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Slingshot-30 Min. PA System

  • #281
  • Jan 15, 2009 4:09pm Jan 15, 2009 4:09pm
You're a GEM, RR!! Many thanks.

Quoting Ronald Raygun
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.
  • #282
  • Jan 15, 2009 6:04pm Jan 15, 2009 6:04pm
I'm going blind watching the screen and having a heart attack watching during the trade

but I'm up in pips and only 4 losing trades out of 18.

I'm done today my head hurts
the markets moving, time to get in!
  • #283
  • Jan 15, 2009 6:21pm Jan 15, 2009 6:21pm
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 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....
PM me with very clear instructions for entries, exits, filter rules and Stop Loss and Take Profit and enter multiple times on a single bar, ect, and I will modifiy mine to do it. Mine meets all of the requirements of the original method exactly, so it should be easier to modify. Also I have Automatic money management built into mine and it adjusts automatically for a 5 or 4 digit broker. Please be clear and precise.
  • #284
  • Jan 15, 2009 7:01pm Jan 15, 2009 7:01pm
Guys....i just got done doing my daily trades for the night and that was 2.5 ours of charting...I will take a break and then start a new thread with everything that I have been trading..I just need to take a break at the moment

ty
"Keep your eyes on the helpers" - Mr. Rogers
  • #285
  • Jan 15, 2009 7:50pm Jan 15, 2009 7:50pm
Oh darn damonl, because I've completed the EA


Attached is the EA. It should follow everything on page 1
Attached File(s)
File Type: mq4 SlingShot system.mq4   14 KB | 649 downloads
  • #286
  • Jan 15, 2009 8:04pm Jan 15, 2009 8:04pm
Quoting Ronald Raygun
Oh darn damonl, because I've completed the EA


Attached is the EA. It should follow everything on page 1
Ronald,

I tried to backtest the EA from 01-2008 to 12-2008 on the E/U and not one trade was made. Is there some setting we need to change in order to backtest?

Thanks,

Superdevo
  • #287
  • Jan 15, 2009 8:21pm Jan 15, 2009 8:21pm
Quoting superdevo
Ronald,

I tried to backtest the EA from 01-2008 to 12-2008 on the E/U and not one trade was made. Is there some setting we need to change in order to backtest?

Thanks,

Superdevo

Ronald makes all of his ea where you have to change lot size or MM by default

but RR I did that and didn't take a trade either. what gives buddy?
  • #288
  • Jan 15, 2009 9:03pm Jan 15, 2009 9:03pm
Quoting jtmoore007
Ronald makes all of his ea where you have to change lot size or MM by default

but RR I did that and didn't take a trade either. what gives buddy?
I have been doing it manually too with great success but a working ea would be great to free the eyes and fingers from the computer. I noticed that the trades made on the H1 with confirmation on the 30M are more accurate with a 98% return rate. I can write what I see but cannot even program a remote.
  • #289
  • Jan 15, 2009 9:05pm Jan 15, 2009 9:05pm
Quoting Ronald Raygun
Oh darn damonl, because I've completed the EA


Attached is the EA. It should follow everything on page 1
Hey RR....I don't do everything the same as it is described on page one, but some things are the same. I will still move forward witha new thread, since we deteremined that the original Slingshot method was flawed.

I will get to that soon.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #290
  • Jan 15, 2009 9:16pm Jan 15, 2009 9:16pm
All fixed. Problems with the TradingTimes function.
Attached File(s)
File Type: mq4 SlingShot system.mq4   15 KB | 755 downloads
  • #291
  • Edited 9:32pm Jan 15, 2009 9:19pm | Edited 9:32pm
Many thanks for the mods.
  • #292
  • Jan 15, 2009 9:22pm Jan 15, 2009 9:22pm
Quoting damonl
Hey RR....I don't do everything the same as it is described on page one, but some things are the same. I will still move forward witha new thread, since we deteremined that the original Slingshot method was flawed.

