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

  • #741
  • Feb 20, 2009 1:53pm Feb 20, 2009 1:53pm
Thanks BlackWolf -
I just looked at your trades for today - very good feedback, it really helps. Appears the close for each trade worked just right! In backtesting several of the later versions of the ea this week, I noticed each version worked well. Your results reinforce the notion we've been working on the last 48 hours or so that the problem is in opening/closing of trading with multi filters. I think the last vesion represents a big step forward in solving that issue - more later. If the ea behaves for multi trades like it did for your single filter trading, it should really help in testing the system itself. Many thanks for your very constructive, good humored and positive participation. We really appreciate it!

Gary

Quoting BlackWolf
As per my prior post, I stuck with v2.8 all day as I didn't encounter the errors of opening and closing trades as some others did but I traded the EA on all 5 pairs with 1H and 30M charts for each pair and only the option filter of TradeUsingMMF=true (MACD only), all other filters false.

I'm looking forward to the weekend and break in trading so we can analyze what we know so far. Would be nice if perhaps Gary or Damon can post a summary of all the knowns and unknowns (what is working and what is not) to date. TGIF!!!
  • #742
  • Feb 20, 2009 2:44pm Feb 20, 2009 2:44pm
Gary,

I stand corrected on my earlier posts. I did get the Error #4105 numerous times. Just had to look in the correct folder/tab (duh!). I guess the reason it didn't affect the trade open/close, however, was because of the single MACD filter = true only. v2.10 should eliminate this, I'm sure.
Attached Image (click to enlarge)
Click to Enlarge Name: Error 4105.JPG Size: 174 KB
- Bowen (a.k.a. Wolf)
  • #743
  • Feb 20, 2009 2:53pm Feb 20, 2009 2:53pm
1st (trading) post from me.

Ok...standard setup 3 single filter, 10 windows. Trying to understand how the Stoploss works in relation to trailing stop (i put 3 pips). Also, busy with work that I only open metatrader at limited hours. I put on 24hrs trading because I still hunting to catch the trailing stop in action.

7 winners, 1 loser. 0.1 lot each trade with end of day money of +$67.

My setup was not following the standard due to my own learning and experiment (noobie here). At least positive revenue is a good motivation to keep on testing next Monday
Attached File(s)
File Type: xls Statement.xls   12 KB | 227 downloads
  • #744
  • Feb 20, 2009 3:17pm Feb 20, 2009 3:17pm
sayembara -

Good start! Thank you so much for your help this week, it was a great help. Enjoy the weekend!

Gary

Quoting sayembara
1st (trading) post from me.

Ok...standard setup 3 single filter, 10 windows. Trying to understand how the Stoploss works in relation to trailing stop (i put 3 pips). Also, busy with work that I only open metatrader at limited hours. I put on 24hrs trading because I still hunting to catch the trailing stop in action.

7 winners, 1 loser. 0.1 lot each trade with end of day money of +$67.

My setup was not following the standard due to my own learning and experiment (noobie here). At least positive revenue is a good motivation to keep on testing...
  • #745
  • Feb 20, 2009 3:47pm Feb 20, 2009 3:47pm
Lots of incouraging stuff today. It seems that we are headed in the right direction and finding good people that are willing to help out in our quest to perfect this system. Me likey very much and thanks for all yoru help everyone and I hope you have a good weekend.

Blackwolf...enjoy your show, What those folks can do is amazing.

Gotta run for now.
"Keep your eyes on the helpers" - Mr. Rogers
  • #746
  • Feb 20, 2009 6:54pm Feb 20, 2009 6:54pm
Hey Damon

Thanks to a wonderful team effort over the last 10 days or so, I think version 2.10 has the trade management issues basically solved and includes some very useful features (GMT_offset, 5 decimal brokers, UseRecommendedSLSettings, Reliable Trade Management, alerts, Friday/Sunday trade options, etc).

Lots of contributions by many: Orest, llambert3, bbayles, sayembara, swnke2, TimeFreedom, BlackWolf, azjeff, nickj, Ronald Raygun, Dibanos, Tqo23, hsa013, ronrhodes, tommyd, Mr Benn, ianf0ster, dynamicsoul, redhouse, SXMTraker, Cfi, hazelj80, marisialb, flapper and others (sorry, don't mean to offend anyone not listed, it is my memory, not your much valued contribution!). My thanks to you all - this is fun!

