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Slingshot-30 Min. PA System

  • #261
  • Jan 14, 2009 3:49pm Jan 14, 2009 3:49pm
This should get us through the rest of today's trades

EruUsd 3 for 3 +5,+12, and 0 Pips

GbpUsd 3 for 3 +54,+9 and 0 pips

UsdJpy 4 for 4 +19, 0, +13 and +2 pips


Totals for the day using the filter and additional rules:

19 for 21 for 184 pips

Another nice day of trading with a very high win% of 90%
"Keep your eyes on the helpers" - Mr. Rogers
  • #262
  • Jan 14, 2009 3:59pm Jan 14, 2009 3:59pm
instead of an EA thats going to do the work why don't we try just an alarm method and EA the alerts to signal set up and then one for trigger. keep the human figure in the mix.

my eyes hurt staring at the screen
the markets moving, time to get in!
  • #263
  • Jan 14, 2009 5:28pm Jan 14, 2009 5:28pm
Quoting dmjservices
instead of an EA thats going to do the work why don't we try just an alarm method and EA the alerts to signal set up and then one for trigger. keep the human figure in the mix.

my eyes hurt staring at the screen
Hopefully Time Freedom is working on an EA, but maybe he is not. I have not heard from him in a while.

Personally I hate day trading and refuse to waste my time trading anything except end of day trading, and that works out well for me.....2 to 3 hours a night and I am done until the next night..pretty successful with it as well, I would never be able to make thoughs types of profits day trading.

We'll see, I am still looking at getting an EA done.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #264
  • Edited 7:40pm Jan 14, 2009 7:20pm | Edited 7:40pm
dmjservices made reference to a ratcheting stop loss. I did a little research and came up with the following indicator which is a bit old but interesting. I've included a document describing how it works - the document does not specifically mention how to set the various parameters but I messed around a bit and found it wasn't to hard to configure to rachet up the stop loss to preserve some nice profits. Because its an indicator, you have to take the info from the screen and manually enter the SL but that's simple enough to do. I monitor my trades on both the M30 and M1 charts for any particular pair. I put this indi on the M1 for a while and actually used it for a couple of trades which finished for nice little profits. It will take more experimentation to test it out. If anyone has experience with this and knows if its a waste of time, please let us know. I'll post the results from my efforts to let you know the good, the bad and the ugly!

Parameter settings I'm using on the M1 charts are all default except Atr_Length = 30
Attached File(s)
File Type: doc ATR Ratchet Exit Strategy.doc   36 KB | 1,335 downloads
File Type: mq4 ATR_RATCHET.mq4   2 KB | 449 downloads
  • #265
  • Jan 14, 2009 11:17pm Jan 14, 2009 11:17pm
This is better known as the "Chandelier Stop".
Attached File(s)
File Type: mq4 ChandelierStops_v1.mq4   3 KB | 509 downloads
File Type: ex4 ChandelierStops_v1 alert.ex4   4 KB | 460 downloads
  • #266
  • Jan 14, 2009 11:55pm Jan 14, 2009 11:55pm
that's the trailing stop.
the markets moving, time to get in!
  • #267
  • Jan 15, 2009 12:07am Jan 15, 2009 12:07am
Quoting damonl
Hey Bob...I am also a Wisconsinite who is off work because of the weather as well...got to go out in it now thoug
Hi Damonl,

Brutal winter weather forecast for tonight -20 degrees below zero farenheit here in Prairie du Chien. What city are you located?

BTW, please keep posting your trading results...it really gives me the confidence to move forward with your filter. My simple trading alternative is working out well, but prevents me from making larger profits because most SL's are relatively small. No matter, I'd rather have a higher winning % than a lower % with a greater amount of pips. I simply ramp up a larger lot size and end up with more profits this way.

Bob
  • #268
  • Jan 15, 2009 1:54am Jan 15, 2009 1:54am
you have and ideas why?
the markets moving, time to get in!
  • #269
  • Jan 15, 2009 7:24am Jan 15, 2009 7:24am
system looks pretty interesting.
  • #270
  • Jan 15, 2009 8:45am Jan 15, 2009 8:45am
Here is the first trade update for today....

