AmazingEA: Automated Straddle Trading Expert Advisor

Hi Alan,
again the Amazing EA didn´t trade in the CAD and GBP on last friday. But it taded on wednesday with the same settings, I´m using the 9.07 Version and today I checked it with the 9.10 Version also, but still no trades! I made the trades on two different Live-Accounts at the same time(on friday) and on both there where no trades, but at the same time it made trades on Demo??!!

Do you have any suggestions?

Chris

Hi Chris

This is an issue when you have 2 or more News Events happening at the same time. In the case, of the BOC Rate Statement there was also USD ISM Non-Manufacturing News being released at the same time. The EA will take whatever is first in the XML file (which may be different from the web based calendar). And on Friday the GBP Manufacturing trade happened at the same time as RBA Lowe speaks.

Although it was for a different EA I recommend using a Multi Chart setup as documented here:-

https://amazingea.wordpress.com/2017...i-chart-setup/



Each chart is dedicated to the News for a single country, by using the FFSymbol setting.

However, in the AmazingEA-Settings.csv, you still have to make sure that all possible versions of the event are listed. For example, with the BOC, I list the same event settings on multiple lines as:-

1) BOC Monetary Policy Report
2) BOC Rate Statement
3) Overnight Rate

Which should cover all possibilities.....

By the way, Live vs Demo shouldn't make any difference. Using different Settings files might make a difference or having one ignore speeches but the other one doesn't?

Alan

By the way, Live vs Demo shouldn't make any difference. Using different Settings files might make a difference or having one ignore speeches but the other one doesn't? Alan[/quote]

Yes, same settings on Live and Demo, and I don´t use the Setting-files.
I´m using FFSymbol settings for each pair I trade, so it should differ between the news even when they come up at the same time and in the last year it never was a problem...

Yes, same settings on Live and Demo, and I don´t use the Setting-files. I´m using FFSymbol settings for each pair I trade, so it should differ between the news even when they come up at the same time and in the last year it never was a problem...[/quote]

Chris

I truly want you to be happy with the EA and I definitely want to get to the bottom of the problem.

The problem now is that once we move onto the following week it's hard to replicate the issue because the FF Calendar has changed. If this happens again, let me know and we can try to replicate it. Even if it is a few hours afterwards I can reset the PC clock and fool it into behaving as it was just before the event. There must be a reasonable explanation.

Alan

ok Alan,
I let you know, when it will happen again...Hope not, of course ;-)

Most of the time Amazing Ea works great and I´m glad to use it, so we will work it out...

Best regards, Chris

Hey Alan, my Broker gave me a call an houre ago. They canceld my accouts because of scalping and my win on the BOC Rate Statement last week...

So I guess it´s not a problem of your Amazing EA but as so often of a good broker!

Chris

Hi Alan,
is it possible to show SL and TP? That would be very helpfull.

Thanx for your help,
Chris

Chris, I have a new release already prepared with some minor bugfixes and it also cares less about the Calendar format. I will also include SL and TP Display.

Sorry to hear your broker did that to you

Alan

Version 9.11 Released

09 August 2017
Version 9.11 Modified by Alan Prothero
Made Calendar Reader less Strict about Case
Stopped XML Calendar Writer saving extra unwanted data at end of file

I plan to add SL and TP Settings Display in 9.12, but since I had packaged 9.11 up, I thought that I might as well release it first.

any plans to implement stop-limit orders alan?

Hi to all:
I have a question about Money Management in gerneral:

1)
Is: 1 news = 1 position? (e.g. 1% of the available margin)
Even when I trade the news with 3 currency-Pairs?

or would it be better to calculate:
1news = 3 positions (3 currency-Pairs) / respectively 6 position including hedging?
3 positions = 1% of the available margin


2)
when I trade GBP news with 3 positions and USD with 6 positions:

should I trade each position about the same amount? => GBP 1% of the available margin / USD 3% of the available margin
So a USD trade has double risk and destroys all wins on GBP?

