Forex Stepping Expert Advisor

Forex Stepping Expert Advisor review:

Forex Stepping Expert Advisor works in fully automatic mode! No settings are needed, you can use the default settings. The expert works like a scalpel with sharp price movements.
The bot was tested on real tick data with a real spread over a 15-year period from 2004 to 2019 (just so much tick history is available on the servers of Swiss brokers). He also passed the Monte Carlo stability test using 5000 simulation cycles of random generation of transactions, as well as a test simulating delay and slippage. The bot was developed, tested and optimized strictly following the reverse sampling development methodology based on the intra-sampling phase (from 2015 to 2019) and the non-sampling phase (from 2004 to 2014).
Features:
  • Built-in mathematical algorithm for averaging pips (PIPS AVERAGING ALGORITHM).
  • Built-in scalping technique Fast-In-Fast-Out (inside the candle).
  • Built-in self-adjusting artificial intelligence processing module (the neural network is built into the EA and trained for GBPUSD).
  • Trades at the same time as buy and sell. That is, it has two independent analysis systems.
Setting recommendations:
  • Advisor settings: use the default settings for.
  • Symbol: GBPUSD.
  • Timeframe: H1.
  • Brokers: any brokers, spread + commission up to 20 pips, leverage 1: 100.
  • Minimum deposit: $ 500 nominal $ 10,000, the more the nominal, the more the drawdown will be declared.
  • Deposit protection: If you choose a certain risk pattern, you need to set a drawdown limit of 50% more. For example, your risk is StandardRisk, which corresponds to a maximum drawdown of 8.67% (see screenshot), respectively, you need to set the parameter TotalEquityRisk = 13%.
  • The expert works on signals of a neural network based on indicators and uses series closures by averaging the overall position.
List of indicators:
  • iEnvelopes.
  • iADX.
  • iBands
  • iMA.
  • iRSI
  • iAD.
  • iAlligator.
  • iBearsPower.
  • iFractals.
  • iMomentum.
Benefits:
  • grid of maximum 7 orders.
  • fixed some bugs in the code.
  • other, more optimal indicators are selected.
  • the risk management system has been simplified and three additional risk levels have been created.
  • a deposit protection system has been created, if there is not enough deposit to open the maximum number of orders in the grid, then the entrance will not be made.
The options for money management are as follows:
  •  StandardRisk
  •  MediumRisk
  •  HighRisk
  •  CriticalRisk.
  •  MegaRisk.
  •  KillerRisk.
  •  SuicideRisk.
  •  ExperimentalRisk.

Test results:

Forex Stepping Expert Advisor

Parameters:

  • LotDecimal: lot accuracy (rounding to how many digits).
  • MaxTrades: limit orders.
  • StartVolume: initial lot size.
  • OnRisk: used to enable automatic lot determination depending on the deposit.
  • LimitBalanceForRisk: limiting the maximum balance.
  • PercentRisk: percentage of risk, relative to which starting deposit to calculate risk.
  • Risk: Money Management Options.
  • ScalpingOn: allows the adviser to scalp.
  • Stop Loss: spot loss (in points).
  • Take Profit: Take Profit (in points).
  • Take Profit Virt: virtual take profit (in points).
  • Take Profit Scalping Virt: virtual take profit for scalping (in points).
  • Trail Start: trailing start (in points).
  • Trail Stop: trailing stop (in points).
  • Grid Step: minimum grid step (in points).
  • Min Stops Level: compulsory minimum distance for stops.
  • Max Spread: the maximum spread at which you can open an order.
  • TotalEquityRisk: critical drawdown.
  • TotalEquityProfit: profit for closing all trades.
  • TotalCloseMonth: closing at the end of the month a small minus.
  • WorkTF: timeframe on which the bot works.
  • SuperDir: work direction -1 – sell, 1 – buy, 2 – sell and buy.
  • Magic: magic number for all transactions.
  • CommentOrder: comment for orders.
  • Slippage: slippage (in points).
  • tPause: pause between iterations when working with the server.
  • tryOrder: number of retries of server requests.

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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