Snow Eagle X
- Experts
- Version: 1.6
- Updated: 8 October 2026
- Activations: 10
Snow Eagle X is a mean-reverting grid Expert Advisor for AUDCAD and NZDCAD. A grid can add trades with a growing lot, and a money stop closes it when its open loss reaches the limit you set. This is a grid system with an increasing lot: please read the risk section before using it.
Live track record
Live signal running since 27 April 2026: Snow Eagle X signal.
All our live signals: Financial Freedom Signals. Our shop: Financial Freedom Shop.
Key features
Auto Settings: the tested parameters for AUDCAD and NZDCAD are applied automatically
Money stop on the open loss, scaled to the starting lot
Lot sizing: fixed lot, or 0.01 lots for every X of balance
Trading hours, maximum spread and buy/sell direction filters
On-chart panel with lot, spread, open profit and closed profit
Risk
The lot grows with every new trade of a grid. When price runs far against a grid, the position is large and the open loss grows fast until the money stop closes it. A buy grid and a sell grid can run on the same pair at the same time (Allow Hedging). With two pairs, two money stops can be hit in the same period.
Set the starting lot from your balance, not from the profit you want: use 0.10 lots on each pair for every 20,000 EUR, for example with For Every X Balance = 2000. In the 2015-2025 backtest at this ratio, the largest equity drawdown was 13.9% (2016).
How we test
Backtests run on 100% real ticks from 2015 to 2025, with commission and swap deducted from every trade. The images show backtest results on historical data, not live trading.
The backtests were run in the MetaTrader 5 Strategy Tester with the MT5 build of version 1.6, which has the same parameters and default inputs. In the tester the MT5 build sets the common take profit and the money stop net of the modelled commission and swap; on a live account both builds use the commission and swap charged by the broker. Results in the MT4 Strategy Tester will differ.
Requirements
Pairs: AUDCAD and NZDCAD, one chart for each pair. Auto Settings recognises the pair also with a broker suffix (for example AUDCAD.fx). On other symbols the EA uses the input values, which are not tested.
Timeframe: any. At least two weeks of price history. The EA sets its own chart colours.
Account: ECN / low spread, hedging account. Spread, commission and swap reduce the results.
Minimum balance: 20,000 EUR for 0.10 lots of starting lot on each pair, with AUDCAD and NZDCAD running together (leverage 1:100 or higher).
VPS recommended, running 24 hours a day, 5 days a week.
Settings
Strategy and lot size
Auto Settings: on AUDCAD and NZDCAD it replaces the trade, take profit and money stop inputs with the tested values and sets the Unique ID by itself
Unique ID (0-9): used only when Auto Settings is off; give each chart of the same pair a different ID
Lot Sizing Method: Fixed Lot, or For Every X Balance (0.01 lots for every X of balance)
Fixed Lot / 0.01 For Every X Balance: starting lot of each grid
Hour to Start Trading / Hour to Stop Trading: window for new grids, broker time
Risk and panel
Allow New Trades: when off, open grids continue but no new grid starts
Hide StopLoss, Allow Hedging, Allow to Buy/Sell
Max Drawdown % (100 = off): closes the EA's trades when their open loss reaches this % of the balance
Max Drawdown in Money every 0.01 lot (0 = off), Max Drawdown Action, Max Drawdown Calculation
Maximum Spread (pips): orders open, and the money stop closes them, only while the spread is below this value
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About us
Financial Freedom is a team with more than 12 years of experience in algorithmic trading. We answer every comment and review.
Disclaimer: this is not financial advice. Please do your own analysis and testing. Forex trading carries a high risk: you can lose all your capital.
