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Slingshot-30 Min. PA System

  • #101
  • Edited 1:27am Jan 10, 2009 1:16am | Edited 1:27am
GBP/USD Mon-Thu

Monday: +98(my result was +126 in 7 trades -28 pips spread)
Tuesday +10 (+169 minus 7 trades x 4)
Wednesday +53 (+101 minus 12 x 4)
Thursday -88 (+56 minus 8 x 4)

Total for the week +80
Total # trades: 36
Wins: 20
Lost: 16
Hitrate 55%
Average win: 23 pips (-4 spread)
Average loss: 15 pips (+4 spread)
Most consec. wins: 4
Most consec. losers: 3
Biggest Win: 54
Biggest Loss: 49
  • #102
  • Jan 10, 2009 1:25am Jan 10, 2009 1:25am
EUR/JPY

my plan was to trade E/J instead of swissy and usd/jpy. So I backtested it.
Backtesting this one was a major pain, and the result also.
There have been bars where an entry was triggered and stoped out, and another entry was triggered etc, so I had 1 bar with 4 entries. Even though it ended profitable, its pretty stressfull. (the sequence was -2 -5 -5 and finally +28 on the same bar). Not sure if it is practicable, but there appear to be no rule for this problem.

Monday: -76 (my result was -32 in 11 trades -44 pips spread)
Tuesday +142 (+182 minus 10 trades x 4)
Wednesday +7 (+55 minus 12 x 4)
Thursday -75 (+31 minus 11 x 4)

Total for the week -2
Total # trades: 45
Wins: 24
Lost: 21
Hitrate 53%
Average win: 16 pips (-4 spread)
Average loss: 11 pips (+4 spread)
Most consec. wins: 6
Most consec. losers: 4
Biggest win: 42
Biggest Loss: 28
  • #103
  • Jan 10, 2009 3:37am Jan 10, 2009 3:37am
Here is the EA with some bug fixes. I tested EURUSD, H1 for three months, Oct. - Dec., and the results are a lot better than on the M30. Please take a look and let me know what you think.

@ Bill
Make sure you change the MagicNumber for each currency you intend to test the EA on.

Note: Keep in mind that this EA is not a finished product thus the usage of Beta in the EA name. Please use only to test the strategies validity.

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: Slingshot_EURUSD_01-10-09.gif Size: 9 KB
Attached File(s)
File Type: zip Slingshot_EURUSD_01-10-09.zip   81 KB | 748 downloads
File Type: mq4 [ea]_Slingshot_vbeta02.mq4   19 KB | 739 downloads
  • #104
  • Edited 5:41am Jan 10, 2009 5:27am | Edited 5:41am
Quoting Dan S
EUR/JPY

my plan was to trade E/J instead of swissy and usd/jpy. So I backtested it.
Backtesting this one was a major pain, and the result also.
There have been bars where an entry was triggered and stoped out, and another entry was triggered etc, so I had 1 bar with 4 entries. Even though it ended profitable, its pretty stressfull. (the sequence was -2 -5 -5 and finally +28 on the same bar). Not sure if it is practicable, but there appear to be no rule for this problem.

Monday: -76 (my result was -32...
Dan, those all look good.
I'm going to try to do the same kind of backtesting.
If you were doing reentries, I won't do them. We'll compare notes.
Thank you for your help. That was a lot of work.
  • #105
  • Jan 10, 2009 5:33am Jan 10, 2009 5:33am
Quoting TimeFreedom
Here is the EA with some bug fixes. I tested EURUSD, H1 for three months, Oct. - Dec., and the results are a lot better than on the M30. Please take a look and let me know what you think.

@ Bill
Make sure you change the MagicNumber for each currency you intend to test the EA on.

Note: Keep in mind that this EA is not a finished product thus the usage of Beta in the EA name. Please use only to test the strategies validity.

TimeFreedom
That really looks good!!
1H may be they way to go. It looks like you've proven it.

I'm sure you're right about the magic number. That was my screw up.

