Description:
Unlock the potential of the Stairs Strategy!
This innovative approach begins with the placement of two pending orders, which create a corridor defined by your chosen channel parameters. This setup is crucial for gauging the anticipated direction of price movement.
Once a breakthrough occurs, we dive into the management of our trades using the Stairs Strategy.
For every filled order, we’ll also set up two stop orders that align with the channel range defined in the properties.
The Stop Loss levels for these orders will match the breakthrough price.
Exits are executed once the profit meets the target specified in the Profit property, or when the cumulative profit across all trades (from all attached instances of the EA) hits the target set in the CommonProfit property.
Everything will become clearer after the trades are executed and observed during visualization.
The strategy supports arithmetic order increases.
Automatic lot size calculations are available, but I recommend keeping it below 3% of your account balance.
If anyone discovers effective parameters for this strategy, please share your findings! I believe optimal parameters are out there.
While I wouldn't suggest using this strategy with just one currency pair, it's definitely worthwhile to test it out on demo accounts or the MT Strategy Tester.
In my experience, utilizing multiple currency pairs enhances the strategy's efficiency. I've run tests on a demo account to confirm this.
However, pinpointing the ideal parameters can be tricky due to the complexities of multicurrency trading.
Check out my demo account results:
During my testing with five currency pairs, I set the profit channel size to 100, aimed for a profit of 150, and established a common profit target of 300.
The maximum drawdown observed is reflected in the image above.
Starting with an initial balance of 25,000, this strategy can also function effectively with 10,000.
*.mqh -- copy to include
logical.mq4, trade.mq4 should be copied to the libraries
Stairs.mq4 -- your expert advisor.
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