Step Ahead Forex Software is a unique tool designed for Forex traders, offering a robust range of features to enhance the efficiency and performance of breakout trading strategies. This expert advisor tool is versatile, catering to all levels of traders from beginners to professionals.
Breaking Down the Step Ahead Forex Strategy
This Forex software operates on a simple yet effective strategy of trading breakouts within a specified time range. The user sets the start time and end time, and the expert advisor sets the breakout trades at the rangeโs end. By employing breakeven and trailing stops mechanisms, it manages the trades. Trades will be closed if either Stop Loss (SL) or Take Profit (TP) hits. Thereโs also a provision to configure the software to close all open trades and orders at a specific time, enhancing the risk management aspect. Unlike risky strategies, it doesnโt employ martingale, grid, or averaging.
Key Features of Step Ahead Forex Software
One of the standout features of this software is the ability to enable daily drawdown check when running multiple instances of Step Ahead Forex. This ensures that different instances for various symbols can communicate and halt trading if a maximum drawdown is reached, making it ideal for prop firm accounts. Some other notable features include:
Range Settings: This allows the user to set the ranges start, end, and closing time. It also provides the option to take a buffer from the extremum using the current spread or a fixed value.
Order Closure: The user can specify the expiry time and the possibility of deleting a pending order if the opposite order is triggered.
Order Size: Users can choose either a fixed lot size or a percentage to risk from their account balance.
Take Profit: This can be fixed in points or as a percentage of the range, with an additional option to activate a partial take profit to scale up at a specified time.
Stop Loss: This can be fixed in points or as a percentage of the range.
Break Even: This is configurable and can be set in points or as a percentage of the range, with a buffer available to cover the commission.
Trailing Stop: This is also configurable and can be set in points or as a percentage of the range.
Volatility Filter: This feature helps to prevent taking any trades based on ATR daily value.
Trend Filter: This allows users to force trading direction, trade with the previous dayโs momentum, or use a multi-timeframe moving average for the direction.
Day Trading Filter: This unique feature allows users to limit trading to specific days during the week.
Daily Draw Down Control: This allows users to activate the drawdown monitoring on one or multiple instances of Step Ahead Forex.
Trading with Step Ahead Forex Software
Step Ahead Forex Software can be run on a small account of $500 with a risk of 1% to 2% per trade. It can also work on a $100 account, but with a minimum standard volume of 0.01, the risk is higher. It can be used to trade any range breakout strategy. The softwareโs default settings are optimized to trade USDJPY on the Asian Range breakout.
FAQs
Who can use Step Ahead Forex?
This software is designed for all levels of traders โ beginners, intermediate, and experts.
What strategies can be used with Step Ahead Forex?
The software can be used to trade any range breakout strategy, including USDJPY breakout from Asian Range, EURUSD London Session opening breakout, and US100 New York session opening breakout.
How can I get optimized set files for the software?
Upon purchasing the software, reach out to the vendor to get optimized set files.
Independent testing of this product can be viewed on forexroboteasy.com, alongside updates on the results of testing this product. Share your experiences with us and let us know how this product has worked for you. Remember, this is an independent product review, and your feedback matters.
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