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

  • #401
  • Feb 11, 2009 2:33pm Feb 11, 2009 2:33pm
Hi hsa013 -
In this system, increasing or decreasing the number of trading options isn't necessarily about getting more or fewer trades, its more about increasing the probability of having more winners than losers at the end of the day. For example, if the first three options are set to "true" and all 3 trends are long and you get a buy signal, then you could get 3 trades on a single bar. If all 3 trends are short and you get a buy signal, then you get no trades. If two trends are short and one is long and you get a buy signal, then you would get only one trade.

Second example, if you use the last trade option in our list, then all 3 filters have to be indicating the same trend at the same time for a trade to be executed. It is assumed (but not yet proven) that this would increase the chances of a winning trade. For example, if you get a sell signal then all three filters have to be indicating a short trend in order to get the trade executed. Even if only one of the three filters indicates a long trend, no trade would be placed in this example. In terms of number of trades per unit of time, this triple alignment of filters will happen less often than any one filter matching a buy/sell signal.

Last example, Let's say you had the first 3 trading options = true and the last trading option = true. All three filters indicate a short trend and price action gives you get a sell signal. In this case you would get 4 sell orders executed.

There are many combinations to be tested.

So yes we are increasing or decreasing the number of trades with adding and removing trading options but are we increasing our odds of winning with these various combinations? Overall, as I understand it, we are trying to find a combination of trading options which produce the most positive results. Whether its using one trading option at a time or some combination of options has yet to be determined. Thats why all the testing by you, me and others is providing data to help us determine the profitablilty of the system and to fine tune it for maximum positive results. Thanks to damonl we have a blueprint and we are trying to build and test some tools to help construct the final product.

Hope I'm not wasting your time with something you already understand.

Gary


Quoting hsa013
I know Gary, I know...
I simply wanted to see some nice pos pips, that's all.

but, it was rather surprising to see 4 entries for every bar, yesterday - with ALL filters set to TRUE - I haven't experienced this behaviour at all. That's why I said sg went wrong on my platform.

Shouldn't have been maybe 7 entries with all filters on yesterday ? If I'm reducing the number of filters, the entries should go down accordingly, is that right? (and vica versa)
Basically as I figured the "safest" setting is the 3x filter on true, and "most risky"...
  • #402
  • Feb 11, 2009 2:54pm Feb 11, 2009 2:54pm
Hi llambert3 -

Who knows? I'm running version 2.1 of the ea as originally posted (= haven't changed the SL code yet). Trading early in the window saved my bacon today as the afternoon produced poor results. How many winning trades did you have? I had a total of 83 'winners' today of which slightly more than half were 'come back' trades (hit the SL after it had moved to just below/above the low/high of the signal bar). If you traded the full recommended trading window then we should have had about the same number of winners (differences in part due to different brokers). Any significant difference?

Gary

Quoting llambert3
Wonder what you are doing differently than me? Also, I should say I fixed my code to do the spread + 1 only on the one already. I did it last night before trading started.. Wonder if that affected the results. I wish I ran another instance with say 100 pip stop on all pairs to see where that got me.
  • #403
  • Feb 11, 2009 2:56pm Feb 11, 2009 2:56pm
Excellent post, thanks Gary.
I think (or hope! ) that we are talking about the same thing. It's rather about probabilities and increasing chances than concrete numbers i.e. concrete # of trades.

Interesting - reading posts over a longer period - that setting all filters to true gives better results, doesn't it?

Anyway, I'll test that for the next week because if I'm not mistaken that is the closest to the original method (i.e. without ANY filters)
  • #404
  • Feb 11, 2009 3:10pm Feb 11, 2009 3:10pm
Hi nickj -

I trade on ForexMeta which generally has the same spread + 1 as FXDD - I think my broker is basically a bucket shop for FXDD - any way thats a different story. Since the holidays, the spreads have been terrible. As in past years, I've been waiting for them to settle back into more 'normal' ranges. For my broker that has not happened. While testing this trading system I've thought about doing what you did and not trade when the spread got out of a reasonable range. However, I decided that if the system could work with these large spreads, then things could only get better when the spreads narrow and/or trade only during times of acceptable spreads. Ever the optimist! With lots of testing to go, I've been pleased with the results I've gotten given I'm trading some pairs at times with very high spreads, spreads I would never trade in my live account. Thanks for making the note about which pairs you traded today - I'll follow your trading with great interest since it is more along the line of what I would normally do. I will note, however, that the GJ netted a +59 pips today, high spreads and all.

