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Snake Catcher NETTO

Snake Catcher NETTO is an Expert Advisor whose entry into a position is based on the rate of price change. This is a version of the Snake Catcher Expert Advisor, but only for a netting account.

It can also be called a news adviser, as well as a "Snake Catcher", since the main number of inputs occurs during the release of important macroeconomic news. The Expert Advisor reacts to the rapid price movement in one direction or another, and opens a position.

After setting the position, "Snake Catcher NETTO" can expect the price movement to develop, in other words, it can allow profits to grow. Also, if you consider the cumulative profit level sufficient, you can use the "CLOSE" button, which is present on the instrument chart, to close all positions on the instrument.

"Snake Catcher NETTO" is a fully automatic Expert Advisor that does not need constant supervision, and it can be installed on a VPS. Despite this, it can also be used for manual  trading.

The Expert Advisor uses an adaptive stop loss, which is set based on local price extremes. The maximum amount of loss in points is set in the external parameters.

The adviser finds local price extremes automatically at a distance determined by the external parameter "depth" (depth of the market). The larger this parameter is, the slower the testing and optimization of the Expert Advisor will take place in the strategy tester, since more historical data will be loaded.

Testing and optimization of the Expert Advisor should be carried out in the "Every tick based on real ticks" mode.

Before starting trading, you need to optimize the Expert Advisor directly on your broker's quotes. Quotes from different brokers may differ.

You should have a fairly small ping, no more than 100 ms.

The optimal time interval for trading is M15. In smaller intervals, there may be more unprofitable trades, but trading will be more frequent. However, try to optimize the parameters.

Settings for trading in the discussion.

The Snake Catcher Expert Advisor has the following external parameters:

  • MAGIC is the identification number of a specific instance of the Expert Advisor installed on the chart of the instrument. MAGIC is assigned to each position set by a specific instance of the Expert Advisor. Thus, it is possible to install several instances of the Expert Advisor with different settings for trading on the same instrument.
  • Size is a critical parameter that determines the minimum size of the pulse to set the position in points.
  • Coef is a critical parameter that determines the rate of price change for setting a position.
  • depth - depth of the market.
  • MaxLoss - the parameter sets the maximum amount of loss for a position in points. The Expert Advisor sets a stop order based on the local levels that it finds in the process of working on historical data. Nevertheless, the distance to the stop order cannot exceed the value of the specified parameter.
  • Lots - the lot size for the position.
  • Add - Topping up the position. The parameter sets the maximum number of positions in one direction (buy or sell). If the parameter value is greater than "1", additional positions will be opened with a prolonged pulse. It is possible to increase the drawdown.
  • TimeStart - the beginning of a pause in the work of the adviser.
  • timeEnd - the end of the pause in the work of the adviser. The values are entered in the - hours : minutes mode. You can choose the trading time by setting the pause time in 24-hour mode. At this time, the EA will not open new positions, those positions that are open will be closed according to the algorithm, regardless of the selected interval.
  • DROW - if the parameter value is <true>, the chart will reflect the found local price extremes at the distance set by the "depth" parameter. The levels are set at the "CLOSE" prices of the selected bar. This parameter greatly slows down the work of the strategy tester, so the parameter value during testing and optimization should be set to <false>.
  • multiplier - multiplier of the amount of historical data. Service parameter.
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Mianos Tech
Mianos Tech 2022.10.23 07:12 

User didn't leave any comment to the rating

Vitalii Stepanov
Reply from developer Vitalii Stepanov 2022.10.23 08:48
I'm sorry, it's my fault. I have not specified a timeframe for trading. You need to trade on the timeframe M15 or lower. M15 is the best option, there may be more losing trades at lower intervals. However, you can see this in the strategy tester yourself, try optimizing the parameters for small time intervals if it seems to you that there are not enough deals.
Reply to review
Version 1.1 2022.10.04
Strategy adjustment.