Q: Which pairs does SteadyWinner trade? (Updated)
A: SteadyWinner was designed and fine tuned for EURUSD so it naturally works best on this pair.
We also see positive results on GBPUSD an GBPJPY in our 5-year tick data backtest but the Profit Factors were just around 1.2, well below our passing mark (1.5). That means running SteadyWinner on such pairs could profit but very risky.
If you want to use SteadyWinner on other pairs, we STRONGLY advise you to run a demo for at least 2-3 months before committing money for that.
Q: How much starting capital is needed for running SteadyWinner? (Updated)
A: Assume:
1. You have a standard micro account
(minimum lot size=0.01 and 1 Lot=100,000 currency units)
2. You use the default 2% risk setting
3. You did not modify the EA code
then the minimum starting capital is US$500. That only indicate a "just enough" amount for SteadyWinner to place ONE order using the Trade Lot Size calculated from your risk setting. We strongly advise you put in more capital (15%-20%) so your account can survive more critical market conditions.
(For more details, please download the demo version and read the user manual - SteadyWinner Full Version and Small Account Version share the same user manual)
Q: What are the broker requirements for running SteadyWinner?
A: Basically, no special requirement. SteadyWinner can work on most broker's trading terms / conditions. The money management can
* Auto adjust to 4/5 digit pricing
* Work with symbol prefix and suffix (such as EURUSDFXF)
* Uses 2-step order open process compatible with ECN brokers
* Include commissions in profit calculations for order closing decisions
* Open 1 order a time, no hedging used, works well with NFA brokers
* Auto adjust to different minimum lot and lot step such as:
- starting min. lot 0.1 and lot step increment of 0.01
- starting min. lot 0.05 and lot step increment of 0.05
* Auto adjust to different lot size setting like those Nano Accounts
(1 Lot=10,000 Currency Unit instead of 100,000)
* Auto adjust to account opened in currency other than US$
works on GBP, EUR, CHF, AUD and JPY accounts
Note: In Jan 2015, the sudden removal of the exchange rate cap on Swiss Franc against Euro by Swiss National Bank had resulted in violent market movement. Brokers unprepared for such risk suffered heavy losses. Some of them just could not recover and went bankrupt. We advise customers use only regulated brokers in countries with matured legal and regulatory systems. In case a regulated broker went bankrupt, the regulators would take over and you would be more likely able to claim (part of) your money back.
Q: What is SteadyWinner Small Account Version?
A: SteadyWinner Small Account Version is indeed the free demo version for customer testing before buying full version. Here are its features:
- It uses the same Full Version trading logic,
the 2 versions open and close orders together
- It can be used on demo and real accounts
- It has no limitation on number of computers and accounts
- It never expires
Q: What are the differences between Small Account Version and Full Version?
A: SteadyWinner small account version use only double (2X) of your account's minimum lot as Trade Lot Size while SteadyWinner full version use 2% (adjustable) of your account equity and the stop loss size to calculate the Trade Lot Size and it grows as your equity grows. Both versions use your account's minimum lot as Test Lot Size (this is again adjustable on full version).
(For an explanation of Trade Lot Size and Test Lot Size, please refer to Q1 in FAQ - Application Section)
A: Basically, no special requirement. SteadyWinner can work on most broker's trading terms / conditions. The money management can
* Auto adjust to 4/5 digit pricing
* Work with symbol prefix and suffix (such as EURUSDFXF)
* Uses 2-step order open process compatible with ECN brokers
* Include commissions in profit calculations for order closing decisions
* Open 1 order a time, no hedging used, works well with NFA brokers
* Auto adjust to different minimum lot and lot step such as:
- starting min. lot 0.1 and lot step increment of 0.01
- starting min. lot 0.05 and lot step increment of 0.05
* Auto adjust to different lot size setting like those Nano Accounts
(1 Lot=10,000 Currency Unit instead of 100,000)
* Auto adjust to account opened in currency other than US$
works on GBP, EUR, CHF, AUD and JPY accounts
Note: In Jan 2015, the sudden removal of the exchange rate cap on Swiss Franc against Euro by Swiss National Bank had resulted in violent market movement. Brokers unprepared for such risk suffered heavy losses. Some of them just could not recover and went bankrupt. We advise customers use only regulated brokers in countries with matured legal and regulatory systems. In case a regulated broker went bankrupt, the regulators would take over and you would be more likely able to claim (part of) your money back.