Gary

Quoting nickj
,,,,Traded 4 pairs 30m & 1hr. Didn't trade the GJ because the spread is too high from my broker (FXDD).
  • #405
  • Feb 11, 2009 3:31pm Feb 11, 2009 3:31pm
Quoting Pavatar
Hi llambert3 -

Who knows? I'm running version 2.1 of the ea as originally posted (= haven't changed the SL code yet). Trading early in the window saved my bacon today as the afternoon produced poor results. How many winning trades did you have? I had a total of 83 'winners' today of which slightly more than half were 'come back' trades (hit the SL after it had moved to just below/above the low/high of the signal bar). If you traded the full recommended trading window then we should have had about the same number of winners (differences in part...
Interesting.. I only had 70 TOTAL trades today. Maybe difference in broker.

Of the 70, 50 were winners and 20 were losers. I also traded from the beginning of the timeframe and as you can see from my morning post earlier today I woke up to a great amount of pips, but they were eaten up by close.
  • #406
  • Feb 11, 2009 4:13pm Feb 11, 2009 4:13pm
Maybe each of us should set the ea to do one specific thing and all download the same broker for the demo. Then we could show our results for a few weeks to determine?? I don't know, sounded like a good idea that hit my head. I mean after we get the ea code fixed anyway, but then we'd have to get other people to agree to do it..
  • #407
  • Feb 11, 2009 4:37pm Feb 11, 2009 4:37pm
hey llambert3 -

Interesting idea and I'm willing to participate. I agree that we wait until we get the ea to a point where we are sure there aren't any more bugs, and any relative bells and whistles have been added and tested. I think damonl is going to provide us with the 4th filter (advanced macd) which I'll need to incorporate into the ea. Not sure what his 'surprise' is but that may mean some additional work on the ea as well. I think damonl will be back as soon as he gets his computer problems corrected next week - we should hear more then. He is very creative and no telling what mischef he has been up to with all this quiet time.

Gary

Quoting llambert3
Maybe each of us should set the ea to do one specific thing and all download the same broker for the demo. Then we could show our results for a few weeks to determine?? I don't know, sounded like a good idea that hit my head. I mean after we get the ea code fixed anyway, but then we'd have to get other people to agree to do it..
  • #408
  • Feb 11, 2009 4:40pm Feb 11, 2009 4:40pm
llambert3
I agree, count me in. (altough I can't guarantee more than 80-90% of the time being on the internet)
I think we would need at least 2-3 weeks of continous testing (if not more) to get to a point where we can eliminate the worst options.
Also, we need at least 15 volunteers, don't we?
  • #409
  • Feb 11, 2009 4:56pm Feb 11, 2009 4:56pm
Quoting hsa013
llambert3
I agree, count me in. (altough I can't guarantee more than 80-90% of the time being on the internet)
I think we would need at least 2-3 weeks of continous testing (if not more) to get to a point where we can eliminate the worst options.
Also, we need at least 15 volunteers, don't we?
great... well right now we have 3 filters so:

a = macd
b = stoch
c = zzi

so we have ab, ac, a, b, c, abc ... what am I missing?

