Slingshot 30M & 1H - The 2nd Coming...... | Page 50 | 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......

  • #981
  • Feb 26, 2009 6:40pm Feb 26, 2009 6:40pm
Gary -

I noticed with the slingshot bars v_2 indicator that if the first signal is let's say long, and then we also get a short signal on the same bar, that the bar color will go to red. This is good for the indicator, but I was wondering if this could also be the a cluprit of our missed trades.

A few of the missed trades today 1st signalled in the wrong direction of the trend before giving us our trend trade signal. Could this type of scenario be causing any issues in the EA?
"Keep your eyes on the helpers" - Mr. Rogers
  • #982
  • Edited 7:07pm Feb 26, 2009 7:06pm | Edited 7:07pm
I agree that the ATR TP should not be used.

remember the development of this system originally was intended to scalp at whatever the market was giving at the close of the bar and using a stop loss in relation to market activity at the high of the previous bar

what has been changed here are a few filters and the SL rules to be a static number. I think that adhering to the original tested program as much as we can as far as taking profits would be the right play.

My thoughts on the implementation of the ATR SL rule i find is a theoretically superior method than a static stop loss (which wasnt what was intended in the original simple method to begin with). The market is going to take care of the TP using its own "dynamic ATR" method with the default rules of the EA anyways. This allows for those potentially big winners to reach new equity highs.

The only thing that needs to be tested is a variety of different ATR settings of course...

thoughts?

edit* and BTW i'll be using all three filters true - everything else false tonight to test. hopefully computer doenst poop out on me in the middle of the night again...
  • #983
  • Feb 26, 2009 7:09pm Feb 26, 2009 7:09pm
wow I have a lot of reading to do... I'll catch up in a bit.. I lost a lot today on 2.12 in fxdd 3 filters to true..
  • #984
  • Feb 26, 2009 7:59pm Feb 26, 2009 7:59pm
Damon -

I've not checked into the issue you described but I will. I have spent the day running down a possible issue which was causing the missed trades. I'm not going to go into a long winded explanation at the moment but will present some data/observations using the same data set and parameters described in my post a bit earlier. First, let me repeat some results using ea v2.12:

Version 2.12
--- mmacd _____ Profit = +184 ___ Trades = 64 ___ % Wins = 67.19
--- stoch _____ Profit = -117 ___ Trades = 54 ___ % Wins = 55.56
--- zzi _____ Profit = +109 ___ Trades = 55 ___ % Wins = 61.82
Net Profit = +176 Total Trades = 173

Modification #3 = same conditions to close trades but filter refresh different
--- mmacd _____ Profit = +107 ___ Trades = 78 ___ % Wins = 66.67
--- stoch _____ Profit = +17 ___ Trades = 64 ___ % Wins = 60.74
--- zzi _____ Profit = +150 ___ Trades = 60 ___ % Wins = 63.33
Net Profit = +274 Total Trades = 202

For this dataset a significant improvement in catching more trades and increased profits. It also interesting that the variance in the % winners is much less (= more consistent).

I've quickly gone over all the trades visually and the ea did a much better job of not missing trades. I need to pay more attention to the issue you raised. I think I'm going to clean up the code and post a new version for those who might want to give it a shot tomorrow.

In honor of the Wolf, the new version will be 3.0 .

Junior - can you tell me why hot dogs come in packages of 10 and hot dog buns come in packages of 8? .......... What does this have to do with the ea you ask............ah, grasshopper, therein lies the beauty of contemplation and of metal exercise! I don't want you staying awake tonight with such a heavy question on your mind...so, I'll answer a bit later if you don't know by then.

Gary



Quoting damonl
Gary -

I noticed with the slingshot bars v_2 indicator that if the first signal is let's say long, and then we also get a short signal on the same bar, that the bar color will go to red. This is good for the indicator, but I was wondering if this could also be the a cluprit of our missed trades.

A few of the missed trades today 1st signalled in the wrong direction of the trend before giving us our trend trade signal. Could this type of scenario be causing any issues in the EA?
  • #985
  • Feb 26, 2009 8:09pm Feb 26, 2009 8:09pm
Quoting Pavatar
Version 2.12
--- mmacd _____ Profit = +184 ___ Trades = 64 ___ % Wins = 67.19
--- stoch _____ Profit = -117 ___ Trades = 54 ___ % Wins = 55.56
--- zzi _____ Profit = +109 ___ Trades = 55 ___ % Wins = 61.82
Net Profit = +176 Total Trades = 173

Modification #3 = same conditions to close trades but filter refresh different
--- mmacd _____ Profit = +107 ___ Trades = 78 ___ % Wins = 66.67
--- stoch _____ Profit = +17 ___ Trades = 64 ___ % Wins = 60.74
--- zzi _____ Profit = +150 ___ Trades = 60 ___ % Wins = 63.33
Net Profit = +274 Total Trades = 202...
El senor, how did you profit today??? You tricking me or something?

