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

  • #641
  • Feb 19, 2009 7:48am Feb 19, 2009 7:48am
Gary,

As of about 15 minutes ago, I'm locked, loaded and demo testing now with the new v2.6 EA and slingshot bars. Looks good so far.
- Bowen (a.k.a. Wolf)
  • #642
  • Feb 19, 2009 9:00am Feb 19, 2009 9:00am
Quoting hsa013
Thanks a bunch Gary!

i've just logged in to my home computer (which runs Metatrader) from work (long live Teamviewer! I hope my colleagues won't spot the charts on my big screen ) and changed to the newest version.
I'll get back to you with a report at the end of the day.

hsa
hmmm thanks for the tip on teamviewer.. we use gotomypc here at work, but I needed something free to connect to home..
  • #643
  • Feb 19, 2009 9:09am Feb 19, 2009 9:09am
Hello Gary,

I attached the EA to 4 charts, but I don't get any orders. I just changed the settings for TP, Lot, Trailingstop. The settings on the MT4/options and also on the EA for live trading are o.k. Can you please help?

Thank you a lot,

Holger
  • #644
  • Edited 9:54am Feb 19, 2009 9:17am | Edited 9:54am
SXM,

DO you have the indicators loaded in the indicator folder and do you see "Inside Trading Window" message on your chart comments? GMT offset is set in the EA as well?

Gary,

There was a connection outage just after 15:30 with my demo broker ForexMeta. A buy order for EURJPY 30M was in play and ran deep into profits (as much as $108). The connection was then re-established several minutes later. When should the trade close (hopefully in profit) on this one? It's still trading but lower in profit now than before. The first buy arrow shown was from v2.5 so ignor it. The second higher buy arrow is what is in play now.

Post Trade Edit: - This trade opened at 15:38 went up to over $108 in profit and then finally closed at 17:30 with $37.17 profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY M30.JPG Size: 63 KB
- Bowen (a.k.a. Wolf)
  • #645
  • Feb 19, 2009 9:17am Feb 19, 2009 9:17am
Quoting llambert3
Thanks Gary.

The EA still isn't closing trades correctly. Maybe it is FXDD only?

GU 1hr was taken at 10GMT and just closed 3 hours later. I have 3 30m GU buys at 12:47GMT and all were in profit at 13:00GMT (8am est) and they are still trading. Now the 1hr GU closed at 15:00GMT, so this could be why.

I have 2 eur/jpy 1hr trades that were taken at 12:47gmt and were in profit at 13:00GMT big time, but are still active.
Same here and I'm testing on IBFX and FXPro.
It'll feel better when it stops hurting.
  • #646
  • Feb 19, 2009 9:22am Feb 19, 2009 9:22am
Cfi,

Lamberts post you are referencing was relative to v2.5 and prior to Gary posting the v2.6 EA. Are you using and having the same issues with v2.6 as well?
- Bowen (a.k.a. Wolf)
  • #647
  • Feb 19, 2009 9:29am Feb 19, 2009 9:29am
Quoting Pavatar
Hi All -

From our discussions last night on the conditions that trigger a buy/sell signal I've changed the ea so the signals are both based on the bid price. The comment problem I accidently caused has been fixed. I've changed the sling shot bar to match up with the ea as well. Both new versions are attached.

I'm still having an issue with multiple trades based on different filters which are opened at the same time - the issue is that sometimes thay all close at the same time (as they should) and sometimes they don't. It appears random. At this...
I ran the strategy tester for february on EU and GU with the correct stops. EU using the 35 stop was horrible, but no stop was profitable. GU was profitable either way on 1hr, but 30m on both were not good at all. EJ, UJ and GJ was horrible no matter how you look at it. I did this with the 3 individual filters set to true. What did you backtest?
  • #648
  • Feb 19, 2009 9:36am Feb 19, 2009 9:36am
I've had to close manually on both 2.5 and 2.6. I'm running both on IBFX(4 digit broker) and FXPro(5 digit).
It'll feel better when it stops hurting.
  • #649
  • Feb 19, 2009 9:38am Feb 19, 2009 9:38am
Gary, on 2.6, the comments (down in the orders section) is too big now when you added the "Filter" word. I have big screen here at work and it still can't see it. I could not at home either, but it was my tiny laptop, so I thought I would wait for a trade to hit here to see what it showed. It only shows "Slingshot : 30m Filter(s) = " and that's all. The journal shows the rest of it though, but the journal restarts upon reboot I think.
  • #650
  • Feb 19, 2009 9:53am Feb 19, 2009 9:53am
Hi SXM -

Welcome! When you first load the ea, it takes a while for the filter trends to be determined and the time it takes varies with the filter. If you have indies in the correct folder and have got your happy face, then you probably just need to wait for the trends to be determined before the ea will start trading.

