Slingshot 30M & 1H - The 2nd Coming...... | Page 24 | Forex Factory

Options

Go to
Permalinks
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......

  • #461
  • Edited 7:22pm Feb 12, 2009 6:10pm | Edited 7:22pm
Well since Damon moved the stop to +1 no matter if it went more than the 45 stop or whatever the stop, then I guess keep it like it is.

On another note, my FXDD here at home ended great today.. Here are my results in $'s...

EJ +$89.69 (losses = 8 out of 20)
EU +$341.00 (losses = 0 out of 16)
GJ -$105.19 (losses = 7 out of 18)
GU +$13.00 (losses = 5 out of 20)
UJ -$28.48 (losses = 2 out of 12)

Total = +$310.02

I certainly didn't expect a positive day today
  • #462
  • Feb 12, 2009 6:19pm Feb 12, 2009 6:19pm
Quoting hsa013
hi all,

here's today report, hope it helps a bit.
all 5 pairs, all single filters ON, double and triple filters OFF. also, I set up my account at 9GMT so a couple of hours were missed in the morning.

now with regards to digits, I've seen in many forums and on one of the brokers websites that if you are provided with 5 digits the only thing you need is modify your SL or TP as follows:

4 digits: SL/TP 35pips
the same in 5 digits: 350pips.
Basically an extra zero at the end. (or if you are sooo sophisticated it can be any number I guess.)

some...
You don't have any big $ amounts today? The very last hour I have $123 on GJ.
  • #463
  • Feb 12, 2009 6:50pm Feb 12, 2009 6:50pm
no, I don't have big $ amounts - and I only have loss in gbpjpy in the last hour. you made +? hmm...
(also, please note I'm trading 0.05 lots)

I'm trading with Activtrades at the moment.
Can anyone recommend a reliable US broker where I can use MT4 plus microlots?
I was looking at the forexpeacarmy.com's reviews and basically FXDD was the only one which seemed alright. Tradeview ranked better, but they don't allow microlots.
Also I'm asking this in terms of testing it, because we need certainty on two things:

1. Filter selection optimal - for consistency everyone should theoretically trade at the same broker's demo

2. EA works smoothly in different brokerages - for certainty we need to test it on as many broker as we can.

Now these two conflict - the only solution: keep on marching!
  • #464
  • Feb 12, 2009 6:56pm Feb 12, 2009 6:56pm
Quoting Pavatar
Todays trading results were horrible to say the least. However, the good news is that its the trading system, just a screw up in the ea. Today I had over 300% more trades than any day I've traded. It was death by a thousand cuts - the great majority of trades were losers, and small losers at that. I noticed this about mid day and noticed that almost all these trades closed before the entry candle had closed! The ea is not suppose to work that way!

Gary
Gary-

I don't think I experienced that same problem (if I understand you correctly). The only trades that closed early were if they hit S/L. Maybe the trades on the 1hr TF - I need to go back and look at those. It was a terrible day though. -667 pips. Maybe it's because tomorrow is Friday the 13th...

Attached are my results for the day. With some summaries by Pair as well as Long/Short. I had three massive winners at the end of the day for a total of +309 pips...so you can see that without those trades it would have really been a bad day. I haven't gone back to segment 30m vs 1hr. The USD performed well as you can see. Maybe just a coincidence.

Set Up:

  1. All 5 Pairs
  2. 30m and 1hr
  3. MF: True
  4. SF: True
  5. ZF: True
  6. S/L per post #1

Live account (FXDD)

Good Trading!
-Nick

Attached File(s)
File Type: pdf 2-12.pdf   37 KB | 311 downloads
  • #465
  • Feb 12, 2009 7:01pm Feb 12, 2009 7:01pm
I also meant to mention that I have not had those problems either Gary. They do not close early, just if it hits the stop or closes at end of candle.

I am using FXDD demo at $1/lot, but I believe they offer 10cents... I trade live with IBFX and they offer penny.. If you are just doing demo, can you do IBFX so i can see what kind of return it is getting?

Regarding the difference in brokers with so much of a loss for some and I made good money, it just doesn't sound right???
  • #466
  • Feb 12, 2009 7:04pm Feb 12, 2009 7:04pm
Quoting Pavatar
Hi ian -

ea is not currently written to work with 5 digit brokers.