I will get to that soon.....
I wouldn't be so quick to judge. Guys, run a visual backtest in the strategy tester. I see plenty of wicks which could potentially be captured with this system. Set TP to 5 pips, don't take trades with SL greater than 5 pips, etc.
  • #293
  • Jan 15, 2009 9:25pm Jan 15, 2009 9:25pm
Quoting Ronald Raygun
All fixed. Problems with the TradingTimes function.
Thanks Ronald......it works now. Now I just gotta figure out what MM to use, so the account balance doesn't look so much like one long valley!!!!

Everybody needs some peaks now and then!!

Superdevo
  • #294
  • Jan 15, 2009 9:31pm Jan 15, 2009 9:31pm
Quoting Ronald Raygun
I wouldn't be so quick to judge. Guys, run a visual backtest in the strategy tester. I see plenty of wicks which could potentially be captured with this system. Set TP to 5 pips, don't take trades with SL greater than 5 pips, etc.
Why would I enter a trade if my target was only 5 pips? It's like going to work a job for $2.00/hour. c ya
"Keep your eyes on the helpers" - Mr. Rogers
  • #295
  • Jan 15, 2009 9:34pm Jan 15, 2009 9:34pm
Quoting damonl
Why would I enter a trade if my target was only 5 pips? It's like going to work a job for $2.00/hour
You can leave the EA alone. And let it trade itself. Then distribute across pairs, and that $2.00/hr turns into $20.00. Remember, I aim for high accuracy, not high pips. You know why? Higher accuracy means higher risk.
  • #296
  • Jan 15, 2009 9:42pm Jan 15, 2009 9:42pm
Quoting Ronald Raygun
I wouldn't be so quick to judge. Guys, run a visual backtest in the strategy tester. I see plenty of wicks which could potentially be captured with this system. Set TP to 5 pips, don't take trades with SL greater than 5 pips, etc.

Hello Ronald,

What's the 'pip buffer' for? And isn't range a bit large as default? Or is that the daily range?

TP of 5 and SL of 5? serious?

thx,
todd
  • #297
  • Jan 15, 2009 9:44pm Jan 15, 2009 9:44pm
Quoting Ronald Raygun
You can leave the EA alone. And let it trade itself. Then distribute across pairs, and that $2.00/hr turns into $20.00. Remember, I aim for high accuracy, not high pips. You know why? Higher accuracy means higher risk.
Bro....I am up over 30,000 pips since Dec 1st with another 15,000 positive pips in my account....I am not going to waste my time with 5 pips....

But if that is what you are into, then I say go for it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #298
  • Jan 15, 2009 9:54pm Jan 15, 2009 9:54pm
damonl are you using the EA only during specific hours?

Thanks and congrats on 30,000 freaking pips! Impressive to say the least.

todd
  • #299
  • Jan 15, 2009 9:58pm Jan 15, 2009 9:58pm
Quoting damonl
Bro....I am up over 30,000 pips since Dec 1st with another 15,000 positive pips in my account....I am not going to waste my time with 5 pips....

But if that is what you are into, then I say go for it.
Not bad at all =D.

I'm up a little under 10,000 net pips as of January 1 (took a month off in December, and I REGRET IT!!!). And that's not from splitting lots. Does your pip count include split lots?


Anyway, while you do things manually, I spread out my pip collection across 34 different EAs, and 20 different pairs. The vast majority of my entries are managed by EA, the exits can be managed by EA, but most are managed by me.

If I can sleep at night knowing that the EA can consistently grab 5 pips with 1:1 R:R or better all night, then I would be stupid to pass that up. Because to me, that is free pips. 5 pips/trade * 10 trades/day with 2 losers, comes out to net 30 pips per day per pair, tack on 20 pairs...and I'm sure you can see where I'm going with this.


[EDIT]: Split lot example: I take 1 lot and close 0.5 every 5 pips. I count that as a 10 pip gain. Some people count that as a 15 pip gain. (10 pips from one 0.5 lot and 5 pips from one 0.5 lot)
  • #300
  • Jan 15, 2009 10:03pm Jan 15, 2009 10:03pm
Quoting todd960960
Hello Ronald,

What's the 'pip buffer' for? And isn't range a bit large as default? Or is that the daily range?

TP of 5 and SL of 5? serious?

thx,
todd
the pip buffer is the +1 to whatever rule. I made that adjustable just in case someone wanted something.
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