The Steady Scalper Robot is one of the most enduring and reliable Expert Advisors (EAs) in the Forex market. Known for its stability and resilience, this EA has consistently delivered performance with minimal drawdowns, demonstrating its robustness and adaptability over time.
Key Features and Customizability
Multi-Strategy Design
The Steady Scalper Robot employs multiple trading strategies, giving traders flexibility and control over how it operates. Its settings are highly customizable, allowing users to adapt it to their trading style and prevailing market conditions.
Regular Updates
The developer frequently provides updated preset files to ensure the EA stays effective in response to evolving market trends, keeping it relevant for long-term use.
Two Preset Modes for Different Trading Styles
The EA includes two distinct preset files tailored for different risk appetites:
1. Conservative Mode (No Grid or Martingale)
- Risk Management: These settings avoid high-risk strategies like grid and martingale, instead relying on precise scalping during low-volatility market periods.
- Stop Loss Protection: Each trade is secured with a stop-loss level, ensuring effective risk management.
- Ideal for: Traders who prefer a cautious approach with reduced risk exposure.
- Performance Basis: Built on extensive analysis and real account testing.
2. Aggressive Mode (Includes Grid and Martingale)
- Risk and Reward: This mode incorporates grid and martingale strategies, replacing stop-loss levels with averaging techniques.
- High Success Rate: Over 95% of initial trades close profitably without requiring position averaging.
- Potential Returns: While riskier, this approach offers higher profit potential.
- Ideal for: Traders with a higher risk tolerance seeking greater returns.
Recommendations for Using Steady Scalper
Account Balance:
- The required minimum balance depends on the chosen preset file (details included with the preset).
Currency Pairs:
- Works well on all pairs specified in the provided presets.
Timeframes:
- The EA functions effectively across all timeframes. Necessary data is automatically sourced from multiple timeframes.
- Backtesting Recommendation: Use the M1 timeframe for backtesting.