The 2 extra hotdogs are to be fed to your dog. Sorry I haven't been around lately as I have started running again after work, so it eats away some of my free time, but hey its better for me... did you mean MENTAL exercise above or do you know something about metals I don't papa?
  • #986
  • Feb 26, 2009 8:26pm Feb 26, 2009 8:26pm
Hey Junior -

Regarding my question about the packaging of hot dogs vs hot dog buns and how the answer is related to the ea. The answer is ........... it doesn't have anything to do with the ea and I don't have a clue what the answer is! I was watching a stupid movie while working on the code - the question was asked while I was writing my earlier post, thought you might know the answer being the intellegent person you are. I can't stop thinking about the silly question - how dumb is that! If you knew the answer then I could sleep better later. Worth a try......movie is still on so I hope the monk who asked the question will actually answer it! To more pertinent information, I'll post ea version 3.0 in the next few minutes.

Gary
  • #987
  • Feb 26, 2009 8:52pm Feb 26, 2009 8:52pm
Hi All -

The new version of the ea is attached. It is the latest attempt to catch all the qualified trades that version 2.12 was missing. The back tests were much improved but forward testing has shown that the strategy tester in metatrader has issues = results can't always be trusted. This isn't news to anyone who has used the tester with any frequency in the past. So we'll see what forward testing has to tell us tomorrow. Enjoy......

Gary
Attached File(s)
File Type: mq4 Slingshot_3.0.mq4   61 KB | 320 downloads
  • #988
  • Feb 26, 2009 9:03pm Feb 26, 2009 9:03pm
Quoting Pavatar
Hey Junior -

Regarding my question about the packaging of hot dogs vs hot dog buns and how the answer is related to the ea. The answer is ........... it doesn't have anything to do with the ea and I don't have a clue what the answer is! I was watching a stupid movie while working on the code - the question was asked while I was writing my earlier post, thought you might know the answer being the intellegent person you are. I can't stop thinking about the silly question - how dumb is that! If you knew the answer then I could sleep better...
I see you chose to ignore my last post??
  • #989
  • Edited 9:34pm Feb 26, 2009 9:28pm | Edited 9:34pm
Hey Junior -

No, I wasn't ignoring you. Not only is my "mental" going "metal" but my multi tasking talent is down to 'single tasking' and the stupid movie has caught my attention - its near the end and no answer to the question yet! Panic is setting in!!

I was a runner for years but tore up a knee and that was the end of that. Swimming has turned out to be a great substitute. I think its great your back to running - not only for physical health but for mental health as well. Hope you have a safe place to run - runners, like motorcycles, seem to be invisible to drivers.

How did you know my dog ate hot dogs?!

Gary

Edit: Finally, the answer was the last lines of the movie! The question: Why do packages of hot dogs come in 10 and packages of hot dog buns come in 8? The answer (which is ok but I was really expecting something more creative): Life never turns out the way you expect it, so be happy with what you get. And to think I waited two hours for that bit of wisdom!

Quoting llambert3
...The 2 extra hotdogs are to be fed to your dog. Sorry I haven't been around lately as I have started running again after work, so it eats away some of my free time, but hey its better for me... did you mean MENTAL exercise above or do you know something about metals I don't papa?
  • #990
  • Feb 26, 2009 9:46pm Feb 26, 2009 9:46pm
well Gary, i don't particularly love running, but a few days a week should help shed the winter fat gain. By the way are you in Tampa? You have way more opportunity to swim than I do given your nicer winter weather.

Ok onto trading, I had a -$237 loss today. I find it "interesting" you cheaters made money today.
  • #991
  • Edited Feb 27, 2009 7:39am Feb 26, 2009 9:52pm | Edited Feb 27, 2009 7:39am
Gary,

Thanks for the version 3.0 EA! Get some rest after you set up Damon's mirror trades. Can't wait to see what the trade differences, if any, are between us even though we are on the same broker platform. PS> Thanks for skipping over v2.13 and going to 3.0. Now I don't have to worry about choking to death while eating a hotdog

Damon,

I'll run your same mirror trade setup again tomorrow with this new version and let you know how it goes.


