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AmazingEA: Automated Straddle Trading Expert Advisor

  • #381
  • Edited 11:17am Dec 2, 2017 10:49am | Edited 11:17am
Version 9.13 Released

02 December 2017
Version 9.13 Modified by Alan Prothero
New Setting TrailDelay
TrailImmediate Setting renamed to TrailAnyway
Fixed Bug where EA could move to next event too early and stop trailing

If you're a licensed user and would like this version, please send me an email requesting it.

This is quite an important release. I fixed a bug where the EA could stop managing a trade because the Next News Event updates which causes a change in the Magic Number, so the EA 'forgets' about the current trade. So now I have updated how it checks what trades it has open and it is much more strict on this.

Be aware that the EA only trades once per event now. I noticed one client changes chart timeframe after the straddle is opened which causes the EA to reload and reopen the orders. From 9.13, the orders will not reopen! This also affects MaxSpread which used to wait 5 seconds before reopening but again the orders won't reopen now. If anyone has an issue with this, please let me know.

The new feature TrailDelay allows you to ask the EA to start Trailing after a certain period in seconds. This allows the price action to calm down after a news event before starting to Trail. I've tried it with TrailDelay=30 and was quite pleased with the results.

Best of Luck!
  • #382
  • Dec 2, 2017 10:58am Dec 2, 2017 10:58am
I've attached a Demo Trade Explorer to the thread with the EA set on completely automatic trading, using TrailDelay=30 and TrailPoints=150. I initially used TrailPoints=70 for the first week or so but found that to be too tight. I also had a TP of 500 which meant the recent massive USDCAD employment trade closed early but just removed that.

In case you're wondering these are my settings I'm using now on the Trade Explorer:-

_PointsAway=50
_PointsGap=0
_ModifyGap=10
_TP=0
_SL=200
_NYear=0
_NMonth=0
_NDay=0
_NHour=0
_NMin=0
_NSec=0
_CTCBN=1
_SecBPO=5
_SecBAO=0
_SecBMO=0
_STWAN=30
_OCO=false
_STOCO=1800
_BEPoints=0
_BEOffset=0
_TrailPoints=150
_TrailOffset=0
_TrailDelay=30
_TrailAnyway=true
_MM=true
_RiskPercent=0.5
_Lots=1.0
_MaxSpread=0
_AddSpreadToSL=true
_SlipCheck=false
_MaxSlippage=0
_AllowBuys=true
_AllowSells=true
UseBrokerTime=false
DeleteOnShutdown=false
AutoTradeNews=true
TradeNewsImpact=2
FilterByCurrency=true
IncludeFilter=All
ExcludeFilter=None
FFSymbol=This is set whatever currency is on the chart - am using a multi chart setup with one chart per country
ReadSettings=false
SettingsFile=AmazingEA-Settings
TradeLog=AmazingEA
  • #383
  • Dec 31, 2017 4:38am Dec 31, 2017 4:38am
The Trade Explorer is doing really well - up 6.4% by the end of the year, but it only started on Nov 15th.

I plan on doubling the risk to 1% per trade in the New Year.

Happy New Year everybody !

Alan
  • #384
  • Dec 31, 2017 4:57am Dec 31, 2017 4:57am
Anybody trying this live?
We are all One. Be present. Be the Observer
  • #385
  • Jan 5, 2018 2:21pm Jan 5, 2018 2:21pm
Quoting Iamfx
Anybody trying this live?
Gimme some money to trade with and I shall
  • #386
  • Jan 5, 2018 2:22pm Jan 5, 2018 2:22pm
@Alan what timeframe do you use? How does the Look at previous candle setting affect the trades?
  • #387
  • Jan 5, 2018 7:34pm Jan 5, 2018 7:34pm
Quoting moomooCow
@Alan what timeframe do you use? How does the Look at previous candle setting affect the trades?
Interesting question. I use the 5 minute TF. The function of the CTCBN setting is to identify very short term support and resistance. I'm using CTCBN=1 and a Pointsaway of only 5 pips, with the idea that if price pushes past the high and low of recent candles (plus 5 pips) then there is a meaningful reaction. It doesn't always work (like in last Tuesday's GBP Manufacturing PMI) which was a bit of a Whipsaw. Not every trade works out.
  • #388
  • Jan 8, 2018 1:14pm Jan 8, 2018 1:14pm
Hello,

many thanks for this great job!

I trade news since several years in Futures and now I would like to came back to Forex with MT5.

I know Amazing EA from free version ...always it worked well!

I'm testing last version in MT5 but there are some problems that I cannot solve:

The CSV is well saved and is write, the EA fill the CSV file, but always get the first line (default) and same data are not correct (spread for example).

