I'm at least trying to start it into the direction where I expect the next big move. It seems after analyzing my own trading it is still some kind of bottom- (or top-)catching and I would have better results if i could wait a bit longer after a ...

Snowballs and the anti-grid

I also have another one running on USDJPY. I traded it short until yesterday and then reversed it to long while at level 3. Now it is at level 4 long. The magenta colored trend line has "stop" assigned to it (takeprofit): image equity: image

Trading the anti-grid with the snowball EA

The recommended account size when doing this with 0.1 lot is a few dozen kilo-dollars and when using 0.01 lot you should have at least a few thousand assigned to this strategy. Since the beginning of this cycle on 1st of June I have burned 1141$ in ...

Trading the anti-grid with the snowball EA

The problem in this case would be: how would I reopen this trade if price decides to immediately go up again? My goal when designing this was that whatever happens it is always guaranteed that I have exactly one trade at every grid step when I ...

Snowballs and the anti-grid

Update for today (still waiting): image equity (H1): image

Trading the anti-grid with the snowball EA

You can find the line in the mq4 file that reads: string name = "snow"; and change the name to something different. Don't use more than 5 characters or the name of the offline chart will be truncated because it will be constructed from this string, ...

Snowballs and the anti-grid

still waiting... image ...the equity curve does not yet give any reason for being nervous: image

Trading the anti-grid with the snowball EA

It consists of mql code that constantly monitors the open positions list and detects any changes in the net exposore (order was filled or a trade was opened or closed by an EA or the user) and if it has detected a change then it will create a ticket ...

Trading the anti-grid with the snowball EA

Here are two new screen shots, break even is now around 1.2120 The second chart is the equity curve, the red line is where I started the current cycle: image equity: image

Trading the anti-grid with the snowball EA

I just resumed it a few minutes ago, ~30 pips below Friday. BE is now another 30 pips lower. image

Trading the anti-grid with the snowball EA

You can always make sure that every EA will have its own data and does not interfere with any other instance, even if they are all using the same dll. Just make sure that you either have absolutely no global variables inside the dll and always ...

Creating Metatrader DLLs with Lazarus / Free Pascal

Yes, in hindsight you are right. I too think I should not have used the long mode, but for some reason I had the very strong belief that it would make a considerable up-move very soon and using the trailing entries in long mode would allow me to ...

Trading the anti-grid with the snowball EA

There are no errors, only warnings and they mean exactly what they say: some functions are defined but never used [in this EA]. It even writes that it has already figured out the proper solution on its own and will simply do the obvious and remove ...

Snowballs and the anti-grid

I believe it has something to do with the ECN version of metatrader. They must have made some changes in how they receive and handle the Bid and Ask prices. I have worked with Metatrader for a long time now and never noticed this (the EA i mentioned ...

What is open[]? Bid or Ask?

If the broker is not a complete bucket shop he will at least try to always offset the combined net position of all his customers (rounded to the nearest lot size) always and immediately with his own trades in the "real" market to fully hedge his ...

Forex "Behind The Scenes"

This seem to be a coincidence and may not be the case at any broker. I haven't tested all brokers but currently I have a demo account with PFGBest and there I always have a constant difference of exactly 0.00005 (0.5 pip) between Close[0] and Bid. I ...

What is open[]? Bid or Ask?

auto-tp 2 levels means 2 levels above break even. It will compensate all losses plus the additional profit from being 60 pips above break even. This additional profit (the total net profit of the cycle after all losses and gains) is estimated and ...

Trading the anti-grid with the snowball EA

Your negative experiences come from the wrong expectations you had and these wrong expectations come from the dishonest advertising of bot sellers and the wrong expectations / lack of knowledge that many freeware bot authors have (probably for the ...

Advantages of Expert Advisor (ROBOT)

I should change the text on the website ;-) I initially started to try to trade this on breakouts only but I have found myself now most often trying to use it to catch tops and bottoms. (If i zoom out to higher timeframes there is sometimes also an ...

Snowballs and the anti-grid

There is no difference concerning market orders. In the end it does the same thing that is done when you manually press the button, the only difference is that it can theoretically react faster to the fact that it has been slipped or in case of a ...

Advantages of Expert Advisor (ROBOT)