Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Slingshot-30 Min. PA System 394 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

question about "slingshot" indicators 1 reply

Advice/Criticism on Indicator Settings for 30M and 2H 0 replies

SlingShot Method A 12 replies

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

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

Okay,
todo list:
- Stop Loss (per Daimon)
- one trade per bar only (Pavatar)
- Money Management (risk factor, lot calculation)

After that, folks I would consider my mission accomplished, if somebody wants to take over from there you are more than welcome.

Orest

Quoting Pavatar
I meant to show a couple of examples of the SSMultiFilter indi last night and forgot. The first example shows 3 colored lines moving through time going above and below the zero line. These horizontal lines indicate the various trends; red = MaxMacd, blue = stoch and green = zzi. When the line is above zero, trend = long. When the line is below zero, trend = short.

The second example shows how I use the multfilter indi to test the data. I've turned off the horizontal lines for maxmacd and zzi so on the blue stoch line is on the chart. I've turned...
Orest -
Many thanks for your great work! It is truly appreciated. Having "been there, done that", I know full well that the 'wish list" never ends. One has to declare victory at some point and you have been great at addressing all the issues raised in a very timely and constructive manner. I look forward to your final effort.

Thanks again - Gary
Thanks, man.
Folks, here is last final version.


Quoting Pavatar
Orest -
Many thanks for your great work! It is truly appreciated. Having "been there, done that", I know full well that the 'wish list" never ends. One has to declare victory at some point and you have been great at addressing all the issues raised in a very timely and constructive manner. I look forward to your final effort.

Thanks again - Gary
Attached File
File Type: mq4 Slingshot_1.5.mq4   23 KB | 288 downloads
hey orest,

thanks for v1.5.... I've used the strategy tester on it and it seems to get the trend right and entries, except for today. Maybe I have lost it, but I believe it is pretty obvious the trend is red, but it placed a buy order and lost and just now placed another buy order, though it is still active. So I wonder if the code is not keeping the last known trend. The trend was red, then we had a few blue macd bars which didn't change the trend and these latest red macd bars have not gone below the prior yet, but we were red already from before, so it is like it is thinking we are in buy mode. Anyway, you may be tired of messing with all of this, so I understand. Just thought I'd bring it up so Damon can check for it too.

http://i44.tinypic.com/hvdxy0.jpg
The ea has at times traded in the opposite direction of the trend. This has been noted by a couple of others and I've attached a chart showing the same observation when I was running the strategy tester. This problem is in v5 and v4, I haven't tested earlier versions of the ea yet to see if the problem has been there all along.

In the attached chart, two large crudely drawn white arrows show two short trades when the maxmacd filter correctly shows the trend is long. The dashed white vertical lines are period separators - interesting, the bug shows up after a price break on Sunday night (EST) following the weekend break - cause & effect? The earlier trades were taken in the same direction as the filter. The ea self corrected later = all trades were in the direction of the filter. Orest has worked hard to get us this far - an effort we can all appreciate but I think Orest is moving on to other things at this point according to his recent posts. Not sure I can effectively change someone else's code but I'm going to take a look to see if I can identify and correct the bug. Other programmers following this thread might also take a look and see if they can find the bug.

Thanks again Orest - I know working on the same code gets old and breaks are absolutely important but I hope you stay with us on the thread and make other contributions beside coding - we all need to respect your need for a break from this tedious task.

Gary
Attached Image (click to enlarge)
Click to Enlarge Name: gu_02_04_09.gif Size: 22 KB
My wife is out of town for the next 3 weeks and so my time in the forum will be less for a while, until she returns. Plus I have been finializing my daily trades and trading.

I will get caught up soon however.

Orest....the EA has some minor glitches, but I am unsure as to what it is exactly, but it definitely has some errors opening trades.

Be back when I can......
"Keep your eyes on the helpers" - Mr. Rogers
Gary, you are not letting me go, aren't ya?
Seriousely, I can't replicate the problem. I ran visual tester for same period as you did (charts are different because of broker or currency I guess). I ran it on EURUSD, IBFX demo, M30. Please see attached image. All trades have been opened according to rules. I use MaxMacdTrendSetter_v3 indicator, standard settings. Seems to me the problem is somewhere near use/settings of that indicator.

Orest

P.S. Please test only the latest version (1.5) to be on the same page.

