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SteadyWinner EA is a trading robotused by the develper himeslf on his live account Hi, welcome to the home of the EA SteadyWinner, a robot for making steady profit in forex trading. If you do not have a copy of this EA, you can download Version 1 from here. Use Winzip or other software to unzip the compressed files and you will see SteadyWinnerV1.ex4 and a manual. Version 1 is free for everybody. The ex.4 file should be put in the folder called "expert" in the directory where you have your Metatrader. For example, I installed Metatrader in the directory C:/Program Files/FXDD-Metarder 4. Then, I should put SteadyWinnerV1.ex4 in C:/Program Files/FXDD-Metarder 4/ experts/ .If you don't understand, read the manual. There is Version 2 available, but you have to read through the end of this page to learn how to get it. If you are a newbie and do not know what an EA (Expert Advisor for Metatrader) is, please learn from this link . If you do not know what forex is about, you can learn from this link, and you will be able to use my EA. Now, let me introduce myself. I am not a scammer, nor a professional EA seller. I am a trader like you. I love using EAs and have some experience on it. SteadyWinner is the result of my learning of MQL for so many years. I am using the EA on my live account myself, and it generates steady profit. Here below, I will tell you how it works. Trading principles It is based on three simple principles: 1. Follow the trend. There are many indicators helping traders to find out the trend. The indicator I use is just some Expotential MAs. The method is very simple, but surprisingly effective. 2. Enter buy or sell when there is a good position. A good position to buy is when the trend is going up and we buy at a dip. And we do the opposite to make a sell entry. A good positon is sometimes more important than whether we are with the trend. 3. Enter the market when there is momentum. The first 2 principles alone will make the EA profitable already. The thrid principle can make the drawdown a bit smaller. Though not a professional programmer, I have been learning, testing and programming EAs for some years. To my surprise, SteadyWinner, which only based on some simple and traditional indicators, performs even better than many commercial EAs I have tested. Don't believe? Here below are the backtest result of Version 1 from 2009 onward and Version 2 from 1999 up to the present date. Backtest results SteadyWinner Version 1 (Free Version) 1 Jan 2010 - 9 Apr 2010 Click here to see full report
SteadyWinner Version 2 1 Jan 2010 - 9 Apr 2010 Click here to see full report
SteadyWinner Version 2 1 Jan 1999 - 5 Apr 2010 Click here to see detailed report
As you can see, the curve is rather smooth over the ten years, so the trading principles are for the long term. It is not the kind of commercial EAs that exaggerate the rewards and put your account into too much risk, or evern using a sort of martingale system (increase lotsize when losing) that will eventually blow up your account. Why there is no forward test? It is because I am running more than one EAs on my live account and I don't want to set aside some money to open another live account. My friend, I suggest you do backtests and forward tests yourself. Trust yourself, don't trust me. First try SteadyWinner Version 1on a demo account for a few months. It is in conservative mode, so there is not much risk. When you are confident enough, run it on your live account. Aslo you are actually helping me if you run it on a different broker. I do all my testing on a live account at FXDD, I have no idea whether the EA, though progrmamed to work on 4 or 5 digit borkers alike, has the same performance on other brokers as well. I rely on you to give me some feedback. If SteadyWinner does not work on a certain broker, please let me know, I will try to make some improvement. Money Mangement The green verticle lines at the bottom show the lot size. SteadyWinner requires a platform on which we can trade 0.01 lot. Normally, we put 2 % of our accout balance into risk, which means at most for each losing trade, we lose 2% of the money we have. To be even safer, what I do is to stop trading when there is a losing trade. but in order to monitor the market and let us know that the EA is winning again, we trade at the smallest amount (0.01). But in the long run, since we are winning gradually, the lotsize will be increasing, which creates a compound effect. The EA does not trade in December because the market is unstable. Important note: SteadyWinner V1 can only run on a micro account (an account that can trade 0.01 lot). Some brokers do not support microlot on their demo account. Consult your broker whether your account can trade the microlot (0.01 lot) or not. You can ask for a change. If you just want a microlot demo account, you can try FXDD. SteadyWinner V2 does not have such
restriction. It can run on
a microlot, minilot or standard
account. What is the difference between Version 1 and Version 2? The performance of Version 1 (the free version you got) is in itself profitable. It is fully workable on a domo account or a live account and will never expires. But it is not as good as Version 2 because of two reasons. First, in Version 1, the indicator for principle 3 is missing, so sometimes suffer from a bigger drawdown. Second, in Version 2, the money management is more advanced. When the marketing condition is favourabe, the EA will graduately increase the lotsize from 2%, 4% to 6%. when the market condition is not favourabe, it will go back to minimum. So there is a potential of higher profit while protecting the account from excessive losses. How to get Version 2? You can obtain Version 2 at the price of US$28 through Plimus. Click here if you want to proceed. I need that because I want to increase my equity so that I can be a full-time trader. I have thought of selling my EA at a higher price, but it is not practical. It is because there is no way I can protect my EA. Once the file is given out, it will be decompiled and resold under another name. Also, most EA sellers are scammers, and I do not want to be one of them. The only solution I can thought of is to make it something like a shareware. It is free in the beginning, and when people like it and earn money from it, they can give a small donation to encourage the author to create a better version. I believe I can make better EAs in the future. Even my EA is pirated by scammers, it is not a big deal to me. Why US$28? Because this will make it unworthy to decompile the EA. Also, 28 is a lucky number in my country. Thank you for your patience to read up to now. If you have any questions or suggestions about SteadyWinner, please feel free to write to me at steadywinner@gmail.com . I will try my best to answer all your questions. After all, I am just a trader like you. Learning forex is a long way, I hope we can help each other. Happy trading, Ming. Email: steadywinner@gmail.com Disclaimer and Risk Warnings
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