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Snowballs and the anti-grid

  • #61
  • Jun 11, 2010 9:42am Jun 11, 2010 9:42am
Oops, my bad , haven't checked your site for some time. Didn't realize that you've done it already. Anyway, thanks for your ea, I think it really improves S/R trading profitability.
  • #62
  • Jun 11, 2010 9:59am Jun 11, 2010 9:59am
Hey 7bit,

It occurred to me that your approach may lend itself to volatility breakouts. In other words, put up your grid during a period of low volatility and then capture the move when volatility increases. By trading volatility breakouts, you could theoretically straddle the market with both pending long orders above and short orders below.

Along these lines, have you thought of setting the grid spacing according to some volatility measure such as ATR?
You are in a maze of twisty little passages, all alike.
  • #63
  • Jun 11, 2010 2:48pm Jun 11, 2010 2:48pm
Quoting stevegee58
Along these lines, have you thought of setting the grid spacing according to some volatility measure such as ATR?
Not yet. I have done some tests with varying grid spacing on the same historical data and it seems the influence is minimal. I did not find a clear optimum only a slight decrease of profit factor (probably due to spread) with smaller grids.
  • #64
  • Edited 3:07pm Jun 11, 2010 2:54pm | Edited 3:07pm
There is a new version:

 

  1. 2010.6.11.1


if you want to compile yourself you also need newest versions of offline_charts.mq4 and common_functions.mq4, i have fixed bugs in both of these files.

Also the previous version of snowball did not contain the code for pause lines (only the other lines), I don't know why I forgot this although I already officially documented the feature already. It is now included.

MT4 timeout problems and occasional freezing during timeframe switch should be solved now, it was caused by the offline chart library.

  • #65
  • Jun 11, 2010 3:19pm Jun 11, 2010 3:19pm
What is your average roi per month, 7bit? After all this time I've found the best strategy is one that involves a very favorable RR.
Annoying Precision
  • #66
  • Jun 11, 2010 3:27pm Jun 11, 2010 3:27pm
Quoting erikte279
What is your average roi per month, 7bit? After all this time I've found the best strategy is one that involves a very favorable RR.
Hi erikte279 !

7bit is sharing a fantastic trade management EA and more importantly a great trading idea with us. The least you could do is read the whole thread.
BTW, if you had done that, you would have realized that your questions are not really appropriate for this EA for 2 reasons :
- it's a trade management EA and takes signal depending on YOUR signal producing EA ;
- The main goal of the EA is to make the concept of RR obsolete.

7bit told us many times his monthly roi and even gave us charts of his equity...
  • #67
  • Jun 11, 2010 3:56pm Jun 11, 2010 3:56pm
I skim read and missed the link to the account statement, oops.
The reason I commented was because I read his post saying after over 2 years he's only increased his account by 30 % (which is really good actually) and threw in the comment of a favorable RR (IE: Risk 2% to gain 10% or more).

Nice work 7bit, you coder dude
Quoting Intensity
Hi erikte279 !

7bit is sharing a fantastic trade management EA and more importantly a great trading idea with us. The least you could do is read the whole thread.
BTW, if you had done that, you would have realized that your questions are not really appropriate for this EA for 2 reasons :
- it's a trade management EA and takes signal depending on YOUR signal producing EA ;
- The main goal of the EA is to make the concept of RR obsolete.

7bit told us many times his monthly roi and even gave us charts of his equity...
Annoying Precision
  • #68
  • Jun 14, 2010 6:42am Jun 14, 2010 6:42am
Hi again, theres something I want to ask about auto-tp level. When it hit, does it suppose to stop the grid add on sequence, or continue as long as price is inside the stop line parameter?

On Friday, I tried the new version with that auto-tp option. Apparently it stopped all grid sequence once it hit auto-tp level, and back into waiting mode, as you can see in the transaction history panel. Just having a thought that even if I want to secure profit early with auto-tp levels for smoother equity curve, I still want the add on grid sequence to go on before it hit my final target (like the cascading arrow levels shown in chart).

