SteadyPips EA
SteadyPips EA is a trend-following Expert Advisor designed for consistent, low-risk trading on MetaTrader 4. It uses multi-timeframe analysis to identify strong trends and enters positions with dynamic stop-loss and take-profit levels.
How It Works
SteadyPips analyzes three timeframes simultaneously:
- Daily (D1) — Determines the overall trend direction
- 4-Hour (H4) — Confirms trend momentum
- 1-Hour (H1) — Finds optimal entry points
When all three timeframes align, the EA opens a position in the trend direction with:
- Dynamic stop-loss based on ATR (Average True Range)
- Dynamic take-profit at 1.5x to 2x the risk
- Position sizing calculated to risk no more than 2% of account equity
Key Features
| Feature | Details |
|---|---|
| Strategy | Multi-timeframe trend following |
| Timeframe | H1 (with H4/D1 confirmation) |
| Pairs | EURUSD, GBPUSD, USDJPY, AUDUSD |
| Risk per trade | 1-2% (configurable) |
| Stop-loss | ATR-based dynamic SL |
| Take-profit | 1.5x-2x risk/reward ratio |
| Platform | MetaTrader 4 |
| Price | Free |
Best For
- Traders who prefer low-frequency, high-quality setups
- Accounts with $500+ balance
- Running on a VPS for 24/5 operation
- Major currency pairs in trending conditions
Recommended Settings
- Default risk: 1% per trade (conservative)
- Pairs: EURUSD, GBPUSD (best performance)
- Timeframe: H1 chart
- VPS: Recommended for uninterrupted operation
Getting Started
- Open a free XM account if you don’t have one
- Download SteadyPips EA from our download page
- Register your account to activate the EA
- Install following our step-by-step guide
- Configure using our SteadyPips setup guide
Frequently Asked Questions
Is SteadyPips EA really free? Yes, 100% free. We earn a commission from XM when you open an account through our link. The EA itself costs nothing.
What’s the minimum deposit? XM allows accounts with as little as $5, but we recommend $500+ for optimal EA performance with proper risk management.
Can I use it with other brokers? The EA is designed and tested for XM. Account verification is required through our registration system.
Does it work on MT5? Currently MT4 only. MT5 support is planned for a future release.
Related Resources
- Technical Analysis Basics — Understand the charts SteadyPips EA uses
- Moving Average Strategies — The foundation of trend-following
- How to Backtest a Forex EA — Validate settings before live trading
- Forex Risk Management Guide — Protect your capital
- VPS for Forex Trading — Run your EA 24/7 without interruption
Trading forex carries significant risk. Past performance is not indicative of future results. Please read our risk disclosure before trading.