FireStorm Scalper EA V5
An MT4 grid and hedging EA with optional martingale and many ready set files; designed for XAUUSD on H1 but configurable for indices and FX.
FireStorm Scalper EA V5 is an MT4 expert advisor aimed at gold trading and prop firm challenge presets. The engine opens layered orders in a grid and can hedge; martingale lot progression is optional. The package includes multiple set files for different account sizes, symbols and timeframes.
Inputs include fixed lot mode, an equity stop that acts as an account-level hard stop, a news filter that can close trades before high-impact releases, and a basket take-profit that closes the whole set when the target is reached. The EA runs on MetaTrader 4 and includes a PDF install guide plus set files to help you start.
Grid and martingale risk. The EA can increase lot sizes and keep baskets open until price returns. Start on demo, use fixed lot mode and a hard equity stop on small accounts; do not enable martingale until you understand the drawdown behaviour.
Specifications
- Tool type
- Automated Expert Advisor (grid with hedging)
- Original name / Vendor
- FireStorm Scalper EA V5, Firestorm Academy
- Platform
- MetaTrader 4
- Strategy
- Grid entries, hedging option, optional martingale lot progression, basket take-profit
- Recommended symbols
- XAUUSD primarily; set files also for US30, NAS100 and various FX pairs
- Recommended timeframe
- H1 (presets provided; other timeframes possible)
- Minimum capital
- $100 on a Cent account; $500,$1000 suggested for standard accounts depending on settings
- Risk management
- Fixed lot mode available, equity stop, news filter, configurable max trades and hard SL
- Set files included
- Multiple presets for XAUUSD, NAS100, US30 and account-size templates
- At AutoFXRebate
- Free download, PDF install guide, set files and Telegram support
How the EA works
FireStorm is a recovery-style grid EA. It opens an initial order and adds layers as price moves against that position.
If hedging is enabled, buy and sell engines can run separately. A basket take-profit closes all open orders when the combined target is reached.
You can choose fixed lot sizing or enable martingale-style growth. The included set files control how aggressive the grid is and how many layers it will open.
What the key controls do
Fixed lot mode keeps each layer at the same size and reduces runaway risk compared with martingale. The equity stop closes the basket if losses exceed a set threshold.
The news filter can flatten or pause positions before high-impact events. Presets set grid step, grid factor, max lots and take-profit so you can load a starter configuration quickly.
Who should consider it
This EA fits traders who understand grid mechanics and accept deep drawdowns for a chance at recovery. They also need to run extended demo tests to tune presets to their broker and capital.
It is not suitable for traders with small accounts who cannot tolerate layered-grid drawdowns, nor for anyone who enables martingale without thorough testing.
Screenshots
Features
- Grid entries with configurable step, factor and max layers
- Hedging option allowing buy and sell engines to run separately
- Choice of fixed lot or martingale progression per layer
- Basket take-profit and hard equity stop to limit losses
- News filter to close or pause around high-impact releases
- Large collection of set files for XAUUSD, indices and account-size presets
- PDF install guide included
Performance
The package doesn't include a live trading record. Run the EA on demo for several weeks on the broker and account type you plan to use, and log the maximum drawdown, how often the grid adds layers, and how often the basket TP or equity stop triggers. Use those numbers to size positions and decide whether martingale is worth the risk.
Pros
- Ready-made set files let you load a starter configuration for XAUUSD H1 or indices quickly
- Configurable risk controls such as fixed lot mode and equity stop give ways to limit damage
- Includes a news filter and many presets for different account sizes and symbols
- Free from AutoFXRebate with PDF install instructions and Telegram support
Cons
- Grid plus optional martingale can create large, rapid drawdowns if price trends against the grid
- MT4 only; no MT5 build supplied
- Requires careful tuning and monitoring; not plug-and-play for small accounts
- No automatic update mechanism provided via AutoFXRebate
Setup
- Copy the EA into your MT4 MQL4/Experts folder, and keep the set files in a folder you'll remember
- Restart MetaTrader 4 so the EA appears in the Navigator panel
- Attach FIRESTORM.SCALPER.V5 to an H1 XAUUSD chart and load a set file such as XAUUSD_100K_jalelabou_.set or 200k_Preset_Chart_1.set
- Begin on a demo or cent account for at least one to two weeks, observe maximum drawdown and the number of grid layers added, and test with martingale off
- Keep the news filter enabled and set a conservative equity stop (HardSL) before any live deployment
- If you go live, use a low-spread ECN account and consider a VPS for uninterrupted operation; open your account through AutoFXRebate to receive backcom on every lot
Verdict
FireStorm Scalper EA V5 is a configurable grid and hedging EA that includes many set files and presets for XAUUSD H1 and some indices. It provides a quick way to run a grid engine, but the strategy carries clear drawdown risk, especially with martingale enabled.
Load a conservative set file on demo first, keep martingale off and use a hard equity stop while you measure worst-case drawdowns. Download the free package from AutoFXRebate and use the included PDF and Telegram support if you need help installing or tuning the presets.
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 FireStorm Scalper EA V5 free
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