But then again, although this option can reduce DD, I believe such thing could reduce overall profitability, especially if the traders is very good at working with orderflows.
Attached Image (click to enlarge)
Click to Enlarge Name: snb3.PNG Size: 128 KB
  • #69
  • Jun 14, 2010 6:56am Jun 14, 2010 6:56am
Quoting newborn
Just having a thought that even if I want to secure profit early with auto-tp levels for smoother equity curve, I still want the add on grid sequence to go on before it hit my final target (like the cascading arrow levels shown in chart).
I have thought about such a thing also. I'm not yet sure whether to implement something like that.

There is one thing you can try: Since it will derive all its information from the currently running trades you can manually define takeprofits for some of the oldest trades and when they hit it will then seamlessly and correctly calculate a new pyramid base, the correct new level and a correct new(total) breakeven for the changed situation it finds after counting its trades.
  • #70
  • Jun 16, 2010 4:39am Jun 16, 2010 4:39am
Hi 7Bit,

http://codebase.mql4.com/6211
This market profile price level maybe is usefule for detecting the levels that anti-grid places.

I have the MT4 version of this indi, through me signal, if you need it.
Regards
  • #71
  • Jun 16, 2010 5:44am Jun 16, 2010 5:44am
Quoting finimej
Hi 7Bit,

http://codebase.mql4.com/6211
This market profile price level maybe is usefule for detecting the levels that anti-grid places.
The levels have to be strictly in fixed intervals, I don't want to apply any indicator magic to find special levels or better entries because this would throw me back to where I was already: trying to find profitable indicators. I have spent 12 months with this search only to learn that there is no such thing. I would only introduce additional randomness and lose the ability to extrapolate break-even and maybe even lose the ability to extrapolate my drawdown.

I designed this system the way it is because I wanted it to be completely ignorant of any such things and I will not change this. It is the very core of this system that defines its behavior and the reason I invented it in the first place.

There are many threads in the systems section of this forum where the original system and the convictions of its creator are completely changed many times during the thread but this will not happen to me and my snowball.
  • #72
  • Jun 17, 2010 6:15am Jun 17, 2010 6:15am
Hi, 7Bit
I’ve been testing your EA and have got to say it’s great just what I’ve been looking for. I have been using this viper grid EA found here (http://www.forexfactory.com/showpost.php?p=3601747) but stopped because of the drawdown. Now I would like to use your EA on multiple pairs but am never confidant of the stop distance as each pair has its own daily range. So I was hoping you could add (ATR Increment/Stop Distance) input just like in the viper. So if I put stop distance (0) then it would use ATR % adjustable let’s say 50 half the daily average range and then I wouldn’t have to work out any levels for each pair and could just put it on any. Do you think you could do this for me?
Thanks 4xTraderz
  • #73
  • Edited 11:33am Jun 17, 2010 11:10am | Edited 11:33am
Quoting 4xTraderz
Hi, 7Bit
I’ve been testing your EA and have got to say it’s great just what I’ve been looking for. I have been using this viper grid EA found here (http://www.forexfactory.com/showpost.php?p=3601747[font=Calibri][size=3]) but stopped because of the drawdown. Now I would like to use your EA on multiple pairs but am never confidant of the stop distance as each...
Problem is: I have no idea what percentage of dayly ATR would be optimal for every trader, I don't even know if the optimal value can be derived from atr at all.

The following might not exactly be what you are looking for but I have done the following (for me) to make things easier: I have made a function that looks like:
Inserted Code
void defaults(){
   if (IsTesting()){
      return(0);
   }

   if (Symbol6() == "GBPUSD"){
      lots = 0.1;
      stop_distance = 30;
   }

   if (Symbol6() == "EURUSD"){
      lots = 0.1;
      stop_distance = 20;
   }

   // add all your favorite pairs here

}
You can also use stop_distance = 0.5 * iATR(...) / pip; or whatever percentage in these default settings instead of a literal number. <-- this is wrong! You may not use varying stop sizes. The size of stop_distance must be constant throughout a complete cycle or you the EA will not be able to find the exact levels of it's own trades and stop-orders anymore, this is due to the way it is designed. Always use fixed stop_distance!

