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EA Stepper

FREE

Published: 20 December 2019

Current version: 3.0

EA Stepper

Name: EA Stepper
Rating: 3.3333333 (3 reviews)
Author: Joseph B Antonacci

3.33

Experts
Joseph B Antonacci
Version: 3.0
Updated: 2 October 2020

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 daily trend. If trend direction changes and an 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 lowest spreads and commissions possible

Hedging Account Leverage 500:1

VPS is suggested

Minimum Deposit of $1000 suggested(can run with lower)

INPUT PARAMETERS (parameters IN_ALL_CAPITALS are suggested to optimize first):

MaxLotSize: Maximum Lotsize to trade, can be separate from broker's max lot size.

MaxSpread: In points, will not trade if spread is higher than this. Highly suggested to set this to your broker's advertised average spread.

MagicNumber1: Differentiates trades from other EA's across the account. Make sure it is unique!

MagicNumber2: Differentiates trades from other EA's across the account. Make sure it is unique!

StartHour: trading starts on this hour

StopHour: trading stops on this hour

AutoLot: Automatically scale lot size according to account size.

AutoLotMargin: Amount for AutoLot calculation.

InitialLot: Lot size per amount of AutoLotMargin. Example: InitialLot = 0.01, AutoLotMargin 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 lotsize + initiallot*consecutive wins up to variable value. 0 turns scaling off.

MaxOpenTrades: 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 stoploss. Percent of account equity at the time a trade is placed to allow for drawdown before closing trades. Trading will continue on next signal. Mainly used to manage 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.

HardEquityStopLossMode: Use Absolute or Relative drawdown for Hard_Equity_SL%

Profit_Target%: Desired percentage of profit before action. Can turn off or restart.

RestartOnTarget: If True, EA will continue trading but will increase the minimum account equity level in Absolute Mode by Profit_Target%

SLTimeframe: ATR Time Frame to set Stop Loss level.

MinTpPoints: Minimum points for take profit, will be default if TP_TIMEFRAME points is 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.

TSPoints: Points after which to engage BE Trail Stop on recovery trades. 0 = disabled

RecoveryDirection: 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.

LotScale: Multiplier of InitialLot when recovery mechanism engages.

TREND_TIMEFRAME: Sets Timeframe for main trend indicator.

ATR_CALCULATION: Which calculation to use for setting ATR entry 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 RSI filter for entry

DEMARKER_MA_PERIOD: Period for RSI filter.

DeMarkerTimeFrame: Time frame for Demarker indicator

DeMarkerPeriod: 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 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!

more...

442

Andre Germe 2021.11.01 01:12 #

just starting and very good entries. could you precise how he proceed about take profit and trailing please ?

6769

Miguel Jimenez Cordero 2021.03.21 10:27 #

Good job.

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WINTER SALE — LIMITED TIME! Get WallStreet Recovery PRO with a huge –60% discount AND receive News Scope EA PRO as a FREE BONUS ! Special Winter Sale Price: $177 (Regular Price: $447 — You Save $270!) FREE BONUS: News Scope EA PRO A powerful multi-symbol strategy packed with advanced features, supporting 5 trading pairs — real value: $397! After completing your purchase, simply contact me and I will send you your BONUS EA immediately. Don’t miss this once-a-year opportunity! WallStreet Reco

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Bazooka EA – Trend & Momentum Expert Advisor for MT4 MT5: https://www.mql5.com/en/market/product/163078 Default settings are configured to backtest EA on GOLD M5 timeframe with Open Price method from 2024 year till today. Correct settings for other timeframes you will find in comments section. Bazooka EA is a fully automated Expert Advisor for MetaTrader 4 , designed to trade directional market moves using trend confirmation and momentum filtering . The EA focuses on controlled entries and disc

100 USD

Goldex AI: Today's success will be tomorrow's fruits SUPER DISCOUNT FOR LIMITED TIME! LAST 2 COPIES FOR 299 USD BEFORE PRICE WILL INCREASE. Real IC Markets signal: Goldex AI High risk Manual and set files: Contact me after purchase to receive the manual and set files. Price: The starting price is $899 and will increase by $199 after every ten sales. Available copies: 2 Goldex AI - Advanced trading robot with neural networks, trend, and price action. Goldex AI is a high-performance trading robot

299.99 USD

Top Hat is a fully automated expert advisor for the mt4 platform. It can be used as a scalper or to follow trend, for short term high risk/high reward trading, or for lower risk/longer term trading. Top Hat is equipped with a builtin, adaptive, dual volatility filter, a daily trend filter, and an rsi filter. It also allows custom time frames for all entry filters, and for tp/sl levels, use on ANY CHART TimeFrame!. This allows the ea to adapt its own parameters better to current market conditions

FREE

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AscendCapital 2024.02.19 21:10 #

User didn't leave any comment to the rating

X.Trader 2021.11.28 07:56 #

i've ran it on a demo account the whole day. no errors but not working.

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Reply from developer Joseph B Antonacci 2021.11.29 00:07 #

Hi X.Trader, I am sorry that you have had a negative experience with the EA , but want to thank you for your feedback. The EA's settings can have a large impact on how often it trades, it is likely that there was no signal that day, or Trend had not changed since starting it. When first started, the EA will not trade until a PSAR reversal occurs on the timeframe specified in the TREND_TIMEFRAME variable. Also, lower timeframe values will generally increase trade frequency, 15 minute, 5 minute, 1 minute... If you would like, please PM me and I will be happy to walk you through the settings and show you how to increase trade frequency.

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Andre Germe 2021.11.01 01:12 #

just starting and very good entries. could you precise how he proceed about take profit and trailing please ?

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Reply from developer Joseph B Antonacci 2021.11.01 05:27 #

Hi Andre, Thank you for your review. The take profit price for "regular" trades, trades with magic number of MagicNumber1, is determined by the TP_TIMEFRAME parameter and the 14 period ATR for this timeframe. For example, if TP_TIMEFRAME = 5 minutes then the take profit price will be the entry price +/- the value of the 14 period ATR on the 5 minute chart. The "recovery" take profit, for trades with MagicNumber2, is set as the 4 hour 14 period ATR value +/- entry price. The trailing stop is set by the TSPoints parameter, however it appears that the feature has a bug and is not working properly. I will investigate this further and post an update fixing the issue if necessary, and will also include a detailed description of the feature's operation at that time. Thank you for bringing this to my attention. Have I answered your questions satisfactorily?

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Miguel Jimenez Cordero 2021.03.21 10:27 #

Good job.

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Reply from developer Joseph B Antonacci 2021.03.22 17:14 #

Thank you, I appreciate the feedback :)