Or would it be better to trade each news about the same amount?
So each news are equal but my trading amount of each currency pair in GBP is as double high (1%) as in USD (0.5%)?


How do you handle it?
I´m looking foreword to hear of your experienes

Chris

Version 9.12 Released

12 October 2017
Version 9.12 Modified by Alan Prothero
New IncludeFilter and ExcludeFilter - see below or ReadMe Instructions
Removed Setting ExcludeSpeeches
Added SL and TP to Display

IncludeFilter - If set to Blank or the word "All", the EA will load every News Event possible based on the Currency and Impact level chosen. If set to "GDP,Rate,Unemployment,CPI" only events that contain the words GDP or Rate or Unemployment or CPI will be loaded. All other Events will be ignored. Using the AllowBuys=false or AllowSells=false means Events are loaded but not actually traded.

ExcludeFilter - If set to Blank or the word "None", the EA will not exclude any events. If set to "Speaks,Testifies", any event containing the word Speaks or Testifies (e.g. 'Fed Yellen Speaks') would not be loaded. The "Speaks,Testifies" setting can be used to replace the deprecated ExcludeSpeeches setting.

For what it's worth, I tend to assume that whatever I risk - I might lose double if there is a lot of slippage. If I'm trading 2x brokers or 2x currency pairs I would also divide my risk by 2 again.

So in other words, if I was risking upto 2% - I would use MM setting with 1% Risk. And then if I wanted to do that with 2 brokers I would drop it to 0.5% per broker. Hope that helps.

Hi there,
does anyone know Pepperstone-Broker and the Pepperstone Razor account?
Still looking for a broker with less slippage....

Chris

Hi guys havin truble to find a good broker to test thes Ea (witch btw ) is amazing any Ideas?

Alan any chance of having multiple TP's?
TP 1, TP 2 and TP 3. I used 1.5 lots and the EA would take 0.5 lot profit at each TP? Something enable-able ?

Pepperstone Razor or FXOpen. Try those.
Been using it on TradersWay with mixed results.

I have been a bit slow to answer queries on here recently, so I plan to catch up right now. Good question Jobfx, I tried this using a sister EA (AmazingFiboEA) which ran on a 5 minute timeframe and would set a limit order at 38% retracement of the 5 minute candle but only if the 5 minute candle was over a certain size. The problem with limit orders is where do you set the limit? So I had to come up with these rules. But I don't think you this is what you really mean.

Now you are probably talking a different strategy to try and minimize slippage.

1) Price moves through the stop level.
2) Limit order is created at a certain number of pips below the stop level
3) Price retraces back to limit level
4) Position is opened
5) Hopefully price moves back into the original direction

So the big problem with this is:-

1) Actual Stop-Limit Orders don't exist on MT4 ( I think they might on MT5) so this would need to be simulated by the EA
2) Slippage would still be a problem, because you set the Stop level before the News and you don't know how far price will move
3) So the limit order might be too close or far from the actual retracement level
4) The AmazingFiboEA countered this by entering 5 minutes after news, which sounds counterintuitive but it worked quite well

The AmazingFiboEA only lost 6% (in 100 trades it ended up down 6 trades) over 6 months of live trading so I know the strategy is nearly profitable and might work with some tweaking. For example, I stopped it running on small moves but that might have been a mistake. I also implemented a lower TP if there was a big retracement and that might have been a mistake, as this reduced the size of some big wins. When trades pull back to 78.6% they can often resume the trend quite nicely.

So it depends what you are trying to achieve. It's an interesting subject and something I could definitely do in a sister EA if there is a call for it.

Chris

I've replied to you about this privately

Alan

This would be a littly tricky to enable. Because of some of the other features like SlipCheck and MaxSlippage and OCO, I actually use TP in calculations 37 times currently.

Three TPs would require 3 orders in each direction which would be slower to execute.

However, I might be able to enable it if you used 3 charts with similar settings on each but different TP levels. I would have to change the EA to calculate Magic Numbers differently as each chart would interfere with the other one as it is at the moment.

Let me have a think about this.