Image 1: Next event is Manufacturing Production m/m
Attached Image (click to enlarge)
Click to Enlarge Name: amaz_1.png Size: 43 KB


Image 2: In the CSV file the title of the news exist and is right but it gets always "default line" (I tried with other and is the same).
Attached Image (click to enlarge)
Click to Enlarge Name: amaz_2.png Size: 27 KB


Image 3: Same data of the default line is right but some is wrong ...for example alwais get spread=1 and this value do not exist (excel, setting, csv).
Attached Image (click to enlarge)
Click to Enlarge Name: amaz_3.png Size: 35 KB


Many thanks!
Clau
Clau Trade
  • #389
  • Jan 9, 2018 4:13am Jan 9, 2018 4:13am
Trailing stop doesn't seem to be working on the new version.
  • #390
  • Jan 9, 2018 4:45am Jan 9, 2018 4:45am
Quoting Clafox
Hello, many thanks for this great job! I trade news since several years in Futures and now I would like to came back to Forex with MT5. I know Amazing EA from free version ...always it worked well! I'm testing last version in MT5 but there are some problems that I cannot solve: The CSV is well saved and is write, the EA fill the CSV file, but always get the first line (default) and same data are not correct (spread for example). Image 1: Next event is Manufacturing Production m/m {image} Image 2: In the CSV file the title of the news exist and is...
Hi Clau

Your problem had me perplexed for a while but then I tried it myself. The problem is with the LotSize area. Somehow the data has been changed from ,0.1, to ,"0,1", and the extra comma has an effect on how the EA reads the data affecting the rest of the line including the MaxSpread setting. If the CSV is fixed to show the original data, the EA picks up the Line Number correctly. See the image below:-

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 99 KB


Thanks for your efforts in testing the MT5 version. Just so that you know, I made an effort to ensure the MT5 version works as closely like the MT4 version as possible. In some cases, I changed the function calls used in the MT4 version to more modern calls that support both. However, there are a few things that can't be replicated, so I had to code them similarly but differently. Also, it is necessary to use the Hedged version of MT5 system as I'm sure you know.

I'm sure that you will be happy with the performance but since it has been tested less, please let me know if you have any issues.

Alan
  • #391
  • Jan 9, 2018 4:54am Jan 9, 2018 4:54am
Quoting moomooCow
Trailing stop doesn't seem to be working on the new version.
Well, Trailing Stop has been changed in the latest version:-

02 December 2017
Version 9.13 Modified by Alan Prothero
New Setting TrailDelay
TrailImmediate Setting renamed to TrailAnyway
Fixed Bug where EA could move to next event too early and stop trailing

So to use Trailing Stop, you now have to decide whether you want to Trail even before the trade is in profit (if so, use TrailAnyway=True)
and you also need to decide how long to set TrailDelay. If you use TrailDelay=30, the EA waits 30 seconds before it starts to Trail. If you don't like this option, just use TrailDelay=0.

So what made you think it's not working?
  • #392
  • Jan 9, 2018 4:59am Jan 9, 2018 4:59am
Quoting Alan111S
{quote} Well, Trailing Stop has been changed in the latest version:- 02 December 2017 Version 9.13 Modified by Alan Prothero New Setting TrailDelay TrailImmediate Setting renamed to TrailAnyway Fixed Bug where EA could move to next event too early and stop trailing So to use Trailing Stop, you now have to decide whether you want to Trail even before the trade is in profit (if so, use TrailAnyway=True) and you also need to decide how long to set TrailDelay. If you use TrailDelay=30, the EA waits 30 seconds before it starts to Trail. If you don't...
Please see the screenshot below. Unless I'm missing something, the SL should have moved to BE at the very least?
Attached Image (click to enlarge)
Click to Enlarge Name: Trailing SL issue.png Size: 129 KB
  • #393
  • Jan 9, 2018 5:53am Jan 9, 2018 5:53am
Quoting moomooCow
{quote} Please see the screenshot below. Unless I'm missing something, the SL should have moved to BE at the very least? {image}
So the Trailing Stop should work as long as the EA is still managing that trade. If the TF on the chart has been changed or the EA removed and added again then the EA forgets about the previous trade and won't manage it. I can't see as the Dialog box is over the details but basically what I'm asking is whether the original news event is still showing in the Comments?
  • #394
  • Jan 9, 2018 6:00am Jan 9, 2018 6:00am
Version 9.14 Released

21 December 2017
Version 9.14 Modified by Alan Prothero
Fixed Bug where OCO Trade was not deleted while original Trade still Running

This release has a small bug fix when using OCO=false. I realised that if the original trade was still running, then the EA wasn't deleting the OCO trade after STOCO time.

If you never use OCO=false, then don't bother to take this version.
  • #395
  • Jan 9, 2018 10:36am Jan 9, 2018 10:36am
Quoting Alan111S
{quote} Hi Clau Your problem had me perplexed for a while but then I tried it myself. The problem is with the LotSize area. Somehow the data has been changed from ,0.1, to ,"0,1", and the extra comma has an effect on how the EA reads the data affecting the rest of the line including the MaxSpread setting. If the CSV is fixed to show the original data, the EA picks up the Line Number correctly. See the image below:- {image} Thanks for your efforts in testing the MT5 version. Just so that you know, I made an effort to ensure the MT5 version works...
Hi Alan!! Of course!! ... again the same problem ...dot or comma??? ...I forgot checking this!

I met same problem several time, excel change the format depending from languages and Country format setting! ..It gets Europe format. The same problem is in the pc keyboard.

All work fine ...It seems getting right values... I keep on checking!

