Awesome Scalper Pro
MT4 expert advisor that trades W%R extremes and manages adverse moves with a configurable grid and optional hedge; intended for M5 range-crosses.
Awesome Scalper Pro is an MT4 expert advisor that looks for overbought and oversold readings from the Williams Percent Range (W%R) and opens positions aimed at short mean reversion moves. When price moves against an entry, the EA can place additional orders at predefined levels to average the basket entry.
The EA includes a spread filter to avoid trading when costs spike, an optional hedge mode for volatile conditions, and user-defined averaging lot sizes for the recovery leg. The package on AutoFXRebate includes set files for the recommended pairs and a PDF install guide.
Grid risk warning. The EA uses a grid/averaging recovery method that can magnify drawdowns if a pair trends. Always run it on demo first, cap the total grid exposure and set a hard account-level stop.
Specifications
- Tool type
- Fully automated Expert Advisor for MT4
- Platform
- MetaTrader 4
- Strategy
- Williams Percent Range (W%R) entries with configurable grid recovery and optional hedging
- Recommended pairs
- AUDCAD, NZDCAD, CADCHF, GBPCAD, AUDNZD
- Recommended timeframe
- M5
- Suggested minimum capital
- Roughly 1,000 to 1,200 USD margin per 0.01 lot; size according to your own tests
- Trade controls
- Spread filter, user-defined averaging lot sizes, optional hedge
- Set files included
- Multiple AUDCAD, AUDNZD, CADCHF, GBPCAD and NZDCAD .set files for v23 presets
- At AutoFXRebate
- Free download, PDF install guide and Telegram support
How the EA enters and manages trades
The entry logic reads W%R to spot short-term extremes and opens a reversal or continuation position depending on settings. If the market moves against the initial trade, the EA can add orders at fixed intervals to lower the average entry price and attempt to close the basket profitably.
You set the spacing, lot sizes for each added order and whether hedging is allowed. Drawdown shape depends on those inputs and on how long a trending move persists.
- W%R triggers initial overbought or oversold entries
- Grid places additional orders at predefined distances
- User-set averaging lot sizes scale the recovery leg
- Optional hedge opens counter positions in volatile conditions
What to tune before you go live
M5 entries are sensitive to spread and execution. Use the spread filter and run the EA on the same broker and account type you plan to trade live so demo behaviour matches reality as closely as possible.
Cap the maximum number of grid levels and set an account-level stop loss. Treat the included set files as starting points, not final configurations.
Who this EA suits
It is for traders who accept the mechanics of grid recovery and want ready-made settings for certain AUD/CAD and related crosses on M5.
It is not suitable if you cannot tolerate runs of large drawdown or if you require a fixed per-trade stop only; grid designs expose basket-level risk that must be managed actively.
Features
- W%R-based entry logic tuned for range-prone crosses
- Flexible grid recovery with user-defined lot scaling
- Optional hedge mode for volatile conditions
- Spread filter to skip trades during high-cost moments
- Multiple .set files included for AUDCAD, AUDNZD, CADCHF, GBPCAD, NZDCAD
- PDF install guide included for MT4 file placement
Performance
This EA is a grid/averaging system rather than a fixed per-trade stop strategy. Run it on demo for several weeks using the included set files, log maximum drawdown and the number of grid levels hit, and use those figures to size live positions and decide maximum grid exposure.
Pros
- Clear entry rule based on Williams Percent Range
- Set files give a ready starting point for the recommended pairs
- Spread filter and hedge option provide levers to control entry quality
- Free at AutoFXRebate with a PDF install guide and Telegram support
Cons
- Grid and averaging can create large basket drawdowns during trending moves
- Designed only for MT4 and M5 timeframe, so not suitable for traders on MT5
- Requires careful parameter tuning and a reliable VPS for continuous running
- No automatic loss cap per single trade; account-level controls are your responsibility
Setup
- Unzip the package, copy the Expert Advisor file into MQL4/Experts, and copy the set files into a folder you can find again
- Restart MetaTrader 4 so the EA appears in the Navigator
- Open the recommended pair and timeframe (for example AUDCAD M5), attach the EA, and load one of the included set files such as AUDCAD_V23_0.01_lot.set
- Turn AutoLot off, use the small LotSize from the set file, and enable the spread filter. Run it on a demo account for at least a week and log drawdown and grid hits.
- If you go live, use a low-spread ECN account and a reliable VPS so execution matches demo conditions. You can open your live account through AutoFXRebate to receive backcom on every lot.
- Cap the maximum grid levels and set a hard account-level stop so a long trend cannot exhaust your capital
Verdict
Awesome Scalper Pro is a focused grid recovery EA for traders who understand averaging mechanics and want presets for several AUD/CAD and related crosses on M5. The included set files and spread filter make installation and controlled demo testing straightforward.
We suggest running the EA on demo with conservative lot sizing and grid caps, record the worst-case drawdown, and only move to live when those figures fit your risk plan. Download the package free from AutoFXRebate and use our Telegram support if you need help with installation or the set files.
Risk disclaimer
Forex and CFD trading involves significant risk and may not be suitable for all investors. Indicators, EAs and trading tools do not guarantee profits. Always apply proper risk management. AutoFXRebate did not build these tools and does not endorse any result they claim; test on demo before risking money.
Get Awesome Scalper Pro free
The file lives in our Telegram channel, together with the setup guide. Nothing to fill in.
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