About the Firestorm Scalper Expert Advisor
The Firestorm EA for Metatrader 4 is a profitable Forex scalper robot designed for H1 charts that made $6,644 in 4 trading days.
It aims to capture short-term market movements and generate consistent profits.
The EA operates without using risky strategies like martingale, doubling down, or grid trading, ensuring a safer trading approach.
It is optimized for Gold and the major currency pairs. It also works on indices.
The robot can be used in 4 different ways, and you can set it up in the inputs section.
All trades are secured by stop loss orders and take profit orders.
As always, please test the Firestorm EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “FIRESTORM.SCALPER.V5.ex4” expert advisor
Key Features
High-Frequency Scalping
Executes multiple trades daily on H1 charts, targeting short-term price movements with high accuracy.
Robust Risk Management
Each trade includes a stop loss and take profit order, minimizing potential losses and protecting account equity.
Proven Performance
The EA has demonstrated a profit of $6,644 from 171 trades in just 4 days, with a profitability rate of 77.27% for short trades and 72.29% for long trades.
MyFXBook Trading Results
Find below the detailed Firestorm scalper bot track record (click on the picture for full-size view).
Key Points
- Algo trading: 100%
- Profit: $6,644
- Profitability: 77.27% short and 72.29% long
- Relative drawdown: 2.38%
The Firestorm Scalper Forex Robot has shown consistent performance in live market conditions, with verified results indicating steady returns and low drawdown.
This suggests that the EA effectively identifies and capitalizes on profitable trade opportunities while managing risk appropriately.
Trading Chart
The picture below shows the Firestorm EA attached to the Euro/U.S. Dollar 1-hour trading chart.
How the EA Works
- Scans H1 charts for scalping opportunities.
- Executes trades with precise entry and exit points.
- Uses stop loss and take profit for each trade.
- Avoids risky strategies such as martingale, doubling down, or grid trading.
- Monitors market conditions to adjust trading strategies accordingly.
Download Now
Download the “FIRESTORM.SCALPER.V5.ex4” EA
Parameters & Settings
- Lot Size: Fixed or percentage of account equity.
- Stop Loss: Adjustable according to risk preferences.
- Take Profit: Customizable for each trade.
- Magic Number: Unique identifier for each trade.
- Momentum: Configurable to detect optimal entries.
- Pulse: Adjustable to capture market movements.
- Spread: Set maximum allowable spread for trades.
Recommended Trading Setup
- Timeframe: H1 charts.
- Currency Pairs: Major pairs like EUR/USD, GBP/USD, USD/JPY.
- Broker: Low spread and fast execution.
- Account Type: ECN or STP recommended.
- Minimum Account Balance: $200 or equivalent.
FAQ
Can I use the Firestorm Scalper EA on other timeframes?
While optimized for H1, the EA may work on other timeframes. Performance may vary, so always test on a demo account first.
Does the EA work with all brokers?
It works with most brokers, but using one with low spreads and fast execution will yield optimal results.
Do I need a VPS to run the EA?
A VPS is recommended for uninterrupted trading and faster order execution, especially for scalping strategies.
Can I use the EA on multiple accounts simultaneously?
Yes, you can run the EA on multiple accounts, but ensure each account has a unique magic number to avoid conflicts.
Is the EA suitable for beginners?
Yes, the Firestorm Scalper is fully automated and beginner-friendly. Start on a demo account to understand settings and performance before trading live.
Summary
The Firestorm Scalper Forex Robot for MT4 is a reliable automated trading solution designed for H1 charts.
With robust risk management, safe trading practices, and proven performance, it allows traders to automate scalping strategies with precision and confidence.
