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Trading the anti-grid with the snowball EA

  • #61
  • Jul 21, 2010 2:49am Jul 21, 2010 2:49am
Great work 7Bit
This could be a great EA if we can find the right combination and pairs.

Is there any chance you could add a Magic Number so we can try different combinations on the same pair and maybe use a third party EA for taking profit.
  • #62
  • Jul 21, 2010 4:01am Jul 21, 2010 4:01am
Quoting guro
Great work 7Bit
This could be a great EA if we can find the right combination and pairs.

Is there any chance you could add a Magic Number so we can try different combinations on the same pair and maybe use a third party EA for taking profit.
The magic number (and the name for the corresponding equity chart) is auto-generated from short name and the pair it is running on. (Its using a hash function on the string name + Symbol() to generate the MN).

You could make the short name (the variable string name = "snow") an external parameter and then use sno1, sno2, sno3, etc for multiple instances on the *same* pair. This would give it different magic numbers on the same pair and also plot different equity charts with names like "sno1EURUSD", "sno2EURUSD", "sno3EURUSD", etc.

Don't use more than 4 characters for this short name or the equity chart names could become be too long and metatrader won't be able to use them anymore.
  • #63
  • Jul 21, 2010 2:49pm Jul 21, 2010 2:49pm
Quoting 7bit
The magic number (and the name for the corresponding equity chart) is auto-generated from short name and the pair it is running on. (Its using a hash function on the string name + Symbol() to generate the MN).

You could make the short name (the variable string name = "snow") an external parameter and then use sno1, sno2, sno3, etc for multiple instances on the *same* pair. This would give it different magic numbers on the same pair and also plot different equity charts with names like "sno1EURUSD", "sno2EURUSD", "sno3EURUSD", etc.

Don't...
Thanks 7, I'll give it a try.

I've been getting some spectacular losses on pound/yen and dollar/yen using 20 step, 2 levels. I wasnt sure how the bidirectional worked so I put the opposite trade on another platform (same broker, one buy and the other sell) I was creamed.
I was just wondering if it's possible to reverse the trades, I have seen some EAs with a reverse trades.
Just a thought
  • #64
  • Jul 21, 2010 3:46pm Jul 21, 2010 3:46pm
Quoting guro
Thanks 7, I'll give it a try.

I've been getting some spectacular losses on pound/yen and dollar/yen using 20 step, 2 levels. I wasnt sure how the bidirectional worked so I put the opposite trade on another platform (same broker, one buy and the other sell) I was creamed.
I was just wondering if it's possible to reverse the trades, I have seen some EAs with a reverse trades.
Just a thought
I hope you are on demo as i have repeatedly and strongly recommended.

Losses cannot be spectacular, they are limited to 20 pip per stoploss and around 10 stoplosses per day. You must see this in relation to the potential profits of many thousands of pips. The profits can be spectacular.

If one would reverse all trades it would be an ordinary limit order grid, there are dozens of them available here and elsewhere. This EA is an anti-grid, the whole reason for this EA to exist is to provide the reverse of such a conventional limit grid. Reversing it again would make this EA exactly what it is *not* meant to be.
  • #65
  • Jul 23, 2010 8:14pm Jul 23, 2010 8:14pm
Quoting 7bit
I hope you are on demo as i have repeatedly and strongly recommended.

Losses cannot be spectacular, they are limited to 20 pip per stoploss and around 10 stoplosses per day. You must see this in relation to the potential profits of many thousands of pips. The profits can be spectacular.

If one would reverse all trades it would be an ordinary limit order grid, there are dozens of them available here and elsewhere. This EA is an anti-grid, the whole reason for this EA to exist is to provide the reverse of such a conventional limit grid. Reversing...
No, of course I'm on a demo account.
I guess you're right it would be a conventional grid.

