SteadyWinner developer provides free access to the basic version of EA (real or demo), if only we had more services like that !
06.19.12 Test stopped. The demo account expired due to the transition of IBFX merging GotMoneyFX.
07.28.11 SteadyWinner creator suggested FPA to rise the PercentToRisk from 2% to 5%. It now trades in a very conservative style and 5% risk is well within safety margin and suit better for smaller accounts.
07.05.11 Steady Winner updated to v5.0
03.25.11 Steady Winner updated to full version - we want to thank developer for sending us full version as free gift!
03.17.11 Steady Winner installed on EURUSD H1 chart with default settings... Developer recommend 2% risk principle (well described on his site), so as free EA trades 0.02 lot only on micro account, we opened demo account with $500 deposit to risk 2% on the trade...
From site: EA is based on three simple principles:
1. Follow the trend. There are many indicators helping traders to find out the trend. The indicators I use is just some Expotential MAs on different timeframes. 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 or not.
3. Enter the market when there is momentum. The first 2 principles alone will make the EA profitable. The thrid principle can make the drawdown a bit smaller.
4. Exit when there is a good position. There is a fixed take profit and a stoploss for each order. However, there are also an internal takeprofit and an internal stoploss. The EA will try to find a better position to exit when the market situation is not favourable. This help to reduce losses and drawdown.
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.