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

  • #321
  • Feb 10, 2009 10:27am Feb 10, 2009 10:27am
hi GaryCan I ask, as I also had 2 trades open on EUR at same time.. Is there an option to only take ONE trade per bar if all the filters set up at the same time?Maybe this would be a safe, less frequent, option to test?Also I cannot see any T/Ps in first post, does anyone know if there is any.. I have scanned most the thread and can't see any ideas posted.Lee.
  • #322
  • Feb 10, 2009 10:32am Feb 10, 2009 10:32am
You need to set both the SL and TP when you attach the ea to each chart - both the SL and TP for each pair are listed in post #1 by damonl. For USD/JPY, the SL = 25 and the TP = 25. The ea will take it from there. Hope that answers your question in your earlier post.

Gary

Quoting dynamicsoul
oh hang on my USD/JPY has just sold short.. so it must be working now. haha

I still have no t/p set tho
  • #323
  • Feb 10, 2009 10:37am Feb 10, 2009 10:37am
Quoting Pavatar
You need to set both the SL and TP when you attach the ea to each chart - both the SL and TP for each pair are listed in post #1 by damonl. For USD/JPY, the SL = 25 and the TP = 25. The ea will take it from there. Hope that answers your question in your earlier post.

Gary
ok i see.. so take profit for cable would be + 45?

Sorry for sounding thick, but he only mentions stop loss, and doesnt say take profit in first post..

Lee

 

  1. Use these initial Stop Loss settings
  2. EurUsd - 35 pips

  1. EurJpy - 45 pips
  2. GbpJpy - 55 pips
  3. GbpUsd - 45 pips
  4. UsdJpy - 25 pips

  1. Keep the trade open until any bar closes at break even or you are in profit or your stop loss has been hit

  • #324
  • Feb 10, 2009 10:38am Feb 10, 2009 10:38am
dynamicsoul - regarding the correct indicators, please see post #296.

Gary

Quoting dynamicsoul
Thanks gary

He doesnt mention a T/P so I leave that set to zero yeah and the EA does the rest..?

Also.. would someone mind posting all the correct needed indicators for this EA to work in one post, maybe with a template?..

I have MACD in colour.. and ZZi , and SSMultifilterV1.. but when you look at attached files to the thread theer are a few versions of MACd in colour.. like ones with alerts etc.. cheers..

If no one can be bothered then fair play.. I understand !!
  • #325
  • Feb 10, 2009 10:38am Feb 10, 2009 10:38am
pardoxical, my mt4 froze up too. I removed the indicators from the charts. I think it is the multi indicator that is taking up the memory. As far as unfreezing your mt4, remove the indicators from your folder before opening up mt4
  • #326
  • Feb 10, 2009 10:39am Feb 10, 2009 10:39am
Quoting dynamicsoul
ok i see.. so take profit for cable would be + 45?

Sorry for sounding thick, but he only mentions stop loss, and doesnt say take profit in first post..

Lee

 

  1. Use these initial Stop Loss settings
  2. EurUsd - 35 pips

  1. EurJpy - 45 pips
  2. GbpJpy - 55 pips
  3. GbpUsd - 45 pips
  4. UsdJpy - 25 pips

  1. Keep the trade open until any bar closes at break even or you are in profit or your stop loss has been hit

tp is close of candle.. There is no set tp.
  • #327
  • Feb 10, 2009 10:43am Feb 10, 2009 10:43am
Quoting Pavatar
You need to set both the SL and TP when you attach the ea to each chart - both the SL and TP for each pair are listed in post #1 by damonl. For USD/JPY, the SL = 25 and the TP = 25. The ea will take it from there. Hope that answers your question in your earlier post.

Gary
Hey Gary I thought TP was close of candle?? Let me check post 1 again, maybe damon changed it.
  • #328
  • Feb 10, 2009 10:47am Feb 10, 2009 10:47am
Hi llambert3 and dynamicsould -

Thanks - your are correct and I am wrong! TP is not listed in post 1, just SL. Setting the tp to the same value as sl was something I was playing around with and some where along the line I got it into my head that it was part of damonl's system. Sorry for leading others along the incorrect path. I took my own advice to reread post #1.