Some times I want to start the trade immediately when I'm starting a trade in one direction, is there a way to do that? I've been dragging the line with the mouse but that's a bit messy.
  • #66
  • Jul 24, 2010 6:49am Jul 24, 2010 6:49am
On demo the CADYEN gave very good results with 30pip stops- I need to get another computer so I can run and test it all the time though.
  • #67
  • Jul 31, 2010 6:14pm Jul 31, 2010 6:14pm
I have the snowball downloaded and will be testing on demo monday. Just wanted to thank you for making this available to us. The theory seems brilliant and your programming skills are A1. A few questions when you get a chance. You say automated back testing of this EA is nonsense. Is this due to slippage, spread widening and weekend gaps on a real money account or are there other factors also? I downloaded the common functions into my experts/include folder but still get errors when I change lot size and compile. Is there something else I have to do to be able to change the code? Lastly, in the inputs box, does the sound_stop_all give an alert sound as default or do you need to type a command into that space? thanks much.
  • #68
  • Edited 7:06am Aug 2, 2010 6:55am | Edited 7:06am
Ok, EA is opening and closing trades correctly but I noticed a couple things aren't working like they should. The little lime dash line (shows BE point) isn't forming above the open trades. And when I put a text label on the chart with "profit" typed into the text, it only shows my realized loss amount no matter where I place it on the chart. EA won't trade on the strategy tester on this platform. However EA trades on another demo platform on the strategy tester and the two features mentioned above (BE slash line and profit text) work fine on the strategy tester. Any ideas? thanks
  • #69
  • Aug 2, 2010 11:41am Aug 2, 2010 11:41am
Another observation. I don't know if it's related to no BE green slashes on my chart(as in previous post) but EA didn't take profit at 2 levels above BE as it was set to do. I closed it manually 26 pips above BE plus 2 levels. Love the way EA places trades and I think the strategy is a winner but there might be a few bugs or maybe I'm doing something wrong on my end. What do you think? thanks
  • #70
  • Aug 2, 2010 11:43am Aug 2, 2010 11:43am
Here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: new ea.gif Size: 16 KB
  • #71
  • Aug 3, 2010 5:08am Aug 3, 2010 5:08am
Quoting Toothman
Another observation. I don't know if it's related to no BE green slashes on my chart(as in previous post) but EA didn't take profit at 2 levels above BE as it was set to do. I closed it manually 26 pips above BE plus 2 levels. Love the way EA places trades and I think the strategy is a winner but there might be a few bugs or maybe I'm doing something wrong on my end. What do you think? thanks
Yes, that's been happening often, I had it set for 2 level it went up 2.5 levels turned and I ended up losing 2 levels.
  • #72
  • Aug 3, 2010 6:58am Aug 3, 2010 6:58am
Quoting guro
Yes, that's been happening often, I had it set for 2 level it went up 2.5 levels turned and I ended up losing 2 levels.
guru,
Does your platform show the green slash BE line? My FX Solutions demo Australia platform shows the line and TP's properly but my FX Sol. UK real money platform does not show the line and doesn't TP properly. It does however place trades properly. Any ideas? thanks
  • #73
  • Aug 4, 2010 3:03am Aug 4, 2010 3:03am
Quoting Toothman
guru,
Does your platform show the green slash BE line? My FX Solutions demo Australia platform shows the line and TP's properly but my FX Sol. UK real money platform does not show the line and doesn't TP properly. It does however place trades properly. Any ideas? thanks
Yes it did show a green line, to be quite honest I didn't know what they were for.
I had it on JadeFX but I've shut it down now. I'm hoping for a new update because the idea as good potential.
  • #74
  • Aug 10, 2010 11:54am Aug 10, 2010 11:54am
Anyone know what would need adjusted in the code to let EA automatically open new buy and sell orders after a TP occurs? 7bit, if you check in, maybe you could respond. I still can't make any changes to the EA without getting errors when I compile and I have the common functions in my includes folder as instructed. Still can't figure out why BE green slash line isn't on my charts. Would really like to be able to see that. EA is however placing trades and orders correctly. thank you
  • #75
  • Aug 11, 2010 6:34am Aug 11, 2010 6:34am
Quoting Toothman
Anyone know what would need adjusted in the code to let EA automatically open new buy and sell orders after a TP occurs? 7bit, if you check in, maybe you could respond. I still can't make any changes to the EA without getting errors when I compile and I have the common functions in my includes folder as instructed. Still can't figure out why BE green slash line isn't on my charts. Would really like to be able to see that. EA is however placing trades and orders correctly. thank you
the function stop() is called everytime it stops (due to TP, stop-button or stop line). to start it again you have to call go(). if you want it only on auto-tp then you have to find the function where it checks the autotp and thencalls stop(). Simply call go(LONG) or go(SHORT) or go(BIDIR) or store the last directon in a temporary variable:

last_dir = direction;
stop();
go(last_dir);

What errors are you getting? Errors usually come with a text that tells you exactly what it could not find or what else went wrong.
  • #76
  • Aug 11, 2010 11:35am Aug 11, 2010 11:35am
As you can see from the attachment from the gbpjpy i have been in this trade a few weeks now i have a stop line at 132.00 which i considered a good place to stop (not there yet) You explained this system requires patience and there will be large dd from time to time when your trade direction is initially wrong. Which is all fair enough.

I wanted you to view the chart and see if the breakeven line is working i hopped from reading your threads that the be line would (in my case as i am going short) move up as price came down to meet it so to speak but the be line has subbornly staid at around the 134.00 mark even with the recent falls yesterday and today - is it operating correctly or am i missing something.

Hope you can help
regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy trade.jpg Size: 166 KB
  • #77
  • Aug 11, 2010 12:04pm Aug 11, 2010 12:04pm
Quoting censura
is it operating correctly or am i missing something.
It all looks correct with the little exception that a piece of the BE line is missing but this might have been an unclean shutdown (crash) of metatrader where it does not store arrows on the chart or you otherwise deleted the arrow objects.

Ths BE line will only move up if price goes up beyond the highest high and the whole grid of entry orders will be trailed upwards. In your chart this happened twice on 2nd August (but only a couple of pips). If I were you I would have closed it today when it was below the BE line after such a long cycle. UJ is on a major support line now and all xxx/jyp pairs might seriously bounce now.
  • #78
  • Oct 5, 2010 10:23am Oct 5, 2010 10:23am
Why does the EA open 2 pending orders instead of 1 open and 1 pending?

Also, is there a way to open the trades without a stop loss?
  • #79
  • Oct 6, 2010 8:33am Oct 6, 2010 8:33am
What mode did you start the EA in? Bidirectional, long or short?
You are in a maze of twisty little passages, all alike.
  • #80
  • Oct 15, 2010 1:57pm Oct 15, 2010 1:57pm
I've had to add on another chart the manage TP EA. ON EU my settings are 15 pips for first target and 50 pips for second.

The snowball ea (30 pips stop) still keeps track of the total profit which is great. The manage tp ea helps lock in profits during waves 1,2,4,a and b only the larger waves of 3,5,& C realize the profit and only occur one or twice a week or so.

During the distribution this am was a perfect example I watched 2 orders on the ea bounce from +53pips only to hit SL.

On GU I've been working with a stop of 67 pips-- the lack of daily volitality lately has made it kind of boring- but has potential.

Any thoughts of a magic number being added?
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