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

  • #781
  • Feb 23, 2009 10:50am Feb 23, 2009 10:50am
Quoting BlackWolf
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...
Blackwolf, I have had trades close over 100 pips in profit, so you win some you lose some.
  • #782
  • Feb 23, 2009 10:53am Feb 23, 2009 10:53am
HaHa... you can call me "El Stupido!" Sorry Gary!
It'll feel better when it stops hurting.
  • #783
  • Feb 23, 2009 11:05am Feb 23, 2009 11:05am
Quoting Cfi
HaHa... you can call me "El Stupido!" Sorry Gary!
lol now I'm laughing
  • #784
  • Feb 23, 2009 11:07am Feb 23, 2009 11:07am
For info, I am testing 24hrs mode, 0.1 lot. I only hilite the losers since they were not many

-Today between 4-6:59am GMT, I got 5 big losers (~$20 x 5).
-I have 1 medium loser ($9) between 7-8 am GMT but after that smooth cruising.
-Two losers (~$15 x 2) at 4-6pm GMT.

Overall at 4pm GMT, +$18 in account. Or about $118 if trading within 7-19hrs.

Summary: trade between 7-19 for favorable result.

p/s: I'll keep on going with 24hrs mode with this demo account. Good to see how it fail during early morning and hope can conclude something... not so good at analyzing the curves though.
  • #785
  • Feb 23, 2009 11:08am Feb 23, 2009 11:08am
Gary,

Not sure what is going on with trades in the minus, but it seems to be to our advantage... gbpjpy just had two negative trades that did not hit the stop, but were closed in advance in the negative, though they would've hit the stop. It seems like it is using the prior close of the candle as a reference.. sort of like my two -2 pips did... I am not sure. The trades were at 16:42gmt and closed at 17:00gmt.
  • #786
  • Feb 23, 2009 11:18am Feb 23, 2009 11:18am
hi hsa -

Leave your SL at the recommended numbers, the EA will take care of from there and make the necessary adjustments.

Gary

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...
  • #787
  • Feb 23, 2009 11:24am Feb 23, 2009 11:24am
Hey Junior -

Thanks for the info, I'll check it out and get back.

Gary

Quoting llambert3
Gary,

Not sure what is going on with trades in the minus, but it seems to be to our advantage... gbpjpy just had two negative trades that did not hit the stop, but were closed in advance in the negative, though they would've hit the stop. It seems like it is using the prior close of the candle as a reference.. sort of like my two -2 pips did... I am not sure. The trades were at 16:42gmt and closed at 17:00gmt.
  • #788
  • Feb 23, 2009 11:35am Feb 23, 2009 11:35am
Quoting Pavatar
hi hsa -

Leave your SL at the recommended numbers, the EA will take care of from there and make the necessary adjustments.

Gary
Ahhh.... me stupid then! I thought I was smart to put the x10 multipliers in the mq4... again, a nice showcase of my programming skills!
I'll see how the EA performs tomorrow with defaults...

Ok. But. What happens, if - for some reasons - I want to change the SL's at a 5 digit broker. Do I have to switch the "usedefaultSLsettings" or whatever it's called OFF and enter SL's in a 4 digit format eg. 35 (so the EA will take care of the multipliers) or do I need to enter them in 5 digit format eg. 350? I guess the first, eg. 35 - I just want to make sure.

Sorry to be a bit slow on this.... thanks for your help

hsa
  • #789
  • Feb 23, 2009 12:01pm Feb 23, 2009 12:01pm
Quoting sayembara
For info, I am testing 24hrs mode, 0.1 lot. I only hilite the losers since they were not many

-Today between 4-6:59am GMT, I got 5 big losers (~$20 x 5).
-I have 1 medium loser ($9) between 7-8 am GMT but after that smooth cruising.
-Two losers (~$15 x 2) at 4-6pm GMT.

Overall at 4pm GMT, +$18 in account. Or about $118 if trading within 7-19hrs.

