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Content: Expert: Awesome Scalper Pro_fix.ex4 (Unlocked-Unlimited), Presets, NO MANUAL.
Awesome Scalper Pro Trading Algorithm
The Awesome Scalper Pro utilizes the William Percentage Range (W%R) indicator to identify key entry points based on oversold or overbought conditions. With a built-in grid system and a range of advanced safety mechanisms, this system is designed to minimize drawdown while maximizing profitability in trending and consolidating markets.
Key Features:
No Curve Fitting
The strategy is robust, tested without over-optimization, ensuring real-world effectiveness.
Spread Filter
Ensures optimal trading conditions by filtering trades during high spread periods.
Hedge System
Implements a hedging strategy to protect against significant losses during market reversals.
Flexible Grid System
A dynamic grid system that can recover from losing positions by adding positions at strategic intervals.
User-defined Averaging Lot Size
Adjustable lot sizes based on user preferences and risk tolerance.
Advanced Drawdown Reduction System
Designed to reduce drawdowns and manage risk effectively during unfavorable market conditions.
Backtested Performance
Backtested with 15 years of tick data at 99.9% modeling quality, ensuring reliability and performance consistency.
Recommended Currency Pairs:
AUDCAD
NZDCAD
CADCHF
GBPCAD
AUDNZD
Trading Settings and Requirements:
Timeframe: 5-minute (5M)
Account Type:
An ECN account with a leverage of 1:100 or higher is recommended for optimal performance.
Initial Deposit:
USD 1,200 per 0.01 lot for each pair is suggested. This amount will help manage significant drawdowns during unexpected market movements.
Trading with a lower deposit is possible, but ensure you have sufficient reserves.
Note:
The provided settings file is for 0.01 lot size. If trading with a higher lot size, adjust the averaging lot size setting accordingly.
Key Considerations:
Risk Management: Always ensure your account has sufficient capital to handle the grid system’s risk, especially during high volatility or unexpected market shifts.
Flexibility in Lot Size: The algorithm allows you to adjust lot sizes based on risk tolerance and trading preferences.
