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Snowballed MT4

1

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 MT5 version of this EA: https://www.mql5.com/en/market/product/87412

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 Back-testing:
- Model:  Every tick.  

  * For detailed test report, please go to the comment area of this EA to download it. If you want to do backtesting, it's suggested to use the real tick data, otherwise you will not get the accurate test results, but this could take several weeks. You can use the MT5 version to do backtesting, it can test multiple symbols, fast and easy to use.

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.



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This Expert Advisor trades flat breakouts. The EA plots a channel between important levels, or at a specified distance from the current price. As soon as the price start moving, the robot starts working. The recommended timeframe is H1 or above, currency pair - any. You can set the EA operation time in the settings. The EA is recommended for working during string market volatility or during news releases. This will allow you to avoid drawdown and will have a good effect on trading. Channel Power
AnyWay
Mohamed Nasseem
"ANYWAY EA" is a tool designed to handle your trades in a different concept, which does not start its trailing by locking in profit. It just moves stop loss by 1. It will step the SL by 1 so for every 1 pip the SL moves to 19, 18, 17, etc. The brokers can see this and do nothing to deal with it. While you are sitting there waiting for it to lock in the points it has already made. All these stop losses and take profits can be hidden from the broker by selecting SLnTPMode = Client. Run the EA on a
Perfection
Mikhail Senchakov
Perfection is a multicurrency, fully automated and secure trading robot. The robot is designed for both portfolio trading and trading a single instrument. The EA does not use averaging methods, the volume of positions is strictly regulated. Orders are opened only in the direction of market movement in a grid. Due to this, the robot operates efficiently on any strong movements. The decision making algorithm does not use indicators. Instead, the robot automatically calculates the key levels, which
Milch Cow Zone
Mohamed Nasseem
Milch Cow Zone EA is an amazing tool designed to handle your losing trades in a different concept rather than using Stop Loss feature and ensure almost a profitable outcome regardless of market direction when closing orders according to a smart hedging mechanism "back-and-forth". It works by changing net direction of your trade using larger hedging trades in opposite directions. The Expert Advisor starts opening one order with a market trend or opening one order of your choice or opening the hed
SolaceSystem
Evgeniy Zhdan
3.5 (4)
SolaceSystem is a trend scalper. The Expert Advisor algorithm calculates price consolidation levels and opens trades if a strong market movement is expected. The Parabolic SAR standard indicator is used to filter trade opening. Distinctive features Martingale is not used. Does not accumulate loss. Uses take profit and stop loss. Trades are closed either by TP and SL, or using a unique trailing stop algorithm. Automatic lot calculation. The Expert Advisor is fully ready for long-term automated
Ssgy EA
Aleh Rabtsau
The Ssgy EA generates the main signal based on 10 indicators. The trading strategy has been tested manually and has shown excellent results on a real account, after which it was decided to automate the whole process and entrust the work to a robot. The robot trades only in the direction of the trend, trying to determine its beginning and end. If the trend reverses, the open orders are managed by a double safety grid, allowing you to exit the received drawdown. The recommended minimum deposit is
Helmsman JXR
Aleh Rabtsau
This Expert Advisor trades on the active market. The robot virtually analyzes the chart setting two levels at a specified distance from the price. Upon expiration of 5-15 seconds (set in the parameters), the levels are re-set. As soon as the price starts moving very fast and breaks through one of the levels, a buy or a sell order is placed at once depending on what level has been broken (upper one - buy, lower one - sell). The EA has a strict stop loss (if the bar the order has been opened at is
More from author
Snowballed MT5
Xingming Chen
3.67 (3)
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. - N o Martingale, no Grid, no Hedging, no Averaging, u sing 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
Filter:
Noemie, Evelyn Lemoine
341
Noemie, Evelyn Lemoine 2023.02.17 08:16 
 

Average wins and big losses. I advised the author to implement a news filter because it is each time the news that caused the big losses, but he prefers to "play at the casino" with this one. Currently losing 7% on my live account. I will update in 1 month, if I haven't stopped it before...

Of course there is no EA that will do 100%. I just want to see the count go up and not down like it is right now. I just hope it's not the result of over optimization.

Update : EA stopped, BT and real not matching. Waste of money.

Xingming Chen
816
Reply from developer Xingming Chen 2023.02.17 17:22
Based on the backtesting with fixed 0.01 lot, form 2004 to 2022, the total profit is $12869, the largest drawdown (worst case) is -$148; from Oct 2022 to Feb 2023 (Snowballed EA released), the total profit is $86, the current drawdown is only -$32, so the current situation is in normal drawdown. At the meantime, the real MT5 signal of this EA had already got the 170% profits. This EA will not suit you if you believe there are the amazing EA (100% winning rate or no drawdown) in the Forex markets.
Reply to review
Version 2.0 2023.01.16
Added GBPCAD.
Version 1.9 2023.01.02
Disabled trading during Christmas and new year.
Version 1.8 2022.12.16
Disabled the additional pairs, no any other changes, test results same as v1.7.
Version 1.7 2022.12.14
Added a fuction to automatically select symbols to market watch, test results same as v1.6, it's suggested to update to new version.
Version 1.6 2022.12.08
Optimized code, you are suggested to update to the new version, test results same as V1.5.