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Attachments: Snow Roller - An Avalanche of Profits
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Snow Roller - An Avalanche of Profits

  • #41
  • Mar 29, 2011 5:17pm Mar 29, 2011 5:17pm
Quoting newark18
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.
I found Frankfurt / London to have the volatility the snowball needs. I mostly don't trade NY session, because I live in Germany and that is afternoon 2pm my time GMT+1 ... so I have some way more interesting things to do but babysitting my trades I usually trade 2-3hrs FFM / London open, thats it.
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #42
  • Mar 29, 2011 5:20pm Mar 29, 2011 5:20pm
Quoting xxl205
Levels are 3-6, depends on pair.
Quoting xxl205
start the Snowball in countertrade mode
Can you clarify what you mean?
  • #43
  • Mar 29, 2011 5:40pm Mar 29, 2011 5:40pm
Quoting newark18
Correct me if I am wrong but it sounds like you have two strategies. One for the open and one for semafors?
Yes, exactly. On the open I do the snowball, after that if I catch a good semafor on a dip of the trend, I take that too. Or I countertrend, just what I like Semafor strategy would be :

1. 3X Semafor indi on M5 with sets 23/38/68 or 36/60/156 if you want to be more sure. Box, Sound and maybe email alerts.
2. Watch for a LEVEL 3 SEMAFOR.
3. Wait for the next 5 EMA / 10 SMA cross in opposite direction of the semafor.
4. Enter the trade on the cross. Use snowball, lay a scripted grid or whatever.
5. IMPORTANT : StopLoss is the way from the Semafor to the cross ! that is my Mark Fisher way of limiting losses ... ACD
6. If SL is triggered, repeat from step 1
7. Exit : next level 3 semafor on opposite. Maybe a 10 pips breakeven or a 20 trailer to leave not so much money on the table if you haven't time to watch the trades.

Just watch the news events carefully, better to sail in calm waters
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #44
  • Mar 29, 2011 5:47pm Mar 29, 2011 5:47pm
Quoting newark18
Can you clarify what you mean?
Levels I choose depending on ATR of a pair or just market observation. on EURCHF I use less levels to complete than on GBPJPY for example.

With countertrade mode I simply mean the opposite direction of the semafor, like if you see a semafor on a uptrend, you go down and vice versa.
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #45
  • Mar 29, 2011 5:49pm Mar 29, 2011 5:49pm
This looks interesting, I will have a look over the weekend and see how it works (and of course feedback).

I have been working on some EA's myself, just new to all this, but a programming background...albeit dim distant background thesedays.

I put together an EA to examine average pip size per bar (so timeslot) per pair and how deep this average persists.

So for example the USDCHF had a 55 point daily average bar, with 18 point H4 bar, this average would persist 6 or 7 continuous bars into a trend.

These figures in themselves cannot form a system but they can inform a system. Some pairs have 110-120 pip a day averages....where others are less than half of this.

Thus when looking into trends it may be useful to factor this in and ensure all calculations are relative to the pair and not on fixed pip sizes.
  • #46
  • Mar 29, 2011 6:02pm Mar 29, 2011 6:02pm
Quoting newark18
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?
It should be fine to close out one symbol. Do you have a script for closing out a single symbol? I was thinking of putting one together if there isn't one out there already.
  • #47
  • Mar 29, 2011 6:02pm Mar 29, 2011 6:02pm
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...
Thanks for the info George. Can you post a link (or the indicator) to the indicator you use? The simple pattern I'm using in this SnowRoller EA is far from rocket science.
  • #48
  • Mar 29, 2011 7:07pm Mar 29, 2011 7:07pm
Apologies to any who downloaded the latest version of SnowRoller and who haven't been having any trades. The problem is (small bug in the CloseWorst function) fixed now and you can download the updated file here:

https://sites.google.com/site/marketformula/
  • #49
  • Mar 29, 2011 7:11pm Mar 29, 2011 7:11pm
Here are some scripts
Attached File(s)
File Type: mq4 Close All (Current Pair).mq4   2 KB | 356 downloads
File Type: mq4 Close All (ALL PAIRS).mq4   6 KB | 337 downloads
  • #50
  • Mar 29, 2011 7:11pm Mar 29, 2011 7:11pm
Thanks i was wondering why i was not having any trades after downloading new ones.
Intraday only.
  • #51
  • Edited 8:28pm Mar 29, 2011 8:08pm | Edited 8:28pm
Quoting navk
Thanks i was wondering why i was not having any trades after downloading new ones.

