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Bollinger Bands Width indicator - fixing BB shortcomings

Bollinger Bands Width indicator - fixing BB shortcomings

September 5, 2023

Bollinger Bands or Bollinger Bands (BB) is a channel indicator that has a serious drawback. It

Bulls and Bears power indicators - who is stronger in the market

Bulls and Bears power indicators - who is stronger in the market

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The movement of quotes is a struggle between buyers and sellers, trying to push the price in on

Chande Kroll Stop indicator - a tool for setting stops

Chande Kroll Stop indicator - a tool for setting stops

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Most indicators are used to search for signals to enter the market, a preliminary analysis of h

“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

Pair

Pair

TimeFrame

Trading strategy

Trading strategy

TimeFrame

Trading functions

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Volcan Software December 24, 2020 11:07 am
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Really very good product and great support from Andrey. The EA is doing really good in Forex also. It is possible to count a couple of products similar to this one in all MQL5 market!!

Vu Quoc Balogh December 24, 2020 11:07 am
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Finest EA ever! The telegram group is well supported by Andrey too. He always answers questions and assist you with every step Steady EA is an wonderful EA, it opens trade right at support and resistance. If you’re experienced, it is possible to help EA manage trades, move SL to BE, start additional commerce with EA and all of that stuff. Simply wonderful. Look forwards to next update and lets make this EA better and better.

nirenmehta December 24, 2020 11:06 am
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You can not fail with andrey. Jump In men

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