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Snow Roller - An Avalanche of Profits

  • #141
  • Apr 5, 2011 9:27am Apr 5, 2011 9:27am
Quoting E2u
I use Classic and I downloaded it yesterday. I did not change anything but I think this is the key to the profit with my setfile. http://sites.google.com/site/pipdefender/
Take away txt from pipdefender.set.txt and put it under presets.
You have to open one chart for Pipdefender and you have Snow Roller on the other. Both with same currency.
I have asked the author of Pipdefender to make his EA to take care of whole account from one chart and now I ask the author of Snow Roller to do the same
For anyone not happy about running an .exe file from an unknown source, there is an alternative fully open source trade management EA here:
http://www.forexfactory.com/showpost...99&postcount=1

  • #142
  • Apr 5, 2011 9:40am Apr 5, 2011 9:40am
Quoting macman
For anyone not happy about running an .exe file from an unknown source, there is an alternative fully open source trade management EA here:
http://www.forexfactory.com/showpost...99&postcount=1

I use Steves MPTM every day. There is a big different between PipDefender and MPTM. Here is PipDefender with all the files and not exe
Attached File(s)
File Type: zip Pipdefender.zip   104 KB | 599 downloads
  • #143
  • Apr 5, 2011 10:56am Apr 5, 2011 10:56am
Quoting zk74
Can you edit EA and set TP on 10pip and SL to 20pip? Thanks!!

The EA already offers a stop loss and take profit. You can change the numbers by updating the inputs:
takeprofit (deafult 0 = not used)
stoploss (default 0 = not used)

These values are in pips (not pippettes). So just put in 10 and 20 into takeprofit and stoploss respectively.

Please post the results of your test.
  • #144
  • Apr 5, 2011 10:57am Apr 5, 2011 10:57am
Because of FXCM leverage (1:200), I have to stop my test: with 2.6 lots, margin reaches too low levels very quickly. Now, account up 33.7% in 27 hours..........

I have another test with Alpari UK, starting lot size: 0.5, 2.47% up in 3 hours, max DD: 2.5%

I want to compare the results with E2u version, let´s see.....
  • #145
  • Apr 5, 2011 11:08am Apr 5, 2011 11:08am
I am in huge DD after being up quite a few pips. This is starting to look like a martingale strategy in the way that it adds positions to losing trades.

http://www.mt4i.com/users/snowroller/stats
  • #146
  • Apr 5, 2011 11:17am Apr 5, 2011 11:17am
Quoting newark18
I am in huge DD after being up quite a few pips. This is starting to look like a martingale strategy in the way that it adds positions to losing trades.

http://www.mt4i.com/users/snowroller/stats
Same here. Demo account started at $95000.00 went up to 109000, now at 71000,all in two days.

Still I feel is a good system , may need some fine tuning
  • #147
  • Apr 5, 2011 11:18am Apr 5, 2011 11:18am
Quoting zk74
Why EA open more position on the same pair if they are stil open and negative?
I have been working on this. First, let me explain how I view this EA. I don't view it as a straight anti-grid strategy. I've tested the strict automated anti-grid and the results are not pretty = very large drawdowns that can go on for months.

This EA uses a simple pattern to allow only longs or only shorts to be entered at a time. I did some messing around last night and uploaded a version 1.01, but it is not ready for human consumption yet (after viewing my reports this morning). It was an attempt to make the trend pattern adaptive for each chart in an automated manner.

So in practice SnowRoller places entries in a sort of TWAP manner - using end of bar as the Time weighting. It is done to get a better average price, and so there are overlaps in entries.

This being said, I have now settled on a version 1.00 of SnowRoller.mq4 and have uploaded it to the site. It makes a small bug fix with CloseAll that allows opening of trades during a CloseAll routine. Two additional inputs were added:

Inserted Code
extern string version = "---Snow Roller 1.00---"; // version number
extern int TrendLookbackMins2 = 0;       // number of minutes to look back for trend pattern2

It is now possible to use TrendLookbackMins and TrendLookBackMins2 as a way to customize the accumulation process for an individual symbol. Might I make some suggestions? For the USD pairs, the defaults of 200 and 0 respectively should do pretty well. For the JPY pairs, try 200 and 1500. These numbers are based on testing I've done outside MetaTrader. You may find different / better values that work after doing some optimization of the values. Please report back your results. TrendLookBackMins & TrendLookBackMins2 are used in the following formula:

