The Steady Profit EA is a Forex expert advisor (EA) designed for sustained profitability by balancing returns with risk management. It differentiates itself by using a mix of eight indicators and filters, enabling it to operate across all 28 major currency pairs simultaneously. Unlike aggressive scalpers that pursue quick wins, the Steady Profit EA adopts a calculated, long-term trading strategy.
Key Features of the Steady Profit EA
- Comprehensive Indicator Suite: The Steady Profit EA incorporates eight different indicators and filters to guide its trades. This multi-layered approach enables it to identify profitable trades while reducing the likelihood of losses.
- Broad Currency Pair Coverage: With the ability to trade on all 28 major currency pairs, the EA diversifies its exposure, minimizing dependency on any single currency. This broader market reach helps spread risk across various assets.
- Long-Term Trading Strategy: Built with a long-term focus, the Steady Profit EA avoids high-frequency trading. It might remain inactive for extended periods, sometimes over a week, while waiting for optimal trade setups. This approach ensures that each trade is carefully timed for the best potential outcomes.
- Drawdown Control: A standout feature of the Steady Profit EA is its drawdown management. By holding positions for days or weeks when necessary, it seeks to maximize gains while actively managing and reducing drawdown risks.
- News Filter Integration: To refine its strategy further, the EA includes a news filter that prevents trading during high-impact news events. This feature helps avoid the unpredictable price swings and volatility that news can bring to the market.
Usage Recommendations for the Steady Profit EA
Minimum Account Balance: A starting balance of $200 is recommended to allow the EA to perform effectively.
Single-Chart Setup: The EA requires only one chart setup—ideally on the EURUSD M1 chart. Once set up, it can trade across all specified currency pairs in the input settings. 
Backtesting Limitation: MT4 does not support multi-currency backtesting. Therefore, backtesting the EA on a single currency pair will only show results for that pair, which may not accurately reflect its full performance.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