Q: What is SteadyWinner Small Account Version?
A: SteadyWinner Small Account Version is indeed the free demo version for customer testing before buying full version. Here are its features:
- It uses the same Full Version trading logic,
the 2 versions open and close orders together
- It can be used on demo and real accounts
- It has no limitation on number of computers and accounts
- It never expires
Q: What are the differences between Small Account Version and Full Version?
A: SteadyWinner small account version use only double (2X) of your account's minimum lot as Trade Lot Size while SteadyWinner full version use 2% (adjustable) of your account equity and the stop loss size to calculate the Trade Lot Size and it grows as your equity grows. Both versions use your account's minimum lot as Test Lot Size (this is again adjustable on full version).
(For an explanation of Trade Lot Size and Test Lot Size, please refer to Q1 in FAQ - Application Section)
Q: Where can I get SteadyWinner Small Account Version?
A: Please visit http://www.steadywinner.com and click the Download Demo Version link on the navigation bar. Then follow the instruction on screen.
Q: Can I just use SteadyWinner Small Account Version without buying full version?
A: Yes you can. Indeed, if your account balance is below US$750, you should continue to use SteadyWinner Small Version as the lot scaling function of the Full Version does not work on small size account. When you are happy with the small version and gained some money, please support us by buying the full version.
Q: Can I get free upgrade after I buy SteadyWinner Full Version?
A: Sure, all paid customers of SteadyWinner are entitled to free upgrades for its newer versions. However, may I remind you, SteadyWinner is now in its sixth generation and there won't be too many things left for updating. Anyway, we promise we shall provide discounts for all customers who bought our old products should we later introduce new product lines.
Q: Can I get refund if after I buy SteadyWinner Full Version, I don't like it?
A: Yes, we never turn down customer's request refunding and you have up a 60-day refund window. However, we hope you can test the EA for at least for 3-5 weeks instead of applying refund soon after buying and downloading, that would be fair for both parties. You might also find it easier to download the free SteadyWinner Small Account Version, test as long as you like and make sure you love its trading style before consider buying the Full Version?
Q: I heard I can get MQ4 source code if I buy SteadyWinner Full Version, is it real? (Updated)
A: First, the EA will run with or without its source code. The source code is only useful if you know how to program EA so you can view (and maybe change) the trading logic. We believe it is not a good idea buying an EA just for its source code. Also, selling an EA with its source code is uncommon in the industry and we don't want pressure from our peers.
We are still providing source code currently but, as we have noticed some suspicious quick refund requests recently, we are thinking of stopping inclusion of source code (this question will disappear when we do so).
A: Please visit http://www.steadywinner.com and click the Download Demo Version link on the navigation bar. Then follow the instruction on screen.
Q: Can I just use SteadyWinner Small Account Version without buying full version?
A: Yes you can. Indeed, if your account balance is below US$750, you should continue to use SteadyWinner Small Version as the lot scaling function of the Full Version does not work on small size account. When you are happy with the small version and gained some money, please support us by buying the full version.
Q: Can I get free upgrade after I buy SteadyWinner Full Version?
A: Sure, all paid customers of SteadyWinner are entitled to free upgrades for its newer versions. However, may I remind you, SteadyWinner is now in its sixth generation and there won't be too many things left for updating. Anyway, we promise we shall provide discounts for all customers who bought our old products should we later introduce new product lines.
Q: Can I get refund if after I buy SteadyWinner Full Version, I don't like it?
A: Yes, we never turn down customer's request refunding and you have up a 60-day refund window. However, we hope you can test the EA for at least for 3-5 weeks instead of applying refund soon after buying and downloading, that would be fair for both parties. You might also find it easier to download the free SteadyWinner Small Account Version, test as long as you like and make sure you love its trading style before consider buying the Full Version?
Q: I heard I can get MQ4 source code if I buy SteadyWinner Full Version, is it real? (Updated)
A: First, the EA will run with or without its source code. The source code is only useful if you know how to program EA so you can view (and maybe change) the trading logic. We believe it is not a good idea buying an EA just for its source code. Also, selling an EA with its source code is uncommon in the industry and we don't want pressure from our peers.
We are still providing source code currently but, as we have noticed some suspicious quick refund requests recently, we are thinking of stopping inclusion of source code (this question will disappear when we do so).
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