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AmazingEA: Automated Straddle Trading Expert Advisor

  • #501
  • Aug 29, 2019 1:32am Aug 29, 2019 1:32am
Hi @Alan111S , first of all , Thank you for making such great effort here.
I tried EA on demo account with profile download from first page , and run on yesterday .
So far , EA place some stop order , but only 1 hit and it take profit , I will test with for a week to see result.
I have 2 question here :
1.I see EA run on M5 chart , how offen does EA make order ? (I will increase number of symbol run based on this)
2.I see this error on chart , is this normal ? And if this is error, how to fix it ?

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 201 KB
  • #502
  • Aug 29, 2019 1:34am Aug 29, 2019 1:34am
Hi Alan, first of all , Thank you for making such great effort here.
I tried EA on demo account with profile download from first page , and run on yesterday .
So far , EA place some stop order , but only 1 hit and it take profit , I will test with for a week to see result.
I have 2 question here :
1.I see EA run on M5 chart , how offen does EA make order ? (I will increase number of symbol run based on this)
2.I see this error on chart , is this normal ? And if this is error, how to fix it ?

Regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 201 KB
Click to Enlarge Name: Screenshot1.png Size: 201 KB
  • #503
  • Aug 29, 2019 2:10am Aug 29, 2019 2:10am
Hi Alan, first of all , Thank you for making such great effort here.
I tried EA on demo account with profile download from first page , and run on yesterday .
So far , EA place some stop order , but only 1 hit and it take profit , I will test with for a week to see result.
I have 2 question here :
1.I see EA run on M5 chart , how offen does EA make order ? (I will increase number of symbol run based on this)
2.I see this error on chart , is this normal ? And if this is error, how to fix it ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 201 KB

Regards,
  • #504
  • Sep 8, 2019 11:37pm Sep 8, 2019 11:37pm
Quoting acinmavi
Hi Alan, first of all , Thank you for making such great effort here. I tried EA on demo account with profile download from first page , and run on yesterday . So far , EA place some stop order , but only 1 hit and it take profit , I will test with for a week to see result. I have 2 question here : 1.I see EA run on M5 chart , how offen does EA make order ? (I will increase number of symbol run based on this) 2.I see this error on chart , is this normal ? And if this is error, how to fix it ? {image} Regards,
Hi there. Thanks for your interest in AmazingEA.

A1. The EA can run on any timescale. All timing controls are in the EA itself so you can use whatever timescale you like. When a trade has been taken, it's best not to change the timeframe though - so to play with different timeframe charts I recommend opening a new Chart Window and then closing it after. That also stops the Profile getting messed up.

A2. The error displayed is shown when the next weeks calendar is not yet available from Forex Factory and is most often seen on Weekends. But sometimes there are no trades for a currency in the week. e.g this week there are no AUD or NZD high impact trades, so the AUD and NZD charts will display this for the whole week. In case a mistake has been made with the Calendar, the EA checks for updates every hour and would load any newly published trades. I should have mentioned that there is nothing to fix. When the calendar is published the EA updates automatically.
  • #505
  • Nov 17, 2019 4:25am Nov 17, 2019 4:25am
Hi Alan,

I just want to confirm if you're still taking order for live account.

Thanks
  • #506
  • Nov 17, 2019 5:38am Nov 17, 2019 5:38am
Quoting clintlala
Hi Alan, I just want to confirm if you're still taking order for live account. Thanks
Hi there

Yes indeed.
  • #507
  • Nov 18, 2019 12:52pm Nov 18, 2019 12:52pm
I just paid via paypal. How do I send the account name?
  • #508
  • Nov 18, 2019 1:28pm Nov 18, 2019 1:28pm
Quoting clintlala
I just paid via paypal. How do I send the account name?
Thanks for purchasing. I get a notification by email from PayPal and I'll reply to your PayPal email and we'll start a conversation that way. Bear in mind that it is 6:30am here.
  • #509
  • Nov 29, 2019 9:56am Nov 29, 2019 9:56am
Amazing EA 11.01 making a mess of my account. Using author's profile settings.
Attached Image (click to enlarge)
Click to Enlarge Name: ama shot.png Size: 61 KB
  • #510
  • Nov 29, 2019 5:14pm Nov 29, 2019 5:14pm
Quoting clintlala
Amazing EA 11.01 making a mess of my account. Using author's profile settings. {image}
This has been a bad week for news trading. Since I started running a demo account, which obviously has perfect trading conditions, there has been only 8 weeks out of approximately 90 weeks where there has been this kind of drawdown. You know, it's thanksgiving week, liquidity is thin blah, blah, blah. Whatever excuses the market comes up with.

