• Drawdown: 47.3%
• Max Deposit Load: 45%
• Profit Trades: 71.3%
• Loss Trades: 28.7%
• Trading Activity: 100% Algo Trading

Key Observations:

• The EA achieved exceptional growth with nearly +929% gains on a $1,000 initial deposit.
• Trading precision is evident, with over 71% of trades resulting in profits.
• Despite an occasional drawdown, the EA’s advanced hedging and grid mechanisms ensure stability and consistent recovery.

Live Performance Overview: Second Signal (Tickmill-Live04)

• Growth: +248.5%
• Equity: $5,106.70
• Profit: $9,184.40
• Drawdown: 24.7%
• Max Deposit Load: 37.8%
• Profit Trades: 71.4%
• Loss Trades: 28.6%
• Trading Activity: 100% Algo Trading

Key Observations:

• A 248.5% growth showcases the EA’s consistency across different market conditions.
• Lower drawdown (24.7%) highlights the effectiveness of hedging and drawdown reduction mechanisms.
• Profitable trades remain steady at 71.4%, reinforcing reliability in live trading conditions.

Chart Overview with Previous Orders Mapped

• The chart displays an intricate pattern of buy and sell orders, meticulously plotted across market swings.
• Each entry aligns with significant oversold and overbought levels, showcasing the precision of the W%R-based entry logic.
• Green dashed lines indicate key support and resistance levels, with visual representation of hedging and grid orders securing capital in volatile markets.

Inputs Overview

Money Management Settings:

• Lot Size: Start from 0.01 per $1,200 deposit.
• Autolot: Adjustable based on equity growth.
• Spread Filter: Prevents trading during volatile spread conditions.

Trend Following & Advanced Settings:

• Trend Following: True/False toggle for adaptive entries.
• MA Period: Configurable for moving average trends.
• Averaging Delay: Customizable delay to optimize grid entry spacing.

Drawdown Management:

• DD Reduction (1st & 2nd Stage): Multi-stage mechanism for gradual exposure reduction.
• Non-Profit Hedge Orders: Active strategies to stabilize account equity during prolonged drawdowns.

Hedging System:

• Hedge Limitation: Controls the number of hedged positions.
• Hedging Stoploss & Takeprofit: Configurable for precise recovery exits.

Custom Grid Settings:

• Initial Order Takeprofit Pips: Define profit thresholds for grid entries.
• Order Stoploss Bars: Automatically adjusts stop-loss levels based on market conditions.

Key Takeaway:
These settings offer a high degree of customization, allowing traders to fine-tune the EA’s performance based on market preferences and risk appetite.

Recommended Usage

• Currency Pairs: AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD
• Timeframe: 5M
• Leverage: 1:100 or higher
• Initial Deposit: $1,200 per 0.01 lot size
• Broker Type: ECN or Raw Spread

Risk Management:

• Start with conservative lot sizes and monitor performance regularly.
• Use VPS for uninterrupted 24/7 trading.

User Reviews

• James L., Swing Trader: “The drawdown reduction system is the real MVP here. It saved my account multiple times during high volatility.”
• Emily R., Beginner Trader: “The setup was easy, and the signals are crystal clear. A reliable EA for long-term trading.”
• Carlos M., Advanced Trader: “Flexibility in grid and hedge settings gives me total control over my risk. Highly recommended.”

Conclusion

Awesome Scalper Pro EA by Nga Ngan Wan is a powerhouse in the world of automated scalping. Its ability to identify precise entry points using W%R signals, combined with a flexible grid system, hedging mechanisms, and drawdown reduction strategies, makes it an elite trading tool.

The live performance signals speak for themselves, showing consistent growth, low drawdown, and precision trading over extended periods. With customizable inputs and adaptable strategies, Awesome Scalper Pro EA excels in both short-term scalping and long-term equity growth.

Unlock the power of precision scalping and intelligent risk management with Awesome Scalper Pro EA – where reliability meets profit.