Quoting Pavatar
The ea has at times traded in the opposite direction of the trend. This has been noted by a couple of others and I've attached a chart showing the same observation when I was running the strategy tester. This problem is in v5 and v4, I haven't tested earlier versions of the ea yet to see if the problem has been there all along.

In the attached chart, two large crudely drawn white arrows show two short trades when the maxmacd filter correctly shows the trend is long. The dashed white vertical lines are period separators - interesting, the bug shows...
Attached Image (click to enlarge)
Click to Enlarge Name: screen1.jpg Size: 116 KB
Quoting Orest
Gary, you are not letting me go, aren't ya?
Seriousely, I can't replicate the problem. I ran visual tester for same period as you did (charts are different because of broker or currency I guess). I ran it on EURUSD, IBFX demo, M30. Please see attached image. All trades have been opened according to rules. I use MaxMacdTrendSetter_v3 indicator, standard settings. Seems to me the problem is somewhere near use/settings of that indicator.

Orest

P.S. Please test only the latest version (1.5) to be on the same page.
Did you visual my post 224 orest? It took those last 2 in the wrong direction.
Quoting Orest
Gary, you are not letting me go, aren't ya?
Seriousely, I can't replicate the problem. I ran visual tester for same period as you did (charts are different because of broker or currency I guess). I ran it on EURUSD, IBFX demo, M30. Please see attached image. All trades have been opened according to rules. I use MaxMacdTrendSetter_v3 indicator, standard settings. Seems to me the problem is somewhere near use/settings of that indicator.

Orest

P.S. Please test only the latest version (1.5) to be on the same page.
I will try to pinpoint what is happening. The entries the EA makes are right, it just seems to miss entries or something. I will try to study this a little further.
"Keep your eyes on the helpers" - Mr. Rogers
I've updated the ea by Orest to include all three filter indicators (max macd, stochastics and zzi). I'm currently doing some testing of the ea (results look good so far) and hope to be able to post it soon.

Gary
  • Post #231
  • Quote
  • Edited at 11:00pm Feb 5, 2009 10:57pm | Edited at 11:00pm
When used alone, the MaxMacdTrendSetter_v3 as well as the "family of indicators" including the multifilter indi seems to correctly identify the trend (waiting on confirmation from damonl that I've got the entry points correct according to rules for the stoch and zzi filters). For any data set back tested in the strategy tester, all the indies seem to perform well. However, when the indies are used inside the ea a strange bug appears. The ea will suddenly trade in the the opposite direction of the trend for a bit (bascially skips a notification of a trend change) and then self corrects. For example, lets say the trend changes from short to long. When the bug strikes, the ea ignores the long signal and continues to trade short until the next long trend is indicated by the indi - then it trades correctly there after. It is doing this for all three filters. This is the same problem some of us observed early when the ea only used the maxmacd filter. In testing data for the month of January (2009), the bug reared its ugly head once for each of the three filters but at different times/days for each filter. However, the bug only happened once for each filter during the month. Therefore, it appears to be a somewhat rare and random occurrence - more testing will tell. I'll continue testing tonight and will post the ea tomorrow fixed or otherwise. Maybe more eyes can help catch a hint on the nature of this foul little beast that will led to its timely demise! Then we can really party!

Gary

ps - sorry for the attempt at humor - its getting late and the brain is turning to mush about now!
Hello Pavatar

I have set the Test Window Multifilter Template on my chart, but the SSmultifilter indicator does not show the horizontal lines. In some charts only shows the red line of the macd filter (the first chart below). Other charts show no one line (the second chart below). The parameter for lines in the macd, stoch and ZZI are set in true for horizontal , but false for horizontal lines.

Is it something that I am missing or doing wrong?

Thanks for your help and indicators.
Attached Images (click to enlarge)
Click to Enlarge Name: foro preguntar sobre multifilter gbpusd.gif Size: 14 KB Click to Enlarge Name: foro preguntar sobre multifilter.gif Size: 14 KB
Sorry, lambert -I didn't mean to ignore you or anything. The reason I skipped this post was probably absence of Maxmacdtrendsetter indi on the chart. It's very hard to identify just looking at the bare graph what really was
the trend direction. I know you have that macdcolored in the bottom, but it's not enough unfortunately. It looks like Gary took over, so let's wish him good luck.

