Stairs Up

The Stairs UP Expert Advisor trades following signals of the following indicators:

• Regression Channel
• Modified Stochastic

The EA looks for overbought/oversold areas in the channel, after exiting the areas it checks the Stochastic levels and additional filters. If signals match, the EA will open a position. The EA can manage and close both a single order and a series of order.

It can use a fixed risk per trade or calculate risk as a percentage of equity.

The EA can open additional deals in the trade direction. The volume of additional deals depends on the EA settings.

You can set a breakeven level.

Settings of internal indicators can also be modified in order to comply with your trading style.

An additional filter based on a selected timeframe can also improve results and reduce risk.

Expert Advisor Settings

• Lot mode - select lot option (Fix Lot or % risk).
• Lots - the lot value (if Fixed Lot is selected in Lot mode).
• Maximum risk in percents - percent of initial lot (if percent of balance is selected in Lot mode).
• Multiplier mode - method of averaging:
• None - not used;
• Arithmetical - Arithmetic increase (increase of each next order by the value of the initial lot);
• Geometric - Geometric increase (multiplication of lot by "Multiplier", 0.01 and above);
• Multiplier - parameter for "Geometric - Multiplier mode". Can be below 1, which means all next positions will be opened with a smaller lot value;
• Max orders - maximum number of open orders.
• Step - step between orders in points.
• Takeprofit - take profit value in points.
• If more than 0, stoploss of total breakeven - Stop Loss parameter.
• If 0 - SL is not used;
• If above zero - Stop Loss in points for each order;
• If greater than zero, and "Use breakeven" is enabled - the value in points of total breakeven.

"============= First order ==============" - parameters of the first order.

• First order without Takeprofit
• First order without Stoploss
• First order breakeven - move the first order to breakeven upon reaching Take Profit.
• Averaging without signal - use averaging without waiting for a signal.
• Max drawdown of first order - 0-automated.

"============= Breakeven =============" - Breakeven settings.

• Use breakeven
• Level Profit for breakeven
• Level of breakeven - set Stop Loss at a number of points from the order open price.

"============= Setting indicators =============" - indicator parameters

... and other settings.

The EA is now trading with optimized settings on two accounts:

https://www.mql5.com/en/signals/175018 - on tis account, two different EA configurations are used on EURUSD M5.

https://www.mql5.com/en/signals/178077 - on this account one configuration is used combined with a filter on a higher TF.