Slingshot 30M & 1H - The 2nd Coming...... | Page 39 | 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......

  • #761
  • Feb 23, 2009 6:20am Feb 23, 2009 6:20am
Quoting flapper
What filters are you using?
I am using the default 2.10 version, I just changed the lot size(0.01).

The EA opened a new EURUSD sell position, but it lost 14pips.
  • #762
  • Feb 23, 2009 6:50am Feb 23, 2009 6:50am
Quoting vidal
I am using the default 2.10 version, I just changed the lot size(0.01).

The EA opened a new EURUSD sell position, but it lost 14pips.
What timeframe? I've had no losses in a long while. I am in 3 EU sells based on 1hr and each filter, but they are currently in profit and still in the trade. I realize you are only using the 1 filter, but how did the stop of 14 pips get hit already when the stop is 35 right now?
  • #763
  • Feb 23, 2009 7:06am Feb 23, 2009 7:06am
Quoting llambert3
What timeframe? I've had no losses in a long while. I am in 3 EU sells based on 1hr and each filter, but they are currently in profit and still in the trade. I realize you are only using the 1 filter, but how did the stop of 14 pips get hit already when the stop is 35 right now?
TF = 30

The settings:

#include <stdlib.mqh> // -NK- 20-Feb-2009
#include <stderror.mqh> // -NK- 20-Feb-2009

extern string basic = "==== Basic Settings ====================";
extern double TakeProfit=0;
extern double Stoploss=0;
extern double Lots=0.01;
extern bool UseRecommendedSLSettings = true; // if false, use manual entry for SL
extern bool PlaySoundWhenTradePlaced = true; // -NK- 20-Feb-2009
extern string PlaySoundFile = "alert1.wav"; // -NK- 20-Feb-2009 - File must be located in the sounds folder.
extern bool AlertWhenTradePlaced = true; // -NK- 20-Feb-2009

extern string manage = "==== Order Management ====================";
extern int BreakEvenAtProfit = 0;
extern int BreakEvenShift = 0; // Move the breakeven point up or down around the order open price
extern int TrailingStop = 0;
extern bool OnlyTrailAfterProfit = false; // Trailing Stop will only trails when order is profitable
extern bool Move_SL_to_Prev_Hi_Lo = true;


extern string account="==== Account Settings ====================";
extern int MinimumEquity=0; // New orders will be disabled if equity drops below minimum
extern int MinimumBalance=0; // New orders will be disabled if balance drops below minimum

extern string activity = "==== EA Activity Settings ====================";
extern int ConcurrentOrdersMax=1;

extern string id = "==== Identity Settings ====================";
extern int ExpertID=999999; // Magic number: for identifying an EA's orders
extern bool TimeSpecific=true; // If true, Time frames are considered in determining
// whether an order belongs to the EA or not
extern string ExpertName="SlingShot "; // Expert name: for aesthetic purposes

extern string Trading_Times = "==== Trading Time Settings ====================";
extern bool TradeSunday = false;
extern int GMT_OffSet = 0; //IBFX = 0, Alpari = +1, ForexMeta = +2, etc...
extern int TimeToTrade1 = 6;
extern int TimeToTrade2 = 19;
extern int FridayClose = 17;

extern string maxmacd = "==== MACD Colored Parameters ====================";

extern int FastEMA = 12;
extern int SlowEMA = 26;
extern int SignalSMA = 9;
extern int applied_price = 0;

extern string stoch = "==== Stochastic Parameters ================";

extern int KPeriod = 8;
extern int DPeriod = 3;
extern int Slowing = 3;

extern string zzi = "==== ZZi Parameters =======================";

extern int CCIPeriod = 14;

extern string money = "==== Money Management ====================";
extern bool Money_Management = false;
extern double Risk = 0.01;
extern int Max_StopLoss = 100;

extern string trades = "==== Trade Management ===================";
extern string tradedefinitions = "MMF = MaxMacdFilter, SF = StochFilter, ZF = ZZiFilter";
extern string tradesremark1 = "---- One Filter Trades ----";
extern bool TradeUsingMMF = true;
extern bool TradeUsingSF = false;
extern bool TradeUsingZF = false;
extern string tradesremark2 = "---- Two Filter Trades ----";
extern bool TradeUsingMMFandSF = false;
extern bool TradeUsingMMFandZF = false;
extern bool TradeUsingSFandZF = false;
extern string tradesremark3 = "---- Three Filter Trades ----";
extern bool TradeUsingMMFandSFandZF = false;

I am also attaching the print screen of my orders. It has opened a new USDJPY long position(+8 - the position is open).
Attached Image (click to enlarge)
Click to Enlarge Name: orders.JPG Size: 23 KB
  • #764
  • Feb 23, 2009 7:08am Feb 23, 2009 7:08am
gary gary bo berry... I just had 2 EU 30m trades (filters 2&3) open a buy immediately on 15:01gmt and close with -2 instantly... I guess the price went below the low and above the close with the new hour.
  • #765
  • Feb 23, 2009 7:14am Feb 23, 2009 7:14am
Quoting vidal
TF = 30

