Snow Roller - An Avalanche of Profits

I'm not sure how the time limits will work. The 003 EA seems to spend quite a bit of time in DD before the occasional spike in equity to take it to new highs. I've considered making a Basket_Time stats indicator as a companion to the basket_stats indicator. That way it would be easier to tell what entry times per pair actually were profitable.

I am considering a version that doesn't do overlapping trades. I've noticed the same thing and it seems to not be optimal margin usage or may lead to too many stop outs which makes it harder to go to the next level. I guess I could test that theory by running a non-overlapping version side-by-side and comparing the results.

I'm still testing though not as much time to be here on FF lately. My current balance on the 003 demo:

HI FXEZ,

stop los and TP dont work, CAN YOU FIX THAT.

Thanks.

The TP and SL should work on versions 1.00, 1.001, 1.002 and 1.003. I haven't been back through the SnowRoller_Classic code. Which version are you having difficulty with?

the new 1.003, for single pair dont work, its work for all par to close!!!

The stop loss on 1.003 is set to be on by default for a single order and is at 30 pips. It uses the stoploss input, and the TP is set via the takeprofit input. Are you getting errors because I've noticed no problems with the stoploss on my demo - it seems to work just fine.

Edit: by the way, the SL is not placed on the server - it is held and executed as the OrderClose function when the level is reached.

I uploaded a new version of Snow Roller to the site. It is built upon v1.003 with some notable changes.

The defaults for buysellstep was increased to 10 pips, that should lead to fewer overlapping trades and wider spacing.

The default for BalancePerlotsize was doubled to 1000.0 to reduce size traded per account size.

Both of these changes were to allow removal of the MaxTradesAll and MaxTradesThisLoss. MaxTradesAll was hitting the wall on the demo for 13 pair meaning size wasn't distributed efficiently between the pairs. MaxTradesThisLoss is replaced by MaxNegExcursion which is the number of pips of negative equity excursion that is allowed while still opening a new position. This should provide an area where some limited accumulation should be able to occur before the stoploss is hit. MaxNegExcursion should probably be a number tied to stoploss to prevent entry/stop/entry/stop etc. The defaults for MaxNegExcursion and stoploss are 30 (pips). MaxTradesThis is still set to 20 and should prevent much of the over-trading on a single symbol.

A small code sequence was taken out of the entry condition that *MAY* have been responsible for lots of churning. It's hard to know for sure with all the moving parts but so far the EA doesn't seem to miss this small segment.

I took down some of the older versions as I want testers to focus on 1.003 and 1.005. The older versions are available on request. You can download version 1.005 here.

Also, check out a new section called "MQL Code." I put together a basic 4 page walk-through on how to create a close all script that uses several of MQL's order functions and gives code explanations.

Can I use new version on 15M charts?

Try it and post back your results!

Why EA always when i open new demo account, close first trade immediately ?

Hello,

what its basic that EA open a trade? I send you pictures from opened EURJPY trade, why EA openet BUY trade if its R1 riched?? Its was -30$ but EA dont close the trade!!!

Hoppe you anderstend what i mean. Sorry for bad English.

Regards, Zvone

10:01 EURJPY -49.88$
10:05 EURJPY -42.25$ EA Closed

I notice the immediate close also. It may have to do with the global variable but I don't have any more information on it than that. It is a bug but I haven't been able to spot it in the code yet.

Stops and targets are based on bar close (or the start of a new bar, depending on how you look at it) so if you're using a longer time frame then you might see some bigger stop outs than the pure 30 pips. I hope that answers the question.

Hi FXEZ

As you stated before, what kills this EA are endlessly ranging markets;

Now, even though this bot has built in code to determine the direction of the trend (which I am assuming is what the input "TrendLookBackMins" is for) this just gets us blindly "rolling" in the direction of this calculation (please correct me if I'm wrong).

My point with all this being that given that ranging markets make it difficult for this bot why not include some sort of "ranging market filter". For example, Steve Hopwood and Scooby-Doo (2 great contributors here at FF) use the 20 period RSI to determine wether the market is ranging or trending: Between 45 and 55 the market is ranging, above and below those values the market is trending and new orders may be opened.

I'm guessing this would not be so hard to implement into the bot and I think it could be well worth trying out,

I'd appreciate any comments on this matter! Just trying to cooperate a little on making this bot better and profitable in the long run

Best Regards,

what about this statement? The two conditions are the same.
if(t >= Time1Stop && t >= Time1Stop) {

Oops. I was toying around with two time variables but found it too complex so took out the 2nd variable but apparently forgot about that line. haha at least I have the Time1Stop condition covered.

FXEZ

Can you fix EA that stops when SL and TA are reach??

Thanks.

Hi Everyone!

I'm testing this EA from Tuesday and I had excellent results($1200) on the first day with the original SnowRoller, but yesterday just had $144 with 11 pairs (the first attachment), and today standing on the second attachment.

I would be glad to read some tips&tricks from you about settings and interferes you made when the EA's working.

Thanks for sharing and discussing this strategy, and i hold on my test(hope to hook to the live account soon)

I am still testing the latest EA. And it has been hovering around BE for the most part. It will go into a little loss and the EA will bounce back into profit. But not much profit and not for long.

So far this is the safest version.

Yeah, agree, it does a pretty good job of not losing, now we need to figure out how to get it to make some profit (and keep it)

I'm getting similar results with 1.005 as you guys. I'm testing different settings, new versions, old versions and running some tests outside MT4 to get a reality check. My rattrader demo has actually performed the best of the bunch since Sunday. I didn't pick a direction but it's doing basically what the Snow Roller concept calls for - negative balance but positive net and open equity.

To zk74 - I'm happy with the stops and profit targets as they are. An end of bar stop loss and profit target minimize stopouts and allow profits to run a bit more. Losses do get enlarged from time to time but I think overall it works much better to put a time on a stop loss to minimize the number of times it is hit.

what thread is the rattrader thread? guess i outta take a look and catch up

Interesting that you posted that. I started up a new demo based on trading both sides. I choose a pair that looks like it is going to break out but I just don't know which direction. It may be hitting support and sort of consolidating there. And I place the EA on with both sides turned on. When there is momentum, the EA goes into profit.

When you are able to choose a side correctly, it is a bit better. But the way this EA works, you can make money by picking breakouts even without direction. Remember that it needs to be daily or weekly breakouts. You want this thing trading in one direction for at least two days. One day will only get you to BE. Two days = big profits.