FIRESTORM PROP FIRM SCALPER EA V5 MT4

FireStorm Prop Firm Scalper EA V5 Overview:

• Name: FireStorm Prop Firm Scalper EA V5
• Type: Fully automated Grid Hedging Expert Advisor
• Currency Pair: Primarily optimized for XAUUSD (GOLD), but adaptable to other pairs and indices like US30 and NAS100.
• Account Types: Compatible with both Regular Broker Accounts and Cent Accounts.
• Minimum Account Size:
  • Cent Account: $100
  • Regular Account: $500 to $1000 (with any broker of your choice)
  • Also suitable for Funded Accounts like FTMO or MyForexFunds.

Key Features:

1. Flexible Settings:
   • Comes with set files for quick setup, making it accessible even for beginners.
   • Four ways to use the bot:
     • Base lot with incremental size (can use martingale or fixed lot).
     • Auto-schedule option.
     • Specific take profit and stop loss levels.
     • Equity protector (useful for funded accounts).
2. News Filter Option:
   • When enabled, the EA closes all trades just before any High Impact News is released.
3. MT4 Compatibility:
   • Runs exclusively on MetaTrader 4 (MT4).
   • No VPS required, but recommended for uninterrupted trading.
4. Constant Updates:
   • Regular updates to stay up-to-date with the latest trading trends and market conditions.

Trading Strategy:

• Grid Hedging Strategy:
  • FireStorm Prop Firm Scalper EA V5 employs a grid-based approach.
  • It dynamically adjusts position sizes based on market movements.
  • The base lot can be increased incrementally, allowing flexibility in risk management.
  • Can use either martingale or a fixed lot approach.

Recommended Settings:

• Account Balance:
  • Minimum Cent account balance: $100 (equivalent to a standard account).
  • Ideal for XAUUSD (GOLD) trading.
  • Works best on the H1 timeframe (but adaptable to any timeframe).
  • Consider running it 24/7 on a reliable VPS for stable results.
  • Opt for a low spread ECN account for optimal performance.