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AmazingEA: Automated Straddle Trading Expert Advisor

  • #341
  • Jul 28, 2017 11:22am Jul 28, 2017 11:22am
Hello Alan, the ea seems very promising, but there are some unclear behaviours:

For example I do a BUY trade, so the Ask price is above the trigger,
TrailImmediate = true, so begins to trail immediatelly, ok.

and I have a spread of 30
and trailing stop of 20

Question:
Then the trailing stop is
A: under the BID price with 20 points, or
B: under the ASK price with 20 point, and in this case my order is closed, because the spread is larger, than the trailing?

And if AddSpreadToSL is true, it affects only the original SL, or the trailing as well?

Thanks
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #342
  • Jul 30, 2017 11:12pm Jul 30, 2017 11:12pm
Quoting sinusgamma
Hello Alan, the ea seems very promising, but there are some unclear behaviours: For example I do a BUY trade, so the Ask price is above the trigger, TrailImmediate = true, so begins to trail immediatelly, ok. and I have a spread of 30 and trailing stop of 20 Question: Then the trailing stop is A: under the BID price with 20 points, or B: under the ASK price with 20 point, and in this case my order is closed, because the spread is larger, than the trailing? And if AddSpreadToSL is true, it affects only the original SL, or the trailing as well? Thanks...
Thanks for your question. On your example Buy trade, the Trailing Stop should be under the Bid price by 20 points. I would always use AddSpreadToSL=true. I put that setting in there years ago at somebody's request and should really take it out as it would be a bit crazy to set it to false.

If you are seeing any different behaviour, let me know and I'll look into fixing it.

Alan
  • #343
  • Jul 31, 2017 2:42am Jul 31, 2017 2:42am
Thank you
I wasn't sure about the behaviour, but now it is clear.
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #344
  • Jul 31, 2017 4:57am Jul 31, 2017 4:57am
Hi Alan, this ea works great except for 1 crucial thing. If the maxspread has been exceeded at the point that the news is released, but then drops to below the maxspread limit during the spike, it wont put the orders back in and you miss the move. I tried setting the news time to 5 seconds after the news and changing bmo to 5 seconds before the news and that allowed it to put the orders back in but they are still being modified to maintain the points gap. So you finish up with some kind of trailing pending order. Basically, it can only place new orders that respect the points gap setting. I think this can be fixed with a simple line of code.

I look forward to your response.
  • #345
  • Aug 3, 2017 6:57am Aug 3, 2017 6:57am
Hi Alan,
today the Amazing EA didn´t trade the GBP "Official Bank Rate" but 30 minutes later it had trade the GBP "BOE Gov Carney Speaks"...
was there something wrong with the news.calendar?

A nother problem I have is that I´m trading the german MDAX, from time to time it happens that my position will be closed at a weird price that is even not in the near of the current price range, the execution price wasn´t reached during the last 5 days!!??
Do you know how that can be?

Best regards
Chris
  • #346
  • Aug 3, 2017 8:17am Aug 3, 2017 8:17am
Quoting RichiRich99
Hi Alan, today the Amazing EA didnt trade the GBP "Official Bank Rate" but 30 minutes later it had trade the GBP "BOE Gov Carney Speaks"... was there something wrong with the news.calendar? A nother problem I have is that Im trading the german MDAX, from time to time it happens that my position will be closed at a weird price that is even not in the near of the current price range, the execution price wasnt reached during the last 5 days!!?? Do you know how that can be? Best regards Chris
Hi Chris

Occasionally, Forex Factory messes up the XML version of the calendar. The problem tonight was that the Impact was not in the XML calendar at all.

So instead of:
<impact><![CDATA[High]]></impact>
there was:
<impact />
which is no impact at all. I've never seen this before and I will complain to FF about it.

The EA is set to filter for only HIGH impact events so wouldn't pick these up. But setting it to Low does pick it up (see screenshot)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB
  • #347
  • Aug 3, 2017 8:28am Aug 3, 2017 8:28am
Quoting Jrobfx
Hi Alan, this ea works great except for 1 crucial thing. If the maxspread has been exceeded at the point that the news is released, but then drops to below the maxspread limit during the spike, it wont put the orders back in and you miss the move. I tried setting the news time to 5 seconds after the news and changing bmo to 5 seconds before the news and that allowed it to put the orders back in but they are still being modified to maintain the points gap. So you finish up with some kind of trailing pending order. Basically, it can only place new...
Yes it could be fixed with a simple line of code. But I deliberately didn't want to allow orders to go in during the move. I know it may sound arrogant but sometimes you have to choose an option that will suit most people but won't suit everybody.

I think most news traders expect a spike in the spread - the idea with MaxSpread was to set it quite high so if a broker sets the spread to 150 -200 points (15 to 20 pips) then that is unacceptable and the trader would rather miss the trade and possibly look for another broker.

Also, if you record the prices as the EA does in the AmazingEA-Ticks.csv file, you can see that 9 times out of 10, the spread will spike bang on the News time and won't return to normal for at least 15 -30 seconds.

So what you propose won't make much difference.
  • #348
  • Aug 3, 2017 1:53pm Aug 3, 2017 1:53pm
I understand the reason you made it like that and I would have done the same thing as it wouldn't cater to most people.

However i still want to test this idea as with my broker, the spreads are around 10 pips just before the spike but as soon as the spike is in play the spreads tighten to the normal range. It would be useful to be able to slip an order in during the spike when the spreads are tighter (much lower risk).

