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Snowballs and the anti-grid

  • #121
  • Jul 16, 2010 4:00am Jul 16, 2010 4:00am
Hi Steve,

When I first started using Snowball, I ran it in bi-directional mode. Like you, I suffered several consecutive losses.

My strategy now is to pick what I consider the top/bottom and then trade long or short accordingly. This works quite well on London open. In essence, this means trading in the opposite direction of the Asian session on many occasions.

I now trade Snowball live and so far, this week, am up over 300 pips trading EU, EJ and GU. I've missed a lot of trading opportunities as well, because I don't leave my PC running all day. I, always, stop Snowball when I shut down.
  • #122
  • Jul 16, 2010 10:20am Jul 16, 2010 10:20am
Hi Alan,

On what TF are you using to pick top/bottom?

Thanks.

Quoting Alan5616
Hi Steve,

When I first started using Snowball, I ran it in bi-directional mode....
  • #123
  • Jul 16, 2010 7:27pm Jul 16, 2010 7:27pm
Quoting haveone2
Hi Alan,

On what TF are you using to pick top/bottom?

Thanks.
I'm using the 5 min tf. I find that this works fine for trading the London turn around, i.e. from 8am UK time. You get into the trades early and every day this week the overnight trend has been reversed, once the London traders join the party.

I don't feel quite as confident trading this strategy on the NY session as, too often, the forex markets get pulled around by the US Stock Indices.
  • #124
  • Jul 19, 2010 9:35am Jul 19, 2010 9:35am
Quoting Alan5616
I'm using the 5 min tf. I find that this works fine for trading the London turn around, i.e. from 8am UK time. You get into the trades early and every day this week the overnight trend has been reversed, once the London traders join the party.

I don't feel quite as confident trading this strategy on the NY session as, too often, the forex markets get pulled around by the US Stock Indices.
Thanks!
  • #125
  • Jul 21, 2010 5:44am Jul 21, 2010 5:44am
Thx 7bit for snowball EA, good tool, this week I got more then 300 pips just on the london open.
  • #126
  • Jul 23, 2010 7:31am Jul 23, 2010 7:31am
This EA is working very well.

I'd like to ask 7bit what is the highest number of levels that has used on Auto TP, perhaps when trying to recoup from a losing position?

As an experiment on my demo account, yesterday, I used Snowball on a highly volatile pair (USD/DKK). I set it to SL 30; Auto TP 3. It started up OK but, then closed out with a 0.57 loss (micro account) before it had a chance to go anywhere. Any idea why this should happen?
  • #127
  • Jul 25, 2010 3:55am Jul 25, 2010 3:55am
last week i made 562pips with snowball ST-20 pips
Attached Image (click to enlarge)
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  • #128
  • Jul 25, 2010 6:30am Jul 25, 2010 6:30am
gio.kele
what mode you use? bidirectional or one way?
20 pips steps is good, more posibilities for more pips!
godd results!
  • #129
  • Jul 25, 2010 11:42am Jul 25, 2010 11:42am
Quoting ninpojutsu
gio.kele
what mode you use? bidirectional or one way?
20 pips steps is good, more posibilities for more pips!
godd results!
I am starting snowball on the london open on gu,eu and ej with bidirectional mode.
  • #130
  • Jul 26, 2010 5:32am Jul 26, 2010 5:32am
Are you able to use this on more than one pair at the same time?

I always get conflicts if I try and do that.
  • #131
  • Jul 26, 2010 6:20am Jul 26, 2010 6:20am
Quoting cordite
Are you able to use this on more than one pair at the same time?

I always get conflicts if I try and do that.
Are you assigning different a magic number to each instance of the EA?

The EA running on a particular chart knows its own trades based on the magic number. So if you're simultaneously running the EA onEU, EJ and UC you have to assign a different magic number for each instance.
You are in a maze of twisty little passages, all alike.
  • #132
  • Jul 26, 2010 6:24am Jul 26, 2010 6:24am
Nope, I haven't done that. Do I need to go into the code to change this or can it be done easier?

If it's through code how would I do this?

Many thanks.
  • #133
  • Jul 26, 2010 9:19am Jul 26, 2010 9:19am
Quoting stevegee58
Are you assigning different a magic number to each instance of the EA?

The EA running on a particular chart knows its own trades based on the magic number. So if you're simultaneously running the EA onEU, EJ and UC you have to assign a different magic number for each instance.
Are you sure?

It looks to me like the code is creating a unique magic number for each chart it is running on- but I may be wrong .....

magic = makeMagicNumber(name + "_" + Symbol());
  • #134
  • Jul 26, 2010 9:34am Jul 26, 2010 9:34am
Quoting macman
Are you sure?

It looks to me like the code is creating a unique magic number for each chart it is running on- but I may be wrong .....

magic = makeMagicNumber(name + "_" + Symbol());
Oops. I'm currently using another EA and got it confused with this one.
Cordite, what errors are you getting when you run the EA on several charts simultaneously? Look under the Experts and Journal tabs.
You are in a maze of twisty little passages, all alike.
  • #135
  • Jul 28, 2010 9:09am Jul 28, 2010 9:09am
those of u using this on real account - may i know which broker u using? just want to make sure its compatible
  • #136
  • Jul 28, 2010 2:47pm Jul 28, 2010 2:47pm
Hmm, it appears whatever conflicts I was having they are no longer, erm, conflicting.

Working fine on more than one pair now!
  • #137
  • Aug 5, 2010 3:05am Aug 5, 2010 3:05am
Hi 7Bit !

I have this running on about 16 charts all small windows and was wondering if you could add a (Show Comments) option True/False so I can see the chart more clearly in the small space im working with ? And maybe an X/Y position option for the start stop buttons so I can move them about ?

Thanks 4xTraderz...
  • #138
  • Aug 8, 2010 2:34pm Aug 8, 2010 2:34pm
Hi 4xTraderz,

It seems that 7bit has gone to ground as, he has been absent recently.

I would second your suggestions, especially being able to move the operational buttons to another position on the screen. That would be very useful.

There are a couple of other features that could be added to make Snowball a pip gatherer extraordinaire. It's very good but a couple of extra bits would make it awesome.
  • #139
  • Aug 8, 2010 3:04pm Aug 8, 2010 3:04pm
Quoting Alan5616
It seems that 7bit has gone to ground as, he has been absent recently.
I have not "gone to ground", I just have found a more rewarding way to kill the time between my trades than hanging around in this forum all day long.
  • #140
  • Aug 10, 2010 8:20am Aug 10, 2010 8:20am
You don't have to hang around here all day long.

Obviously, there will be questions about Snowball and, I'm sure, it would be appreciated, by many, if you could respond to the more recent queries that have been raised.
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