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

  • #221
  • Apr 19, 2011 5:19pm Apr 19, 2011 5:19pm
Quoting tazmaan
what thread is the rattrader thread? guess i outta take a look and catch up
These two threads talk about Rat trader.

http://www.forexfactory.com/showthread.php?t=279926
http://www.forexfactory.com/showthread.php?t=289797
  • #222
  • Apr 19, 2011 8:42pm Apr 19, 2011 8:42pm
I am still testing snowroller. After being down over $1k, it is about BE. It definitely does a good job getting back to BE when in a loss position but I am wondering why it cannot accumulate anything much more than that.

Maybe you should consider a take profit function based on the realized losses since the last take profit. In other words, EJ starts at zero, goes into $100 DD, and then finally reaches 10 pips profit overall so the EA takes profit. If the EA goes $50 into drawdown, is the EA taking profit after the unrealized gains surpass that $50 drawdown? Or is it looking at the overall closed PnL of the pair? Me thinks, IMHO, that there is no functionality to increase profit because the TP function might be based on the closed PnL of the pair rather than building upon past gains. I hope I explained that properly.

Side question: Can you add something to you basket stat indicator? Can I get a column for closed PnL for the day? This way, I know how much I need to make up if a pair goes into DD. I could use this for me EA.

If you don't have time, no worries. Good luck. I am rooting for you.
  • #223
  • Apr 20, 2011 3:36am Apr 20, 2011 3:36am
Quoting newark18
I am still testing snowroller. After being down over $1k, it is about BE. It definitely does a good job getting back to BE when in a loss position but I am wondering why it cannot accumulate anything much more than that.
I'm puzzling over the same question. Something must be causing negative drag on the account. There is a stop loss that gets hit repeatedly due to the relative ease of floating back and forth 10 pips. The Rat Trader EA uses what appears to be an intraday/overnight breakout, and this also has the effect of limiting the number of trades that the EA can take. Maybe by combining the entry mechanism of that EA with the order handling machinery of this EA it would work. But I'm a bit indimidated to tackle that project due to the large size of the EA and my time right now.

Quote
Maybe you should consider a take profit function based on the realized losses since the last take profit....

I think that's what it does. There is a global variable called SRMaxEquity that should only get reset to a new value when the CloseAll routine triggers for a maximum profit or a maximum loss. I don't think the loss triggered it so all this time it was floating. I too am impressed at the resiliency of this EA. Getting some positive tailwinds under it would help to move up to new equity highs faster. Maybe a change in the order entry method?

Quote
Side question: Can you add something to you basket stat indicator? Can I get a column for closed PnL for the day? This way, I know how much I need to make up if a pair goes into DD. I could use this for me EA.

If you don't have time, no worries. Good luck. I am rooting for you.


I'm not sure what you mean exactly. The iProfittracker indicator does a breakout by day, week etc. Is that what you mean? Something besides Closed P&L? I run both iProfittracker and Basket_Stats on different charts for the same account.
Attached Images
  • #224
  • Apr 20, 2011 3:38am Apr 20, 2011 3:38am
This account was started 4/12 so just over a week and it's managed to get out of a rather sizeable drawdown. The real question is whether it can learn to actually add to gains in its current form?
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #225
  • Apr 20, 2011 6:14am Apr 20, 2011 6:14am
Quoting FXEZ
I'm puzzling over the same question. Something must be causing negative drag on the account. There is a stop loss that gets hit repeatedly due to the relative ease of floating back and forth 10 pips. The Rat Trader EA uses what appears to be an intraday/overnight breakout, and this also has the effect of limiting the number of trades that the EA can take. Maybe by combining the entry mechanism of that EA with the order handling machinery of this EA it would work. But I'm a bit indimidated to tackle that project due to the large size of the EA and...
I completely agree that combining the two EAs is the way to go. By limiting the time the EA trades to only volatile times, using Rat entries with your order handing functionality, I think will work pretty well. Rat EA almost always goes into profit after some point. But I noticed some errors in entries. And that is limiting the profitability right now. So I will get my coder to fix that particular issue.

I forgot about iProfitTracker. I will use that. Thanks.
  • #226
  • Apr 20, 2011 6:17am Apr 20, 2011 6:17am
I'm still testing version 1.005 but I just completed v 1.007 which builds upon 1.005 as well as some testing and research that I've been doing. I think the money management aspect is getting closer to the right numbers. With the defaults out of the box you get a 2.5% stop loss for a single symbol and for all symbols, and a 10% profit target for single and all symbols. v1.007 is still using a 30 pip stop and can open a limited number of losing trades (4).

I just started testing it on 5 Minute charts. It should work on 15 minutes and probably 1 minute but with smaller avg profit per trade, but didn't look too good on 30 mins and above. YMMV

I also finished a couple of MQL code tutorials if anyone is interested in learning some MQL.