Gary
I've been testing the EA on a 5 digit broker and a 4 digit broker. Executions on both were pretty much the same. A few were different only because of a pricing difference between the 2 brokers.
It'll feel better when it stops hurting.
  • #467
  • Feb 12, 2009 7:12pm Feb 12, 2009 7:12pm
Quoting hsa013
some people state this works with EAs as well, I haven't tested.
I tried Alpari UK demo (they provide 5 digits), but the EA simply did not work at all, I received hundreds of error messages.
Since Alpari is a 5 digit broker, did you add a "0" to the end of your SLs? For example the SL on EU should be entered as "350" instead of "35."
It'll feel better when it stops hurting.
  • #468
  • Feb 12, 2009 8:16pm Feb 12, 2009 8:16pm
Hi All -

It's about 9:15 pm EST. I signed on to post version 2.2 of the ea. It took a while but I located the bug that was closing out the trades too soon and also changed the code so that the SL would only decrease and not increase when a trade was not in the profit at the close of the entry bar. Well...........before I posted it, I was catching up on the thread and saw the comments by damonl about changing the SL even if it was larger (for a sell) and lower (for a buy) than the original SL. He also answered my earlier question about opening new trades before closing all the previous trades. So...........I'm going to sign off and change the code to met his requirements for the system. Shouldn't take long .....be back shortly to post the new version.

Gary
  • #469
  • Feb 12, 2009 9:03pm Feb 12, 2009 9:03pm
Hi guys,

Ok, first test with this system to which I have attached the report. Not brilliant, but I hope that the feedback will help you in some way. I know nothing about programming and stuff like that so I can't offer any suggestions on where to improve/what needs looking at etc..

I ran all 5 pairs on both 30m & 1hr timeframes. Only one filter was used, namely the MACD, so I only had that one set to true. All other filters set to false.

You'll notice as well that I also added the EUR/GBP pair. I thought I'd have a crack with this as I have been trading this pair manually on my live account using the original Martin Alexander slingshot system with some success.

Anyhow, I hope that this helps and look forward to testing the new updated EA at some point.

Cheers for now.
Attached File(s)
File Type: pdf Slingshot trial 12 Feb 09.pdf   82 KB | 363 downloads
  • #470
  • Feb 12, 2009 9:26pm Feb 12, 2009 9:26pm
I figured out why I ended the day positive and nobody else did. I use FXDD demo and I put in the EA to use gmt_offset of 2, which is correct.. and the time says 7 to 20, but I made a ton of money from 22:00 to 23:00 gmt+2, or 20:00 to 21:00 GMT, which is not supposed to be traded. The ea traded it and it was the last hour it traded. I thought Gary said that 20 would not be included, but it must be.
  • #471
  • Feb 12, 2009 9:33pm Feb 12, 2009 9:33pm
Hi guys.

Please tell me EA setting on FXDD.

Regards,

John
  • #472
  • Feb 12, 2009 9:56pm Feb 12, 2009 9:56pm
Ok - lets give this puppy a good test drive. Changes in this new version of the ea include:

1. Changes in SL per damonl's post #458;

2. Added a "FridayClose" parameter with default set to 17:59:59 per post #1. Remember that with a default setting of "17", the ea will trade until 17:59:59. If you set the parameter to "18" it will trade one hour past the recommended time by damonl. This also applies to the opening and closing of the trading window during the week. The defaults are "6" and "19" - this means the ea trades between 0600 and 19:59:59 per post #1 except for Friday which opens at 0600 but closes at 17:59:59.

3. Changed the screen comments to show how many trades are open and which trading option(s) triggered the trade(s) in the new bar. The numbers that will appear and disappear and the numbers correspond to the list of trading options in the ea parameter settings.

4. Fixed the problem of trades closing to early - should greatly reduce the number of +1/-1 trades.

5. Still need to change the code so that new trades can open on a new bar even if older trades are still open - this was mentioned in one of the last posts by damonl today. Want to test this a bit before I post the change.

Have fun

Gary
Attached File(s)
File Type: mq4 Slingshot_2.2.mq4   35 KB | 256 downloads
  • #473
  • Feb 12, 2009 9:59pm Feb 12, 2009 9:59pm
llambert3 - you tricky devil you, always finding ways to make the bucks .

Gary

Quoting llambert3
I figured out why I ended the day positive and nobody else did. I use FXDD demo and I put in the EA to use gmt_offset of 2, which is correct.. and the time says 7 to 20, but I made a ton of money from 22:00 to 23:00 gmt+2, or 20:00 to 21:00 GMT, which is not supposed to be traded. The ea traded it and it was the last hour it traded. I thought Gary said that 20 would not be included, but it must be.
  • #474
  • Feb 12, 2009 10:09pm Feb 12, 2009 10:09pm
Quoting Pavatar
llambert3 - you tricky devil you, always finding ways to make the bucks .

