This EA is inspired by "The Beast" and letting the "Snowball EA" to manage
the trades.
You should know how The Beast enters the trades and how the Snowball
manages the trades:
The Beast: http://www.forexfactory.com/showthread.php?t=263253
Snowball: http://www.forexfactory.com/showthread.php?t=239717
Snowball EA is basically a trade manager. I copied the sixths codes from the
beast to make the snowball EA to become an automatic trading robot. Run a
back test to understand the EA better. It's not needed but for your visual pleasure, you can attach
SIXTHS Floating SQ.mq4 indicator. The barcount should match.
INSTRUCTIONS:
- Save sixthsnowball.mq4 in the experts folder
- Save common_functions.mqh and offline_charts.mqh in the experts/include folder
OOTB is for H4 chart as per Nanningbob's V5.
Set barcount to zero and attached to H1 chart for the beast way of trade entry. (But no secondary trades yet)
Don't forget to set StopSixths to false.
The small green lines that you see on your charts are the break even lines. If you set the auto tp to 2, it means it will close the trades 2 levels above/below BE.
This is a new EA so no results yet. But I believe that this is virtually 99.99% profitable. But please don't believe me until you try it. Lol!
Enjoy!
PS: I'm not a coder. I only know how to copy and paste. Please ask someone else for improvements and bugs fixing. Thank you!
UPDATE:
06-Jan-11: The sixths itself is good but I am adding TMA to the strategy to minimize drawdown. But I do not know how to automate it so I would just set StopSixths to true until an alert popped out from TMA. I'm trying to set a limit of 5 sixthsnowball EAs trading at the same time. Running too many will make the platform hang. I hope someone can help us to incorporate TMA to the sixthsnowball. It's basically sell high and buy low. Sell when the price is near TMA upper band and upper sixths line. Buy when the price is near TMA lower band and lower sixths line.
Stop distance calculation: http://www.forexfactory.com/showpost...4&postcount=24
the trades.
You should know how The Beast enters the trades and how the Snowball
manages the trades:
The Beast: http://www.forexfactory.com/showthread.php?t=263253
Snowball: http://www.forexfactory.com/showthread.php?t=239717
Snowball EA is basically a trade manager. I copied the sixths codes from the
beast to make the snowball EA to become an automatic trading robot. Run a
back test to understand the EA better. It's not needed but for your visual pleasure, you can attach
SIXTHS Floating SQ.mq4 indicator. The barcount should match.
INSTRUCTIONS:
- Save sixthsnowball.mq4 in the experts folder
- Save common_functions.mqh and offline_charts.mqh in the experts/include folder
OOTB is for H4 chart as per Nanningbob's V5.
Set barcount to zero and attached to H1 chart for the beast way of trade entry. (But no secondary trades yet)
Don't forget to set StopSixths to false.
The small green lines that you see on your charts are the break even lines. If you set the auto tp to 2, it means it will close the trades 2 levels above/below BE.
This is a new EA so no results yet. But I believe that this is virtually 99.99% profitable. But please don't believe me until you try it. Lol!
Enjoy!
PS: I'm not a coder. I only know how to copy and paste. Please ask someone else for improvements and bugs fixing. Thank you!
UPDATE:
06-Jan-11: The sixths itself is good but I am adding TMA to the strategy to minimize drawdown. But I do not know how to automate it so I would just set StopSixths to true until an alert popped out from TMA. I'm trying to set a limit of 5 sixthsnowball EAs trading at the same time. Running too many will make the platform hang. I hope someone can help us to incorporate TMA to the sixthsnowball. It's basically sell high and buy low. Sell when the price is near TMA upper band and upper sixths line. Buy when the price is near TMA lower band and lower sixths line.
Stop distance calculation: http://www.forexfactory.com/showpost...4&postcount=24
Attached File(s)
sixthsnowball.mq4
35 KB
|
1,171 downloads
SIXTHS Floating SQ.mq4
5 KB
|
1,043 downloads
TMA CENTERED.mq4
8 KB
|
888 downloads
|
Uploaded Jan 6, 2011 8:05am