The bottom line: Damon, our fearless and ever wise leader , your humble technical team has produced an ea (with perhaps with a bit more testing early in the week...... = always leave yourself an escape hatch ) that should lead to some of the systematic testing that was suggested and discussed a few days ago. In other words, perhaps we are ready to transition from getting an ea technically correct back to focussing on the trading system - your decision.

.....We wait, with great anticipation, to hear from the great one, your indisputable declaration about our next mysterious voyage into the great unknown. We dare not venture forth out of fear of utter chaos until only you, in your infinite wisdom, set our compass on this ship of discovery that will lead each of to .......... oops, sorry watching Star Trek while drinking a glass of wine (= mind warping combination indeed). Thank goodness its the weekend!

One last note (I promise, the last one) - if you think it timely and appropriate to share the advance macd I'd like to work on it over the weekend.

Ok, I lied...this is the last note. If the ea doesn't work, I'm placing all the blame on llambert3 - he is young and has years to get over it!

To all - have a wonderful weekend!

Gary
  • #747
  • Feb 21, 2009 5:55am Feb 21, 2009 5:55am
Gary,

Thanks for the new version. I look forward to trying it out next week.

Cheers everyone!
  • #748
  • Feb 21, 2009 9:21am Feb 21, 2009 9:21am
Quoting Pavatar
Ok, I lied...this is the last note. If the ea doesn't work, I'm placing all the blame on llambert3 - he is young and has years to get over it!


Gary
Ok guys I guess its time you all just call me by my real name. Its Gary!
  • #749
  • Feb 21, 2009 11:53am Feb 21, 2009 11:53am
Originally posted by llambert3
Quote
Ok guys I guess its time you all just call me by my real name. Its Gary!
You're kidding, right?!!!
  • #750
  • Feb 21, 2009 2:03pm Feb 21, 2009 2:03pm
Quoting marisialb
Originally posted by llambert3
You're kidding, right?!!!

well it depends on whether the EA stops working again
  • #751
  • Feb 22, 2009 9:23am Feb 22, 2009 9:23am
Quoting llambert3
Ok guys I guess its time you all just call me by my real name. Its Gary!
Junior!!! We wondered what happened to you when you ran off with the circus. Mom sends her love!

Dad
  • #752
  • Feb 22, 2009 5:40pm Feb 22, 2009 5:40pm
Quoting Pavatar
Junior!!! We wondered what happened to you when you ran off with the circus. Mom sends her love!

Dad
ha ha funny dad you are.. it wasn't the circus, it was wall street..
  • #753
  • Feb 23, 2009 2:25am Feb 23, 2009 2:25am
Good morning

It's nice to see a family reuniting after so many years, Garys!

OK, so I'm testing the 2.10 and it seems to have some problems, an excerpt from my Experts log is attached, could you please have a look.
BTW, the EA has traded a couple of times, but all of the trades were losses unfortunately.
thanks a lot!
hsa
Attached File(s)
File Type: txt hsa experts log.txt   9 KB | 308 downloads
  • #754
  • Feb 23, 2009 3:22am Feb 23, 2009 3:22am
Hello guys and Circus Performers! (that was funny BTW),

I've had some thoughts over the weekend that I want to throw into the discussion bowl and maybe 'juggle' with. They concern the following:

1. Using the Average True Range to calculate the Stop Loss. This would effectively give us a dynamic Stop Loss that wasn't currency dependent and also, and perhaps more importantly, was sensitive to the current timeframe that is being traded (e.g the SL for an hourly chart needs to be greater than that of a 15 min chart). This provides us with a different type of 'safety net'.

2. Using the Average True Range to take profits on the current bar.

See here for a description of the Average True Range http://stockcharts.com/school/doku.p...e_true_range_a. Using this within the EA, together with a multiplier for SL and a multiplier for TP to be used with the calculated ATR, we could set an optional SL and optional TP.

I was thinking something along the lines of:

2 * ATR for a Stop Loss
0.8 * ATR to take profits. This would avoid the situation where the price rises/falls on a bar and then retreats and thus profit is reduced.

