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AmazingEA: Automated Straddle Trading Expert Advisor

  • #441
  • May 21, 2018 1:23am May 21, 2018 1:23am
Quoting Alan111S
{quote} No, I'm sorry it's not. However, if you want to ask me questions, I can share snippets of code to help you. If you share with me what your intention is, it may be possible to help. You can also PM me but just remember I can only reply to 1 PM every 24 hours as I am a Commercial Member. Alan
Thanks Alan for your response. What I just need is a very simple EA where I manually set the time, and it places 2 opposite pending orders a few seconds before the set time (where possible the orders and SL/TP should be hidden from broker). It doesn't have to do anything else, I can take it up from there.
Simplicity Is The Ultimate Sophistication!
  • #442
  • Jun 14, 2018 9:58am Jun 14, 2018 9:58am
Thought I would give a bit of an update Alan,
It is only a demo but the settings you mentioned seemed to be going ok so far in this market and May has been HELL for my other EA's so nice to see a shining light.

I may have to resurrect the Live version and run on the live accounts.

I have now dedicated a platform purely for this and see if there can be tweaks and improvements BUT it is NEWS so its unpredictable nature in itself is awesome enuff haha

Have posted a snip of all the Amazing EA trades since I caught up and put it back on a demo to play with it a bit.

Cheers
Greg
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  • #443
  • Jun 14, 2018 10:14am Jun 14, 2018 10:14am
Quoting Impenia
{quote} Thanks Alan for your response. What I just need is a very simple EA where I manually set the time, and it places 2 opposite pending orders a few seconds before the set time (where possible the orders and SL/TP should be hidden from broker). It doesn't have to do anything else, I can take it up from there.
Impenia,
I believe this may be what you are looking for, go to this subject, but there is no time just a script to do what you want, but you will need to execute it manually...

https://www.forexfactory.com/showthr...t=32982&page=2

Cheers
Greg
  • #444
  • Jun 17, 2018 7:25am Jun 17, 2018 7:25am
Version 10.03 Released

17 June 2018
Version 10.03 Modified by Alan Prothero
New Trial Version Mode
Prevented potential Divide By Zero Errors

I saw that in some weird circumstances the EA could stop with a Divide By Zero error - all of these errors came from the Risk module, when the Currency selected had no Price Feed and that kind of thing, so I fixed these potential Stops. As long as you've selected a valid Currency Pair, there should be no difference to the way the EA is running compared to 10.02 or 10.01.

I've also added a new Trial mode which allows the EA to be used Live with small trades for a limited time. You still pay a small fee for the Setup of the Trial and Support during the Trial. See https://amazingea.wordpress.com/purchase/ for details.

Alan
  • #445
  • Jun 24, 2018 9:36am Jun 24, 2018 9:36am
Quoting Alan111S
All Some clients asked me for the settings I use for the Trade Explorer. I've attached an 'AmazingEA MT4 Profiles.zip' to the first post of this thread. By unzipping and opening the profile AmazingEA, you will have the same Charts and Settings that I'm using. I use 7 charts:- AUD News - AUDUSD, 5m USD News - USDJPY, 5m CAD News - USDCAD, 5m CNY News - AUDUSD, 5m EUR News - EURUSD, 5m GBP News - GBPUSD, 5m NZD News - NZDUSD, 5m Each chart has AmazingEA set to Pointsaway=30, CTCBN=1, SL=200, TP=None, STWAN=20, OCO=True, TrailDelay=30, Trailing Points=100....
Hi Alan!

I will test this profile.
I realized that you don't use broker time. There is a special reason for this?
  • #446
  • Jun 29, 2018 11:17pm Jun 29, 2018 11:17pm
I have no idea how you get profit from the real account using news trading strategy.
I spent 1 year with news EA and found that if my news trading EA can work well for that broker, usually that broker is a market maker.

the big problem with news strategy is the liquidity availability and slippage. I never succeeded with those 2 things with news strategy in MT4.
demo version always gives the best result, but in the live account, you will always lose. why? because in demo account you will not have a problem with slippage.