The system we are using developed by damonl, does not use a TP or Trailingstop (doesn't mean you can't, just not the way most of us are currently testing the ea/system. Our goal right now is to get the ea technically correct so it trades the system as defined by Damon in post #1. Basically we are looking for bugs to fix to get the ea correct and then we can test all the many possibilities of the system. You can manually trade the system until we get the ea worked out, Damon does this with great success.

Many of us are using the ea, so I know it is up and running if you have the correct indies in the indicator folder and your metatrader options set correctly. If you haven't read the entire thread yet, you'll find some helpful posts given to others when they first started the ea. I've mentioned the major ones.

Gary

quote=SXMTrader;2551049]Hello Gary,

I attached the EA to 4 charts, but I don't get any orders. I just changed the settings for TP, Lot, Trailingstop. The settings on the MT4/options and also on the EA for live trading are o.k. Can you please help?

Thank you a lot,

Holger[/quote]
  • #651
  • Feb 19, 2009 10:08am Feb 19, 2009 10:08am
Hey llambert3 -

Ya, that happened back a couple of versions ago when you and I added a couple of ideas together (= spreading the blame whether its true or not! ). I noticed it but forgot it needed fixing until your post. You know, old age and all that! I'll shorten it up on the next version.

Gary

Quoting llambert3
Gary, on 2.6, the comments (down in the orders section) is too big now when you added the "Filter" word. I have big screen here at work and it still can't see it. I could not at home either, but it was my tiny laptop, so I thought I would wait for a trade to hit here to see what it showed. It only shows "Slingshot : 30m Filter(s) = " and that's all. The journal shows the rest of it though, but the journal restarts upon reboot I think.
  • #652
  • Feb 19, 2009 10:12am Feb 19, 2009 10:12am
Hi Cfi -

Are you having to close all your trades manually? For me both 2.5 and 2.6 (currently in use) are closing all the trades. The only issue is on multiple trades opened at the same time (using different filters), occassionally one of the trades does not close with the others but closes out on a later candle. This is a random occurrence and I'm trying to figure out if why.

Gary

Quoting Cfi
I've had to close manually on both 2.5 and 2.6. I'm running both on IBFX(4 digit broker) and FXPro(5 digit).
  • #653
  • Feb 19, 2009 10:18am Feb 19, 2009 10:18am
Hey llambert3 -

My quick testing is done on the EU, TF = M30 , month of Jan. 2009 and filters 1-3. I didn't say the results were profitable (I don't think I did?) just much improved over earlier versions tested on the same dataset. Sorry if I gave the wrong impression. I was looking at the technical improvements in the ea and not whether I had the best filters, SL, etc to achieve a profit. Hope this makes sense?!

Gary

Quoting llambert3
I ran the strategy tester for february on EU and GU with the correct stops. EU using the 35 stop was horrible, but no stop was profitable. GU was profitable either way on 1hr, but 30m on both were not good at all. EJ, UJ and GJ was horrible no matter how you look at it. I did this with the 3 individual filters set to true. What did you backtest?
  • #654
  • Feb 19, 2009 10:23am Feb 19, 2009 10:23am
Hi all,

I propose adding the following codes to achieve several objectives:
1- No need to change stoploss for all 10 windows when changing to new version
2- Avoid human mistake when changing the stoploss
3- easily put to false if want to manually change the stoploss
4- Can also also apply this same concept for all 'recommended' setting for consistency purpose (at least for testing duration for comparison).

Here is the code (assuming such Metatrader commands exist!)

extern bool UseRecommendedSetting true; // if false, use manual entry
if (Symbol()=="EURUSD" && UseRecommendedSetting==true ) Stoploss = 35;
if (Symbol()=="EURJPY" && UseRecommendedSetting==true ) Stoploss = 45;
if (Symbol()=="GBPJPY" && UseRecommendedSetting==true ) Stoploss = 55;
if (Symbol()=="GBPUSD" && UseRecommendedSetting==true ) Stoploss = 45;
if (Symbol()=="USDJPY" && UseRecommendedSetting==true ) Stoploss = 25;
else Stoploss==40;
  • #655
  • Feb 19, 2009 10:50am Feb 19, 2009 10:50am
Quoting sayembara
Hi all,

I propose adding the following codes to achieve several objectives:
1- No need to change stoploss for all 10 windows when changing to new version
2- Avoid human mistake when changing the stoploss
3- easily put to false if want to manually change the stoploss
4- Can also also apply this same concept for all 'recommended' setting for consistency purpose (at least for testing duration for comparison).
Sayembara,

It seems to be a good idea, but I hesitate to fully agree, for two reasons:

(1) What happens to people who use brokers with 5 decimal places? Then we need an additional option in the settings to change between 4 and 5 digits easily. Gary, can you do that?