I can't thank you enough for your help.
  • #106
  • Jan 10, 2009 6:31am Jan 10, 2009 6:31am
Quoting billbss
Dan, those all look good.
I'm going to try to do the same kind of backtesting.
If you were doing reentries, I won't do them. We'll compare notes.
Thank you for your help. That was a lot of work.
Bill,
I have usd/chf and will do usd/jpy tomorrow or monday morning.

I didnt check for the 15 pip range, I simply forgot since I used MT.
To trade I use Ninja trader which has a bar range counter indicator, that made me simply forgetting about checking the setup bar range.
But 95% or more of the trades should be fine by the rules.
  • #107
  • Jan 10, 2009 6:36am Jan 10, 2009 6:36am
USD/CHF

Monday: +125 (my result was +165 in 10 trades -40 pips spread)
Tuesday -33 (-1 minus 8 trades x 4)
Wednesday +-2 (+54 minus 14 x 4)
Thursday -30 (+14 minus 11 x 4)

Total for the week +60
Total # trades: 43
Wins: 15
Lost: 28
Hitrate 35%
Average win: 31 pips (-4 spread)
Average loss: 8 pips (+4 spread)
Most consec. wins: 2
Most consec. losers: 9
Biggest win: 168
Biggest Loss: 21

Swissy was something special in the 4 tested days.
There are 2 huge winners with +168 and +99.
If you wouldnt have caught them, and traded most others, you would have lost a chunk.
  • #108
  • Jan 10, 2009 7:02am Jan 10, 2009 7:02am
I tested auto-scalper with MT strategy tester and it didn't perform well.

Quoting billbss
I ran the auto-scalper for a few days and lost a ton of money on a demo account.
This one does look good.
I made about 100 pips with it this morning.
  • #109
  • Jan 10, 2009 8:26am Jan 10, 2009 8:26am
If you want to use the #MTF OHCL indicator that I posted on a 60 minute or any other time frame for that matter, simply change the input timeframe to the required time frame in minutes. (only standard MT4 timeframes allowed) and change anything in the grid that is 30 to 60 or what ever timeframe you wish.
  • #110
  • Jan 10, 2009 9:00am Jan 10, 2009 9:00am
Quoting TimeFreedom
Here is the EA with some bug fixes. I tested EURUSD, H1 for three months, Oct. - Dec., and the results are a lot better than on the M30. Please take a look and let me know what you think.

@ Bill
Make sure you change the MagicNumber for each currency you intend to test the EA on.

Note: Keep in mind that this EA is not a finished product thus the usage of Beta in the EA name. Please use only to test the strategies validity.

TimeFreedom
I will have to take a look. Thanks TF.

I don't really have the internet connection to back test, but it would be currious to see a equity curve for GbpUsd, UsdChf and UsdJpy as well.

Have a great weekend
"Keep your eyes on the helpers" - Mr. Rogers
  • #111
  • Jan 10, 2009 9:28am Jan 10, 2009 9:28am
Quoting Dan S
USD/CHF

Monday: +125 (my result was +165 in 10 trades -40 pips spread)
Tuesday -33 (-1 minus 8 trades x 4)
Wednesday +-2 (+54 minus 14 x 4)
Thursday -30 (+14 minus 11 x 4)

Total for the week +60
Total # trades: 43
Wins: 15
Lost: 28
Hitrate 35%
Average win: 31 pips (-4 spread)
Average loss: 8 pips (+4 spread)
Most consec. wins: 2
Most consec. losers: 9
Biggest win: 168
Biggest Loss: 21

Swissy was something special in the 4 tested days.
There are 2 huge winners with +168 and +99.
If you wouldnt have caught them, and traded most others, you would...
CHF has always been a rogue pair...IMO.
  • #112
  • Jan 10, 2009 10:24am Jan 10, 2009 10:24am
Quoting TimeFreedom
Here is the EA with some bug fixes. I tested EURUSD, H1 for three months, Oct. - Dec., and the results are a lot better than on the M30. Please take a look and let me know what you think.

@ Bill
Make sure you change the MagicNumber for each currency you intend to test the EA on.

Note: Keep in mind that this EA is not a finished product thus the usage of Beta in the EA name. Please use only to test the strategies validity.