Gary

Quoting llambert3
Hey Gary I thought TP was close of candle?? Let me check post 1 again, maybe damon changed it.
  • #329
  • Feb 10, 2009 10:50am Feb 10, 2009 10:50am
Quoting Pavatar
Hi llambert3 -

Thanks - your are correct and I am wrong! TP is not listed in post 1, just SL. Setting the tp to the same value as sl was something I was playing around with and some where along the I got it into my head that it was part of damonl's system. Sorry for leading others along the incorrect path.

Gary
good, I thought I was going crazy
  • #330
  • Feb 10, 2009 10:51am Feb 10, 2009 10:51am
so my ea is running at home. Any good trades happen in NY with it?
  • #331
  • Feb 10, 2009 11:04am Feb 10, 2009 11:04am
thanks thanks and thanks again.
  • #332
  • Edited 11:46am Feb 10, 2009 11:26am | Edited 11:46am
iam currently working on this EA, when iam through i will open a thread for it. i will need some coders assistance to fine tune it.
Attached Image (click to enlarge)
Click to Enlarge Name: new strategy results 4 hours.gif Size: 8 KB
  • #333
  • Feb 10, 2009 12:56pm Feb 10, 2009 12:56pm
Some really nice work going on here looks very promising.

Having read the thread I am a little cloudy on one aspect with regards to TP.

Looking at the parameters of EA V2.1 and trying to figure out how the ea will be taking it's profit.
The setting "Move_SL_to_Prev_Hi_Lo" appears to be the only parameter that is enabled in the order management section and I know that serves a different purpose.

Will the EA close out trades that are in profit and how does it determine when to do it or do we need to enter a TP level. I just do not see any settings that will cause the trades to close when in profit.
I know this has been touched on but this is the only aspect that is not crystal clear in my mind and I'd like to change that.

thanks
  • #334
  • Feb 10, 2009 1:09pm Feb 10, 2009 1:09pm
Quoting tommyd
Some really nice work going on here looks very promising.

Having read the thread I am a little cloudy on one aspect with regards to TP.

Looking at the parameters of EA V2.1 and trying to figure out how the ea will be taking it's profit.
The setting "Move_SL_to_Prev_Hi_Lo" appears to be the only parameter that is enabled in the order management section and I know that serves a different purpose.

Will the EA close out trades that are in profit and how does it determine when to do it or do we need to enter a TP level. I just do not see any...
it closes the trade at end of candle (30m or 1hr).. when it is in profit. Otherwise, the ea seems to be setting the stop below the low/high of the prior candle and closing at +1
  • #335
  • Feb 10, 2009 1:16pm Feb 10, 2009 1:16pm
Quoting llambert3
it closes the trade at end of candle (30m or 1hr).. when it is in profit. Otherwise, the ea seems to be setting the stop below the low/high of the prior candle and closing at +1
O.K.
I did see this approach discussed I just don't see anything in the EA that does it.
(I am not a programmer by any means)
Thank you for the info...
  • #336
  • Feb 10, 2009 1:20pm Feb 10, 2009 1:20pm
The SL rule is in post 1, and if the bar do not close in profit the MM is in post 1 and post 210. These are slightly different as in the post 210 it adds the spread to 1 pip (1 pip + spread) to have the SL above or below the open bar. It is like I understand.


Regards



Quoting damonl
Sounds good....

Here is how I have been testing it...

When the trade is triggered, let's say it is a long trade for GbpUsd. For GbpUsd I have a hard stop that is set at 45 pips. If at the end of the entry bar, we are not in profit, the stop loss then moves from the 45 pip stop to 1 pip below the low of the entry bar, and here it stays until we get a bar that closes in profit or this s/l gets hit.

I have the new version all set for testing tomorrow, but the stop rule above is how I have been doing all my testing.

