A: SteadyWinner use 2 type of lot sizes, the Trade Lot Size and Test Lot Size.
The Trade Lot Size is calculated from 2% of capital and the stop loss size and SteadyWinner uses it when its previous trade was a winning trade.
The Test Lot Size is the minimum allowed order lot size of your broker account and SteadyWinner uses it when
1. It is making its very first trade in your account
2, Its previous trade was a losing trade
3. It is trading on Friday late afternoon (inactive trading period)
4. It is trading after 15th December (inactive trading period)
Q: Can I customize the lot sizes of SteadyWinner's orders.
A: Yes, this feature is provided for EA testers and customers who manage multiple accounts and need a set of easily scalable lot sizes.
Use the TradeLotFixed parameter to set a valid fixed lot size instead of using the lot size calculated from the risk%.
Set the TestLotScale parameter to a valid value and SteadyWinner will multiply the Trade Lot Size with it and use the result as Test Lot Size. For example:
- Input 0.2 and Test Lot Size = one firth of Trade Lot Size
- Input 0.5 and Test Lot Size = half of Trade Lot Size
- Input 0 (or unchanged), Test Lot Size = Minimum allowed order lot size
For normal traders, we do not recommend fixed lot trading. SteadyWinner is designed to risk just 2% of your free margin and it uses your that balance and stop loss pip size to calculate the correct trade size. However, if your capital size is so large that the difference between Trade Lot Size and Test Lot Size become too extreme, you can input 0.5 in TestLotScale parameter so you can get similar result as the Small Version.
Q: SteadyWinner did not open orders after I install it, why?
A: SteadyWinner needs 100 H1 bars to start calculating indicator values so if you install it on a brand new MT4 account, the first 4 days will be used to collect data. This means most customers will see no trade during the first week of installation. It will then start trading when market condition fit.
Q: SteadyWinner's number of orders are very low, why?
A: SteadyWinner is designed for steady trading profit, not high trading frequency. Sometimes, it open several orders a day but sometimes, only one order in 2 weeks. You are likely to see some orders in a week.
Q: Can I turn off my PC running SteadyWinner. Will it use past data to trade when I restart the PC?
If you turn off your PC, SteadyWinner (and indeed all EA) cannot trade. When you turn on your PC again, MetaTrader 4 will try to fill the data gap since you turn off your PC (if your down time is short enough, say within 1 week). However, SteadyWinner will only use current tick data to make trading decision.
If you cannot leave your PC on or it is shared by other family members in your house, you should rent a Virtual Private Server (VPS) and run SteadyWinner there. Since most home networks are slow, running SteadyWinner on a VPS will (usually) result in quicker respond time and better execution prices for your orders.
Q: SteadyWinner did not open orders when backtesting, why?
A: Although we asked you to put SteadyWinner on EURUSD H1 chart, it will read data for M1, M5, M15, M30 and H1 bars and use them to calculate indicator values. So you can in fact put it on chart for any periodicity and it still trade the same way. To backtest it, you need to download data for all 5 periods. On trading days, new data keep coming in, you won't be able to align all 5 periods' data properly.
We suggest you download all 5 period's data during weekends, then backtest SteadyWinner on an M1 chart. Remember periodicity doesn't matter with this EA, why not chose the most precise period (unless you also use tick data)?
Also most brokers' spreads on weekends are exceptionally high, please input 2.0 in the spread field. Using such value should make the result less appealing. However, we all know there would be delays, slippages and other execution problems during real trading, why not put some stress on the backtest and make the result looks more realistic?
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