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Steady Income Expert Advisor

Steady Income Expert Advisor is safe and fully automated Expert Advisor that uses a trading algorithm based on breakouts of key levels. Under certain conditions, the adviser places pending orders, as well as a fixed stop loss and take profit. In its work, the EA uses Bill Williams' fractals, as well as a moving average, which the EA uses as a trend filter. The Expert Advisor uses two types of levels, parameters for each type of level can be selected separately. The Expert Advisor is focused on trading on large timeframes (H4, D1), so the number of transactions is small, and so is the commission.




The Expert Advisor is mainly suitable for trading GBPUSD and XAUUSD. Below is a screenshot of the backtest on these instruments on H4. On them you can also see the most optimal parameters for each instrument.



Benefits:

  • Fixed stop loss and take profit
  • Impressing backtest results with 90% modelling quality 
  • High risk / reward ratio
  • Not martingale, not grid, not arbitrage.
  • Easy to use
  • Stability in any market conditions


Parameters:


filter
 - enable / disable a special filter (it can help when optimizing the EA for small time frames, but not so effective when working with medium and large time frames) 

TakeProft1 - Take profit size for 1 type of level

StopLoss1 - Stop loss size for the 1st type of level

TakeProft2 - Take profit size for level 2 type

StopLoss2 - Stop loss size for the 2nd type of level

Level1_buy - enable / disable purchases for 1 type of level

Level1_sell - enable / disable selling for 1 type of level

Level2_buy - enable / disable purchases for the 2nd type of level

Level2_sell - enable / disable selling for the 2nd type of level

tofract - distance from the level to the pending order (to prevent frequent false breakouts)

MA_Period - period of the moving average used as a trend filter

MA_Method - moving average type

MA_Price - type of moving average calculation

Tral_bars - how many bars the trailing stop is located for

lots - lot

ID - the unique identifier of the advisor


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