You can get all of it at the Market Formula site.
  • #227
  • Apr 20, 2011 7:05am Apr 20, 2011 7:05am
Today SnowRoller 1_005 open 16 trades on H1 Charts. EA won 12, lost 4.

I will reduce lost with SL writet on 20pip, TP its 10pip.
Attached Image (click to enlarge)
Click to Enlarge Name: 20-4-2011.jpg Size: 83 KB
  • #228
  • Apr 20, 2011 10:24am Apr 20, 2011 10:24am
can someone help me complete this? I worked to create a basket stat indicator with an object layer. I did this so that we can add more than one indicator on one chart. This is important, for me, because my rat EA has several entries with different magic numbers. And I would like to monitor the profitability of those different entries. So I plan to make it so I can add 5 to a chart.

But I am horrible at coding. I need someone to make it nicer (i.e., place title on top of the chart to enable me to differentiate between them). I started that process but it is not showing up. Please?

Now what would be cool is if we can see the profitability of entries based on when it was entered. But that is a different issue entirely.
Attached File(s)
File Type: mq4 Basket_Stats 3.mq4   7 KB | 546 downloads
  • #229
  • Apr 20, 2011 10:48am Apr 20, 2011 10:48am
Another idea which may help profitability:

Instead of having fixed SL per entry, can you code it to be more dynamic? I don't think dynamic is the right word but...

Entry 1 = Buy 1 lot at 1.0090 with SL of 1.0070.
Entry 2 = Buy 1 lot at 1.0110

At this point, BE for all open orders = 1.0100. But you were willing to risk $200 originally, so there is no harm keeping that risk. Now we have 2 lots with average price of 1.0100 so to keep original risk, SL for all open orders is 1.0090.

Entry 3 = Buy 1 lot at 1.0130

At this point, we have 3 lot with average price of 1.0110. We can now have SL around 1.0103 which is 27 pips from current price and still keep our original risk.

The point is to increase the SL of the later entries by using the profit of the earlier ones. This will enable to entries to better withstand minor retraces so that if it continues, the position will have greater leverage which equals more profit.

You can start this from entry 3 rather than entry 2 if desired. I would probably like to see it start from entry 3. That way you nibble your way until you find momentum and once you find it then you can build your position upon it. If no momentum, then the nibbling will prevent too much DD.

The key to snowroller is to have multiple positions so I think we need to figure out a way to keep as many possible for when momentum strikes.
  • #230
  • Apr 20, 2011 10:57am Apr 20, 2011 10:57am
This is my v1005 that's been running awhile. Hopefully we can solve the lack of profit increase, it definitely likes to keep itself around breakeven. I think about 3% gain was as high as it hit for me, then proceeded to give it all back and go negative again a few times. It's back up at the moment but if past history repeats, it'll be back down again soon. Hopefully we can figure out some way of trapping these profits its capable of attaining.
Thanks for the all the work FXEZ

http://www.myfxbook.com/widgets/103808/large.jpg
  • #231
  • Apr 20, 2011 11:17pm Apr 20, 2011 11:17pm
I've been doing testing individually on a number of currency symbols and have found that the presets may need to be tweaked on this EA for better performance. I'm attaching my current 1.007 settings file here.

On a side note, I opened a MIG demo at the same exact time as with IBFX, and with the same chart periodicity and all settings the same AFAIK and the MIG was down 1K on a 10K acct during the same time the IBFX demo was down $400 on a 10K account. I'm not sure if spreads are that different between the two or if it boils down to something else.

Anyway, here is the settings file for 1.007 I'm currently testing: (remove .txt from the end of the file name).

Edit: you can also take the lazy way out and just re-download SR version 1.007 as the updated settings have now been uploaded in SnowRoller_1_007.
Attached File(s)
File Type: txt sr_1_007.set.txt   < 1 KB | 386 downloads
  • #232
  • Apr 20, 2011 11:23pm Apr 20, 2011 11:23pm
Also, when you first put your EAs on a chart, make sure to check under Tools/Global Variables (F3) SRMaxEquity. If SRMaxEquity is left over from a previous run, it could trigger an immediate closeout as soon as the first trade is entered. This is what has been causing the bug with immediately opened and then closing trades on the first trade. It essentially resets the global variable, but I think I know how to fix this in the code for later.
  • #233
  • Apr 21, 2011 1:56pm Apr 21, 2011 1:56pm
FXEZ,

What are your thoughts on not allowing more entries on a pair unless all open entries are in profit?
For example, see attached gbpusd chart, alot of those buys that turned around to get stopped out and decrease the equity could have been skipped. Let me know your opinion on it.