that's why I created another EA that can run in any broker. I'm done with news trading strategy.
and the funny thing is the author sell EA for a live account for 250 USD, lol. if you can show me what mt4 broker that can run well with news EA, I will trust you. but I know that the real mt4 broker (not market maker) is not suitable for news trading.
  • #447
  • Edited 8:41am Jun 30, 2018 7:55am | Edited 8:41am
Quoting akangaziz
I have no idea how you get profit from the real account problem with slippage. that's why I created...
the only broker I have seen that is regulated and respects SL and TP with minimal slippage is OANDA. I am not saying that they are the best or are perfect. Their spreads suck to be honest. But if your strategy allows you to take a position before the spreads widen OANDA might work for you. I am not affiliated
  • #448
  • Jul 3, 2018 5:21am Jul 3, 2018 5:21am
Quoting walisonht
{quote} Hi Alan! I will test this profile. I realized that you don't use broker time. There is a special reason for this?
Hi Walison

Broker clocks are not always accurate. I prefer to use software that syncs the Time and switch off UseBrokerTime.

Alan
  • #449
  • Jul 5, 2018 7:51am Jul 5, 2018 7:51am
Recently a couple of guys bought the trial version I started offering. So I had set up an MT4 profile which I put in the Downloads area of my website and on the first post of the thread which loads up 7 charts, each with the EA set up for one specific currency.

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I thought it might be complicated for people to use but everybody seems to be OK with it.

Each chart is limited to the relevant country e.g. USDCAD is only for CAD News Events. How it does this is to have FilterByCurrency=True and FFSymbol=CAD.

Now I know what you are thinking. What about when NFP and CAD employment are released at the same time, like tomorrow ! Well, previously I used to stick to NFP only but I have found that 9 times out of 10, it's fine with both the USD chart and the CAD chart trading at the same time. Usually the USDCAD moves better and the USDJPY not so great, but they usually go opposite ways so there is no whipsaw.

Good luck with NFP tomorrow !
  • #450
  • Jul 19, 2018 7:28am Jul 19, 2018 7:28am
I now have a new version that changes Currency automatically. I'm testing it at the moment, to make sure I'm happy with it.

AutoCurrency - makes AmazingEA switch currencies automatically depending on the News Event. AmazingEA can trade all News Events from a single chart.

Limitations:
Only 1 Event can be traded at any one time and obviously all trades will use the same Pointsaway, SL, TP etc.
If AmazingEA is managing an existing trade, following news events will be skipped until the existing trade is closed.
Setting CTCBN >= 1 is incompatible and will be disabled.
To trade events from all countries, you must remember to also set FilterByCurrency=false.

The AutoCurrency setting works in conjunction with Symbol_XXX settings mentioned below.

Symbol_XXX - There are 9 of these, one for each country in the Forex Factory Calendar. Set the Currency Pair that AmazingEA should trade for each country. If set to None, that country's News Events will still be shown but AmazingEA won't trade the event as AllowBuys and AllowSells will be set to false.
  • #451
  • Jul 19, 2018 7:38am Jul 19, 2018 7:38am
Alan, to what do you attribute the draw down this year from about the middle of January, to about the middle of March?
Vincit qui se vincit.
  • #452
  • Jul 19, 2018 8:13am Jul 19, 2018 8:13am
Quoting Pippopotamus
Alan, to what do you attribute the draw down this year from about the middle of January, to about the middle of March?
Good Question ! There were multiple factors where I changed some setting which made a big improvement.

1) Biggest one was I used to set OCO=false and keep the opposite order around for an hour. The idea was if there wasn't much follow through in the news direction, traders would try to slam the pair the other way. Funnily enough this got activated a fair bit but would rarely follow through. So this was piling up the losers. In March, I disabled this setting.

2) I used to use Trailing Stop of 15 pips which was just plain greedy. Plus the Pointsaway was set to 80, now I'm using 30. So if you can imagine, on a 30 pip trade, I would let 8 pips go with Pointsaway and 15 pips on every trade as I wanted it to run automatic with no intervention. So for a 30 pip trade I was only capturing 30 -8 -15 = 7 pips (not counting spread of course). Despite this upto middle of January, the EA had made great results given this factor. Now, I have found that 10 pips Trailing Stop gives the best results given that you give up 10 pips every trade, but you don't want it too tight so you can get most of the move.

