Steady Ranger EA

Backtest with set files from comments section (Last comment) with method open price only.

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This EA contains Few stop out levels built in what makes it much safer than any other method! Never pay attention to the Stereotips. Any method can be risky if you use them without a Sense.

Steady Ranger EA is an advanced automated channel trading system with potential to find out hundreds of profitable set files according to the back tests. This EA is not for them who search for the fastest ways to make millions with a few hundred dollars in a few months, it is for them who search for long term working instruments for trading. If you write positive or negative reviews with a few days traded only, please don’t even test this EA, because you will never understand any tool in a few days, weeks or even months on Forex.

Steady Ranger EA was under development for the last 2 years, it is based on advanced study of each pair behavior. It contains two types of stop out levels: 1) stop loss in pips on each trade 2) stop out level in money on trade series “sum of loss” (In case of reaching “sum of loss” number, all trades are closed at the same time). Safety is first!

EA follows the channel, enters trades on the entry signals (extreme edge of the channel) and exits them on exit signal (exit signal sometimes can be entry signal for the next position but not always). Until the exit signal is reached it can close trades with stop loss in pips (if it is reached), or with sum of loss option (if it is reached).  EA opens a lot of trades.

I know traders mostly don't like closing trades in minus but if trades go in minus, waiting and praying is not the solution, god will not turn the trend to your direction!

EA uses a Lot redistribution system. (If you think that it is risky, any money management type can be risky if you use them without sense). EA uses start lot and max lot options, in case of reaching “max lot” number,  it will enter with the starter lot next if more entry signals appear. It is a fixed cycle to keep the account safe. Safety is first!

EA has multi timeframe filters built in to avoid falling in sharp one side market movement situations, it does not enter new trades in such conditions. If such situations happen instantly, it goes out with stop loss, or sum of loss options.

Back tests are done with usage of both stop out types same time (in pips and in “sum of loss” options)

EA is built with strict control of bar opening, so back tests are done with method “open prices only”, all tick method testing will be slow, so use “open price only” method when testing.

Recommended brokers: IC markets (raw spread account); AAAFX; and any low spread broker.

Recommended leverage: 1:100 and higher

Recommended minimum account size: 2 000 $ to use ea with minimal entry lots and stay safe.

Recommended pairs: EUR/CHF (M5) for default settings; set fails for AUD/NZD (M5), AUD/CAD (M5) CHF/JPY (M5) and EUR/CHF (M30) you can download from Comments section . These pairs are well tested at the moment and show best results as you can see on screenshots, you can download EA and test them with current set files as well or to find out other pair set files maybe. Backtests are done with 6 pips spread (for M5 sets) because AAAFX and IC markets suggest such spreads on these pairs. EUR/CHF M30 set file you can test with current size spread with any broker. THis EA passes Forward testing and thats most important because most EA's does not pass it.

Default settings are chosen for 25 000 account size, according to this you should proportionally to your account size change the next parameters: Trading lot; Max Lot Size and Sum of Loss parameters only. All of them proportionally! thats important.

Check the screenshots and good luck in trading. Contact me any time in case of questions! This EA will be improved further and new versions uploaded.