Bollinger Bands or Bollinger Bands (BB) is a channel indicator that has a serious drawback. It
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“Steady” is a 100% flexible expert adviser based on price movement. it’s a built-in Smart Recovery algorithm.
just one transaction at a time. every trade includes Stop Loss and Take Profit from very start, and they do not shift.
This is for those, who are searching for steady and stable growth over the long term.
use the discounted promo price. Price will be increased up to $1299 on January 1-st.
“Steady” for MetaTrader5 is here: https://www.mql5.com/en/market/product/56240
Recommended pairs
My favourite are EURUSD, EURJPY. You can also try other pairs with more conservative settings
“Steady” is not broker sensitive, you may chose any broker you trust to. The less the spread is, the better.
Recommended leverage is 1:100 and 1:500 is even better.
Time Frame of the chart for real live execution does not matter. But, make sure that you have all timeframes data available in history center (F2).
For BACKTESTING IN MT4 the timeframe must be M1. You also should load all available timeframes in MT4. In MT5 any timeframe for backtesting will work.
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Base Lot, per every 1000 of Balance – sets the lot. It is calculated asBaseLot*(Balance/1000). So, if you have an Account with 2000USD and Base lot is 0.05, your traded lot will be 0.05*(2000/1000) = 0.1
Recovery Aggression – “Steady” has a built-in recovery algo. It will auto increase the lot after the losing trade to recover the loss. Lott is calculated dynamically. The bigger the recovery aggression parameter is set, the more aggressive lot increase happens. If set to 0, there will be no lot increase and all trades will be performed with Base Lot, as per settings above
Max Lot, times Base Lot – Limits the max lot, which can be used if Smart Recovery is enabled. It is set as a multiplier for base lot. I.e. if it is set as 15 and base lot as per calculations above is 0.1 lots, the Max allowed lot per trade would be 15*0.1=1.5
Spread Filter – allows avoiding trades in high volatility times when broker increases the spread
Hidden Stops – If true, no SL and TP will be sent to broker, but EA will close the trades by itself instead. EA must be up and running at all times in order for this option to work.
Magic Number – unique EA identifier. Should be set different in case when multiple instances of EA are used on the same currency pair.
No Action – enables / disables “No Action” or Sleep mode, when EA is not taking any trading action. May be useful when you decide to manage trades manually. Also, you can enable No Action after migration to MQL5 VPS, so EA does not attempt to trade on your local PC.
Balance : $500 – $5000
Base Lot, per every 1000 : 0.01-0.03
Other Settings: defaults
“Steady” can work on both VPS solution from MQL5 and regular VPS with desktop access
1) “Steady” is designed for trading ForEx. It was not tested on metals, shares etc.
2) “Steady” will not work on accounts with overnight positions rollovers (closing and reopening by broker).
Key Features of Algorithmic Trading Software
16 October 2020
07 December 2020
1.3
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To view other Expert Advisors MT4, select one of the filters corresponding to your interests in forex trading.