TimeFreedom
Hi TF,
I noticed that there is no option to set the trade time (0700-2000) with your new version and that it trades all hours.
Was that intentional?
Thanks again.
  • #113
  • Jan 10, 2009 10:44am Jan 10, 2009 10:44am
I may be doing something wrong in my back test or maybe difference in Brokers causes different results. Can you tell me if I handled the trade below correctly ?

Blue lines are setup bar high and low.
Red is setup bar close.
Bar #1 broke low
Bar#2 moved above Close for a long entry
Bar#3 moved below Bar#1 for stop out
Attached Image
  • #114
  • Jan 10, 2009 10:45am Jan 10, 2009 10:45am
Quoting Abnormalone
I may be doing something wrong in my back test or maybe difference in Brokers causes different results. Can you tell me if I handled the trade below correctly ?

Blue lines are setup bar high and low.
Red is setup bar close.
Bar #1 broke low
Bar#2 moved above Close for a long entry
Bar#3 moved below Bar#1 for stop out
It looks correct to me.
  • #115
  • Jan 10, 2009 11:05am Jan 10, 2009 11:05am
Quoting billbss
It looks correct to me.
I don't think that his chart is correct accoding to my understanding

Here is a chart with a trade the way that I understand it.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 203 KB


1st...price of current bar needs to break the high or low of the previous bar
2nd...if it breaks low you are looking for a long trade
3rd...if it breaks high you are looking for a short trade
4th...once a break occurs, you then enter when price comes back and goes either 1 pip above or below the close of the previous bar depending on trade direction

This is my understanding of the system
"Keep your eyes on the helpers" - Mr. Rogers
  • #116
  • Jan 10, 2009 11:10am Jan 10, 2009 11:10am
Here is the next two trades...

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 205 KB


I have the wrong price in the text...should be 1.5157

For the 2nd trade, since I was not in profit after the close of the entry bar, I would have stayed in until I either hit my s/l or a bar closed in profot...that is my adjusted rule

My othe radjusted rule is that if a s/l is over "x" pips, I automatically default to "x" pips for the stop and not the bottom of the bar....most of the time is is around 20-25 pips.

Also, the bar next to the 2nd set-up in this chart may have been a entry as well which would have resulted in a loss...I did not check the 1M bars for confirmation on this
"Keep your eyes on the helpers" - Mr. Rogers
  • #117
  • Jan 10, 2009 11:10am Jan 10, 2009 11:10am
Quoting damonl
I don't think that his chart is correct accoding to my understanding

Here is a chart with a trade the way that I understand it.

Attachment

1st...price of current bar needs to break the high or low of the previous bar
2nd...if it breaks low you are looking for a long trade
3rd...if it breaks high you are looking for a short trade
4th...once a break occurs, you then enter when price comes back and goes either 1 pip above or below the close of the previous bar depending on trade direction

This is my understanding of the system
Your explanation is correct and your chart is correct.

Abnormalone's chart was also correct.
He had broken it down to 1M, to see the details of the movement of the 30M bar.
  • #118
  • Jan 10, 2009 11:16am Jan 10, 2009 11:16am
On my chart the price broke the low of preceding bar.
then moved above the close of preceding for a long entry.
Same thing your saying, just the other direction for a long trade instead of a short trade.
  • #119
  • Jan 10, 2009 11:19am Jan 10, 2009 11:19am
Quoting Abnormalone
On my chart the price broke the low of preceding bar.
then moved above the close of preceding for a long entry.
Same thing your saying, just the other direction for a long trade instead of a short trade.
I guess on your chart I see bar #1 having a lower low then bar#2
"Keep your eyes on the helpers" - Mr. Rogers
  • #120
  • Jan 10, 2009 11:22am Jan 10, 2009 11:22am
Quoting Abnormalone
On my chart the price broke the low of preceding bar.
then moved above the close of preceding for a long entry.
Same thing your saying, just the other direction for a long trade instead of a short trade.
Bar number 1 had a lower low then the previous bar, but it did not come back over the close on the same bar....is that why you used bar #2 as your entry bar?

My understanding is that all this had to happen on the same bar
"Keep your eyes on the helpers" - Mr. Rogers
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