Snowball: how FXNOD's Deriv Accumulator bot works

Snowball at a glance

What Snowball trades

Snowball trades one contract only: an Accumulator from Deriv's Accumulators family, at a growth rate of 1%. While each tick stays within a range Deriv sets around the tick before it, the position's value grows by 1% a tick. If one tick lands outside the range, the position is knocked out and the whole stake is lost. Snowball closes the position at a take profit of 3% of the stake, and that take profit is also the session's profit target. An Accumulator has no fixed length: it stays open until it is closed or knocked out. Deriv sets the payout, and each trade's result is listed on the run page.

When Snowball enters a trade

Snowball has no entry condition. It opens an Accumulator at 1% and holds it while the ticks stay inside the range Deriv sets around the previous tick.

The position has a take profit of 3% of the stake. When it reaches that, it is closed and the session ends at its target. If a tick leaves the range first, the position is knocked out and the stake is lost; the bot then opens the next one.

Snowball holds one trade at a time: it looks for the next entry only after the last contract has closed. The entry rule sets when the bot trades and how often. It does not make any single trade more likely to win.

How Snowball sizes its stake

Snowball uses a flat stake. Every trade of a session is placed at the plan's starting stake, after a win and after a loss alike. It does not use Martingale.

A position is opened only while its stake fits in what is left of the stop loss. On Snowball the stop loss is two stakes, so a session opens at most two positions that lose: after the second, nothing is left to stake and the session ends.

The plans of Snowball

Snowball is not given a stake, a stop loss and a profit target one by one. You choose a plan, and the plan sets all of them together. Plans are named by their stop loss, which is two stakes. The profit target is the take profit of a single position, 3% of the stake, so the first position that reaches it ends the session. The amounts are in the currency of the Deriv account the bot trades.

When a session ends

• The profit target is reached. The bot stops with the session's profit at or above the plan's target.
• The stop loss is reached. No stake is placed that could take the session's loss past the plan's stop loss.
• You stop it. The Stop button on the run page ends the session at any time.

Snowball runs on FXNOD's servers, not in your browser. Closing the page or switching off your device does not stop it, and does not switch off its limits. Starting it again after a session has ended begins a new session with the full plan.

How to start Snowball

1. 1

   Open Auto Hub and choose Snowball

   The bot's page opens with a How it works panel that lists its rules in order.

2. 2

   Choose the market

   Snowball trades Volatility 100 only. No other market is offered for this bot.

3. 3

   Choose a plan

   Each plan card shows its stop loss, its take profit and its starting stake. Nothing on the card can be edited.

4. 4

   Check the account, then start

   The panel shows which Deriv account the bot will trade. On a demo account the button reads Start on demo. On a real account you tick a box to confirm that the bot trades real money, and the button reads Start with real money. The first time, Deriv asks you to approve FXNOD's automated-trading connection on its own page.