Snowballed MT5
- Experten
- Xingming Chen
- Version: 3.0
- Aktualisiert: 20 Januar 2023
- Aktivierungen: 7
Strategy Summary & Advantages:
- It's a full-automatic short-term trading EA based on the advanced technic, it sells out when overbought and buys in when oversold, and makes profit while the market is rolling back.
- No Martingale, no Grid, no Hedging, no Averaging, using low stoploss for all trades (defaults from 30 pips to 100 pips).
- It is especially designed to avoid slippage, no Breakout, no Night Scalper, it can makes the large lot of trade.
- Using default settings and buid-in technical parameters, no need to do the tedious adjustment working.
- The average of position holding time is about 3 hours, the maximum is 15 hours.
- With protect function of account drawdown.
* The real signal (default settings): https://www.mql5.com/en/signals/1607553
* The MT4 version of this EA: https://www.mql5.com/en/market/product/90202
Supported FX pairs:
- EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, EURGBP, AUDNZD, EURAUD, EURCAD, CHFJPY, EURNZD, GBPCAD, XAUUSD.
EA Running:
- VPS: No special requirement.
- Broker: With low spread (very important).
- The minimum deposit: USD100.
- Working timeframe: H1.
- This is a multicurrency EA, you just attach it on one chart, then select to ‘ture’ for the FX pairs which you want to trade, and specify the trading volume, the EA will run automatically and trade all pairs you selected.
Remark: You need to change the symbol name if your broker's symbols aren't matched with the default settings.
EA Parameters:
- Magic: EA magic.
- FixLots: Fixed trading lot.
- AutoLots: If select ‘true’, EA will automatically calculate trading lot base on ‘BalancePerLot’; if select ‘false’, EA will works on fixing lot.
- MaxLots: Maximum trading lot.
- BalancePerLot: Needed account balance per opening one standard lot (trading lots = AccountBalance / BalancePerLot).
- AccountEquityMaxDrawdown (percentage, 0-100): Maximum drawdown percentage of account floating loss, all trades will be closed while the account floating loss drop below the setting value.
- PortfolioMaxOpenPositions: Maximum open positions.
- EAComments: EA comments .
- UseSymbol: The symbol will works if select ‘true’, it will not works if select ‘false’.
- Symbol: Symbol name, including of suffix. Eg, input ‘EURUSD.r’ if broker has suffix ‘.r’ .
- MaxSpreads: Maximum spread in pips.
- TakeProfit: Take profit in pips.
- StopLoss: Stop loss in pips.
Reference Settings (13 pairs):
| TradingModels | BalancePerLot* (USD) | ExpectedAnnualReturn** | ExpectedAccountDrawdown** | AccountEquityMaxDrawdown (Percentage) | AccountLeverage (At least) |
|---|---|---|---|---|---|
| Stabler | 50K | 50% - 100% | 10% or more | 6 | 30 |
| Stable | 20K | 150% - 300% | 25% or more | 15 | 100 |
| Middle | 10K | 500% - 1,500% | 50% or more | 30 | 200 |
* Need to convert currency if your account is not in US dollor. E.g., if your account currency is in Euro, and the ‘BalancePerLot’ is selected for USD10K, the current quote of EURUSD is 1.11020, then the ‘BalancePerLot’ in Euro is: 10K/1.11020 ≈ 9007.
** Based on the backtesting.
EA Backtesting:
- Modelling: Every tick based on real ticks.
- The requirement of computer memory:
| Time Span | Memory Requirement |
|---|---|
| 1 year | 16GB |
| 3 years | 32GB |
| 5 years | 64GB |
* For detailed test report, please go to the comment area of this EA to download it.
Very Important:
This EA is only designed for:
- The brokers whose trading platform time are GMT+2 (or GMT+3 when daylight saving is in effect), no need to setup GMT offset.
- The account with 3 digits of ‘JPY’ pairs, 5 digits of other FX pairs, and 2 digits of XAUUSD(Gold).
If you want to run the EA in the broker with 3 digits of Gold, please change the SL and TP of Gold to "DefaultValue*100", such as the default SL is 15 and TP is 30, after adjusted, the new SL is 1500 and TP is 3000.
- The above requirements are included in most of brokers, such as IC Markets, Pepperstone, FP markets and Go Markets, etc.
After 5 month i cas say positive experience , Chen is comunicative , positive you always see SL so you know your risk, be prepare that this EA hold positions during weekend , and my experience is to turn of during big bank holidays as christmast , new year to avoid losses once you are holding position and the market open after 4-5 days ( avoid gambling Recommendations/ warning , be carefull because moneymanagment is the same for XAUUSD as for EURUSD means that you have to be prepare for bigger loss or gain from XAU and lower from rest forex pairs