EurUsd 5 for 5 +52, +18, +18, +12, +80 with one very promising looking trade that is currently 66 pips in profit

GbpUsd 5 for 5 +8, +4, +14, +17, +58

UsdJpy 1 for 2 +8, -25

That gives us 11 of 12 so far for 264 pips....shapping up to be a very nice day again indeed
"Keep your eyes on the helpers" - Mr. Rogers
  • #271
  • Jan 15, 2009 8:46am Jan 15, 2009 8:46am
Quoting Bobcat2
Hi Damonl,

Brutal winter weather forecast for tonight -20 degrees below zero farenheit here in Prairie du Chien. What city are you located?

BTW, please keep posting your trading results...it really gives me the confidence to move forward with your filter. My simple trading alternative is working out well, but prevents me from making larger profits because most SL's are relatively small. No matter, I'd rather have a higher winning % than a lower % with a greater amount of pips. I simply ramp up a larger lot size and end up with more profits this...
I am up north about 20 miles south of the Michigan border in the Snowmobile Capital of the World....and I don't even snowmobile it is -25 below here at the moment
"Keep your eyes on the helpers" - Mr. Rogers
  • #272
  • Edited 2:33pm Jan 15, 2009 2:17pm | Edited 2:33pm
Okay, here are the rest of the trades that would have been entered for today along with the final tallies

EurUsd 1 for 1 +111 pips

GbpUsd 2 for 2 +52 pips and +3 pips

UsdJpy 2 for 2 + 43 pips and + 7 pips


Total Results for today:

17 for 18 giving us a win % of 94%.

Total pips today would have been 480 pips.

Definietly this is a system worth pursuing with the filters and making into an EA.

Anyone out there willing to give it a shot? I have not heard from Time Freedom and so do not know if he is doing anything more with it or not.

Enjoy!
"Keep your eyes on the helpers" - Mr. Rogers
  • #273
  • Jan 15, 2009 2:22pm Jan 15, 2009 2:22pm
Those are outstanding results. What time do you start trading?

The EA should be programmed to trade your rules exactly!

Carol

Quoting damonl
Okay, here are the rest of the trades that would have been entered for today along with the final tallies

EurUsd 1 for 1 +111 pips

GbpUsd 2 for 2 +52 pips and +3 pips

UsdJpy 1 for 1 + 43 pips....we currently would have 1 UsdJpy trade still open however, based upon one of my 2 elimination rules, it is possible that this trade would not have been entered. We will say that it was however and put those totals in with tomorrow


Total Results for today:

16 for 17 giving us a win % of 94%.

Total pips today would have been 473 pips.

Definietly...
  • #274
  • Jan 15, 2009 2:24pm Jan 15, 2009 2:24pm
Quoting Eureka
Those are outstanding results. What time do you start trading?

The EA should be programmed to trade your rules exactly!

Carol
Yes....I think it will happen, the resutls this week have been very good. I think I may start a new thread with the revised rules so as people don't have to week through what really won't help them.
"Keep your eyes on the helpers" - Mr. Rogers
  • #275
  • Jan 15, 2009 2:27pm Jan 15, 2009 2:27pm
Good idea. If Time Freedom isn't available, perhaps RR would do the EA.
  • #276
  • Jan 15, 2009 2:28pm Jan 15, 2009 2:28pm
what additional rules and filters did you add- i have read but dont want to go thru 19 pages again either.

have you talked to ronald the programmer in this thread- im sure he can build it. i would like to see it
  • #277
  • Jan 15, 2009 2:31pm Jan 15, 2009 2:31pm
Quoting Eureka
Good idea. If Time Freedom isn't available, perhaps RR would do the EA.
RR has been around, so maybe he is thinking about it...I have talked with one other person as well, but it will not be free...I was qouted $150, but have not heard from him now for a few days. Don't know if I want to spend the money on something for testing...
"Keep your eyes on the helpers" - Mr. Rogers
  • #278
  • Jan 15, 2009 2:32pm Jan 15, 2009 2:32pm
I will now update post 272 with the results of the 1 remianing trade.
"Keep your eyes on the helpers" - Mr. Rogers
  • #279
  • Jan 15, 2009 2:35pm Jan 15, 2009 2:35pm
Taking a break for now...want to go finish my book.....adios til later
"Keep your eyes on the helpers" - Mr. Rogers
  • #280
  • Jan 15, 2009 3:41pm Jan 15, 2009 3:41pm
Quoting Eureka
Good idea. If Time Freedom isn't available, perhaps RR would do the EA.
Lol, I guess it's hard to lurk. I'm watching this thread guys. Don't worry. I'll put together an EA once I have an idea of what type of system this is. It's either trending or counter-trending as I see it.
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