And then in the init function I call this function:
Inserted Code
[color=LightBlue][color=Black]int init(){[/color]
[color=Gray]   if (!IsDllsAllowed()){
      MessageBox("DLL imports must be allowed!", "Snowball");
      return(-1);
   }
      
   IS_ECN_BROKER = is_ecn_broker;
   CLR_BUY_ARROW = clr_buy;
   CLR_SELL_ARROW = clr_sell;
   CLR_CROSSLINE_ACTIVE = clr_stopline_active;
   CLR_CROSSLINE_TRIGGERED = clr_stopline_triggered;[/color]
   
[/color][b]   defaults();[/b]
[color=Gray]
   points_per_pip = pointsPerPip();
   pip = Point * points_per_pip;[/color]

   [color=Gray][...][/color]
This way you have to find out optimal settings only once per pair and the EA will use them by default. But be aware that this will make it completely ignore the corresponding input fields. If you want to change these settings you have to recompile. You can safely recompile while it is running, it is intentionally designed to survive this because I recompile the running EA all the time. I basically don't use the input dialog at all for my personal usage.
  • #74
  • Jun 17, 2010 1:51pm Jun 17, 2010 1:51pm
Quoting finimej
Hi 7Bit,

http://codebase.mql4.com/6211
This market profile price level maybe is usefule for detecting the levels that anti-grid places.

I have the MT4 version of this indi, through me signal, if you need it.
Regards
I endorse what 7bit says about his ea managemnt system it is a powerful weapon in our arsenal and I am testing to complement my entry system ideas, I have not worked out yet if setting a high level is better than smaller pyramids obviously the more levels or largwr thw pyramid the more retracements and larger drawdown bup if it hits the profit are huge I have various tests using the same entey with diff levels from 2 -20 and will see how it panss out will be a long test but this seems the only way patience - maybe there is a mathemaatical optimum level whuch coukd be worked out given a series of controled data and scrolling forward via a simulator

I had an idea hence my reply on if using the mp of the prev day and highest volume price point if based on a open either above or below yoou could trade back to thisa pont with snowvall other filter could be applied ie - await for lowvolume test before entry etc so if you cold post yoour ind I will try and test my idea -regards
  • #75
  • Jun 17, 2010 2:42pm Jun 17, 2010 2:42pm
I have give it a thought, 7bit is right, it need to be fixed grid size.
but different pairs has different size.
eurusd and gbpjpy are different.
so here is the code that calculate the daily average range. not ATR. but daily average range.
Inserted Code
 
extern int First_av = 5;
extern int Second_av = 10;
extern int Third_av = 20;

  int R1=0,R5=0,R10=0,R20=0,RAvg=0;
   int i=0;

   R1 =  (iHigh(NULL,PERIOD_D1,1)-iLow(NULL,PERIOD_D1,1))/Point;
   for(i=1;i<=First_av;i++)
      R5    =    R5  +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;
   for(i=1;i<=Second_av;i++)
      R10   =    R10 +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;
   for(i=1;i<=Third_av;i++)
      R20   =    R20 +  (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/Point;

   R5 = R5/First_av;
   R10 = R10/Second_av;
   R20 = R20/Third_av;
   RAvg  =  (R1+R5+R10+R20)/4;
here the RAvg is the daily average range. then you may divid the daily average range with /4 or /5.
  • #76
  • Jun 18, 2010 8:02am Jun 18, 2010 8:02am
Quoting finimej
I have give it a thought, 7bit is right, it need to be fixed grid size.
but different pairs has different size.
eurusd and gbpjpy are different.
so here is the code that calculate the daily average range. not ATR. but daily average range.
[code]
extern int First_av = 5;
extern int Second_av = 10;
extern int Third_av = 20;...
Can you please tell me how to put this code in ? I tried puting it in just under (extern int stop_distance = 20) but get errors !
Thanks 4xTraderz
  • #77
  • Jun 18, 2010 8:55am Jun 18, 2010 8:55am
Hi,

I am running the snowball on a 4Hour chart with only (Currency strength) and (Camarilla Pivots) indicators. Currency strength is just for a glance of whats going on and the camarilla pivots for entry. I agree with 7Bit and dont want loads of indicators because it clouds my judgement.

