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Snow Roller - An Avalanche of Profits

  • #21
  • Mar 29, 2011 11:08am Mar 29, 2011 11:08am
Still floating, AUDJPY closed out one round (first bump up) and EURJPY closed out one round (2nd bump up). Still some dead wood to clear out though...
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement1.gif Size: 5 KB
Attached Image
  • #22
  • Mar 29, 2011 11:37am Mar 29, 2011 11:37am
I saw the basket reached the TP level of 100 dollars. EA was closing all trades but three trades on EURJPY was not closed.

Look into Journal tab with the following:


2011.03.30 00:30:26SnowRoller EURGBP,M5: unknown ticket 42619514 for OrderClose function

2011.03.30 00:30:26SnowRoller EURUSD,M5: unknown ticket 42619514 for OrderClose function

Any idea?
福 子 Victor V
  • #23
  • Edited 12:04pm Mar 29, 2011 11:47am | Edited 12:04pm
Quoting FXEZ

extern int CloseAllProfit = 10; // the following 4 lines are in Dollars or your underlying currency (not pips)
extern int CloseAllLoss = 250; // basket closure - loss
extern int CloseThisProfit = 10; // profit closure for this symbol only
extern int CloseThisLoss = 250; // loss closure for this symbol only

Hopefully the comments above will make it easier to understand the settings.
Is it possible for the above settings to be expressed in % of account balance instead?

Thanks.

福 子 Victor V
  • #24
  • Mar 29, 2011 12:34pm Mar 29, 2011 12:34pm
Quoting camvcvoo
Is it possible for the above settings to be expressed in % of account balance instead?

Thanks.

That seems like a reasonable request. What default % would be good for the profit / loss levels? Extrapolating from the current settings it would got to 2% profit, and more reasonably the loss % to 4% loss?

I've also been evaluating how this thing is structured. Right now I have maxed out on my demo the trades at 100, with 30 on AUDUSD carrying a loss of 8.8. I'm thinking about a method to better allocate positions between the pairs so it doesn't end up with a few pairs with really large size carrying them to loss. That's really the opposite of the snow roller concept as far as I can tell. I haven't been watching Basket Stats for very long so maybe this is normal?
  • #25
  • Mar 29, 2011 12:37pm Mar 29, 2011 12:37pm
Quoting FXEZ
Still floating, AUDJPY closed out one round (first bump up) and EURJPY closed out one round (2nd bump up). Still some dead wood to clear out though...

Sir,

The EA works well on my Alpari demo. However, the basket_stats indicator is not functioning as described. It is not displaying the data - all I get is what is shown on the screenshot attached. I have placed it in expertsindicators folder

Can you please guide me on correcting this.

Thanks for sharing!

faithfully

Nicastro
Attached Image (click to enlarge)
Click to Enlarge Name: snow roller 01.gif Size: 86 KB
  • #26
  • Mar 29, 2011 12:40pm Mar 29, 2011 12:40pm
Quoting camvcvoo
I saw the basket reached the TP level of 100 dollars. EA was closing all trades but three trades on EURJPY was not closed.

Look into Journal tab with the following:


2011.03.30 00:30:26SnowRoller EURGBP,M5: unknown ticket 42619514 for OrderClose function

2011.03.30 00:30:26SnowRoller EURUSD,M5: unknown ticket 42619514 for OrderClose function

Any idea?
I'll have another look at the code. It may not be a serious problem but perhaps there is a way to ensure a full closeout.
  • #27
  • Mar 29, 2011 12:59pm Mar 29, 2011 12:59pm
Quoting Nicastro
Sir,

The EA works well on my Alpari demo. However, the basket_stats indicator is not functioning as described. It is not displaying the data - all I get is what is shown on the screenshot attached. I have placed it in expertsindicators folder

Can you please guide me on correcting this.

