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SteadyGone EA

  • #1
  • First Post: Edited Dec 11, 2019 7:17am Sep 24, 2019 12:53pm | Edited Dec 11, 2019 7:17am
Sharing experience with expert advisor reel_SteadyGone v2

Under standard parameters the EA makes 120% in H1 EURUSD since 01/01/2018 till today in MT4. The Max Drawdown was 30%. A bit high, maybe you can fit a .set file Just adjust an apropriate Lot Volume. In the picture below it starts from 01/22/2018 till today and was done with M30 EURUSD.
With smaller balance you of course get a smaller profit. Rule of Thumb with scaling here is that max. profit is with 50.000$ and 8 Lots by 30% DD. The less lots the more would the account survive. You can also use a Martingale feature which wasn't done in the testing. But the feature needs refining.
For smaller timeframes you have to play with the TP and SL in relation to the periods given by the indicators.

As buy and sell signal for the EA are a Keltner Channel (KC) and Money Flow Index (MFI). When the chart touches the lower band of the KC while the MFI is still falling and in the opposite direction, the signal is sent. The trade is open till the RSI Oscillator changes direction or it's friday and trades need to end.

Questions advised

EDIT: More information on SteadyGone_v5 in Post#39 and on SteadyGone_v6 in Post#62
Attached Image
Attached File(s)
File Type: ex4 reel_SteadyGone_v2.ex4   292 KB | 1,672 downloads
File Type: ex4 reel_SteadyGone_v5.ex4   315 KB | 1,476 downloads | Uploaded Oct 2, 2019 3:52am
File Type: ex4 SteadyGone_v6.ex4   309 KB | 1,138 downloads | Uploaded Dec 11, 2019 7:16am
  • #2
  • Sep 24, 2019 1:27pm Sep 24, 2019 1:27pm
Thanks reeler. Will have a look on the tester to get a feeling about the EA.
  • #3
  • Sep 24, 2019 1:43pm Sep 24, 2019 1:43pm
Quoting reeleer
Sharing experience with expert advisor reel_SteadyGone v2 Under standard parameters the EA makes 120% in 1H EURUSD since 01.01.2018 till today in MT4. The Max Drawdown was 30%. A bit high, maybe you can fit a .set file Just adjust an apropriate Lot Volume. In the picture below it starts in the year 2000. With smaller balance you of course get a smaller profit. Rule of Thumb here with scaling here is that max. profit is with 50.000$ and 8 Lots by 30% DD. The less lots the more would the account survive. You can also use a Martingale feature...
Some problem here with bcktest not enough data but i'm using tickstory history data...
Any suggests
  • #4
  • Sep 24, 2019 3:07pm Sep 24, 2019 3:07pm
Thank you for sharing this, reeleer...But, could you please advice me how to set it up on a $3000 demoacc.?
  • #5
  • Edited 5:09pm Sep 24, 2019 3:18pm | Edited 5:09pm
Quoting bazze
Thank you for sharing this, reeleer...But, could you please advice me how to set it up on a $3000 demoacc.?
This depends on how much you want to risk. Under the Rule of Thumb for SteadyGone v2 to take the max profit/fatal DD-Ratio ~ 1 with 3000$ you have to trade with 0,5 Lots. So theoretically divide every number from the strategy properties with 16,66.. And take a far lower number of Lots depending on the risk. With those numbers adjusted to your broker.
  • #6
  • Sep 24, 2019 3:24pm Sep 24, 2019 3:24pm
Quoting cescof
{quote} Some problem here with bcktest not enough data but i'm using tickstory history data... Any suggests
Getting the same thing.
  • #7
  • Sep 24, 2019 3:30pm Sep 24, 2019 3:30pm
Quoting TraderTero
{quote} Getting the same thing.
Works fine for me. Anyone else that problem? -.-
  • #8
  • Sep 24, 2019 4:10pm Sep 24, 2019 4:10pm
Works fine on "MT4 Version 4.00 Build 1220"
  • #9
  • Sep 24, 2019 5:52pm Sep 24, 2019 5:52pm
Hey could you post some settings for me to try this on a demo 1k account
  • #10
  • Sep 24, 2019 6:26pm Sep 24, 2019 6:26pm
Quoting Tradesway
Hey could you post some settings for me to try this on a demo 1k account
Threshold for trades:

50000/Your Account Size=x

8/x=Max Lot Size (Not actually max, but Max enough

In case of 1000$ this would be 0.16 Lots. Lets say thats almost max Lot Size, actually you get 30-40% DD. Now half or quarter that 0.16. I just woudn't overdo it like you can with any EA.
  • #11
  • Sep 24, 2019 8:28pm Sep 24, 2019 8:28pm
Quoting reeleer
{quote} Threshold for trades: 50000/Your Account Size=x 8/x=Max Lot Size (Not actually max, but Max enough In case of 1000$ this would be 0.16 Lots. Lets say thats almost max Lot Size, actually you get 30-40% DD. Now half or quarter that 0.16. I just woudn't overdo it like you can with any EA.
So what do I put in stop loss (point)(is that my stop loss in pips) ?and take profit(point)(is that my take profit in pips)? and break even (point) and ensure minimum stop loss point?
  • #12
  • Sep 24, 2019 8:32pm Sep 24, 2019 8:32pm
And also what time frame do i load this on and does it work with any pair?
  • #13
  • Sep 24, 2019 10:34pm Sep 24, 2019 10:34pm
Tried backtesting with tick data suite and nothing happened
  • #14
  • Sep 25, 2019 2:24am Sep 25, 2019 2:24am
Thanks for sharing this, reeleer. I'm also interest in your Account Statistics picture. It seems a software I don't know.
Could you please tell me what's it?
  • #15
  • Sep 25, 2019 3:00am Sep 25, 2019 3:00am
Let the backtest run over night and it's only half-way through...

This is for a 6 month backtest by the way. - So when nothing happens for you guys, it's probably because the backtesting with this EA takes a long time.
  • #16
  • Sep 25, 2019 3:14am Sep 25, 2019 3:14am
at the beginning of the equity curve, it goes from 85000 to 45000
that's not 30% DD that's around 50%
  • #17
  • Sep 25, 2019 5:05am Sep 25, 2019 5:05am
Where can I download this EA?
  • #18
  • Sep 25, 2019 6:15am Sep 25, 2019 6:15am
Quoting ficibald
Where can I download this EA?
#post 1
  • #19
  • Edited 6:17pm Sep 25, 2019 11:15am | Edited 6:17pm
Quoting Tradesway
{quote} So what do I put in stop loss (point)(is that my stop loss in pips) ?and take profit(point)(is that my take profit in pips)? and break even (point) and ensure minimum stop loss point?
This was written in Post #10. You take only a fraction of 0.16 to ensure that you are not going broke. It wasn't tested for any other pairs yet. The tests were done with M30 and H1. To calculate lower TFs, look it up please


Quoting ionone
at the beginning of the equity curve, it goes from 85000 to 45000 that's not 30% DD that's around 50%
Sorry my bad. It was late in the night and testing took its time. That's why it is better to take 0.05 or 0.03 for 1000$. The more interesting thing is how that EA would perform in a forward test. I'm also starting one, so first results be in a month maybe.


Quoting dlsp22
Thanks for sharing this, reeleer. I'm also interest in your Account Statistics picture. It seems a software I don't know. Could you please tell me what's it?
That is a random Strategy Tester called Forex Strategy Trader.
  • #20
  • Sep 27, 2019 7:22am Sep 27, 2019 7:22am
Quoting reeleer
Sharing experience with expert advisor reel_SteadyGone v2 Under standard parameters the EA makes 120% in H1 EURUSD since 01/01/2018 till today in MT4. The Max Drawdown was 30%. A bit high, maybe you can fit a .set file Just adjust an apropriate Lot Volume. In the picture below it starts from 01/22/2018 till today and was done with M30 EURUSD. With smaller balance you of course get a smaller profit. Rule of Thumb with scaling here is that max. profit is with 50.000$ and 8 Lots by 30% DD. The less lots the more would the account survive. You...
The only problem I have with this EA after testing it on demo since it was released is that when orders are taken and runs into profits, it doesn't take profits. It takes forever before the RSI oscillator changes direction for take profits. So I'm having to set short take profit targets which is not good for my R:R. Maybe putting a a trailing stop will be a good idea
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