The settings:

#include <stdlib.mqh> // -NK- 20-Feb-2009
#include <stderror.mqh> // -NK- 20-Feb-2009

extern string basic = "==== Basic Settings ====================";
extern double TakeProfit=0;
extern double Stoploss=0;
extern double Lots=0.01;
extern bool UseRecommendedSLSettings = true; // if false, use manual entry for SL
extern bool PlaySoundWhenTradePlaced = true; // -NK- 20-Feb-2009
extern string PlaySoundFile = "alert1.wav"; // -NK- 20-Feb-2009 - File must be located in the sounds folder.
extern bool AlertWhenTradePlaced...
Oh I see.. yes ibfx prices didn't do as well as fxdd and it caused the stop to be hit.. fxdd had a 2 pip profit on that same trade and closed at +2.. ibfx new candle was -1 pip then hit the stop.
  • #766
  • Feb 23, 2009 7:22am Feb 23, 2009 7:22am
Quoting llambert3
Oh I see.. yes ibfx prices didn't do as well as fxdd and it caused the stop to be hit.. fxdd had a 2 pip profit on that same trade and closed at +2.. ibfx new candle was -1 pip then hit the stop.
What is the best TF in your opinion?
  • #767
  • Feb 23, 2009 8:16am Feb 23, 2009 8:16am
Hi Nick!

First, the puns were great! Junior - did you get it!?

I like your ideas and of having them as options is great. It gives us more MM options that can be tested. Your lead, Nick. I'll coordinate the various versions of the ea to keep all our changes in one place if that works for everyone.

Many thanks - Gary

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...
  • #768
  • Feb 23, 2009 8:20am Feb 23, 2009 8:20am
Hi sayembara -

I've used ATR is a similar fashion in the past. I think your correct in that it gives us some flexibility in testing beyond indi filters.

Gary

Quoting sayembara
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).
  • #769
  • Feb 23, 2009 8:31am Feb 23, 2009 8:31am
Good morniing hsa!

Another interesting week a head! Lets have some fun and success

Using the 'reliable' functions provided by Nick are new to me so I've got to study it a bit. Certainly provides a lot of feedback. However, for me, everything seems to be going great. The first hour wasn't the greatest but very positive since. I'm well over 100 pips at the moment.

The error messages I've seen so far have to do with the 'reliable' functions trying to place an order until it finally gets through. I've also noticed some 'price issues' when an order is being placed or modified and the entry price/modified price are too close to the current price for the request to go through. For example, for my broker there has to be more than a 4 pip difference between the current price and what the ea is requesting. Awkwardly written but hope you get the idea!

Gary



Quoting hsa013
...........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
  • #770
  • Feb 23, 2009 8:43am Feb 23, 2009 8:43am
Good morning Junior!

"pesky rabbit"?! I swear it was a bug......a bad bug.....with big teeth.....ok, so I missed it. Be nice and send your mother a fresh bunch of carrots (organic only) and I'll fix it.....again! It is a handy little feature.

I agree, for the last couple of weeks at least, the first hour of trading using the default has been a consistent loser.

Gary

Quoting llambert3
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...
  • #771
  • Feb 23, 2009 8:53am Feb 23, 2009 8:53am
Junior

You'll remember Damon had a 'time bar filter' rule (my description, not his) for a good while that said don't trade if your within 5 minutes of the close of a bar (can't remember now if it was a different time for M30 and H1). I think the idea was to avoid what I think happened to you = a trade taken very near the end of the bar and the entry price is very near the low/high of the entry bar. New bar opens, SL is reset to -1/+1 of the entry bar low/high......the price moves just a bit (in the wrong direction) and bingo, you hit the SL very very quickly. He dropped the system rule, and now I'm guessing, because it (1) didn't happen that often to worry about, or (2) the winners vs losers in this situation eventually fell on the 'more winners than losers" side and the rule wasn't needed. Not really sure however.

