AmazingFiboEA: Automated After News Trading Expert Advisor

I've just published a Blog Post about setting up Multiple Charts for AmazingFibEA. You can of course use a single chart but since the EA will only trade 1 event at a time, you may miss some trades.

Have a look at https://amazingea.wordpress.com/2017...i-chart-setup/

Version 2.02 Redacted

I have taken 2.02 down due to there being a problem with the News download feature. This particularly affects new installations which is why I didn't pick it up on my system. I will fix the issue and put up Version 2.03 soon.

Meanwhile, it's best to just use 2.01 until I issue a fix.

Version 2.03 Released

18 February 2017
Version 2.03 Modified by Alan Prothero
Fixed Bug affecting FF Calendar download and File Save introduced in 2.02
Fixed issue where EA not handling Blank Date ('0000-00-00 00:00:00') properly

The bugs found in 2.02 have been fixed, so now I'm really chuffed - the EA is handling multiple charts/multiple files nicely, and it's dealing with the situation where you might have seen a Blank Date ('0000-00-00 00:00:00').

Version 2.04 Released

27 February 2017
Version 2.04 Modified by Alan Prothero
Slight Update to calculation for name of Calendar.xml file
Recheck Next Event Time and Forex Factory Calendar every 60 minutes (except during STWAN)
Update Display to show when the Next Calendar check will take place

This release rechecks the Forex Factory calendar every 60 minutes for updates and changes to the News schedule. It's not configurable as I wanted to strike a balance between keeping up-to-date and too much time/effort expended on it.

I've also sorted out a few situations where the News time could show all Zeros. And in the last couple of versions I've sorted File Sharing issues with Excel and MT4 in case you have the Settings.csv file opened in Excel.

I've finally decided to offer this EA for sale. To keep it affordable, I have set the price to be the same as AmazingEA. Originally, I had planned to offer it for a higher price, but to be honest, I am not trying to make huge amounts of money from selling it. I actually want to make money from using it

The EA is now mature enough to trade well on it's own. I run mine on a VPS on the 7 major charts and I have trade notifications going to my phone. Sometimes I don't even look at the notifications.

If you have already purchased AmazingEA, I'm willing to offer a 50% discount on AmazingFiboEA.

If you want to buy both, I will also give a 50% discount on the 2nd EA.

Please see https://amazingea.wordpress.com/purchase/

The EA hasn't traded much the last 2 weeks and that's because the markets haven't been reacting much to Economic Data. Most trades haven't triggered the Minimum Size criteria.

For this reason, I've set the EA 'Min Size' for NFP to 60 pips (600 points)on USDJPY. I want to make sure that it only trades if there is a surprise, or a clear improvement or deterioration in the data.

I've also switched off trading the CAD Employment Rate. It's only worth trading seperately when it doesn't come out at the same time as NFP, like it did last month .

Best of luck everyone. I won't be watching this - I'll check how the EA did in the morning

It appears that this EA is not profitable ?

Unfortunately, the gap between success and failure is quite small. In March, a lot of the trades failed to break out. But there were a couple of unlucky trades.

Annoyingly I closed the USDJPY from FOMC early when it looked like it was going to fail. That trade actually would have hit full profit which was another $60 or so and also the GBPUSD from March 23rd was stopped out by 5 pips but then went on to hit full profit. So in March the EA lost $130 but if these 2 trades would have been different it would have made money. Remember if a trade loses, it's -1% or -$46 right now, but a winner is 2%+ or +$100 so the difference is around $150. So only 1 more trade needs to work in a bad month like March to Break Even.

I can't wait to see what might happen in a good month

Am ever optimistic !!!
Alan

So after losing $175 in March, it made $175 back in April, with 4 winners in a row. Annoyingly, my VPS was offline for another trade at the start of that run that would have also hit TP, which would have made it 5 TP in a row.

Not a great start to May with 2 stopped out this week after big reversals. Well, you know what they say - if the market can't rally on good news, then Sell !

Last month for NFP, I got a bit anxious to trade and modified the usual parameters. So normally, USDJPY has to move 60 pips for the EA to trade and it was just under that (like 58 or something) so I adjusted it a little to get it to trade. BIG MISTAKE as USDJPY did the classic V-shape reversal, so if I'd have left it alone, it would have been no trade.

I also enabled the CAD employment report. Normally, this is only a good idea when NFP is not coming out at the same time. Again this was a mistake but not such a big one as I managed to close it with a small profit. I kinda guessed that if USDJPY is going to rally, then USDCAD is going to be dragged along as well so it's no good selling USDCAD.

Best of luck with this month's NFP !

Alan

P.S. I'm not changing any parameters this month.

I've decided to withdraw AmazingFiboEA from sale.

Up until recently, I had programmed it to pull back the TP level if there was a big retracement. The last two months have seen big retracements (>90%) or reversals in the market. Which means I doubt the EA can be profitable when just left to trade by itself.

What I have found is that if I see a trade is unlikely to work I can close the trade early. And in some cases, you end up with quite a good reversal signal. Because if a currency can't rally on good news ( which the EA would buy) , it means there is quite strong selling pressure. A recent example of this was GBPUSD struggling to get over 1.30.

In the meantime, I will continue to use it for my own trading but I plan to close out trades that I think won't work and probably take manual reversal trades on the hourly timeframe based on the failure of the AmazingFiboEA trade.

Version 4.00 Released

16 April 2019
Version 4.00 Modified by Alan Prothero
Update XML Location on Forex Factory

This version uses the updated location of the XML file on Forex factory.

I am trying to buy your EA but PayPal isn't working for some reason. Can you help please.

Version 4.04 Released

05 March 2020
Version 4.04 Modified by Alan Prothero
Cosmetic Code Tidy Up
Name Check handles up to 3 Names

03 March 2020
Version 4.03 Modified by Alan Prothero
Trial Version rebadged Subscription Version

01 March 2020
Version 4.02 Modified by Alan Prothero
Improved Error Message for No More Events

30 September 2019
Version 4.01 Modified by Alan Prothero
Name Check ignores order of Names

Just cosmetic changes - some align the Name Checks with AmazingEA etc.

Hi can you help me buld two EA one for buy and other for sell please MT5 EA usuling MA indicators

Version 4.05 Released

20 April 2021
Version 4.05 Modified by Alan Prothero
Update XML Location on Forex Factory

Version 4.06 Released

06 July 2022
Version 4.06 Modified by Alan Prothero
Increase line spacing to make chart more readable
Fix Magic Number too big for Integer