Also, I've noticed when setting sleep on the maxspread to 1ms, the ea can react fast enough to slip orders in and out (of course there is the risk of getting caught if the spread suddenly widens). All it needs now is a line of code that can place new orders after secofnews but before stwan and the orders have to be the same price as the previous order.

this is what i have so far (probably useless but at least i had a go!):

if ((secofday>secofnews) && (secofday<(secofnews+STWAN)))
{
OpenBuyStop(); // need this to be @ the same price as the last ticket instead of @ ask + pointsaway. Not sure how to do it.
}

Your help would be HUGELY appreciated
  • #349
  • Aug 7, 2017 5:29am Aug 7, 2017 5:29am
Quoting Jrobfx
I understand the reason you made it like that and I would have done the same thing as it wouldn't cater to most people. However i still want to test this idea as with my broker, the spreads are around 10 pips just before the spike but as soon as the spike is in play the spreads tighten to the normal range. It would be useful to be able to slip an order in during the spike when the spreads are tighter (much lower risk). Also, I've noticed when setting sleep on the maxspread to 1ms, the ea can react fast enough to slip orders in and out (of course...
So the issue with what you are doing is that it will take time to open a trade just as the news hits and you will get bad slippage. The spreads won't kill you but the slippage will. Most people don't use MaxSpread anyway as Slippage is a bigger issue.

Also, if you tried to open a Buy Stop at an old price it will just error as the current prices will have changed.
  • #350
  • Aug 8, 2017 8:19am Aug 8, 2017 8:19am
Problem with Calendar

So I have reported the Calendar issue multiple times to FF.

The situation is that somebody forgot to put an impact beside many of the Calendar events - maybe they got a new 'intern' who wasn't sure of the importance of this data.

So they fixed the impact but put the words high, medium and low in lowercase with spaces around each. After reporting the error again, the spaces were removed, but the words remained in lowercase. Am now waiting for the impacts to be High, Medium and Low with UPPERCASE 1st Letters. Sheeesh!

If you want to help out, please feel free to bombard FF with requests to fix. I use the Contact Form at the bottom of the page and use the 'Website Feedback' option.

Alan
  • #351
  • Aug 10, 2017 4:40am Aug 10, 2017 4:40am
Hi Alan,
the autotrade function is still not wprking...do have any news abput FF?

Best reagrds
  • #352
  • Aug 10, 2017 5:14am Aug 10, 2017 5:14am
Quoting RichiRich99
Hi Alan, the autotrade function is still not wprking...do have any news abput FF? Best reagrds
So I have reported this issue multiple times and tonight I got multiple replies that it will be fixed shortly. Apparently, the FF site was having multiple upgrades earlier this week, and I think they were snowed under. If anybody uses 'Forex Notifier' on Android, you would notice that isn't working either - same issue.

Although AutoTrade isn't working, one can still use the EA manually setting the NYear to NMin parameters. I advise users to do that and hopefully next week the Calendar will be back to normal.
  • #353
  • Aug 10, 2017 11:34pm Aug 10, 2017 11:34pm
So Autotrade is working again now as the XML Calendar (http://www.forexfactory.com/ffcal_week_this.xml) has now been fixed.
  • #354
  • Aug 25, 2017 10:24am Aug 25, 2017 10:24am
Hi Alan,
great that the Anasing EA works again, thanks for you support!

Today was `Fed Chair Yellen Speaks` but the EA didn´t trade, do you have any idea about it?

Chris
  • #355
  • Aug 25, 2017 11:04am Aug 25, 2017 11:04am
If I remember rightly Chris, the EA had the ability to trade or not trade speeches, came down to the settings of the individual

Greg
  • #356
  • Aug 25, 2017 11:48am Aug 25, 2017 11:48am
Quoting crootster
If I remember rightly Chris, the EA had the ability to trade or not trade speeches, came down to the settings of the individual Greg
Hi Greg,
thanks for helping out!Yes your right, but I traded most of the `Speaches` and my settings are: ´exclude speaches´ set to: false
So I´m shure that it should have traded the Speach....or do I have overlooked somethig?
  • #357
  • Aug 25, 2017 6:21pm Aug 25, 2017 6:21pm
Quoting RichiRich99
{quote} Hi Greg, thanks for helping out!Yes your right, but I traded most of the `Speaches` and my settings are: ´exclude speaches´ set to: false So I´m shure that it should have traded the Speach....or do I have overlooked somethig?
I tried it myself and it would have worked. I put the time back on my PC and loaded up the EA with those settings.

Did you have ReadSettings switched on? If so, the CSV file needs an entry for the exact wording 'Fed Chair Yellen Speaks' otherwise it defaults to not trading (AllowBuys/AllowSells are set to False).

Alan
  • #358
  • Aug 26, 2017 5:07am Aug 26, 2017 5:07am
Quoting Alan111S
{quote} I tried it myself and it would have worked. I put the time back on my PC and loaded up the EA with those settings. Did you have ReadSettings switched on? If so, the CSV file needs an entry for the exact wording 'Fed Chair Yellen Speaks' otherwise it defaults to not trading (AllowBuys/AllowSells are set to False). Alan
Hi,
no my settings are the same since weeks: here a screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 65 KB
  • #359
  • Aug 26, 2017 7:55am Aug 26, 2017 7:55am
Quoting RichiRich99
{quote} Hi, no my settings are the same since weeks: here a screenshot {image}
Chris, I'm sorry - I don't know. It looks fine to me.

Alan
  • #360
  • Sep 9, 2017 8:29am Sep 9, 2017 8:29am
hi alan, i have a question regarding the trailing stops. I understand you can tell it to start trailing after a certain amount of pips using trail offset, but what about if you want to tell it to stop trailing after a certain amount of pips? would a negative trail offset work e.g -50? I don't have time to test
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