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Slingshot 30M & 1H - The 2nd Coming......

  • #141
  • Jan 30, 2009 11:23am Jan 30, 2009 11:23am
actually I just realized something.. templates keep lines that are already drawn, so I bet that line was from when I saved it as a template before.

I cannot get it to show any lines on EU 30m, EU 1hr, or GU 1hr.. It does show up on GU 30m..

I guess I just need to keep my charts up at all times. It must be my mt4.
  • #142
  • Jan 30, 2009 1:33pm Jan 30, 2009 1:33pm
Right, it was a small problem. I beleive I've fixed it now. Next version is attached. I made sure in backtester that trades open as they should. It kept loosing in backtester though.




Quoting damonl
Hey Orest..I think that the entry logic may be wrong. The EA opened a pair tonight. The trade direction was correct, but th entry point was off. It was a long trade and instead of placing the order 1pip + spread above the close of the previous bar, it appears to have placed the trade 1 pip + spread above the high of the previous bar.

I am not sure if that is how the code is written, but this appears to be where the EA opened the trade.

You also mentioned in one of your posts that this EA was also successful in backtesting, so maybe I will take...
Attached File(s)
File Type: mq4 Slingshot_1.1.mq4   22 KB | 384 downloads
  • #143
  • Jan 30, 2009 2:06pm Jan 30, 2009 2:06pm
Quoting Pavatar
Hi llambert3 -

The indi checked out ok for me - see attached chart. The ugly white arrow is 1300 GMT for today. Are you sure you have version 3 of the indi and not one of the older versions? My broker is ForexMeta.

Gary
I think the server time may explain the difference. IBFX is GMT, ForexMeta is GMT+2.

Bob
  • #144
  • Jan 30, 2009 3:25pm Jan 30, 2009 3:25pm
Today was another terrible day for the EurUsd. We will have to watch this as there may not be enough volitility to handle this type of trading if this pair starts its long trends again. GbpUsd gave us a steelar day to make up for it.

Here are today's resutls according to my calculations....

Original Method:

EurUsd 3/6 -56 pips
GbpUsd 7/7 +249 pips
UsdJpy 5/11 -89 pips
EurJpy 6/8 +2 pips
GbpJpy 4/6 +53 pips

Totals: 25/38 +159 pips

Advance MACD Method:

EurUsd 3/6 -56 pips
GbpUsd 3/3 +132 pips
UsdJpy 6/10 -30 pips
EurJpy 5/7 +10 pips
GbpJpy 4/6 +53 pips

Totals: 21/32 +109 pips

ZZI Method:

EurUsd 3/6 -71 pips
GbpUsd 5/6 +145 pips
UsdJpy 5/5 +21 pips
EurJpy 5/11 +39 pips
GbpJpy 3/6 -45 pips

Totals: 21/34 +89 pips

Stochastic Method:

EurUsd 1/7 -175 pips
GbpUsd 5/6 +145 pips
UsdJpy 5/8 -46 pips
EurJpy 8/10 +84 pips
GbpJpy 2/5 -60 pips

Totals: 21/36 -52 pips

Totals for today:

91/140 +305 pips

Wow...the benefits of trading multiple methods is staggereing. We had a very nice week giving us well over 2000 pips in profit. I am looking forward to testing the EA from Orest to verify that the entry points for the Original method are working good.

Have a great weekend
"Keep your eyes on the helpers" - Mr. Rogers
  • #145
  • Jan 30, 2009 3:27pm Jan 30, 2009 3:27pm
Quoting Orest
Right, it was a small problem. I beleive I've fixed it now. Next version is attached. I made sure in backtester that trades open as they should. It kept loosing in backtester though.
Thank you...I will get the chart set up and ready to go for monday.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #146
  • Jan 30, 2009 3:29pm Jan 30, 2009 3:29pm
Quoting Pavatar
Hi llambert3 -
I wrote the indi and will be happy to check out your issue. What date/time is the blue line on? I'll get back with an answer soon.

Thanks - Gary
Hey Gary...I have not noticed any descrpencies with the indicator...all looks good to me
"Keep your eyes on the helpers" - Mr. Rogers
  • #147
  • Edited 4:47pm Jan 30, 2009 4:20pm | Edited 4:47pm
Hey Orest,

I have done a visual back test on the GbpUsd pair and found that the first trade opened in the wrong direction. Attached is the chart. We were clearly long here according to the rule sof the Original Method and the EA opened a short trade. No trade should have been entered here because the signal was short but the filter was long

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB


If you have any questions about the rules, please ask and I will help if I can....