3) Annoyingly the 2 top trades in the image below also made a dent in profits since they were only taken because my VPS died and the trades were left sitting in the market. I'm in Australia and was asleep at the time ! After this, I implemented self expiry on all trades taken. The minimum life of a Pending Order is 10 minutes, so they expire as soon as possible after 10 minutes unless they have been set otherwise.

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4) My latest change now is back to using OCO=false but time out after 20 seconds. This is only to catch some pips if a trade is activated the wrong way by accident which does happen occasionally.
  • #453
  • Jul 19, 2018 8:28am Jul 19, 2018 8:28am
Alan, thanks for your detailed answer. IMHO, you have a very fine Strat/EA here, and I expect the success will continue. Best, Pippo
Vincit qui se vincit.
  • #454
  • Jul 22, 2018 10:57am Jul 22, 2018 10:57am
ATM I have Amazing EA on 4 charts only. Shown here is my set-up, demo acct. My live acct. is identical.
Attached Image(s) (click to enlarge)
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Vincit qui se vincit.
  • #455
  • Jul 23, 2018 6:50am Jul 23, 2018 6:50am
Version 10.04 Released

12 July 2018
Version 10.04 Modified by Alan Prothero
EA can now change Currency automatically
New AutoCurrency Settings

From the updated ReadMe File:-

AutoCurrency - makes AmazingEA switch currencies automatically depending on the News Event. AmazingEA can trade all News Events from a single chart. Limitations: Only 1 Event can be traded at any one time and obviously all trades will use the same Pointsaway, SL, TP etc. If AmazingEA is managing an existing trade, following news events will be skipped until the existing trade is closed. Setting CTCBN >= 1 is incompatible and will be disabled. To trade events from all countries, you must remember to also set FilterByCurrency=false. The AutoCurrency setting works in conjunction with Symbol_XXX settings mentioned below.

Symbol_XXX - There are 9 of these, one for each country in the Forex Factory Calendar. Set the Currency Pair that AmazingEA should trade for each country. If set to None, that country's News Events will still be shown but AmazingEA won't trade the event as AllowBuys and AllowSells will be set to false.
  • #456
  • Jul 23, 2018 3:42pm Jul 23, 2018 3:42pm
Hey,

What is the conversion from points to pips?
  • #457
  • Jul 23, 2018 5:14pm Jul 23, 2018 5:14pm
Quoting Gabriel1
Hey, What is the conversion from points to pips?
Hi Gabriel

On a 5 digit broker who quotes EURUSD like 1.16925 then there are 10 points = 1 pip. Most brokers these days quote 5 digits. So a 10 pip SL would be set to 100 in AmazingEA.

On a 4 digit broker who quotes EURUSD like 1.1692 then there are 1 point = 1 pip. And a 10 pip SL would be set to 10 in AmazingEA.

Hope that makes sense.

=/
  • #458
  • Jul 24, 2018 6:28am Jul 24, 2018 6:28am
Quoting Alan111S
{quote} Hi Gabriel On a 5 digit broker who quotes EURUSD like 1.16925 then there are 10 points = 1 pip. Most brokers these days quote 5 digits. So a 10 pip SL would be set to 100 in AmazingEA. On a 4 digit broker who quotes EURUSD like 1.1692 then there are 1 point = 1 pip. And a 10 pip SL would be set to 10 in AmazingEA. Hope that makes sense. =/
Perfect, thanx...the EA is amazing
  • #459
  • Jul 27, 2018 8:08am Jul 27, 2018 8:08am
Only place I can think of for a quick update Alan, been running since May 1st on a Demo perfecting and testing your settings.
Hopefully go LIVE in September to give a true insight to how it goes in Real Life situations. But just had a $30 loss on the AUD with US GDP Q/Q news
Cheers
Greg
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  • #460
  • Edited 2:08pm Jul 30, 2018 9:34am | Edited 2:08pm
Fellow traders, the 4 chart set-up I posted earlier (#454) is to be disregarded. The EA settings are incorrect. Shown here is my current set-up. But for having USD news traded on Usd/Cad chart, rather than Usd/Jpy, it is what Alan suggested in post #449.
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Vincit qui se vincit.
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