Edit... we'll have one more after damon comes back..
  • #410
  • Feb 11, 2009 5:18pm Feb 11, 2009 5:18pm
Hello everyone. My computer problems are not any better. I will even be suspending my daily trading as I cannot even open up my .xls file for managing my trades. I will be responding to a number of replies in this thread. the ones i can remember Gary, thanks for a fantastic job. I wish I could download version 2.1, but hopefully my computer will go in tomorrow night. The spread should not be used when figuring short trades and short s/l settings. Only for the long trades. The trade should also not close at b/e +1 after the close of the first bar unless the 2nd bar closese at b/e +1. I hope that this clears up some questions a few pages back.We've had some great posts and it is nice to see some other people getting involved. There are many possiblities to test with this system. I too would be curious to see the results of having s/l settings double what they are now for each pair. Chosing the best of the best is good, but we must remember that the market is always changing. What worked today, may not work at all next month. The key is to find something that will allow us to keep our profits when times are not so good and to really capitalize when times are great. So far in all our testing, this system has done that.Trading multiple different entries I think has been beneficial to this because some days one will work and the others won't, and that may change tomorrow and what worked today will not work tomorrow.It would be great to get a group of people together that are willing to test different setting within this EA. 15 sounds like a good number. We know that we have 9 just in messing with the different vairables of the trend setter. Then you start adding different s/l and t/p levels and I bet we can get to 15 easy. However, I would just like to use people who are contributing to this thread, or referrals from these people, and so it is probably best that we hand pick some people for testing who we know will be subjective to the testing process and are interested in this. Please don't give me a whole bunch of replies saying me, me, me when you can say the same thing even better by contributing to what we are doing and to what we have done so far.With that said, since I am not going to trade my dailies until my computer is fixed, I will try to give up the 4th filter tomorrow evening as it seems accessing the forum is not affected to much by my computer troubles.If I am able to get my computer in tomorrow evening if the updated hard disk is in, I will not be able to access the forum, so please...I will get caught up when I return. Keep this thing going. I think it is good and thought so the moment I learned of it. 99.9% of others I really hardly give a second glance at.peace out and I hope to be back soon....Damon
gosh...I cna't even make a paragraph anymore
"Keep your eyes on the helpers" - Mr. Rogers
  • #411
  • Feb 11, 2009 7:31pm Feb 11, 2009 7:31pm
I have been following this thread from the beginning. Since I am a newbie, I haven't had much to offer that hasn't already been mentioned, but I feel like I am soaking everything in like a sponge! I don't know if I "qualify" but I would be more than happy to help test. I will have to set up a new demo account since my other accounts are with FXPro which is a 5 digit broker. I want to thank everyone here for all their help. The only way us newbies will become seasoned traders (like y'all) is with the help of people like you!

Mary
  • #412
  • Feb 11, 2009 7:51pm Feb 11, 2009 7:51pm
Hi llambert2 -

Your missing "bc"

The additional filter will actually create several more options, for example:
d, ad, bd, cd, abd, acd, bcd, abcd. We will have t take some reasonable approach to all this when the family of filters and trade options are finished. It will get very large quickly. I'm a bit tired at this hour but I think I've got it right?!

Gary

Quoting llambert3
great... well right now we have 3 filters so:

a = macd
b = stoch
c = zzi

so we have ab, ac, a, b, c, abc ... what am I missing?

Edit... we'll have one more after damon comes back..
  • #413
  • Feb 11, 2009 7:52pm Feb 11, 2009 7:52pm
I also want to participate in doing testing with the EA, so please count me.

No sure it is correct to suggest one more filter. It is the indicator HMA modified. Additionally of actual three filters, I have been doing manually demo with it in the last 3 days and it really has been doing well. It will be so interesting if you also test this indicator like a filter for this system.
Regards

Quoting hsa013
llambert3
I agree, count me in. (altough I can't guarantee more than 80-90% of the time being on the internet)
I think we would need at least 2-3 weeks of continous testing (if not more) to get to a point where we can eliminate the worst options.
Also, we need at least 15 volunteers, don't we?
Attached File(s)
File Type: mq4 HMA Modified.mq4   5 KB | 259 downloads
File Type: ex4 HMA Modified.ex4   7 KB | 221 downloads
  • #414
  • Feb 11, 2009 8:37pm Feb 11, 2009 8:37pm
Quoting Pavatar
Hi llambert2 -

Your missing "bc"

The additional filter will actually create several more options, for example:
d, ad, bd, cd, abd, acd, bcd, abcd. We will have t take some reasonable approach to all this when the family of filters and trade options are finished. It will get very large quickly. I'm a bit tired at this hour but I think I've got it right?!