Thanks for sharing!

faithfully

Nicastro
Hey Nicastro,

Are you using the same MagicNumber in Basket_Stats as you are using in SnowRoller? The default for both should be zero. The MagicNumbers have to be the same in order for the basket_stats indicator to find the trades / symbols and report them.
  • #28
  • Edited 1:37pm Mar 29, 2011 1:04pm | Edited 1:37pm
I just posted an update to the SnowRoller.mq4 file that changes the CloseAll, and CloseThis settings to percent with defaults of 2.0% for profit taking and 4.0% for loss taking.

https://sites.google.com/site/marketformula/snow-roller
  • #29
  • Mar 29, 2011 1:43pm Mar 29, 2011 1:43pm
This is what is of concern to me. Note the out-sized position on AUDUSD and how this one position is offsetting just about every other pair's profit. This isn't what Snow Roller is supposed to be about. It should be doing this in reverse with profits, instead of losses. I'm going to have to think about how to make sure that profitable pairs are rewarded by allowing larger sizes and unprofitable pairs are penalized by reducing their size.

O PnL = Open Profit and Loss
C PnL = Closed Profit and Loss
Lots and Trades relate to open positions.
Attached Image
  • #30
  • Mar 29, 2011 3:11pm Mar 29, 2011 3:11pm
I just uploaded a new version. If you've already downloaded SnowRoller, Please download this version so we are all on the same page. (see link in signature)

Changes:
Everything should now be normalized in pips no matter what your broker is like (4 digit, 5 digit).

The CloseAll and CloseThis have been reworked to be in percent.

Commented out the parameters a bit more clearly with descriptions separating the sections. It should seem more logical.

-----
Additionally I implemented a routine that *should* (untested) gradually close out the worst performing symbol that has over 5 trades (rather than allow it to keep adding losing trades as the old version does). This should help speed up chopping down the symbols that are a drag on performance.
  • #31
  • Mar 29, 2011 3:29pm Mar 29, 2011 3:29pm
Quoting FXEZ
I just uploaded a new version. If you've already downloaded SnowRoller, Please download this version so we are all on the same page. (see link in signature)

Changes:
Everything should now be normalized in pips no matter what your broker is like (4 digit, 5 digit).

The CloseAll and CloseThis have been reworked to be in percent.

Commented out the parameters a bit more clearly with descriptions separating the sections. It should seem more logical.

-----
Additionally I implemented a routine that *should* (untested) gradually close out the worst...
Hi,

Thanks for the link. I uploaded this EA an hor back. Hope the recent changes have already been taken care. The EA already started trading with lot 0.1.
Intraday only.
  • #32
  • Mar 29, 2011 4:14pm Mar 29, 2011 4:14pm
Quoting FXEZ
That seems like a reasonable request. What default % would be good for the profit / loss levels? Extrapolating from the current settings it would got to 2% profit, and more reasonably the loss % to 4% loss?

I've also been evaluating how this thing is structured. Right now I have maxed out on my demo the trades at 100, with 30 on AUDUSD carrying a loss of 8.8. I'm thinking about a method to better allocate positions between the pairs so it doesn't end up with a few pairs with really large size carrying them to loss. That's really the opposite of...
Hey FXEZ,

I was just amazed when I saw someone adopting the snowball trading style. I am in Forex now for 5 years, and finally I am successful trading manually according to this method.

I have always struggled for myself to find the key to countertrade a pair. Here you seem to do so, too. Your very much open positions on the AUDUSD tell so.

Despite I am not a programmer, I had many thoughts about an EA this far. I scale in a trade in a similar way you do with the snow roller. But I use an indicator that is mostly laughed on by people. This indicator is the 3x semafor. I have very much success on the M5 or M15 if I do the following :

Whenever a level 3 semafor pops up, I wait until the next candle that opens lower than the one showing the semafor. As this indi repaints, it can happen that the semafor is shifted a few times to a new candle ... and then I scale in again. But by experimenting with the semafor settings and a crude money management I finally have a lot of success.

If one, or you, maybe can modify the snow roller EA to picking trades every time giving the rules I gave here roughly, I would be very glad to contribute my further thoughts ...

Just my little cents ... cheers for all you programmers good work

xxl205 aka George
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #33
  • Mar 29, 2011 4:31pm Mar 29, 2011 4:31pm
Now if I see a pair that is in profit and I want to close out that pair, can I merely close out all positions in that pair or will that cause some issues?

Or do you anticipate closing the basket all at once?
  • #34
  • Edited 4:46pm Mar 29, 2011 4:32pm | Edited 4:46pm
Patrick,

Thanks very much for your quick responses to all the questions raised.