haha ... i thought i was doing something wrong not daring to speak up like a child
福 子 Victor V
  • #52
  • Mar 29, 2011 8:33pm Mar 29, 2011 8:33pm
Quoting FXEZ
Apologies to any who downloaded the latest version of SnowRoller and who haven't been having any trades. The problem is (small bug in the CloseWorst function) fixed now and you can download the updated file here:

https://sites.google.com/site/marketformula/
What's your opinion on lot size? Say the size for every 10,000 balance?

If i want to start with more than the minimum requirement by the broker, how shall i adjust accordingly?

Thanks.
福 子 Victor V
  • #53
  • Mar 29, 2011 8:33pm Mar 29, 2011 8:33pm
Quoting newark18
Here are some scripts
Thanks, I attached those to the first post.
  • #54
  • Mar 29, 2011 8:45pm Mar 29, 2011 8:45pm
Quoting camvcvoo
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...
i am not an expert in EA, but i saw this several times. it happens when u r selecting a trade from broker history using POSITION instead of TICKET. If there are multiple EA trying to get the orders and close at the same time, the position might have altered. we should always check by if condition

OrderSelect(i,SELECT_BY_POS,MODE_TRADES);

if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)){
// put the closing code

}

if EA keeps trying to close (as long as the close condition is met), then at some point it will succeed, but meanwhile ur close condition has elapsed then u r stuck with that trade

if u know the ticket number, thats the best way to close.
  • #55
  • Mar 29, 2011 8:47pm Mar 29, 2011 8:47pm
Quoting camvcvoo
What's your opinion on lot size? Say the size for every 10,000 balance?

If i want to start with more than the minimum requirement by the broker, how shall i adjust accordingly?

Thanks.
There is a built-in setting: MaxTrades that determines the total # of trades that can be opened for a given Magic Number. This will put a limit on the margin used plus or minus floating P&L. If you know how much capital is tied up with a 1 lot, you can multiply it out for 100 or 120 (new default) open trades, assuming the broker doesn't use different margin rates per pair. If they do it makes the calculation prohibitive. It's best not to run out of margin though so I suggest leaving some room just in case.

As for lot size, you'll have to test it out on demo per your broker and the pairs you usually trade, along with the MaxTrades settings you use to see what floating level of margin you're comfortable with.

Did you get Basket_Stats to work with MIG? I have it running on my end and I noticed you edited your message?
  • #56
  • Mar 29, 2011 9:08pm Mar 29, 2011 9:08pm
Quoting FXEZ
There is a built-in setting: MaxTrades that determines the total # of trades that can be opened for a given Magic Number. This will put a limit on the margin used plus or minus floating P&L. If you know how much capital is tied up with a 1 lot, you can multiply it out for 100 or 120 (new default) open trades, assuming the broker doesn't use different margin rates per pair. If they do it makes the calculation prohibitive. It's best not to run out of margin though so I suggest leaving some room just in case.

As for lot size, you'll have to test...
Got your idea about lot size and margin.

Yup, the Basket_Stats is working now.

Thanks for your continuous support.

Cheers!

福 子 Victor V
  • #57
  • Mar 29, 2011 9:17pm Mar 29, 2011 9:17pm
I am wondering what happens when I close MT4 and reopen. Is it supposed to close all positions and start from scratch?
  • #58
  • Mar 29, 2011 9:23pm Mar 29, 2011 9:23pm
No, but I think it did it on mine on one of the previous updates and I'm not sure why. But it's not doing it now so I think one of the fixes solved it.

Did it close all positions and do you have the latest version? I keep updating this EA as I find small bugs and hopefully not introduce any new ones! There is supposed to be a global variable that keeps track of your previous highest balance and the close all routine is only supposed to trigger when that level is breached.
  • #59
  • Mar 29, 2011 9:27pm Mar 29, 2011 9:27pm
I updated to the latest and retested without issues. Thanks.
  • #60
  • Mar 29, 2011 10:28pm Mar 29, 2011 10:28pm
I don't know what it is but I am getting multiple entries (i.e., 3 GU buys all around the same price).
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