Steady Ranger EA

In the realm of Forex trading, safety and risk management are paramount. This review will delve into the specifics of a Forex software called “Steady Ranger EA,” a sophisticated automated channel trading system designed with safety in mind. Steady Ranger EA is not for those seeking to make millions overnight but for those who seek long-term, reliable trading instruments.

Steady Ranger EA: A Two-Year Development Journey

Steady Ranger EA is the result of two years of dedicated development. The software is based on a detailed study of each pair’s behavior, allowing it to identify hundreds of potentially profitable set files, according to backtests. However, users should bear in mind that understanding any tool in Forex, including this EA, requires more than a few days, weeks, or even months.

Built-In Stop Out Levels for Safety

What sets Steady Ranger EA apart is its built-in stop out levels, which prioritize safety in Forex trading. The software uses two types of stop out levels: a stop loss in pips on each trade and a stop out level in money on trade series sum of loss. If the sum of loss number is reached, all trades are closed simultaneously, emphasizing the software’s safety-first approach.

Trading Strategy and Risk Management

The EA follows the channel, entering trades on entry signals, which are at the extreme edge of the channel, and exiting them on an exit signal. Until the exit signal is reached, the software can close trades with a stop loss in pips or with the sum of loss option, should either be reached. This approach ensures that traders don’t rely on hope when trades go into minus, but instead have a clear exit strategy.

Lot Redistribution System and Multi Timeframe Filters

Steady Ranger EA incorporates a lot redistribution system. It uses start lot and max lot options. If the max lot number is reached, it will enter with the starter lot next if more entry signals appear, maintaining a fixed cycle to ensure account safety.

The software also includes multi timeframe filters to avoid entering new trades during sharp one-side market movement situations. If such situations occur suddenly, the software will exit with a stop loss or sum of loss options.

Back Testing Results

It’s also worth mentioning that Steady Ranger EA’s back tests were done using both stop out types at the same time, i.e., in pips and in sum of loss options. This ensures thorough testing and validation of the software’s effectiveness.

Watch, Learn, and Update

Forex enthusiasts can watch independent testing of Steady Ranger EA on the forexroboteasy.com website to get a comprehensive understanding of how the software works. Subscribing to updates on the testing results of this product is also an option.

Frequently Asked Questions

Q: Is Steady Ranger EA suitable for beginners in Forex trading?
A: While Steady Ranger EA is automated, understanding its functionalities and Forex trading in general does require some knowledge and experience.

Q: Can I use Steady Ranger EA for rapid profit-making?
A: Steady Ranger EA is designed for long-term, steady trading. It’s not intended for quick, risky profit-making.

Q: How does Steady Ranger EA manage risk?
A: The software incorporates built-in stop out levels and a lot redistribution system to manage risk effectively.

Don’t hesitate to share your experience of using Steady Ranger EA. Remember, this is an independent product review, offering an unbiased perspective on this Forex trading software. Happy trading!