I'm happy to code the above into the EA but thought I'd get some feedback first. Alterantively, Gary can take the lead. The coding wouldn't take too long and we would probably end up with 6 additional parameters:

UseATRForStopLoss (true or false)
ATRStopLossPeriod (14 by default)
ATRStopLossMultiplier (2 by default). This would double the calculated ATR value and use it as a Stop Loss
UseATRForTakeProfit (true or false)
ATRTakeProfitPeriod (14 by default)
ATRSTakeProfitMultiplier (0.8 by default).

As these would be optional parameters we could add them in and see how it goes i.e. they wouldn't be forced upon anyone. Any thoughts around this?

Cheers,
Nick.

NOTES: 1. Yes, puns were intended. 2. I'll only be around UK morning and evening for the most of this week.
  • #755
  • Feb 23, 2009 3:28am Feb 23, 2009 3:28am
...forgot to mention, don't worry about the calculations for ATR - there is a function within MetaTrader that does it for us (iATR).

Nick.
  • #756
  • Edited 6:01am Feb 23, 2009 4:18am | Edited 6:01am
My 2 cents: I use FXDD and had no errors at all. Using MMF only. See attached. 4 trades, 2 winners, 2 losers, overall. a loss. I like using ATR in the calculations and a multiplier. I'll be glad to be a guinea pig there and do some playing around with it...


Quoting swnke2
Hello guys and Circus Performers! (that was funny BTW),

I've had some thoughts over the weekend that I want to throw into the discussion bowl and maybe 'juggle' with. They concern the following:

1. Using the Average True Range to calculate the Stop Loss. This would effectively give us a dynamic Stop Loss that wasn't currency dependent and also, and perhaps more importantly, was sensitive to the current timeframe that is being traded (e.g the SL for an hourly chart needs to be greater than that of a 15 min chart). This provides...
Attached File(s)
File Type: xls DetailedStatement.xls   29 KB | 244 downloads
  • #757
  • Feb 23, 2009 5:02am Feb 23, 2009 5:02am
Hi everybody! I am testing the EA 2.10 in my real IBFX account, the lot is very small(0.01), but I believe in this way we can know how it is really working, I will post the results everyday in this thread, until now the EA had open 2 orders and both them closed in profit.

1) Buy EURJPY - the order was with +30 pips, but it closed the order with just +6pips

2) Sell EURUSD - +51pips

*The GMT time now is 11am
  • #758
  • Feb 23, 2009 5:31am Feb 23, 2009 5:31am
Quoting swnke2
...forgot to mention, don't worry about the calculations for ATR - there is a function within MetaTrader that does it for us (iATR).

Nick.
If this is implemented, I guess the priority will be as follows:
1. Use ATR SL/TP if 'true'
2. Else UseRecommendedSLSettings if 'true'
3. Else use manual.

With ATR, may be can explore the profitability to trade after 2000hrs. It can also 'auto adjust' to market volatility ranges assuming the Recommended SL settings are based on the dominant volatility for each specific pair.
Or, may be we can also use ATR to compare with SL baseline ...only trade if ATR higher than some value (volatile) and no order if otherwise (market is going flat).
  • #759
  • Feb 23, 2009 5:58am Feb 23, 2009 5:58am
What filters are you using?



Quoting vidal
Hi everybody! I am testing the EA 2.10 in my real IBFX account, the lot is very small(0.01), but I believe in this way we can know how it is really working, I will post the results everyday in this thread, until now the EA had open 2 orders and both them closed in profit.

1) Buy EURJPY - the order was with +30 pips, but it closed the order with just +6pips

2) Sell EURUSD - +51pips

*The GMT time now is 11am
  • #760
  • Feb 23, 2009 6:11am Feb 23, 2009 6:11am
yea we can add other filters for sure. I think they just want to make sure the ea follows the filters we have already correctly before they code additional ones. But it is up to the others from the island to determine that...lol

FXDD traded with no errors. One thing is the pesky rabbit took out the filters in the comments. The filters are on the charts only, but not in journal or comments of the trade.

Finally, looks like the 6gmt hour was the big loser, but since then almost mostly winners (which I'm suspecting the 6gmt hour needs to be moved up one as this has happened before). The alert still pops up saying trade 0 failed to close, but all the trades are closing. As of now, I am in profit.
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