Summary: trade between 7-19 for favorable result.

p/s: I'll keep on going with 24hrs mode with this demo account. Good to see how it fail during early morning and hope can conclude something......
Quick observation on the losses, I found that 5 losers were trades initiated during less than 5 mins of new bar (0-5m or 30-35m). This supports the 5 minute red zone discussion. If other testers don't find this similar pattern, consider this as coincidence. Else, we need to do some coding
  • #790
  • Feb 23, 2009 12:04pm Feb 23, 2009 12:04pm
Hey Junior -

I checked out the two trades in your post. The trades were losers but the ea did seem work - see attached. Well, let me rephrase the last statement. Something is a bit weird. First some basics to make sure we are talking about the same trades. The two trades were for gj H1, both opened at 1642 gmt and both closed at 1700 gmt. Both were simultaneous sell orders - one trade opened via the stoch filter and the 2nd trade was opened via the zzi filter. Price action (and the slingshot bar) indicated a sell signal. The maxmacd filter was showing a long trend = no trade.

The trades opened at 1642 gmt at a price of 137.46. The entry bar high was 137.89. The entry bar closed at 137.65 = trades not in a profit, therefore left open. The next bar (1700 gmt) opened at 137.64 at which time the SL was moved to 137.90 (close of entry bar high + 1) - the account history documents this. The price hit the SL and both trades closed at 137.90 for a loss of (44 pips x 2), you can see this on the attached chart. Now the mystery - the time on the account history shows the two trades closed at 1700 gmt (= open time). As I was writing this I had the idea of going back and checking the M1 to see what the PA was (will report back when I do). So, not sure - for me the ea worked as it should and I would have never checked it out from looking at the chart and not noticed the close time issue ( = does not compute!).

More later - Gary

Quoting llambert3
Gary,

Not sure what is going on with trades in the minus, but it seems to be to our advantage... gbpjpy just had two negative trades that did not hit the stop, but were closed in advance in the negative, though they would've hit the stop. It seems like it is using the prior close of the candle as a reference.. sort of like my two -2 pips did... I am not sure. The trades were at 16:42gmt and closed at 17:00gmt.
Attached Image
  • #791
  • Feb 23, 2009 12:13pm Feb 23, 2009 12:13pm
Hey sayembara!

Neat phrase/name/description you came up with - "5 minute red zone"! It speaks of "Danger Danger!!" I can hear the count down and the warning sirens. As a result, I'm in the escape pod now and will wait for the all clear signal before continuing.

Sorry about that, I could of just said it was a good observation of your trades, very appropriate terminology and we should keep an eye on this situation and report back. I'm sure Damon will offer words of wisdom on why he dropped it as well.

......but I'm still not returning to the mother ship until the stroke of the hour! .........just in case!

Gary

Quoting sayembara
Quick observation on the losses, I found that 5 losers were trades initiated during less than 5 mins of new bar (0-5m or 30-35m). This supports the 5 minute red zone discussion. If other testers don't find this similar pattern, consider this as coincidence. Else, we need to do some coding
  • #792
  • Feb 23, 2009 12:25pm Feb 23, 2009 12:25pm
Quoting Pavatar
Hey Junior -

I checked out the two trades in your post. The trades were losers but the ea did seem work - see attached. Well, let me rephrase the last statement. Something is a bit weird. First some basics to make sure we are talking about the same trades. The two trades were for gj H1, both opened at 1642 gmt and both closed at 1700 gmt. Both were simultaneous sell orders - one trade opened via the stoch filter and the 2nd trade was opened via the zzi filter. Price action (and the slingshot bar) indicated a sell signal. The maxmacd filter was...
well El Senior,

You are correct that the trades were accurate, and the stop was moved correctly, BUT the 17:00gmt close was what I was referring to. Except on fxdd it closed it at that price. My stop shows 137.99, but I am adding the spread to the high as I think it should be doing this. However the 2 trades closed at 137.74. The open of this 17:00gmt candle was 137.64, add 1 pip and the 9 pip spread and you get 137.74. Anyway, are you sure you are not looking at the close price in your history? Was it red? It would only be red if it hit the stop.
  • #793
  • Feb 23, 2009 1:46pm Feb 23, 2009 1:46pm
Hi hsa -

You don't have to worry about the x10 anymore no matter what parameters you chose to you. Just enter 25, 35 or whatever just like it was a 4 digit broker and the ea will take care of everything for you.

Hope that helps.

Gary

Quoting hsa013
Ahhh.... me stupid then! I thought I was smart to put the x10 multipliers in the mq4... again, a nice showcase of my programming skills!
I'll see how the EA performs tomorrow with defaults...

