I'm posting this thread to illustrate how I use my snowball EA. The snowball EA itself has its thread here: http://www.forexfactory.com/showthread.php?t=226059 where you will find news about new versions and new features and technical issues can be discussed there while I will post screenshots of the actual usage of the EA in this Journal thread here.
I will start with a screenshot of what i have currently running on EURUSD, I started a new cycle in LONG direction on Tuesday, the exact time is marked with a vertical red line. The goal is having price cross the cloud of little green dashes that mark the break-even level. In the upper left corner are some statistics about the current cycle: losses accumulated since start on Tuesday and current floating and total profit. So far I have accumulated 397.30$ losses which might look a bit scary for the average retail trader but you will soon see what snowball can do and I will also post realtime equity curves over time that will put all these numbers into relation.
I decided to run it in long mode because I believe we will break (or have already broken) the trend line on the H4 and will see a few hundred pips long soon.
I will start with a screenshot of what i have currently running on EURUSD, I started a new cycle in LONG direction on Tuesday, the exact time is marked with a vertical red line. The goal is having price cross the cloud of little green dashes that mark the break-even level. In the upper left corner are some statistics about the current cycle: losses accumulated since start on Tuesday and current floating and total profit. So far I have accumulated 397.30$ losses which might look a bit scary for the average retail trader but you will soon see what snowball can do and I will also post realtime equity curves over time that will put all these numbers into relation.
I decided to run it in long mode because I believe we will break (or have already broken) the trend line on the H4 and will see a few hundred pips long soon.