steadywinner

Hi, I am also from Hong Kong.

This forum is great.

This is Ming from steadywinner.com

We have found that Vengeance EA is a clone of SteadyWinner but with many trades.

Actually we are developing a Pro version of SteadyWinner which is similar.

Many people write and ask about the Pro version, and I answer all questions.

The scammer also stole this idea from me. He made SteadyWinner open 9 trades at a time , but could not make it profitable. So, he decided to cheat. He added a day filter to ask the EA not to trade on certain losing days.

 

The coding of Vengeance EA is actually very poor, when the cheating code is removed, the backtest is like this:

http://steadywinner.com/Vengence-modified.gif

 

Please visit http://www.steadywinner.com/signal.html You will see the difference between the genuine SteadyWinner EA and this Vengeance EA.

It is a dishonest copy of SteadyWinner EA.

The coder changed the code to make V5.0 to open many trades.

He also put in some cheating code so that the EA does not trade on certain days.

I have put a trail version on Plimus and on our website http://steadywinner.com

They are the same. Everybody is welcome to download and use them as long as they want.

We do not only rely on backtests. I have been trading V5.0 for months myself.

Just because I am not an organized person that I do not have a separate account for a particualr EA. I am mixing V5.0 with higher versions and my manual trading.

I hope you can test the EA yourself. Demo first, live until you have some confidence.

Ming

Hi jessica

 

You can always write to [email protected] to ask any questions. Our EA works on all brokers, but we recommend www.gomarketsaus.com All our tests are done on their real accounts.

 

Ming

There is a reason why we limit the risk to 3% maximum. It is because SteadyWinner is a trend follower. When the market is ranging, there can be consecutive losses. We will suffer some drawdowns.

 

In V5.0, we will allow the risk level to be changed from 0.1 - 5.0% since the trading logic of V5 is more advanced. Every users will be upgraded free. Please have some patience.

I know very little about 99% backtesting and am still a student.

But I hope this method can become more popular

as pointed out by many that 90% backtesting is not good enough.

 

Jayman007

Could you tell me where to get the app you mentioned? It will be helpful.

Please write to me at [email protected]

Ming

We are doing 99% backtest on V5.0 at the moment. We followed Birt's method described on his website. But there is a problem, SteadyWinner uses 5 timeframes. How to backtest with multiple timeframes? We spend a month or two to solve this problem. We downloaded tick data from Dukascopy and used a fixed spread of 2.

 

The tick file is so large that we could not backtest from 2007-2011 in one file. So our test is done year by year. And we have to do something to re-arrange the data in a way that the tests can be done properly .

 

I believe we live in a time that the technology on backtesting is not mature. Many Metatrader users do not know how to backtest with 99% quality, and it is difficult to get and refine the tick data. We will share this experience in the user's manual of V5.0. We will supply detailed reports and have a discussion on the method we used.

 

Please forgive me that I cannot post the report here. We are still busy writing it. V5.0 is very powerful and there is a lot to be done. We are developing new versions becasue we also see weaknesses in our own products. But we are honest developers and we believe our products really works.

SteadyWinner V4.3N is now released and we have emailed the upgrade pack to all customers. But there were many returned errors. If you bought SteadyWinner V2 - V4.22 on Plimus but have not receive the upgrade pack by now, please email to [email protected] , give us your Plimus receipt number, email address and a new email address in case you changed email. To prevent fraud, we must verify your Plimus receipt number and send verification to old email address before we can send you the upgrade pack. Thank you for choosing SteadyWinner and good trading!

Yes, all users will be upgraded free.

I also noticed that SW is not performing well lately. We are now making V5.0. It has one more set of entry rules. In case the market is not trendy, it will shift to another mode. The Beta version has passed the tick data 99% backtest from 2007 and 2011. It will be available soon.

 

Ming

The design of the EA is to trade the minimum lotsize

[1] when it is the frst trade

[2] when it is losing

[3] when it is after Friday afternoon

[4] when it is after 10 of Dec.