Gary
ha ha you tricky devil.. 2.2 says 6 to 19 instead of 7 to 20.. hmmm

Gary, on the +1 high/low stop you've reversed it in 2.2.. Please recheck your code. When in a buy, we want -1 of the low WITHOUT spread.. I think you've done the opposite and included spread here and not on the sell.
  • #475
  • Feb 13, 2009 2:52am Feb 13, 2009 2:52am
Quoting Pavatar
Ok - lets give this puppy a good test drive. Changes in this new version of the ea include:

...
Have fun

Gary

Thanks a lot Gary I'll be testing today and get back to you once it's finished
hsa
  • #476
  • Feb 13, 2009 6:50am Feb 13, 2009 6:50am
well Gary, I left the one at work running the 2.1 code and the 2.2 at home. Though I am down -$128.89 at home, the one at work is much worse. It looks like the closing of trade is fixed.
  • #477
  • Edited 7:45am Feb 13, 2009 7:10am | Edited 7:45am
Hi llambert3 -

I could tell you the truth and say I put in the wrong defaults for the trading window in version 2.1.......but that wouldn't be any fun. Instead I think I'll blame it on a 'secret' test which you failed because you didn't notice it!

Regarding the continuing SL issue: the following is a quote from damonl from a few pages back (post #410) in reponse to our discussion about the SL:

"The spread should not be used when figuring short trades and short s/l settings. Only for the long trades...."

In post #458 our fearless leader damonl writes:

"Honestly, I did all my testing by moving the s/l regardless of where it moved to. Even if it happened to be more than the s/l. Since this was the rule i stuck with it for testing."

So I changed the code once again regarding moving the SL to:

void moveStopLosses()
{
int cnt, total = OrdersTotal();
double dblStop;
for(cnt=0;cnt<total;cnt++)
{
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
int index = iBarShift(NULL, 0 , OrderOpenTime());
if (index==-1) return;

if (orderBelongsToMe() && OrderProfit() < 0)
{
if (OrderType() == OP_BUY)
{
dblStop = Low[index]-(MarketInfo(Symbol(),MODE_SPREAD)*Point)-1*Point;
OrderModify(OrderTicket(),OrderOpenPrice(),dblStop,OrderTakeProfit(),0,Green);
}
else if (OrderType() == OP_SELL)
{
dblStop = High[index] + 1*Point;
OrderModify(OrderTicket(),OrderOpenPrice(),dblStop,OrderTakeProfit(),0,Red);
}
}
}
}


What'cha think?

Gary


Quoting llambert3
ha ha you tricky devil.. 2.2 says 6 to 19 instead of 7 to 20.. hmmm

Gary, on the +1 high/low stop you've reversed it in 2.2.. Please recheck your code. When in a buy, we want -1 of the low WITHOUT spread.. I think you've done the opposite and included spread here and not on the sell.
  • #478
  • Feb 13, 2009 7:18am Feb 13, 2009 7:18am
Hey llambert3 -

I forgot to respond to a comment from you earlier. The change in code to fix the issue of the trades closing early was literally changing a "0" to a "1" in one line of code. This got rid of many of the +1/-1 trades. I think you asked if the way the ea closes trades in version 2.1 could be kept as an option - the answer is yes, just a couple more lines of code here and there. I didn't do it in version 2.2 because I think the initial goal should be to get the ea to trade according to damonl's system.

Gary

Quoting llambert3
well Gary, I left the one at work running the 2.1 code and the 2.2 at home. Though I am down -$128.89 at home, the one at work is much worse. It looks like the closing of trade is fixed.
  • #479
  • Feb 13, 2009 7:22am Feb 13, 2009 7:22am
Thanks Mr Benn for the feedback. It's appreciated - the more feedback, the quicker and easier it is to get this system fine tuned and the bugs out of the ea.

Gary

Quoting Mr Benn
Hi guys,

Ok, first test with this system to which I have attached the report. Not brilliant, but I hope that the feedback will help you in some way. I know nothing about programming and stuff like that so I can't offer any suggestions on where to improve/what needs looking at etc..

I ran all 5 pairs on both 30m & 1hr timeframes. Only one filter was used, namely the MACD, so I only had that one set to true. All other filters set to false.

You'll notice as well that I also added the EUR/GBP pair. I thought I'd have a crack with this as I have...
  • #480
  • Feb 13, 2009 7:26am Feb 13, 2009 7:26am
Hi John -

For FXDD set the GMT offset to +2. Change the SL for whatever pair(s) your trading to the values in post #1 and then change the trading options to 'true' for those ones you want to test.

Gary

Quoting JohnHitachi
Hi guys.

Please tell me EA setting on FXDD.

Regards,

John
1 trader viewing now