Ok. But. What happens, if - for some reasons - I want to change the SL's at a 5 digit broker. Do I have to switch the "usedefaultSLsettings" or whatever it's called OFF and enter SL's in a 4 digit format eg. 35 (so the EA will take care of the multipliers) or do I need to enter them in 5 digit format eg. 350? I guess the first, eg. 35 - I just want...
  • #794
  • Feb 23, 2009 2:12pm Feb 23, 2009 2:12pm
Gary,

Attached is how my V2.10 performed today. I used the recommended settings in the EA but I did make all three trade filter options = true today. I had a broken connection problem for about 15 minutes this morning (9:45am U.S. Central time) while all of the 17:00-17:59 trades were in play. I had to restart the platform to reconnect.
Attached File(s)
File Type: xls V2.10 All Pairs 1H 30M 02232009.xls   45 KB | 240 downloads
- Bowen (a.k.a. Wolf)
  • #795
  • Feb 23, 2009 2:41pm Feb 23, 2009 2:41pm
similar to mine on fxdd. Here are mine..
Attached File(s)
File Type: xls 02232009 slingshot.xls   52 KB | 258 downloads
  • #796
  • Feb 23, 2009 2:46pm Feb 23, 2009 2:46pm
All,

I'm using Alpari UK (5 digit broker) with version 2.10 on 1-Hour charts (8 currency pairs) are are down for the day. I'm using the UseRecommendedSLSettings set to true and Move_SL_to_Prev_Hi_Lo set as false and only TradeUsingMMF set to true.

I think I'll set the remaining One Trade filters to true and see how I go on tomorrow.

I'm just about to start work on version 2.11 with the ATR options discussed earlier - thanks for all the feedback.

Cheers,
Nick.
Attached File(s)
File Type: xls SlingShot Trades - 23rd Feb 09.xls   36 KB | 263 downloads
  • #797
  • Feb 23, 2009 2:47pm Feb 23, 2009 2:47pm
Check out the two lines right below the blue "highlighted" line. Remember I'm +2 so the time will read 1842 (=1642 GMT). What'cha think?

Gary





Quoting llambert3
well El Senior,

You are correct that the trades were accurate, and the stop was moved correctly, BUT the 17:00gmt close was what I was referring to. Except on fxdd it closed it at that price. My stop shows 137.99, but I am adding the spread to the high as I think it should be doing this. However the 2 trades closed at 137.74. The open of this 17:00gmt candle was 137.64, add 1 pip and the 9 pip spread and you get 137.74. Anyway, are you sure you are not looking at the close price in your history? Was it red? It would only be red if it hit the stop....
Attached Image (click to enlarge)
Click to Enlarge Name: Account Hist.gif Size: 17 KB
  • #798
  • Feb 23, 2009 3:19pm Feb 23, 2009 3:19pm
Quoting Pavatar
Check out the two lines right below the blue "highlighted" line. Remember I'm +2 so the time will read 1842 (=1642 GMT). What'cha think?

Gary
Yep it hit your stop. But you can see from my trades (I am also +2 GMT) that it did not hit the stop, but closed at open. It is like your spread ran up at the new candle to hit the stop. Could that be possible?
  • #799
  • Feb 23, 2009 3:35pm Feb 23, 2009 3:35pm
Hi All -
Attached are my results for today (2/23/2009). Traded the first 3 filters independently on 10 charts (M30/H1 for all 5 pair). Didn't do as well as some others but finished in the black. I'll spend time this evening running down some feedback from today. I'm still not sure at first glace if we have ea issues, or broker demo server issues or ........?! Anyway this should provide some good feedback for Damon as far as the system goes as well. I'm looking for some common technical issues with the ea and they aren't jumping out at me. Any common issues jump out to you? My house is being painted so I've been a bit distracted - looking forward to a quite evening for some quality study time. More later....

Gary
Attached File(s)
File Type: xls 022309.xls   44 KB | 201 downloads
  • #800
  • Feb 23, 2009 3:45pm Feb 23, 2009 3:45pm
Gary,

I think llambert3 (Junior?) already brought this up today but it's difficult to see in our end of day reports which option filter triggered which trades. We see it on the screen comments at the time of the trade but pretty soon I think we're going to need that to determine which filters work best and on which TF's once we move to phase II analysis on this thing. Especially if we are also thinking about testing additional filters like ATR, twin stochastics, etc., right?
- Bowen (a.k.a. Wolf)
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