Trading the Sixths with Snowballs
This EA is inspired by "The Beast" and lets "Snowball EA" manage the trades.
You should know how the Beast got into trading and how Snowball got into managed trading:
Beast: http://www.forexfactory.com/showthread.php?t=263253
Snowball: http://www.forexfactory.com/showthread.php?t=239717
Snowball EA is basically a trading manager. I copied one sixth of the code from Beast to make Snowball EA an automated trading robot. Run a backtest to understand the EA better. Not required, but for your visual enjoyment you can append
SIXTHS floating SQ.mq4 indicator. The bar counts should match.
illustrate:
- Save Sixthsnowball.mq4 in the Expert folder
- Save common_functions.mqh and offline charts.mqh in experts/includes folder
OOTB is suitable for H4 charts as shown below for Nanning Bob V5.
Set the bar count to zero and attach it to the H1 chart for the most aggressive trade entry. (But there is no secondary transaction yet)
Don't forget to set StopSixths to false.
The little green line you see on the chart is the break-even line. If you set the automatic take profit level to 2, it means that it will close trades 2 levels above/below BE.
This is a new EA so no results yet. But I believe this is actually 99.99% profitable. But don’t believe me until you try it. Ha ha!
enjoy!
PS: I'm not a coder. I only know how to copy and paste. Please ask others about improvements and bug fixes. Thank you!
renew:
January 6, 2011: Game 6 itself was good, but I added TMA to the strategy to minimize losses. But I don't know how to automate it, so I just set StopSixths to true until the TMA pops up the alert. I'm trying to set a limit of trading 5 Sixthball EAs at the same time. Running too many will cause the platform to hang. I'm hoping someone can help us merge the TMA into the sixth snowball. Basically, sell high and buy low. Sell when the price is close to the TMA upper limit and the upper six lines. Buy when the price is close to the TMA lower track and lower six lines.
Stopping distance calculation: http://www.forexfactory.com/showpost...4&postcount=24
You should know how the Beast got into trading and how Snowball got into managed trading:
Beast: http://www.forexfactory.com/showthread.php?t=263253
Snowball: http://www.forexfactory.com/showthread.php?t=239717
Snowball EA is basically a trading manager. I copied one sixth of the code from Beast to make Snowball EA an automated trading robot. Run a backtest to understand the EA better. Not required, but for your visual enjoyment you can append
SIXTHS floating SQ.mq4 indicator. The bar counts should match.
illustrate:
- Save Sixthsnowball.mq4 in the Expert folder
- Save common_functions.mqh and offline charts.mqh in experts/includes folder
OOTB is suitable for H4 charts as shown below for Nanning Bob V5.
Set the bar count to zero and attach it to the H1 chart for the most aggressive trade entry. (But there is no secondary transaction yet)
Don't forget to set StopSixths to false.
The little green line you see on the chart is the break-even line. If you set the automatic take profit level to 2, it means that it will close trades 2 levels above/below BE.
This is a new EA so no results yet. But I believe this is actually 99.99% profitable. But don’t believe me until you try it. Ha ha!
enjoy!
PS: I'm not a coder. I only know how to copy and paste. Please ask others about improvements and bug fixes. Thank you!
renew:
January 6, 2011: Game 6 itself was good, but I added TMA to the strategy to minimize losses. But I don't know how to automate it, so I just set StopSixths to true until the TMA pops up the alert. I'm trying to set a limit of trading 5 Sixthball EAs at the same time. Running too many will cause the platform to hang. I'm hoping someone can help us merge the TMA into the sixth snowball. Basically, sell high and buy low. Sell when the price is close to the TMA upper limit and the upper six lines. Buy when the price is close to the TMA lower track and lower six lines.
Stopping distance calculation: http://www.forexfactory.com/showpost...4&postcount=24
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