What do you think would have caused the following:


01:43:06 SnowRoller EURJPY,M5: open #42621006 buy 0.10 EURJPY at 116.146 ok
01:43:06 SnowRoller USDJPY,M5: close #42621006 buy 0.10 EURJPY at 116.146 at price 116.138
01:43:06 SnowRoller EURGBP,M5: unknown ticket 42621006 for OrderClose function
01:43:06 SnowRoller EURUSD,M5: unknown ticket 42621006 for OrderClose function
01:49:29 SnowRoller EURJPY,M5: open #42621167 buy 0.10 EURJPY at 116.096 ok
01:49:29 SnowRoller EURUSD,M5: close #42621167 buy 0.10 EURJPY at 116.096 at price 116.087
01:49:29 SnowRoller USDJPY,M5: unknown ticket 42621167 for OrderClose function
01:56:17 SnowRoller EURGBP,M5: open #42621213 sell 0.10 EURGBP at 0.88137 ok
01:56:17 SnowRoller EURUSD,M5: close #42621213 sell 0.10 EURGBP at 0.88137 at price 0.88146
01:56:17 SnowRoller USDJPY,M5: unknown ticket 42621213 for OrderClose function
01:58:24 SnowRoller EURJPY,M5: open #42621236 buy 0.10 EURJPY at 116.142 ok
01:58:24 SnowRoller EURUSD,M5: close #42621236 buy 0.10 EURJPY at 116.142 at price 116.138
02:00:47 SnowRoller EURJPY,M5: open #42621336 buy 0.10 EURJPY at 116.096 ok
02:00:47 SnowRoller EURUSD,M5: close #42621336 buy 0.10 EURJPY at 116.096 at price 116.089
02:58:48 SnowRoller EURJPY,M5: open #42621823 buy 0.10 EURJPY at 116.144 ok
02:58:48 SnowRoller EURUSD,M5: close #42621823 buy 0.10 EURJPY at 116.144 at price 116.136
03:37:04 SnowRoller EURGBP,M5: open #42622190 buy 0.10 EURGBP at 0.88147 ok
03:37:04 SnowRoller EURUSD,M5: close #42622190 buy 0.10 EURGBP at 0.88147 at price 0.88139
03:41:11 SnowRoller EURJPY,M5: open #42622247 buy 0.10 EURJPY at 116.180 ok
03:41:11 SnowRoller EURUSD,M5: close #42622247 buy 0.10 EURJPY at 116.180 at price 116.172
03:48:24 SnowRoller EURJPY,M5: open #42622332 buy 0.10 EURJPY at 116.246 ok
03:48:24 SnowRoller EURUSD,M5: close #42622332 buy 0.10 EURJPY at 116.246 at price 116.241
03:58:06 SnowRoller EURJPY,M5: open #42622508 buy 0.10 EURJPY at 116.295 ok
03:58:06 SnowRoller EURUSD,M5: close #42622508 buy 0.10 EURJPY at 116.295 at price 116.289
04:04:36 SnowRoller USDJPY,M5: open #42622753 buy 0.10 USDJPY at 82.472 ok
04:04:36 SnowRoller EURUSD,M5: close #42622753 buy 0.10 USDJPY at 82.472 at price 82.465
04:04:38 SnowRoller EURJPY,M5: open #42622756 buy 0.10 EURJPY at 116.341 ok
04:04:39 SnowRoller EURUSD,M5: close #42622756 buy 0.10 EURJPY at 116.341 at price 116.337
05:01:52 SnowRoller EURJPY,M5: open #42623289 buy 0.10 EURJPY at 116.410 ok
05:01:52 SnowRoller EURUSD,M5: close #42623289 buy 0.10 EURJPY at 116.410 at price 116.390

The EA opened and closed those positions almost immediately ... ...


I'm with you on the profit / loss ratio in your new updated EA.

As for the stats indicator, i found no place for me to alter the magic number with the first file you posted.

In all, many thanks for your effort.

Cheers.

福 子 Victor V
  • #35
  • Mar 29, 2011 4:32pm Mar 29, 2011 4:32pm
Quoting xxl205
Hey FXEZ,

I was just amazed when I saw someone adopting the snowball trading style. I am in Forex now for 5 years, and finally I am successful trading manually according to this method.

