Slingshot-30 Min. PA System

Set file is already applied in there, except for the lot size.

Many many thanks!!!

RR -
I have been working on some code as well for the trend filter - not as talented as you however. I'll keep working at it and send it along for your comments if I can help solve the puzzle.

Thanks - Gary

Hi Ron,

First, big thanks to Damonl for his creativity and hard work and also you Ron; we should call you Ubiquitous Ron because you are everywhere on this forum helping out!!

Trading can be a very dark cloud over your head and it's your generosty that helps lift that.

I like you equation Ron and it would be nice to have all the available results on one post--updated, if possible to better assess the data.

I had a look at the results based on the stop for cable (45) from Damonl's new thread and applied your equation.

I got 1/3 * .90 * 100 = 30

The system wins a lot but the R:R is heavily against us based on the results.

Hopefully, I am wrong!

Thanks for your hard work.

Gray.

what input do i put to unlock the trade time.
i want it trading all the time.

Just change- Use Trading Times to false

Dunno what's wrong but id doesn't trade for me at all. Changed the lot size to 0.1, that's all I did..

Backtester? Check the journal for errors

Forward testing? It's Friday...

using the history
the errors are still the same
SlingShot system EURUSD,M30: OrderSend error 4051
SlingShot system EURUSD,M30: invalid lots amount for OrderSend function

have tried various lot sizes with the same result..

P.S Ok, manually modified the SlingShotsystem.mq4 and it stared working...

Can someone please explain to me the logic behind this system? Why does/would it work, theoretically?

the videos are pretty much self explanatory

The first video isn't working for me?

You can download it here for better quality:

Dling now, thanks

I have zipped both videos in 17mb file

enjoy

http://www.forexsharing.com/788958

These settings from RR's EA seem to work using IBFX data from 10/1/2008 for the EU 1hr... I just ran it on GU and it did not work for it. It doesn't appear to work for the 30m either for EU, but it is still above $10,000 on the tester so the settings could be played with. I focused on the 1hr because I got it to work. I also ran it for the entire year on EU 1hr and it was not good in the beginning... Now I only have 1minute data bact to october and 5m back to March... I figure with the bigger stop 5m should be good, but you never know. Anyway, somebody can see if these same settings work on their broker. I had to change the start times, used a 40pip stop and once trade was +30 I set it to +1, and used a 20pip buffer.

The buffer prevented a lot of trades as well. Also, the ea is set to close next bar, but a lot of times the very next candle would've been positive whereas the ea closed at negative, so this could be changed.

extern bool EachTickMode = True;
extern bool UseTradingTimes = True;
extern int HourStart = 7;
extern int HourEnd = 14;
extern double Lots = 1;
extern bool MoneyManagement = False;
extern int Risk = 0;
extern int Slippage = 3;
extern bool UseStopLoss = True;
extern bool OverRideStopLoss = True;
extern int StopLoss = 40;
extern bool UseTakeProfit = False;
extern bool OverRideTakeProfit = False;
extern int TakeProfit = 100;
extern bool UseTrailingStop = False;
extern int TrailingStop = 50;
extern bool MoveStopOnce = True;
extern int MoveStopWhenPrice = 30;
extern int MoveStopTo = 1;
extern string Remark2 = "";
extern string Remark3 = "== SlingShot Settings ==";
extern int MinRange = 150;
extern int PipBuffer = 20;
extern int MaxTradesPerBar = 1;

i had made a candle pattern indy, thought id mod it to show slingshot entries

it will alert, should be very useful for this strategy
the alert is a thump sound, in editor, you can copy n past the loud alert in if u like

hell, not to get off subject, thought id post the tools to make trading this easier

the following tools use money management
the risk% is calculated per sl

lot size of all trades are diferent

this is default for ibfx mini

if using a diferent broker, note this

risk 2 for ibfx mini = 2%
risk 0.2 on most other brokers = 2%

il post a few screen shots of the setup process

the first time this expert is ever loaded on a new platform, you must activate 2 objects

these objects then set a global variable, theyl never need activating again
regardless if ea is reset or whatever

heres the files

tester-tools is the ea

trendchaser companion is a blank indicator so that the chart stays clean

the 2 scripts are designed to trade the lines, using the lines for sl

also if the ea is on, and you move a line
the sl will be updated

if you dont wish to move the sl, the ea is not needed, the scripts will trade the lines regardless if the ea is present

to place a pending order, use the red and blue, buy/sell labels is the companion

a pending buy is opened at red line, with sl at blue line
opposite for sells

theres also tp lines if you need them

i dont think automating this strategy is a good ideah, from what i see in history, you need to cherry pick these trades

just 1-2 trades a day is enough to get rich

in his first video, the example bars looked good, the setup bar was long, and closed near the bottom

i believe that pattern will have a high win rate

one rule i see that could do good, is if close is atleast under 20% away, in the setup bar, this gives good rr ratio