User Manual



NB: This is an aggressive trading robot with DCA averaging. There can be extended drawdown periods if the market goes against us. Always withdraw profits whenever you reach 25%of the deposit. And use an equity-based stop loss based on your risk appetite (A minimum 25% equity stop loss is recommended). 

FRZ Ultimate Scalper is an advanced, aggressive EA robot designed to work on M5 charts on MT4. It uses a proprietary smart averaging system with an optional lot maximizing feature and a drawdown recovery algorithm. It also includes a choppy market filter and volatility filter that can effectively recognize the unsuitable market conditions for the EA to operate.

Backtesting: Backtesting would not provide accurate results as some of the functions of the EA do not work well on backtesting. However, you can do a back-testing to get a rough idea. 


Product name FRZ Ultimate Scalper
Platform Supported MT4
Time frames supported M15
Supported currency pairs EA works on any currency pair. But the following are recommended: EURUSD, GBPUSD, USDJPY & AUDUSD
Recommended min. deposit Minimum $500 ($1000 recommended). Cent accounts can also be used.
Recommended lot sizing 0.01 lot size for each $1000 of deposit per pair (recommended)
0.01 lot size for each $500 of deposit per pair (Standard mode)
Backtesting Back-testing is possible but it might not produce accurate results without special preparations as news and some of logic might not work properly in back-testing. Forward testing is recommended with a demo.
Current version 9.5

We recommend that you withdraw the profit whenever the balance reaches 25% return on capital invested at least until you fully recover your initial deposit.

How to Install

1. Go to MT4>Options>Expert Advisors and tick “Allow automated trading”
2. Copy and EA to the MT4 Expert folder
3. Restart/refresh your MT4
4. Load the EA to the charts you want
5. Change the lot size and other parameter if necessary

EA Settings

Setting Explanations:

  1. Lot Size => Here you can set the lot size.
  • 0.01 lot size for each $1000 of deposit per pair (recommended)
  • 0.01 lot size for each $500 of deposit per pair (Standard mode)
  1. Take Profit => You can set the TP in points here.
  2. Virtual Stop Loss => You can set the SL in points here. Stop loss is virtual and only serves as a point to DCA averaging with additional entries.
  3. Maximum concurrent trades => You can set the maximum simultaneous trades that can be opened on DCA averaging.
  4. Use an equity-based stop loss => You can enable or disable equity-based stop loss. We recommended that you enable this.
  5. Max allowed equity loss % => This is the max allowed equity loss for the account. We recommended that you set at least 25% equity loss
  6. & 8. Trading start/end time => Here you can set EA start and stop time. For instance, this EA may work better during London/NY sessions; you may set the opening and closing times based on those market times.
  7. Filter too volatile markets => You can enable or disable the volatile market filter.
  8. Enable emergency exits => You can enable or disable emergency exits.
  9. Enable excessive spread filter => You can filter high spread times if you enable this.
User Manual