 

This is to hope that the EA can survive the most difficult market conditions.

Hi, everybody

 

I will send upgrades to all clients. There is no need to write to me. I am doing this through the mass email function in my gmail box.

 

Soemtimes I may miss one or two email addresses. Can someone suggest a user-freindly mass mail software so that I can do it more easily?

From backtest, I noticed that the EA usually lose in December. That is why I make it stop trading from 16 Dec. Actually, the chance is rather slim too in the first half of Dec.

But I will let it run on my live account because I am testing it. I want to see what happens.

Thank you for your advice. I have made some changes and hope the situation will not be so bad.

 

[1] SteadyWinner does not have to be a scalper.The backbone of the EA are the EMAs. Once they are there, it is difficult to lose. The rest is just a matter of how to handle the trades. For example, if we change the stoploss to 100 and takeprofit to 200, the EA is still winning. I do not do it just because I don't like drawdowns. In the pro version, there will be no more 0.01 trades. So, I have to rewrite the trading logic an Money Management. There are only two kinds of trades, 0.1 and 0.2. And the stoploss and takeprofit are both 50 pips. there are internal takeprofit and stoploss though.

 

[2] I have tried other services like RentaSignal, but also have difficulty in getting the trades closed. I know that many users of SW have small account. It does not make sense if they are asked to pay a subscription fee. Maybe we try the free service first. If some users want more reliable service, we can have another platform on which the signals are paid.

 

[3] I will opened the signals and let everyone see the records in early January. Users can try the signals on their demo accounts to see what happens first. At least there is no harm.

 

[4] If you have any suggestions, please leave a message here or write to me at [email protected]

 

Happy trading

It is under the name steadywinnerpro. I have tested the signals for a month. I have made some mistakes, and it is alright now. I want to run it some more time. Maybe open it to public next January. December is not a good month to trade. From backtest, the EA always lose in December.

 

I want to try to receive my signal first. I have heard that there is a lag in zulutrade's signals. I want to try it myself.

Hi beppus

It is not like that. 50 pips is the maximum boundary. There is an internal takeprofit and stoploss. the 50 pip stoploss is not often hit. So the ratio is not 1:5, but 1:2.5.

Please read the codes CloseBuy() and CloseSell. They are fire escapes.

 

I am doing forward test of V4.2, download the pictures and you will see.

http://www.sendspace.com/file/xzkdz2

It is too soon to say. SteadyWinner EA is tested many experienced users. Most comments are favourable. The beta version V4.11 has big drawdowns. I am not going to release it. I will release V4.2 which is more consistent.

 

I was misled by Metatrader's backtesting function. The data from the download function, from Metaquotes I suppose, are not reliable. I have just got some more reliable historical data from a friend and am now retesting all versions.

 

Anyone who has reliable historical data or testing method please offer some help. I want to make sure V4.2 is more profitable before releasing it.

Hi everybody. This is Ming, the coder of SteadyWinner. I am also a member of this forum. Thank you for your support.

 

I have noticed some problems in V3 too. But there is no need to do recoding yourself. Please email me for a beta version of V4. We have solved all the small problems reported by users and have rewritten the Money Mangement part in V4 to make it trade more smartly.

 

V4 also has a different trading logic which makes it more profitable in the long run. Although V3 is consistent, it is stubborn. Sometimes it does not open trades for days. V4 is more active and has more trades.

 

I just need some more time to write the user manual, then V4 will be released. Every user will be updated to V4 free.

Here is the English manual

http://www.forexsharing.com/156527

 

Someone just told me there is a mistake in the download link. It is fixed now.

Please read the manual to see the trading logic and othere things.

It is protected by .ex4 protector

free download from hxxp://metatrader-toolkit.com/Software.aspx

I also use SWVPS and have the same bad experience. I still have 6 months subscription,but I want to look for another one and move. The service in SWVPS is not reliable. I could connect for two days and no one helps. Only autoresponder.