Orest

Quoting llambert3
hey orest,

thanks for v1.5.... I've used the strategy tester on it and it seems to get the trend right and entries, except for today. Maybe I have lost it, but I believe it is pretty obvious the trend is red, but it placed a buy order and lost and just now placyoued another buy order, though it is still active. So I wonder if the code is not keeping the last known trend. The trend was red, then we had a few blue macd bars which didn't change the trend and these latest red macd bars have not gone below the prior yet, but we were red already from...
Quoting Dibanos
Hello Pavatar

I have set the Test Window Multifilter Template on my chart, but the SSmultifilter indicator does not show the horizontal lines. In some charts only shows the red line of the macd filter (the first chart below). Other charts show no one line (the second chart below). The parameter for lines in the macd, stoch and ZZI are set in true for horizontal , but false for horizontal lines.

Is it something that I am missing or doing wrong?

Thanks for your help and indicators.
I think you may need the original indiactors in your files folder. MACD in color and ZZI. Stochastic you should have already.

Try that and see if it helps.....
"Keep your eyes on the helpers" - Mr. Rogers
Hi Dibanos -
Your charts are probably just fine. It can take a while for the lines to plot out - they don't go back in time like a lot of indies do. If you want to see how they work, then use the multifilter indi (for example) in the strategy tester. Each horizontal or vertical line can take more or less time than the others, depends on getting enough data to figure out the trend. Every time you turn off your computer or change the indies, they start over.

Thanks - Gary

Quoting Dibanos
Hello Pavatar

I have set the Test Window Multifilter Template on my chart, but the SSmultifilter indicator does not show the horizontal lines. In some charts only shows the red line of the macd filter (the first chart below). Other charts show no one line (the second chart below). The parameter for lines in the macd, stoch and ZZI are set in true for horizontal , but false for horizontal lines.

Is it something that I am missing or doing wrong?

Thanks for your help and indicators.
Damonl and Pavatar,

Thank you for your answers, and yes as the time goes it is drawing the lines in the SS MultiFilter. In some pairs like the EURUSD and the EURJPY it does well but in others like the GBPUSD it takes more time to have the lines.


Thanks again
Attached is the modified ea started by the fine efforts of Orest. I found and fixed the bug that I had observed. There may be other issues as we collectively test drive this version of the ea.

All three filters that I have info on from damonl are now included - maxmacd, stochastics and zzi. I've also increased the number of ways these filters can be traded. For example, you can trade just using the maxmacd filter, or just the stochastic filter or just the zzi filter. Or you can trade any combination of filters, for example you can trade only when all three filters indicate the same trend direction. Or you can trade when the stoch & zzi indicate the same direction, etc. The parameters are available in the ea for you to make your choice and to test.

Regarding the trading times, two items you need to know. First, the default is 0700 - 2000 GMT per post #1. You need to change these times depending on your broker. For example, my broker is +2 relative to GMT, therefore I have to change the trading hours to 0900-2200 hrs in order to be correctly trading the 0700-2000 GMT. Secondly, if you want to trade with no time restrictions, then the proper setting in 0000-2500 hrs (the 2500 is not a typo).

If you find additional bugs, please post a chart with as much detail (e.g, pair, time, filters used, times traded, etc) as possible so I can play detective and solve the issue.

If and when damonly wants to add the 'advanced macd filter', I will add it to the ea.

Have a wonderful weekend - Gary
Attached File
File Type: mq4 Slingshot_2.0.mq4   32 KB | 239 downloads
Quoting Pavatar
Attached is the modified ea started by the fine efforts of Orest. I found and fixed the bug that I had observed. There may be other issues as we collectively test drive this version of the ea.
.......

Have a wonderful weekend - Gary
Great piece of work Orest, Gary and All.

New to this thread so would it be possible for you to list the initial settings that you use please?

Many thanks.

Nigel
TQO23
  • Post #239
  • Quote
  • Edited at 5:03pm Feb 6, 2009 4:42pm | Edited at 5:03pm
Gary-

Great work. I really appreciate you taking the time. Is there anyway to test using no filters? I tried setting everything to false - but it wouldn't trade. Just wanted to back test using no filters as a control.

Also, how does it trade if all the single filters are set to true? Is it just looking for one of the filters to be in the right direction?

Thanks,
Nick
Quoting Tqo23
Great piece of work Orest, Gary and All.

New to this thread so would it be possible for you to list the initial settings that you use please?

Many thanks.

Nigel
TQO23

It's all in Post #1.
0 traders viewing now