Stretchy Slope. Blame Bunker for this one.

[feucht]

Those look like great results Bunker. I've not tried MPBM, I was thinking of going back to MPTM to control trades for Stretchy, as I don't think the JS works properly all of the time, and the 130 errors are pretty annoying. What settings do you use for MPBM, and was this with the original stretchy or my variant?

I'm currently trying out another filter restricting trades to where the H1 slope is stronger than the D1 in the other direction, so say H1=0.5 and D1=-0.6. It would have improved my terrible results from last week enormously, but trying to work out if it is any use more generally...

[Bunker]

Hey feucht,

To get these results, I was using the EA in post 1. Settings were TP 15, SL 40. But these results were not consistent. I reach BE after 3 weeks of trading.

I am now testing MPBM OOTB. 9 trades open so far. I'll post my results.

Interesting your concept of "stronger direction". I hope you don't mind me asking questions:
Do you think that a weight factor should be added to the D1? Since H1 is very dynamic compare to D1, chances are that H1 may fluctuate (several times) while D1 remains with the same value for a longer period.

Also, in your example above, isn’t -0.6 stronger than 0.5, but in a Short Direction ? Meaning, is it the “absolute value” you are looking at ?

Thanks for your explanations.

Cheers!

Bunker

[feucht]

Hi Bunker, yes I am looking at the absolute direction, so I was thinking of limiting to trades wheres the absolute value of H1 is greater than the absolute value of D1. I ran some scenarios on this, and it didn't really give me a great deal. You see patterns in the results but it is tricky to work out what you are really looking at.

Where H1 is stronger than D1, is it of course much more likely that the D1 value is quite small (if D1 is 1, the total stretch would have to be greater than 2 for this to happen, if D1 is 0.4, it might only be just over 0.8). Early on I defaulted the HtfBuyLevel (minimum D1 value where we would consider a trade) at 0.4 and haven't really looked at it again. I have noticed that trades taken when the D1 is close to 0.4 seem to have a better chance of being winners, so I have been running scenarios with lower BuyLevels, and from what I can see so far, a D1 slope of between 0.1 and 0.5 at open seems to be more successful than at higher levels.

This would fit in with previous findings of high stretches not being as likely winners, for a high stretch you most likely need a high D1, and with a low D1 the chance of H1 being stronger is much better too. From a fundamental point of view, I would expect stronger HTF trends to be better at snapping back the stretch than low ones, so it seems counter-intuitive.

I will look at cleaning up the EA and getting rid some of the extra stuff I added. I think we only really need the HtfMaxBuyLevel/HtfMinSellLevel over and above the standard SS, and try with a range between 0.1 and 0.5...

[fxjoe2]

Gents

I just discovered this EA - I got fixated on NB Autotrader and Multibob for a while.

What a great concept.

I see the thread is down to two contributors only.

All I would like to say is - Keep the faith.
You have something that might need some dynamic adjustment factor for market mood, but my gut tells me that your initial rubber band analogy was good.

I hope your research pays off in the end.
Like the excel tables.

Face it, it victory came easy......would it be victory at all?

FXJoe

[feucht]

Thanks Joe for the encouragement. Throughout all my research it has been quite hard to make old Stretchy lose a lot of money however mad you go with the settings, so I have to think that there is some gold at the heart of it. I've been running on demo for the last day with the new low D1 slope settings, and have been having a much more steady time of it than of late, with a nice trickle of small profits again totaling 120 pips.

I'm glad you like the Excel stuff, I realised yesterday that it would be much easier to model having a TP target than various combinations of Breakeven targets and locks, and that if you had a good TP worked out, you could base your breakeven around that (cause if it never reaches that level the BE won't do you any good). I can work out the results for a given set of parameters across about 20 pairs over 7 weeks of ticks in about 10 minutes now, so I can look at a lot more combinations. I will post another chart or 2 later on...

[Pipley]

Hi guys! I'm just checkin' in to letchya know that I also saw Stretchy turn around from some pretty negative numbers and still have high hopes! Unfortunately, end-of-summer (in mid-west U.S.) projects have been taking all of my time. Thanks again for all the hard work!

[feucht]

There have been some PMs asking for set files etc. Attached is the EA I am using currently with my settings as defaults. If you don't want to log slope values then set LogToCsv to false.

FXJoe's comments have made me think about the wider situation outside of the single pair we are trading (in each instance of the EA). I have been looking at getting the overall strength of the currencies involved like Baluda's SlopeStrength (averaging slopes over all the pairs a currency is involved in). I can work out what this was from my logged data, so am looking at what the stretch is between a currency's total slope at H1 and D1, and how this might provide another filter. How the hell I would write this into the EA I don't know! Thanks Joe!

[ianp]

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I have been running strechyslopefeucht2 since early tuesday morning , the only change to the posted version is I changed the jumping stop from 5 to 20 as i was getting 130 errors. lot size 0.1

I have left it to its own devices with very good results !!! see attached....

[Pipley]

HI ianp, Did this account start with $10,000 balance on Tuesday?! I ask this because your attachment only shows current trades. Thanks!

[ianp]

HI ianp, Did this account start with $10,000 balance on Tuesday?! I ask this because your attachment only shows current trades. Thanks!

Yes I started with 10k here are the closed trades..

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