Gary


Quoting llambert3
gary gary bo berry... I just had 2 EU 30m trades (filters 2&3) open a buy immediately on 15:01gmt and close with -2 instantly... I guess the price went below the low and above the close with the new hour.
  • #772
  • Feb 23, 2009 9:38am Feb 23, 2009 9:38am
Quoting Pavatar
Junior

You'll remember Damon had a 'time bar filter' rule (my description, not his) for a good while that said don't trade if your within 5 minutes of the close of a bar (can't remember now if it was a different time for M30 and H1). I think the idea was to avoid what I think happened to you = a trade taken very near the end of the bar and the entry price is very near the low/high of the entry bar. New bar opens, SL is reset to -1/+1 of the entry bar low/high......the price moves just a bit (in the wrong direction) and bingo, you hit the SL very...
Thanks but no thanks.. you fool me once, well shame on me, you fool me twice, well shame on me again.. ha ha hee hee ha ha

Actually these trades opened and closed in the same 30m at the same time, so it wasn't opened 5 minutes before the end. They were opened and closed at 13:01 gmt..
  • #773
  • Feb 23, 2009 9:39am Feb 23, 2009 9:39am
Quoting vidal
What is the best TF in your opinion?
well we don't really know the best TF yet.. we are still working on it.
  • #774
  • Feb 23, 2009 9:51am Feb 23, 2009 9:51am
Hi

Is anyone trading through a trader with 5 digits apart from me? I'm with Alpari UK.
Now as a few hours have passed I still received error messages every 20-30 seconds, these are the main ones:

- invalid price
- Error:4105
- failed to execute close after 0 retries
- invalid ticket for OrderClose function
- OrderCloseReliable V0_2_3: attempted close of #0 price:0.00000000 lots:0.00000000 slippage:3
(Gary, I understood the orderclosereliable isn't an error but only a notification from the EA.)

and so on... i'll post a log file at close of play when I get home. I use all single filters and triple filter as well.

I wonder whether this has anything to do with me modifying the SL's in the mq4 file from 35 to 350, 45 to 450 etc.
Can I do that or shall I switch the recommended SL's off and put these multiplied values in the EA once it's running in Metatrader? I figured it doesn't matter but I am not able to check the code. Could you please advise.

Anyway, I'm still in negative for today but it's much better than earlier versions. It's still not as good as v2.0 was

hsa
  • #775
  • Feb 23, 2009 9:54am Feb 23, 2009 9:54am
Quoting hsa013
Hi

Is anyone trading through a trader with 5 digits apart from me? I'm with Alpari UK.
Now as a few hours have passed I still received error messages every 20-30 seconds, these are the main ones:

- invalid price
- Error:4105
- failed to execute close after...
I am up $260.89 and if I didn't trade the first hour would be over $400, so you probably are missing some trades.
  • #776
  • Feb 23, 2009 10:17am Feb 23, 2009 10:17am
Quoting llambert3
I am up $260.89 and if I didn't trade the first hour would be over $400, so you probably are missing some trades.
damn... I'm doing something wrong there, aren't I?

What I was planning to do was to try running two Metatrader instances in parallel, one with Alpari UK and one with FXDD to see how they compare. I'm waiting for a version of the EA which is behaving well in terms of coding.
I guess with v2.10 it's time to log in to FXDD as well!
We'll see....
  • #777
  • Feb 23, 2009 10:18am Feb 23, 2009 10:18am
Quoting hsa013
Hi

I wonder whether this has anything to do with me modifying the SL's in the mq4 file from 35 to 350, 45 to 450 etc.
Can I do that or shall I switch the recommended SL's off and put these multiplied values in the EA once it's running in Metatrader? I figured it doesn't matter but I am not able to check the code. Could you please advise.

hsa
hsa,

Error 4105 is "No Order Selected", and will occur if the OrderSelect() function fails. The current version should adapt itself to 5 digit brokers automatically.

Bob
  • #778
  • Edited 11:01am Feb 23, 2009 10:30am | Edited 11:01am
Quoting hsa013
Hi

Is anyone trading through a trader with 5 digits apart from me? I'm with Alpari UK.
Now as a few hours have passed I still received error messages every 20-30 seconds, these are the main ones:

- invalid price
- Error:4105
- failed to execute close after...
Yes... on my FXPro platform I'm getting the exact same error messages.
I don't think you have to modify SLs(adding the 0) anymore with 5 digit brokers. I'm pretty sure Gary coded the EA to differentiate between 4 and 5 digit brokers.
Also, just like llambert, 2 trades on G/U have instantly closed right after they were opened
It'll feel better when it stops hurting.
  • #779
  • Feb 23, 2009 10:30am Feb 23, 2009 10:30am
Don't feel too bad, hsa, I'm using ForexMeta and around 9:45am Central time (my time) the connection died with numerous trades active and never recovered, so at 10:00am I manually shut it down and rebooted the MT4 platform. Despite all the early morning losses, I'm still up $174. I'm using all three single filters set to true today. The one thing I keep seeing that is painful for me is when the trades go deep into profits but then the EA closes them later on at much lower profit levels. I'm sure it's doing what it's supposed to do but I hate giving back all that $$$
- Bowen (a.k.a. Wolf)
  • #780
  • Feb 23, 2009 10:43am Feb 23, 2009 10:43am
Quoting Cfi
Also, just like Damon, 2 trades on G/U have instantly closed right after they were opened
errr.. who am I? Gary or Damon? LOL
0 traders viewing now