...yes, I have other question ..but I open other post to do not mix the information!

Many thanks!
Clau Trade
  • #396
  • Jan 10, 2018 6:45am Jan 10, 2018 6:45am
Quoting Clafox
{quote} Hi Alan!! Of course!! ... again the same problem ...dot or comma??? ...I forgot checking this! I met same problem several time, excel change the format depending from languages and Country format setting! ..It gets Europe format. The same problem is in the pc keyboard. All work fine ...It seems getting right values... I keep on checking! ...yes, I have other question ..but I open other post to do not mix the information! Many thanks!
Hi Clau

I sent you a PM. Please read

Alan
  • #397
  • Jan 11, 2018 4:59am Jan 11, 2018 4:59am
Quoting Alan111S
I've attached a Demo Trade Explorer to the thread with the EA set on completely automatic trading, using TrailDelay=30 and TrailPoints=150. I initially used TrailPoints=70 for the first week or so but found that to be too tight. I also had a TP of 500 which meant the recent massive USDCAD employment trade closed early but just removed that. In case you're wondering these are my settings I'm using now on the Trade Explorer:- _PointsAway=50 _PointsGap=0 _ModifyGap=10 _TP=0 _SL=200 _NYear=0 _NMonth=0 _NDay=0 _NHour=0 _NMin=0 _NSec=0 _CTCBN=1 _SecBPO=5...
Hi Alan,,
I just checked your EA-Settings above, and Iīm speculating about the following settings:

_TrailAnyway=true If you trail even when your not in profit the SL will get smaller, so if you plan to need a special range of SL,because of the average movement of the currency, the SL-range will be cut and the SL dosnīt work like you planed it before?!


_SlipCheck=false Why you donīt use SlipCheck? The SL will get higher and so in case the loss will ,I think MM doesnīt work anymore when the loss will be higher than planed or do I think in the wrong way?


UseBrokerTime=false Why you donīt use BrokerTime, is it not more accuratly than systemTime?

Thanks for your help and ideas,
Chris
  • #398
  • Jan 11, 2018 6:29pm Jan 11, 2018 6:29pm
Quoting RichiRich99
{quote} Hi Alan,, I just checked your EA-Settings above, and Iīm speculating about the following settings: _TrailAnyway=true If you trail even when your not in profit the SL will get smaller, so if you plan to need a special range of SL,because of the average movement of the currency, the SL-range will be cut and the SL dosnīt work like you planed it before?! _SlipCheck=false Why you donīt use SlipCheck? The SL will get higher and so in case the loss will ,I think MM doesnīt work anymore when the loss will be higher than planed or do I think in...
Hi Chris

The whole object of the Trade Explorer was to show that I could setup the EA to run automatically. One person I spoke to last year was unimpressed about the number of options. 'So you can't just set and forget' he said. I've thought about that a lot. In my Australian Time Zone, depending on Summer/Winter times, UK trades come out at 6:30pm or 8:30pm and US trades at 10:30pm or 12:30am. FOMC is 4am. So I wanted to be able to set and forget.

So although it's a little complex to set up, once going I believe it can give consistent returns.

I decided to use _TrailAnyway=true to minimize losses, if my trade activates but the price action doesn't move very far. In some ways, for Traditional trading the only start trailing when in profit is a good idea as it gives your trade breathing room initially, but since we are News trading we expect there to be a decent follow through on price almost immediately.

_SlipCheck resets your SL and TP and is useful for non-Trailing but since we are using Trailing, it's not necessary.

UseBrokerTime=false. I don't trust the broker's clock - it may be incorrect and it will stop when the server is down But I must stress that to use the false setting, one has to ensure the PC time is very accurate which is why I recommend installing 'TimeSyncTool'.
  • #399
  • Jan 12, 2018 4:42am Jan 12, 2018 4:42am
Hi Alan,
thanx again for your fast replay! And I must say, Iīm Impressed of the versatile EA, Iīm trading with it since 1.5 years and I can use the EA for so many diffrent strategies, since couple weeks, I use it for ORB...

Interesting point about _TrailAnyway_, up to now I saw the news as a īget inī for the trade and follwed the trade even for a longer period of time,
but of course it makes sense also to see it like you said for just a single movement, Iīl think about it....

My experience is that over 50% of the news trade movements come back to the price where there started or even lower and from there went up again ...
So if you want to use TrailStop (TrSt) you need a real hight one (25-30 pips up to 50 to follow the trend along for the next hourse or day) or

a real small one (about 8-12pips)just to catch some pips...and this works only with a small SL, so_TrailAnyway_ could be a good idea, Iīll try this
but the problem of the small one is that you have to catch the kovementright from the beginning but with a spread of 5-15/20pips an slippage of 5-15pips
the position is opended too late clouse to the end of the peek...so for small TrSt you need a real good broker...

I have some very good strategies with small TrSt but there all work on demo only...up to now I couldnīt find a broker where it worked on live account...

Chris
  • #400
  • Jan 25, 2018 3:56pm Jan 25, 2018 3:56pm
Price Rise

There is a new post on my website about an impending price increase:- https://amazingea.wordpress.com/2018/01/26/price-rise/
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