I have always struggled for myself to find the key to countertrade a pair. Here you seem to do so, too. Your very much open positions on the AUDUSD tell so.

Despite I am not a programmer, I had many thoughts about an EA this far. I scale in a trade in a similar way you do with the snow roller. But I use an indicator that is mostly laughed on by people. This...
George,

Thanks for this contribution. If no one can help, then you can use snowball to automatically enter your positions when you choose. I will experiment with the semafor indi.
  • #36
  • Mar 29, 2011 4:51pm Mar 29, 2011 4:51pm
Quoting newark18
George,

Thanks for this contribution. If no one can help, then you can use snowball to automatically enter your positions when you choose. I will experiment with the semafor indi.
Hey Newark,

nice to hear that you want to experiment with the semafor. What I do mostly with the snowball EA at the moment is to fire it up in BOTH ways (trading bidirectional settings) on London open at 09:00 / GMT+1. Settings are 0.1 lots at a 8 or 10 pips range, so very tight here. Levels are 3-6, depends on pair. If market doesn't move enough, I quit and take a few losses that do not really bother me. And boy, that works. Even Steve Hopwood is having thoughts in this direction at the moment with his ACD / Mark Fisher adaption, where he came to the clue that we'd simply shouldn't complicate things but just shoot for it

Would be glad to have some results from your experiments, your help here is warmly welcome
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #37
  • Mar 29, 2011 4:55pm Mar 29, 2011 4:55pm
With the updated EA,

----lotsize: 1 will be the minimum lot size for any broker----

If i want to use 1.0 lot for every account balance of 100,000 what should i put? 10? 1.0?

I'm not making sense here but ... ... anyone thought of an appropriate size for balance of 100K?
福 子 Victor V
  • #38
  • Mar 29, 2011 5:00pm Mar 29, 2011 5:00pm
Quoting newark18
George,

Thanks for this contribution. If no one can help, then you can use snowball to automatically enter your positions when you choose. I will experiment with the semafor indi.
Forgot to leave one more brainfart Just take the M5 or M15 and the semafor indi with 36/60/156 settings. On level 3 that is the initial signal to get your eyes on (has a useful sound and box alert). Then watch out for 1 or better 2 candles that open or close lower than the candle with the semafor. Or use RSI / stoch at 80/20 - whatever. Just to tighten the feeling the market reverses and to cut out too much whipsaws for the snowball in advance. Then start the Snowball in countertrade mode, with 15 pips range or whatever you are feeling, needs experimenting with pairs and settings here. You just shouldn't be twisted into SL that much. Let go. Enjoy.
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #39
  • Mar 29, 2011 5:12pm Mar 29, 2011 5:12pm
Quoting xxl205
Hey Newark,

nice to hear that you want to experiment with the semafor. What I do mostly with the snowball EA at the moment is to fire it up in BOTH ways (trading bidirectional settings) on London open at 09:00 / GMT+1. Settings are 0.1 lots at a 8 or 10 pips range, so very tight here. Levels are 3-6, depends on pair. If market doesn't move enough, I quit and take a few losses that do not really bother me. And boy, that works. Even Steve Hopwood is having thoughts in this direction at the moment with his ACD / Mark Fisher adaption, where he came...
Interesting. I will try on NY open. It would be nice to see an option added to trade on certain hours. Thanks for this. And I will update you on my findings.
  • #40
  • Mar 29, 2011 5:16pm Mar 29, 2011 5:16pm
Quoting xxl205
Hey Newark,

nice to hear that you want to experiment with the semafor. What I do mostly with the snowball EA at the moment is to fire it up in BOTH ways (trading bidirectional settings) on London open at 09:00 / GMT+1. Settings are 0.1 lots at a 8 or 10 pips range, so very tight here. Levels are 3-6, depends on pair. If market doesn't move enough, I quit and take a few losses that do not really bother me. And boy, that works. Even Steve Hopwood is having thoughts in this direction at the moment with his ACD / Mark Fisher adaption, where he came...
Correct me if I am wrong but it sounds like you have two strategies. One for the open and one for semafors?
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