SnowRoller Expert Advisor Updates

Post date: Apr 7, 2011 5:15:00 AM

4/6/11 I just updated the MQ4 files for SnowRoller Free EA for MT4 expert advisor (all versions) to fix a bug with the CloseAll routine.

Additionally, three new parameters were added to the MQL4 code: useTime1Trading, Time1Start and Time1Stop.

Usage: When useTime1Trading = false, the Start and Stop times are ignored. When set to true, trading is only allowed between the Start and Stop times. Times are formatted in the HHMM format. To set a start time of 9:13 set Time1Start = 913. To set an end trading time of 5:00 PM, set Time1Stop = 1700. All trades will attempt to close at the Time1Stop time if times are enabled, so plan your Stop time accordingly.

Updated files: In MQL4 (MQ4 and EX4): SnowRoller.mq4, SnowRoller_Classic.mq4, SnowRoller_1_001.mq4, SnowRoller_1_002.mq4

Download Download SnowRoller Free EA for MT4 expert advisor now!

4/7/11 SnowRoller_1_003.mq4 has been added. This MT4 expert advisor uses a 30 pip default stop loss on each position and can open a maximum of 1 position when the net is a loss for a given symbol. So the amount that this MT4 expert advisor can get caught on a given symbol is limited to the stop loss on a 1 lot. Multiple lots may turn to a loss so there can be more than one lot per loss if it adds while the position is in profit. This MT4 expert advisor performed very well on tonight's push so hopefully this version will prove to be robust. As usual, MQL4 coders will find MQL4 code is available.

Download SnowRoller EA for MT4 Expert Advisor here!

4/20/11 I've been testing version 1.005.mq4 of Snow Roller and it's showing mixed results. On the one hand it is doing what is intended with this MT4 expert advisor - namely a gradually declining balance followed by a swift move to new equity highs. However, the balance decline is a bit severe for the account size and the expert advisor seems to spend most of its time making up for losses rather than in profit.

To that end I am releasing this morning a new version of SnowRoller_1_007 EA for MT4 Expert Advisor that should address some of these issues, and is the product of optimization outside of MT4. I look forward to testing version 1.007 mq4 in Metatrader!

5/23/11 Today's release is version 1.008 of SnowRoller, an extension of version 7 with a few notable changes from both 1.005 and 1.007. By default a stop and target are placed. However, the target is only placed on half of the open positions. The other half accumulate normally. This behavior allows this version of SnowRoller to bank the quick profits and to accumulate the larger positions when a trend move develops. Thus, there should be more upward pull on the overall profitability that occurs naturally without the need for a large equity pop. Stop losses continue to be used at 30 pips and the step value is lowered back to every 5 pips. Additionally, new positions are opened in either direction and the overall movement determines which side wins.

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