SteadyPips EA Setup Guide
This guide covers the optimal settings for SteadyPips EA based on your account size and risk tolerance.
Quick Start (Default Settings)
The default settings are designed for a $500+ account with moderate risk:
| Parameter | Default Value |
|---|---|
| FastMA_Period | 12 |
| SlowMA_Period | 26 |
| TrendMA_Period | 200 |
| ATR_Period | 14 |
| MinATR_Pips | 10 |
| SL_ATR_Multi | 1.5 |
| TP_ATR_Multi | 2.0 |
| TrailingStop_ATR_Multi | 1.0 |
| RiskPercent | 2.0 |
| MaxTrades | 3 |
| MaxDailyTrades | 5 |
Settings by Account Size
Small Account ($100-$300)
RiskPercent = 1.0
UseFixedLot = true
FixedLotSize = 0.01
MaxTrades = 2
MaxDailyTrades = 3
SL_ATR_Multi = 2.0 (wider stops = fewer stopouts)
TP_ATR_Multi = 2.5
Medium Account ($500-$2,000)
Use default settings. Optionally:
RiskPercent = 2.0
UseFixedLot = false
MaxTrades = 3
Large Account ($5,000+)
RiskPercent = 1.5
MaxTrades = 4
MaxDailyTrades = 8
Recommended Pairs
| Pair | Timeframe | Notes |
|---|---|---|
| EUR/USD | H1 | Best overall performance |
| GBP/USD | H1 | Good trends, slightly wider spreads |
| USD/JPY | H1 | Good during Asian/NY sessions |
| AUD/USD | H1 | Solid trending pair |
Timeframe Selection
- H1 (Recommended): Best balance of signal quality and frequency
- H4: Fewer but higher-quality signals, less screen time needed
- M30: More signals but more noise, higher spread cost impact
Important Notes
- Always test on demo account first
- Allow 2-4 weeks of demo trading before going live
- Enable WebRequest for
api.steadypips.netin MT4 settings - Use a VPS for 24/7 operation
Past performance is not indicative of future results. Trading involves risk. Full disclaimer