Description
Steady Retest EURUSD
Overview
Steady Retest EURUSD is a fully automated trading algorithm developed exclusively for the EURUSD currency pair.
The strategy follows a disciplined, confirmation-based approach, waiting for multiple market conditions to align before executing a trade. Instead of chasing every market movement, the algorithm focuses on selective opportunities and controlled execution.
Designed with stability and risk management in mind, Steady Retest EURUSD is suitable for traders looking for a systematic trading solution with built-in protective features.
Main Features
- Designed exclusively for EURUSD
- Confirmation-based trade execution
- Fully automated trading
- Buy and Sell positions supported
- Configurable trading sessions
- One trade per day option
- Maximum spread filter
- Automatic Friday position close to help reduce exposure to weekend market gaps
- Maximum loss per trade protection
- Portfolio drawdown protection
- Adjustable Risk/Reward ratio
- Configurable position sizing
Risk Management
Risk management is a core component of Steady Retest EURUSD.
The algorithm includes several integrated protections designed to help control trading risk and improve execution discipline, including spread filtering, configurable trading hours, maximum trade loss protection, portfolio drawdown protection and automatic Friday position closing. However, no trading system can eliminate slippage during market execution. Please thoroughly backtest the algorithm before using it on a live account.
These features make the algorithm particularly well suited for traders who prioritize disciplined risk management, including many Prop Firm traders.
Recommended Configuration
Symbol: EURUSD
A low-spread ECN broker is recommended for optimal execution.
Before trading on a live account, users are encouraged to test the algorithm on a demo account and ensure that the selected parameters match their personal risk tolerance. You can try to use optimising tool of Ctrader.
For Prop Firm accounts, always configure the risk settings so that the maximum drawdown remains within your firm's allowed limits.
Disclaimer
Trading foreign exchange involves substantial risk and may result in financial losses.
Past performance does not guarantee future results.
Steady Retest EURUSD is provided as an automated trading tool. The user is solely responsible for selecting appropriate settings, managing risk and ensuring that the algorithm is suitable for their trading objectives and broker conditions.
Recommended Settings:
The following configuration has been optimized for EURUSD M5.
This preset is optimized for SELL trades only. Enable Long Trades only after performing your own testing and optimization.
Recommended Symbol: EURUSD
Recommended Timeframe: M5
Configuration
- Position Size: 0.16 Lots
- Long Trades: Disabled
- Short Trades: Enabled
- Winning Day Multiplier: Enabled (x4.0)
- Maximum Spread: 1.0 Pip
- Pivot Strength: 7
- Minimum Sweep: 0.1 Pip
- Structure Break Distance: 0.7 Pip
- Retest Tolerance: 3.6 Pips
- Risk / Reward Ratio: 3.6
- Stop Buffer: 3.3 Pips
- Minimum Stop Loss: 4.1 Pips
- Maximum Stop Loss: 143.9 Pips
- Trading Hours: 00:00 – 23:00
- Friday Protection: Enabled (20:30 Server Time)
- Maximum Trade Loss: $80
- Maximum Portfolio Drawdown: $250
Important: These settings are provided as a starting point and were optimized under specific market conditions. Performance may vary depending on your broker, spreads, execution quality and account size. Always backtest and optimize the settings before trading on a live account.
Summary
Key features include configurable trading sessions, an option to limit to one trade per day, and a maximum spread filter to ensure execution quality. Risk management is integral, featuring maximum loss per trade limits, portfolio drawdown protection, automatic Friday position closure to reduce weekend gap exposure, and adjustable risk/reward ratios. Position sizing is configurable, supporting fixed lot sizes.
The algorithm is suitable for traders prioritizing disciplined risk control and is compatible with Prop Firm requirements. It is recommended to use with a low-spread ECN broker and to backtest thoroughly before live deployment. The bot’s design aims to maintain stability and controlled execution within defined risk parameters.