So camarilla pivots has four lines two above the price (H3 & H4) and two below the price (L3 & L4). If price hits the H3 or L3 its ment to bounce back so I add (start short) in the description of the (H3) and (stop) in the H4 and (start long) in the description of the (L3) and (stop) in the (L4). Then when these lines are hit the snowball will take action.

I would like it if someone could add these commands into the description of the camarilla/Code because if I change time frames or restart metatrader I have to put them in agen and agen. Also if this was done it would be good for back testing.

Camarilla indicator attached
Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 636 downloads


Thanks 4xTraderz
  • #78
  • Jun 23, 2010 6:19am Jun 23, 2010 6:19am
7Bit,

I seem to be having some 'errors' or I am using it wrong.

I tried putting in a "stop" horizontal line the other day and it said another object already had the name 'stop'. I imagine that is the 'stop' 'button'.

Also, none of the trendlines seem to have worked after I put in "start long" or "start short" etc.. I am using forex.com 4 digit and demo only at this point.

I am running it on 4H chart, 30 pip sep, and using supertrend to identify trend. I really like 3 bars at dev 1.25 which works really well in a trend.

I also added MPTM to cover my profits and only trade Mon Night (USA) through Friday morning. So far it is break even due to just putting on MPTM after 2 days. I would be positive, but several went to negative territory.

It would be cool if it added back the positions if they retrace, get stopped out etc.. That would be a challenge I think.

Cool system thus far and something with little risk comparatively.



Oh, 1 more option for some people would be to change TP to unlimited? I just put in 200 for each.
We are our own best indicator.
  • #79
  • Jun 23, 2010 7:50am Jun 23, 2010 7:50am
Quoting bluemele
7Bit,

I seem to be having some 'errors' or I am using it wrong.

I tried putting in a "stop" horizontal line the other day and it said another object already had the name 'stop'. I imagine that is the 'stop' 'button'.
use the description field of the line, not the name

Quote
Also, none of the trendlines seem to have worked after I put in "start long" or "start short" etc..
see above

Quote
It would be cool if it added back the positions if they retrace, get stopped out etc.. That would be a challenge I think.
it will add the stopped positions if it continues. Do you use a FIFO broker? They mess around with your stoplosses and manipulate them, it should stop only one stoploss at a time, not all at once. You need a non-NFA, non-FIFO broker, otherwise stoplosses do not work correctly.

Quote
Oh, 1 more option for some people would be to change TP to unlimited? I just put in 200 for each.
just set it to 0
  • #80
  • Jun 23, 2010 10:59am Jun 23, 2010 10:59am
Quoting 7bit
use the description field of the line, not the name

see above

it will add the stopped positions if it continues. Do you use a FIFO broker? They mess around with your stoplosses and manipulate them, it should stop only one stoploss at a time, not all at once. You need a non-NFA, non-FIFO broker, otherwise stoplosses do not work correctly.

just set it to 0
Well look at me use your EA incorrectly! I have nonFIFO/NFA broker, so.. It is closing trades out correctly, that was a bad explanation of mine. I will see if it reenters though, I guess I missed it.

Haha... I don't think I could have done more wrong while using this.

I guess the good point is that I am profitable though! 2 strategies, just doing HA bars on 4H and supertrend like I mentioned before with MPTM. MPTM is making a HUGE difference because the 4H is a bit large to trade on 30 pip distance.

Thanks for the updates!

One small improvement in my opinion in the next version (if there will be one) is...

Put LONG/SHORT/BIDIRECTIONAL in very large red letters or whatever that you can see very clearly! Right now, I have a screen w/ 22 currencies and it is very hard to see the 'long/short/bi-directional' text mixed in with everything else. I can just do the MQ4 file next time and do it myself, but I thought it might be more user friendly that way.

Thanks for the great & SIMPLE to profit EA!
We are our own best indicator.
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