(2) What happens if one wants to experiment with different SL's? I know, the system works best with these, but still. Would these SL's be amendable in the settings?

I personally saved the whole set in templates for all 5 pairs (and then in a Profile). Every time I need to attach a new chart I just use the template.
Or if I used a different trading method at night I quickly load the slingshot profile with all settings correct.


Let us know what you think.

hsa
  • #656
  • Feb 19, 2009 10:59am Feb 19, 2009 10:59am
Quoting Pavatar
Hi Cfi -

Are you having to close all your trades manually? For me both 2.5 and 2.6 (currently in use) are closing all the trades. The only issue is on multiple trades opened at the same time (using different filters), occassionally one of the trades does not close with the others but closes out on a later candle. This is a random occurrence and I'm trying to figure out if why.

Gary
Hi Gary,
Most trades are closing automatically. But every so often, there's a wanderer that didn't follow the EA and I have to close manually on both 2.5 & 2.6. What's strange is that on v 2.1 ALL trades, some a little early, were closing automatically.

That being said, your time & effort on this EA is truly appreciated!

Also, wanted to say "thank you" to Damon for sharing his version of the Slingshot system!
It'll feel better when it stops hurting.
  • #657
  • Feb 19, 2009 11:23am Feb 19, 2009 11:23am
Quoting hsa013
Sayembara,

It seems to be a good idea, but I hesitate to fully agree, for two reasons:

(1) What happens to people who use brokers with 5 decimal places? Then we need an additional option in the settings to change between 4 and 5 digits easily....
Yes, for manual, put the boolean to "false". Then EA will bypass this quick setting and business back to usual. Can enter any stoploss as you wish
  • #658
  • Feb 19, 2009 11:29am Feb 19, 2009 11:29am
Hi All -

First, I'm sorry for posting seveal new versions of the ea in such a short period of time. I'm posting this new version with a few hours left in the trading window for a couple reasons.

First, I've changed the comment that shows up in the journal tab of the tester, the terminal trade tab (comments checked to on) and in the terminal expert tab. You can now see the filter used in trade (at least I can ). This should help with testing.

Second, I added a new function to the ea for closing the trades in a proper manner. I could not for the life of me figure out what was wrong with the original closing code as we all kept getting these odd, random closings. I'm cautiously optimist -......why you ask, afterall you've screwed this up in every version todate and declared victory before?! Well maybe once again I offer false hope.....but what the heck, lets give it a try. I ran this version on my little test data (EU, TF = M30 , month of Jan. 2009 and filters 1-3). There were 229 trades taken. I spent a good bit of time checking every trade and everyone of them closed properly. I did not check to see if trades were opened on all appropriate bars. I focussed on the closing issue.

llambert3 - my young friend - just to pass your 'truth in lending' clause, this filter combination resulted in a loss of 5% of equity. Again I was testing the technical accuracy of the ea only.

Gary
Attached File(s)
File Type: mq4 Slingshot_2.7.mq4   35 KB | 257 downloads
  • #659
  • Feb 19, 2009 11:31am Feb 19, 2009 11:31am
interesting message in the other slingshot system thread:

http://www.forexfactory.com/showthre...143819&page=25
post #367

actually, I wanted to ask this a long time ago: is this the same slingshot system originated from Martin Alexander, or different?
  • #660
  • Feb 19, 2009 11:42am Feb 19, 2009 11:42am
Hi

sayembara, your suggestions and discussion with hsa is interesting. There have been other constructive suggestions made to help, particularly in the testing phase of ea. I need to think about all this - I'm so focussed on getting the closing issue resolved (and its been a bug for which I need a very large hammer.......and several glasses of a fine wine ) that I've not payed enough attention to some very constructive suggestions. Sorry......

Gary

Quoting sayembara
Yes, for manual, put the boolean to "false". Then EA will bypass this quick setting and business back to usual. Can enter any stoploss as you wish
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