Inserted Code
double dTrend = iClose(Symbol(), PERIOD_M1, TrendLookbackMins)  - iClose(Symbol(), PERIOD_M1, TrendLookbackMins2);

This is basically Trend = (Close of TrendLookBackMins ago - Close of TrendLookBackMins2 ago)

For future updates that haven't been tested (except for bug fixes), I'm going to upload separate files with version numbers in the name. Does that work best for everyone trying to keep the versions straight?
  • #148
  • Apr 5, 2011 11:19am Apr 5, 2011 11:19am
Yes, me too, the big move in EUR/USD has eaten profits of all day..... a big movement without significant retracement is the danger for this kind of system.....
  • #149
  • Apr 5, 2011 11:27am Apr 5, 2011 11:27am
Quoting ES Trader
Same here. Demo account started at $95000.00 went up to 109000, now at 71000,all in two days.

Still I feel is a good system , may need some fine tuning
Guys see post # 147. I think giving EA users the ability to customize the directional filter by optimizing TrendLookbackMins and TrendLookbackMins2 will solve many/most of the problems. These markets go through waves. Right now it seems that the USD pairs are mostly ranging and the JPY pairs are mostly trending. Maybe I'm out in left field with that assessment but now you can validate your assumptions better if you disagree with me!
  • #150
  • Apr 5, 2011 11:35am Apr 5, 2011 11:35am
Hi

See my result, I think some modification to be need

Please

bye
ajentha
Attached File(s)
File Type: doc Snow Roller1.doc   323 KB | 355 downloads
  • #151
  • Apr 5, 2011 11:57am Apr 5, 2011 11:57am
Quoting newark18
I am in huge DD after being up quite a few pips. This is starting to look like a martingale strategy in the way that it adds positions to losing trades.

http://www.mt4i.com/users/snowroller/stats
Yes it seems to be getting caught on a few symbols with really large positions that draw the account down - this is not how the snowroller concept is supposed to work. I wonder if the stoploss per position would at least slow the bleed when the directional filter is causing entries in the wrong direction?

ajentha: I see your document and am working on it. Please provide feedback regarding possible solutions.
  • #152
  • Apr 5, 2011 12:06pm Apr 5, 2011 12:06pm
Hi,

100% support I can do,

Thank you

bye
ajentha
  • #153
  • Apr 5, 2011 3:01pm Apr 5, 2011 3:01pm
I got spammed with DD so I threw in Steves MPTM with hedge 700% when some orders was 80 pips minus. Hedge 700 % at –30 pips and hedge the hedge with 220%. I have hedge me out now with 3.5% profit today but I had 5% profit before 4 a clock GMT. Now I changed to the latest Snow Roller and I'm on the road again.
  • #154
  • Apr 5, 2011 3:24pm Apr 5, 2011 3:24pm
Quoting E2u
I got spammed with DD so I threw in Steves MPTM with hedge 700% when some orders was 80 pips minus. Hedge 700 % at –30 pips and hedge the hedge with 220%. I have hedge me out now with 3.5% profit today but I had 5% profit before 4 a clock GMT. Now I changed to the latest Snow Roller and I'm on the road again.
This is to anybody who downloaded during Monday's overnight session until I updated today. Make sure the version = 1.00. Version 1.01 is not ready for prime time. Re-download if you have the wrong version. You might also consider this: (see post 147 for more details)

Quote
It is now possible to use TrendLookbackMins and TrendLookBackMins2 as a way to customize the accumulation process for an individual symbol. Might I make some suggestions? For the USD pairs, the defaults of 200 and 0 respectively should do pretty well. For the JPY pairs, try 200 and 1500. These numbers are based on testing I've done outside MetaTrader. You may find different / better values that work after doing some optimization of the values.
  • #155
  • Apr 5, 2011 5:05pm Apr 5, 2011 5:05pm
Glad to hear from you FXEZ that that version 1.01 has bugs ... cause I couldn't really believe my eyes today ... it blew my 10k demo away into DD like nothing ... ant that after such a fine start on Monday !