All,
Somebody please remind me that we are, in fact, making progress
- Bowen (a.k.a. Wolf)
  • #992
  • Feb 26, 2009 10:14pm Feb 26, 2009 10:14pm
Quoting Pavatar
Hi All -

The new version of the ea is attached. It is the latest attempt to catch all the qualified trades that version 2.12 was missing. The back tests were much improved but forward testing has shown that the strategy tester in metatrader has issues = results can't always be trusted. This isn't news to anyone who has used the tester with any frequency in the past. So we'll see what forward testing has to tell us tomorrow. Enjoy......

Gary
Hi! Thanks for the new version, today I will try it on 30TF with just one filter because I don't want to have multiple orders.
  • #993
  • Feb 26, 2009 11:34pm Feb 26, 2009 11:34pm
one thought of input.... We should probably clean up the download page and make it very clear about which of the 3 indicators we need to download. there are a lot of different versions of what looks to be the same thing and it is slightly confusing.

at this point im not even sure if i am using the same indicators as everyone else is lol.

maybe someone can clear this up?
  • #994
  • Feb 27, 2009 1:13am Feb 27, 2009 1:13am
Quoting Cryder17
one thought of input.... We should probably clean up the download page and make it very clear about which of the 3 indicators we need to download. there are a lot of different versions of what looks to be the same thing and it is slightly confusing.

at this point im not even sure if i am using the same indicators as everyone else is lol.

maybe someone can clear this up?
Hi! I agree with you, I was thinking about it, another solution is when Gary release a new version he should add all the indicators to the EA in a Zip file
  • #995
  • Feb 27, 2009 5:24am Feb 27, 2009 5:24am
Quoting vidal
Hi! I agree with you, I was thinking about it, another solution is when Gary release a new version he should add all the indicators to the EA in a Zip file
That would be nice
  • #996
  • Edited 8:33am Feb 27, 2009 7:27am | Edited 8:33am
Hi C -

Hopefully I can clear up any confusion you and others are having about indicators and the ea.

For the ea to work, you need the following 3 indies in your indicator folder:
Stochastic
Zee Zee i
MACD_inColor

Everything else is optional. They help us to test/monitor the ea. These include:
slingshot_bars_v2
SSMultiFilter_v1 (monitor all 3 filters at once)
SSMaxMacdFilter_v1
SSStochFilter_v1
SSZZiFilter_v1

Some of us are manually testing a potential new filter:
HMA Modified

Damon uses a filter he hasn't released to us yet that you've seen mentioned which he refers to Advanced MACD.

I think that about covers it. I'll attach a zip file with all the goodies.

Gary


Quoting Cryder17
one thought of input.... We should probably clean up the download page and make it very clear about which of the 3 indicators we need to download. there are a lot of different versions of what looks to be the same thing and it is slightly confusing.

at this point im not even sure if i am using the same indicators as everyone else is lol.

maybe someone can clear this up?
Attached File(s)
File Type: zip Damons_SlingShot.zip   29 KB | 296 downloads
  • #997
  • Feb 27, 2009 9:27am Feb 27, 2009 9:27am
This is sooo frustrating, at some point the EA was in about $440 positive - trading with default 0.1 lots, I was eager to see if it closes these trades or not. Now an hour later everything is in big minuses and a couple of them have already been closed in a heavy loss.
I'm sure if this was live I would have (1) manually closed them instantly at +$440 or (2) jump out of the window an hour later
  • #998
  • Feb 27, 2009 9:47am Feb 27, 2009 9:47am
Gary, Damon and Junior,

Check your Private Messages. Get back to me when you can.

Thanks!
- Bowen (a.k.a. Wolf)
  • #999
  • Edited 10:58am Feb 27, 2009 9:54am | Edited 10:58am
Quoting hsa013
This is sooo frustrating, at some point the EA was in about $440 positive - trading with default 0.1 lots, I was eager to see if it closes these trades or not. Now an hour later everything is in big minuses and a couple of them have already been closed in a heavy loss.
I'm sure if this was live I would have (1) manually closed them instantly at +$440 or (2) jump out of the window an hour later
He-heeee!!! Don't feel too bad, hsa, I'm trading Damon's mirror for him again today, I only have two positive sell trades so far, a total of 16 pips and $34 profit. Its been a tough day so far for us both! Which filters/setting are you using?

Edit Update: OUCH! I just took a dual 45 pip loss on a gbpusd buy from 1.4260. One on the SF filter (2 lots) and one on the ZF filter (3 lots). Combined loss of -$225. I'm now down -$191 for the day.
- Bowen (a.k.a. Wolf)
  • #1,000
  • Feb 27, 2009 11:32am Feb 27, 2009 11:32am
Do we leave all settings by default, or are we supposed to change some of the settings....??
3 traders viewing now