Gary
well I'll be!! You are right...
  • #415
  • Feb 11, 2009 10:33pm Feb 11, 2009 10:33pm
Quoting Pavatar
Hi nickj -

I trade on ForexMeta which generally has the same spread + 1 as FXDD - I think my broker is basically a bucket shop for FXDD - any way thats a different story. Since the holidays, the spreads have been terrible. As in past years, I've been waiting for them to settle back into more 'normal' ranges. For my broker that has not happened. While testing this trading system I've thought about doing what you did and not trade when the spread got out of a reasonable range. However, I decided that if the system could work with these large spreads,...
That's good to know. The GJ was at a 10 pip spread this morning....which just logically seemed high to me. I'll turn it on tonight for GJ and roll with the punches and see what happens. I'm trading very small micro lots as I test it in the live account - so at the end of the day not too worried.

Yeah, I haven't been very pleased with FXDDs spreads lately. They got a little better around the beginning of the year - but lately have just been terrible. I'll keep you posted.
  • #416
  • Feb 11, 2009 10:50pm Feb 11, 2009 10:50pm
Quoting hsa013
nickj,
how do you export to this format, showing the pips and today's trades only?
thanks!


guys,
something went wrong today, i'm thinking about reinstalling the EA and all filters. I've got only massively losing trades for the afternoon.

HSA-

If you right click while in your account history -> select custom period, then your date range. Then right click again and select "save as report." That will save it as a .htm file. Then open the .htm file in excel (or any spreadsheet program) From there just do the math. The easiest way is to divide the profit by the lots and that divided by 10. =(profit/lots)/10

...It would be nice if MT4 showed pips in the account tab...seems like a no-brainer...don't know why they don't include it as one of the columns....instead they choose to list columns likes "taxes" - go figure.
  • #417
  • Feb 11, 2009 11:24pm Feb 11, 2009 11:24pm
Quoting Pavatar
Hi llambert2 -

Your missing "bc"

The additional filter will actually create several more options, for example:
d, ad, bd, cd, abd, acd, bcd, abcd. We will have t take some reasonable approach to all this when the family of filters and trade options are finished. It will get very large quickly. I'm a bit tired at this hour but I think I've got it right?!

Gary
Not to add complexities - but the 3 filters actually creates 10 possibilities....it's too late at night to figure 4 filters at this point. But the 3 filter combos would look like this....right?
Attached Image
  • #418
  • Feb 12, 2009 1:55am Feb 12, 2009 1:55am
hi guys... been following the thread since last week.. Is there any option to trade without the filter?
  • #419
  • Feb 12, 2009 2:35am Feb 12, 2009 2:35am
Quoting Mr Benn
Nigel,

Thanks for your assistance; I'll give that a go.

One thing I have noticed. I'm getting this message in the 'Experts' folder of my terminal:

"2009.02.11 23:30:02 Cannot open file 'Crogram FilesFxPro MetaTraderexpertsindicatorsMACD_inColor.ex4' on the GBPUSD,M30"

This message is repeated many times over for each currency pair as well by the looks of things.

Anyway, the MACD idicator appears to be functioning properly so I'm a bit baffled by this. Is this a problem that has reared its ugly head before?

Cheers guys.
Mr Benn,
I don't know if you have made the same mistake as I have. I got loads of messages just like yours and discovered that the indicator that I thought was MACD_inColor (and says it is that on the screen when added to a chart) is actually MAC_inColour_Alert.
Having downloaded the correct indicator, placed it in the correct location and re-started FxPro I now get the message:
Custom indicator MACD_inColour GBPUSD,M30: loaded successfully

It is still too soon to know if the EA will now trade though.

Hope this helps,
Ian
  • #420
  • Feb 12, 2009 4:22am Feb 12, 2009 4:22am
Quoting nickj
Not to add complexities - but the 3 filters actually creates 10 possibilities....it's too late at night to figure 4 filters at this point. But the 3 filter combos would look like this....right?
Are you referring to how the ea is set up? If not, your 7, 8, 9 and 10 are already covered in the 1-6 ones, except you are missing a F T F in your first set,which would make 7.. I think
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