Just a short question. Could you consider a trading time feature ? Cause I saw much gain being left on the table in the more quiet hours ... thx a lot for your thoughts.

Cheers, xxl
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #156
  • Apr 5, 2011 6:05pm Apr 5, 2011 6:05pm
Quoting xxl205
Glad to hear from you FXEZ that that version 1.01 has bugs ... cause I couldn't really believe my eyes today ... it blew my 10k demo away into DD like nothing ... ant that after such a fine start on Monday !

Just a short question. Could you consider a trading time feature ? Cause I saw much gain being left on the table in the more quiet hours ... thx a lot for your thoughts.

Cheers, xxl
Yes it is on the list, and sorry about 1.01.

I just uploaded a new version SnowRoller_1_001. As you can see I'm starting modestly. The other versions are still there so never fear. This version limits the adding to trades of up to 4 losing trades. The idea is to allow the TWAP to work within reason, but to limit the amount of damage that can be done by preventing so many adds to losing positions. Ultimately the Snow Roller concept is to add large positions to winning trades not to the losers. Just to be safe I'm also doing the JPY pairs with 200, 1500 for the TrendLookbackMins 1 & 2 variable respectively. I just started a 1 minute demo with this one. Download link is in my signature.
  • #157
  • Apr 5, 2011 8:27pm Apr 5, 2011 8:27pm
Quoting xxl205
Just a short question. Could you consider a trading time feature ? Cause I saw much gain being left on the table in the more quiet hours ... thx a lot for your thoughts.

Cheers, xxl
Starting trading at a given time is fairly straightforward. At the end trading time, do you close out all positions, or just not open any new positions and let the open ones close out normally? Or do you allow new trades to be added until a CloseAll or CloseThis routine then you quit trading? Probably just close all positions at the end time if it is enabled?
  • #158
  • Apr 5, 2011 9:35pm Apr 5, 2011 9:35pm
Quoting FXEZ
Yes it is on the list, and sorry about 1.01.

I just uploaded a new version SnowRoller_1_001. As you can see I'm starting modestly. The other versions are still there so never fear. This version limits the adding to trades of up to 4 losing trades. The idea is to allow the TWAP to work within reason, but to limit the amount of damage that can be done by preventing so many adds to losing positions. Ultimately the Snow Roller concept is to add large positions to winning trades not to the losers. Just to be safe I'm also doing the JPY pairs with...
I just build a local git repository to trace all the changes in the code, so I could go forward or reverse any change in code and also do modifications to it, test them and send them to you if they are usefull.

I'm doing a forward test since 19.00 GMT with the 1.0 versión, using PipDefender with E2U file settings, looks good, let it run till today 19.00 GMT to see how it had work.
By now .. only one "serious" DD, but that was because of PD setting of clossing all loosing positions if they was open more than 4h ago.

Testing with XTB Broker, 20K€ account, OOB settings with BalancePerLotSize 5000.0, this is a 0.1 account, so it's doing ops with 0.4
  • #159
  • Apr 5, 2011 10:12pm Apr 5, 2011 10:12pm
Hi

I'm sorry if I understand this wrong, but is the profit/loss/close being calculated as a percentage of the balance?

Thx

L.S.
  • #160
  • Apr 6, 2011 12:04am Apr 6, 2011 12:04am
Quoting lsousa
Hi

I'm sorry if I understand this wrong, but is the profit/loss/close being calculated as a percentage of the balance?

Thx

L.S.
Yes that's the basic idea. It looks at MaxEquity and creates a global variable named SRMaxEquity. The percentages used in the CloseAll routine draw upon that value and how much equity goes over the highest previous balance. I'm using the terms interchangeably here because MaxEquity is only calculated after a CloseAll routine, or the first time you start up the EA. There is also a way to pop based on balance - if MaxEquity is too far away you can still get a pop when open equity clears balance by the threshold amounts.

As an aside in case anyone is wondering, the other global variable SRCloseAll is set to zero by default, and when one of the routines is closing all positions it is set to 1. You can prevent new trades from happening by setting SRCloseAll to 1 (it won't force a close all). When SRCloseAll = 0 normal trading can occur.

So short answer yes.
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