http://my.jetscreenshot.com/3462/20110421-bczd-99kb

http://my.jetscreenshot.com/3462/20110421-bczd-99kb
  • #234
  • Apr 21, 2011 4:03pm Apr 21, 2011 4:03pm
Quoting tazmaan
FXEZ,

What are your thoughts on not allowing more entries on a pair unless all open entries are in profit?
For example, see attached gbpusd chart, alot of those buys that turned around to get stopped out and decrease the equity could have been skipped. Let me know your opinion on it.

http://my.jetscreenshot.com/3462/20110421-bczd-99kb

http://my.jetscreenshot.com/3462/20110421-bczd-99kb
It's possible to force the Snow Roller Expert Advisor to only take new trades when the sum of all open positions is in profit by setting MaxTradesThisLoss. Unfortunately as you will find with 1.005, this variable has been uncommented and the functionality replaced by MaxNegExcursion. If you set MaxNegExcursion to 0 it should only add new positions that are better than the starting position. But neither condition will guarantee that all open positions are in profit before opening new positions.
  • #235
  • Apr 25, 2011 2:53am Apr 25, 2011 2:53am
Quoting newark18
can someone help me complete this?...

I decided on a way to accomplish the ability to place multiple versions of Basket_Stats on a single chart and to arrange them so they can track MagicNumber and can also be seen. You can now determine which corner of the screen anchors the indicator, and have the ability to set a left/right and top/bottom offset so you can stack indicators side by side or on top of each other on a single chart with different magic numbers.

List of MT4 Indicators for download (more to come)
Basket_Stats inputs explained
  • #236
  • Apr 25, 2011 6:22am Apr 25, 2011 6:22am
Quoting FXEZ
I decided on a way to accomplish the ability to place multiple versions of Basket_Stats on a single chart and to arrange them so they can track MagicNumber and can also be seen. You can now determine which corner of the screen anchors the indicator, and have the ability to set a left/right and top/bottom offset so you can stack indicators side by side or on top of each other on a single chart with different magic numbers.

List of MT4 Indicators for download (more to come)
[url="https://sites.google.com/site/marketformula/basket-stats/basket_stats-mq4-inputs"]Basket_Stats...
Very cool, thanks!
  • #237
  • Apr 25, 2011 6:51am Apr 25, 2011 6:51am
An additional tool for currency basket analysis has been uploaded to the Market Formula site. The indicator is described below and it is designed to break out hourly results by currency and by magic number. The attached picture and the writeup on the site should answer most questions.

Basket_Stats_Time.mq4 MT4 Indicator
Basket_Stats_Time.mq4 is a Metatrader indicator that allows profit and loss breakouts by hour and by currency. The purpose of Basket_Stats_Time.mq4 is to help answer the question, what times are best to trade with my strategy for each symbol? Users are able to select whether times refer to open trade or closed trade time. Additional settings include user-specified number of decimals, column width as well as the familiar settings available in Basket_Stats.

I'm planning to use this information to set the Time1Start and Time1Stop variables within SnowRoller in my testing to improve results. It might also vote some of the worst performing symbols off the island.
Attached Image (click to enlarge)
Click to Enlarge Name: Basket_Stats_Time.png Size: 22 KB
  • #238
  • Apr 25, 2011 7:14am Apr 25, 2011 7:14am
Quoting FXEZ
I decided on a way to accomplish the ability to place multiple versions of Basket_Stats on a single chart and to arrange them so they can track MagicNumber and can also be seen. You can now determine which corner of the screen anchors the indicator, and have the ability to set a left/right and top/bottom offset so you can stack indicators side by side or on top of each other on a single chart with different magic numbers.

List of MT4 Indicators for download (more to come)
[url="https://sites.google.com/site/marketformula/basket-stats/basket_stats-mq4-inputs"]Basket_Stats...
Check it out. Very awesome

http://i51.tinypic.com/oiwxsp.gif
  • #239
  • Apr 25, 2011 7:15am Apr 25, 2011 7:15am
Quoting FXEZ
An additional tool for currency basket analysis has been uploaded to the Market Formula site. The indicator is described below and it is designed to break out hourly results by currency and by magic number. The attached picture and the writeup on the site should answer most questions.

Basket_Stats_Time.mq4 MT4 Indicator
Basket_Stats_Time.mq4 is a Metatrader indicator that allows profit and loss breakouts by hour and by currency. The purpose of Basket_Stats_Time.mq4 is...
You have been busy. This is exactly what I have been looking for.
  • #240
  • Apr 25, 2011 9:57pm Apr 25, 2011 9:57pm
Quoting newark18
Check it out. Very awesome

http://i51.tinypic.com/oiwxsp.gif
Looks great! Like your very own pyramid of profit!
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