Frequently Asked Questions
Are the Expert Advisors really free?
The EAs cost nothing to download or use. Running one does require a live XM account opened through our link — we earn a commission from XM on that account, which is what lets us give the EAs away. You pay the same spreads and fees as any other XM client.
Which broker do I need?
Our EAs are designed for XM (formerly XM Trading). You need to open a free XM account through our link to use the EAs. This is how we verify the IB relationship and keep the EAs free.
What is the minimum deposit?
XM allows accounts starting from $5. However, we recommend:
- $500+ for SteadyPips EA (trend following)
- $1,000+ for GridMaster EA (grid trading requires more margin)
Can I use both EAs at the same time?
Yes! Many traders run both EAs on different charts. A common setup:
- SteadyPips EA on EURUSD and GBPUSD (trending pairs)
- GridMaster EA on EURGBP and AUDCAD (ranging pairs)
Which EA should I choose?
- SteadyPips EA — Designed for trending markets. Fewer trades, tighter per-trade risk caps, simpler logic to understand. A reasonable starting point for beginners — not a lower-loss guarantee.
- GridMaster EA — Designed for ranging markets. More active trading, higher margin requirements, and materially higher drawdown risk when a strong trend arrives. Better suited to experienced traders.
Neither EA is expected to be profitable in all conditions. Both can lose money.
Do I need a VPS?
A VPS (Virtual Private Server) is highly recommended but not required. Without a VPS, the EA only trades when your computer is on and MT4 is running. With a VPS, it trades 24/5 uninterrupted. Read our VPS guide for details.
How do I install the EA?
- Download the EA file (.ex4)
- Open MT4 and go to File → Open Data Folder
- Navigate to MQL4 → Experts
- Copy the EA file into this folder
- Restart MT4
- Drag the EA onto a chart
For detailed instructions, see our EA installation guide.
Does it work on MT5?
Yes. Every EA ships in both an MT4 (.ex4) and an MT5 (.ex5) build — the same account number verifies for either platform. For GridMaster on MT5, an XM Standard (hedging) account is recommended, because the grid logic needs multiple simultaneous positions per symbol.
What currency pairs are supported?
- SteadyPips EA: EURUSD, GBPUSD, USDJPY, AUDUSD
- GridMaster EA: EURUSD, GBPUSD, USDJPY, EURGBP, AUDCAD
How do I get support?
- Join our Telegram channel for daily signals and community support
- Use the Telegram bot for quick commands and registration
- Email us at contact@steadypips.net
Is my data safe?
We only collect your MT4 account number (for EA activation) and optionally your email. We do not store passwords or trading data. See our Privacy Policy for details.
Can I get a refund?
The EAs are free, so there’s nothing to refund. If you’re unsatisfied, simply stop using the EA. You can also practice on a demo account first.
What if the EA loses money?
All trading involves risk. Our EAs include risk management features, but losses are possible. We strongly recommend:
- Starting with a demo account
- Using conservative risk settings (1% per trade)
- Only trading with money you can afford to lose
- Reading our risk disclosure