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Steady Winner Demo Account Stopped test

by SteadyWinner.com
• Site closed
+0.18% WEEKLY · 65.5 weeks
Average Pips per Week:
+4 (Gross Pips: +253)
Average P/L per Week:
+0.18% (Gross P/L: +12.80%)
Maximum Equity used:
4.88% (Nov 16, 2011, 2:06:00 AM)
Test started:
Mar 17, 2011
Test Stopped:
Jun 18, 2012 (Tested 65.5 weeks)
Metatrader Expert Advisor

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.