EA Stepper is a fully automated expert advisor for the mt4 platform, which can be used for short/medium/and long-term strategies. The strategy is to find periods of very low volatility to place entries in the direction of the daily trends. If trend direction changes and open trade is in loss, a scaled lot trade will be opened in the opposite direction. It includes money management features such as an auto lot feature and stop-loss by equity percentage to control risk.
SUGGESTED CONDITIONS:
ECN account with the lowest spreads and commissions possible
Hedging Account Leverage 500:1
VPS is suggested
A minimum deposit of $1000 is suggested (can run with lower)
INPUT PARAMETERS (parameters IN_ALL_CAPITALS are suggested to optimize first):
Max Lot Size: Maximum Lot size to trade, can be separate from the broker’s max lot size.
Max Spread: In points, will not trade if the spread is higher than this. Highly suggested to set this to your broker’s advertised average spread.
MagicNumber1: Differentiates trades from other EAs across the account. Make sure it is unique!
MagicNumber2: Differentiates trades from other EAs across the account. Make sure it is unique!
Start Hour: trading starts at this hour
Stop Hour: trading stops at this hour
Auto Lot: Automatically scale lot size according to account size.
Auto Lot Margin: Amount for Auto Lot calculation.
Initial Lot: Lot size per amount of Auto Lot Margin. Example: Initial Lot = 0.01, Auto Lot Margin is $500, and account equity is $1500, unscaled trade size = 0.03 lot.
SCALEDLOT_TRADES: Number of consecutive win trades to scale. Scaling calculation is current lot size + initial lot*consecutive wins up to variable value. 0 turns scaling off.
Max Open Trades: Total number of simultaneously open trades.
RESTART_BY_EQUITY%: Resets the method for calculating how many trades to scale by consecutive wins. Helps control risk.
EQUITY_DRAWDOWN_SL%: A SOFT equity stop loss. Percent of account equity at the time a trade is placed to allow for drawdown before closing trades. Trading will continue next signal. Mainly used to manage the risk of scaled lot trades, or as virtual SL. Also restarts consecutive win scaling.
Hard Equity SL%: Stops trading after this amount of absolute drawdown.
Hard Equity Stop Loss Mode: Use Absolute or Relative drawdown for Hard Equity SL%
Profit Target%: Desired percentage of profit before action. Can turn off or restart.
Restart On Target: If True, EA will continue trading but will increase the minimum account equity level in Absolute Mode by Profit Target%
SL Timeframe: ATR Time Frame to set Stop Loss level.
Min TP Points: Minimum points for taking profit, will be default if TP_TIMEFRAME points are less than the entered value. To use FIXED TP set TP_TIMEFRAME to 1 minute.
TP_TIMEFRAME: ATR Time Frame to set Take Profit level.
TS Points: Points after which to engage BE Trail Stop on recovery trades. 0 = disabled
Recovery Direction: Sets whether scaled lot trade should be placed Against Price Direction, With, or Both (Bidirectionally), this setting requires a hedging account, or else Against should be selected. OFF to disable.
Lot Scale: Multiplier of Initial Lot when recovery mechanism engages.
TREND_TIMEFRAME: Sets Timeframe for the main trend indicator.
ATR_CALCULATION: Which calculation to use for setting ATR entry to thresh hold.
ATR_MA_PERIOD: Period for ATR Moving Average calculation.
ATRTimeFrame1: Time Frame for 1st ATR indicator.
ATRperiod1: Period for 1st ATR Indicator.
ATRTimeFrame2: Time Frame for 2nd ATR indicator.
ATRperiod2: Period for 2nd ATR Indicator.
DEMARKER_ENTRY: Whether to use the RSI filter for entry
DEMARKER_MA_PERIOD: Period for RSI filter.
De Marker Time Frame: Time frame for De marker indicator
De Marker Period: Period for RSI entry indicator.
ENTRY_TIMEFRAME: Timeframe on which entry is decided, entry frequency.
NOTES:
If you have any questions or concerns with the EA’s operation or on how to install or optimize it, please feel free to PM me. I am not always at this but will do my absolute best to respond to your concerns as quickly as possible. Feedback and suggestions for improvement are always welcome, happy trading!
NOTE:
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.