Thanks for your attention.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #148
  • Jan 30, 2009 4:31pm Jan 30, 2009 4:31pm
damonl, it looks like you have 1.0 ea on that chart. The last one was 1.1.
  • #149
  • Jan 30, 2009 4:42pm Jan 30, 2009 4:42pm
Quoting redhouse
damonl, it looks like you have 1.0 ea on that chart. The last one was 1.1.
You are absolutely right. Why when I put version 1.1 on my strategy tester, does it show up as version 1.0 on the chart? I just double checked and I loaded version 1.1 on a different chart in the strategy tester and it came up as version 1.0 on the chart.....that is very confusing to say the least.
"Keep your eyes on the helpers" - Mr. Rogers
  • #150
  • Jan 30, 2009 4:48pm Jan 30, 2009 4:48pm
Edit to post 147 above....in red
"Keep your eyes on the helpers" - Mr. Rogers
  • #151
  • Jan 30, 2009 4:50pm Jan 30, 2009 4:50pm
Quoting redhouse
damonl, it looks like you have 1.0 ea on that chart. The last one was 1.1.
I definitely loaded version 1.1 on the tester and the entry point was right, so I am thinking it was that this is the new version, showing the old version name on the chart, but just not trading with the Original Method trend.
"Keep your eyes on the helpers" - Mr. Rogers
  • #152
  • Jan 30, 2009 4:51pm Jan 30, 2009 4:51pm
Just checked. Mine says 1.0 on the left top of screen and 1.1 on top right of screen. If yours is the same must be the newest ea.

Above my head.
  • #153
  • Jan 30, 2009 4:52pm Jan 30, 2009 4:52pm
Quoting redhouse
Just checked. Mine says 1.0 on the left top of screen and 1.1 on top right of screen. If yours is the same must be the newest ea.

Above my head.
I think it is just that he changed version 1.0 to version 1.1 but didn't change the on screen text...I think it is the new version
"Keep your eyes on the helpers" - Mr. Rogers
  • #154
  • Jan 30, 2009 5:01pm Jan 30, 2009 5:01pm
Is this chart marked right for your Stoc system? If not can you point me in the right direction.
Attached Image (click to enlarge)
Click to Enlarge Name: question 1.gif Size: 31 KB
  • #155
  • Jan 30, 2009 5:27pm Jan 30, 2009 5:27pm
So, are you saying that trade is good only when filter and signal are in the same direction? With all due respect I don't remember it's clearly indicated in the post#1. My feeling was that filter just overrides the signal that's all.

I'll make that change along with versioning fix.


Quoting damonl
Hey Orest,

I have done a visual back test on the GbpUsd pair and found that the first trade opened in the wrong direction. Attached is the chart. We were clearly long here according to the rule sof the Original Method and the EA opened a short trade. No trade should have been entered here because the signal was short but the filter was long

Attachment

If you have any questions about the rules, please ask and I will help if I can....

Thanks for your attention.....
  • #156
  • Jan 30, 2009 5:56pm Jan 30, 2009 5:56pm
If you have a trade that is at a loss when the bar closes you place your stop at the low or high of that bar and a take profit that will make 1 pip profit.
If that trade stays open for several bar do you continue to trade the bars in between and have more than 1 trade open at a time?
  • #157
  • Jan 30, 2009 6:26pm Jan 30, 2009 6:26pm
Quoting bbayles
I think the server time may explain the difference. IBFX is GMT, ForexMeta is GMT+2.

Bob
Hi Bob -
You are correct about the difference in broker times. However I did take the time difference into account when I drew the white arrow - it is correctly pointing at 1300 GMT (1500 ForexMeta time). Thanks for the input, it is appreciated.

Gary
  • #158
  • Jan 30, 2009 7:21pm Jan 30, 2009 7:21pm
yes gary thanks for your work. Apparently it just doesn't show a line sometimes as Eu 30m on fxdd and ibfx has no line, but I can determine the trend manually until it recognizes it. Thanks again.
  • #159
  • Jan 30, 2009 8:15pm Jan 30, 2009 8:15pm
ver. 1.2
Please, test.


Quoting Orest
So, are you saying that trade is good only when filter and signal are in the same direction? With all due respect I don't remember it's clearly indicated in the post#1. My feeling was that filter just overrides the signal that's all.

I'll make that change along with versioning fix.
Attached File(s)
File Type: mq4 Slingshot_1.2.mq4   22 KB | 446 downloads
  • #160
  • Edited 3:39am Jan 31, 2009 2:40am | Edited 3:39am
hello everyone. I've read through the entire thread.
System looks very promising.

Question though.......I'm in Miami therefore EST, and its friday night...and markets are closed...therefore cant test live till sunday/monday.
**DOES THE BAR CHANGE COLORS INTERMITANTLY DURING THE 30M OR 1HR BAR AS A NATURAL RESULT OF PRICE ACTION; OR DOES IT STAY A PARTICULAR COLOR ONCE IT MAKES IT'S INITIAL COLOR CHANGE**.
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