Here is what I have been...
  • #337
  • Feb 10, 2009 1:25pm Feb 10, 2009 1:25pm
Quoting tommyd
O.K.
I did see this approach discussed I just don't see anything in the EA that does it.
(I am not a programmer by any means)
Thank you for the info...
I think it is here that closes it:

if (OrderType()==OP_BUY)
{
if (OrderProfit() > 0) // Bid-OrderOpenPrice()>Point*TrailingStop)
{
closeBuyOrder();
}
}
else if (OrderType()==OP_SELL)
{
if (OrderProfit() > 0) //OrderOpenPrice()-Ask>Point*TrailingStop)
{
closeSellOrder();
  • #338
  • Feb 10, 2009 1:26pm Feb 10, 2009 1:26pm
Quoting Dibanos
The SL rule is in post 1, and if the bar do not close in profit the MM is in post 1 and post 210. These are slightly different as in the post 210 it adds the spread to 1 pip (1 pip + spread) to have the SL above or below the open bar. It is like I understand.


Regards
yea looks like some confusion on this part. I see in the EA he uses +1 plus spread now. Mine overnight was 5 pips below the ej low, which ej has 4 pip spread. I think only when we look at the high should we add the spread, not the low.
  • #339
  • Feb 10, 2009 5:15pm Feb 10, 2009 5:15pm
Daily EA Totals Update:

6 failures out of 49 total... $1/lot = $324.09

Now, all 49 were without the stops put in and that costed the demo big time as the EA did not close a GU buy that failed and it is still in it down $280, so pretty much wiping out today's profit. The EA closed all other failures, just not this one, so lesson learned.

I am not quite sure what exactly the other filters are yet, so I will have to study it to determine if the EA traded correctly.
  • #340
  • Feb 10, 2009 6:05pm Feb 10, 2009 6:05pm
Following is my trading results using the ea for Tuesday, 2/10/2008. First I need to clear up a mistake on my part - not with the ea but how I've been trading the ea this week. Post #1 lists the SL for each pair traded and no TP. I have been playing around with an idea by Bobcat2 from an earlier post who was using both SL and TP set to the same values - basically making a 50/50 system. I had made up a template to try this out and got into the habit of setting a TP at the same value as the SL listed by damonl. Using a TP is not part of the system as described by damonl. Post #1 clearly explains the circumstances under which a profit is taken. My apologies for adding some confusion to the tp issue. My results from yesterday which I posted earlier did use a TP set to the same value as the SL - if I'm truly testing the system as outlined by damonl, I should not have done this. In some discussion on the thread today - the light finally came on as to how I got off course by setting a TP as I was experimenting with another approach (thank you llambert3 and others for pointing this out). My trades today also used a TP set to the same value as the SL. I've decided to go a head and post the results as it may be of interest to some as another way to trade. However, starting with the trading window tomorrow, I will let the ea close out the trades without me having changed the TP setting to a positive number. In other words, for each pair traded, the SL setting will be set to the ones listed in post #1 but the TP will remain at the default setting of zero. Sorry for the confusion .

Using the system as described above, with the three filters set to true and traded individually, my trading results for today was more or less a break even day:

GBP/JPY M30 W = 10 (166 pips) L = 8 (452 pips) Net = -286 pips
GBP/JPY H1 W = 0 (0 pips) L = 0 ( 0 pips) Net = 0 pips

USD/JPY M30 W = 13 (95 pips) L = 2 (50 pips) Net = +45 pips
USD/JPY H1 W = 5 (77 pips) L = 2 (50 pips) Net = +27 pips

EUR/USD M30 W = 6 (85 pips) L = 7 (253 pips) Net = -168 pips
EUR/USD H1 W = 3 (38 pips) L = 1 (35 pips) Net = +3 pips

GBP/USD M30 W = 10 (149 pips) L = 3 (121 pips) Net = +28 pips
GBP/USD H1 W = 2 (33 pips) L = 0 (0 pips) Net = +33 pips

EUR/JPY M30 W = 17 (399 pips) L = 5 (225 pips) Net = +174 pips
EUR/JPY H1 W = 8 (278 pips) L = 3 (91 pips) Net = +187 pips

Total M30 W = 56 (894 pips) L = 25 (1101 pips) Net = -207 pips
Total H1 W = 18 (426 pips) L = 6 (176 pips) Net = +250 pips

Daily Total W = 74 (1320 pips) L = 31 (1277 pips) Net = +43 pips

Weekly Total W = 146 (2335 pips) L = 53 (1940 pips) Net = +395 pips

Gary
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