As traders though, we should be in it for the long haul. Your risk (and personal emotion) settings should be prepared to take up to 10-20 consecutive losses. I'm not saying that will happen but to stay in the game we need to position ourselves accordingly.

Looking at the 2 trades, the broker (whoever that is) has not slipped you too much which is good, the timings look right which is also good, meaning the brokers clock is accurate. So the setup looks fine.

On my settings, on average, the EA should win 55% of trades. Since the trailing stop works while in loss, the losers should also be smaller than the winners. A client recently shared his live account results with me. For privacy reasons, I'm only going to share the trade ratios:-

Attached Image (click to enlarge)
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So the most important figure here is the Profit Factor which is 1.31. If you ask traders on Myfxbook, they will tell you a good profit factor is 1.25.

Adjust your risk and give it some more time and you will see better results.
  • #511
  • Dec 1, 2019 7:43am Dec 1, 2019 7:43am
Quoting Alan111S
{quote} This has been a bad week for news trading. Since I started running a demo account, which obviously has perfect trading conditions, there has been only 8 weeks out of approximately 90 weeks where there has been this kind of drawdown. You know, it's thanksgiving week, liquidity is thin blah, blah, blah. Whatever excuses the market comes up with. As traders though, we should be in it for the long haul. Your risk (and personal emotion) settings should be prepared to take up to 10-20 consecutive losses. I'm not saying that will happen but to...
Since when is 1.25 a good profit factor? Thats nonsense, it barely makes the strategy profitable. A good profit factor is 1.75 or better.
  • #512
  • Dec 6, 2019 9:30am Dec 6, 2019 9:30am
Can anyone with winning set please help me?
Attached Image (click to enlarge)
Click to Enlarge Name: Amazing shot.png Size: 19 KB
  • #513
  • Dec 7, 2019 10:43pm Dec 7, 2019 10:43pm
Quoting clintlala
Can anyone with winning set please help me? {image}
Clinton, there are 2 things happening here.

1) The NFP USDJPY trade was a whipsaw and that happens from time to time while news trading. There is very little you can do about this.

2) it looks like your broker is not being very fair with you regarding the CAD employment trade. The USDCAD trade had 22 pips entry slippage and 2 pips of exit slippage

You can work out how much the entry slippage is by taking 100 pips away from the TP and that will show what price the original order was.

I've written you a private email about how we can move forward with this.
  • #514
  • Dec 22, 2019 7:21pm Dec 22, 2019 7:21pm
To all Past, Present and Future Clients

I'd like to wish all Traders a Happy Christmas and a Prosperous New Year.

The Calendar is very light this week with only CAD GDP on Christmas Eve. I would recommend taking a break and not trading until mid January, when trading conditions will start to get back to normal.

Merry Xmas
  • #515
  • Jan 5, 2020 5:07am Jan 5, 2020 5:07am
Quoting Alan111S
To all Past, Present and Future Clients I'd like to wish all Traders a Happy Christmas and a Prosperous New Year. The Calendar is very light this week with only CAD GDP on Christmas Eve. I would recommend taking a break and not trading until mid January, when trading conditions will start to get back to normal. Merry Xmas
Hello Alan,been trying to reach you for months now. I want to purchase the EA but PayPal isn't available in my country. Please advise.
  • #516
  • Jan 16, 2020 12:36am Jan 16, 2020 12:36am
Quoting nippyebudum
{quote} Hello Alan,been trying to reach you for months now. I want to purchase the EA but PayPal isn't available in my country. Please advise.
I'm sorry but I don't have any other payment methods available. What other methods are you able to normally use to purchase something from overseas?
  • #517
  • Jan 16, 2020 12:44am Jan 16, 2020 12:44am
Quoting Alan111S
{quote} I'm sorry but I don't have any other payment methods available. What other methods are you able to normally use to purchase something from overseas?
The Paypal system that we use for payments is the largest solution provider for payments worldwide. We know however about few countries where it will simply not work:

  1. Turkey
  2. Pakistan
  3. Lebanon

We have no confirmation about Paypal not working in other countries at the moment. We know about several other countries where it is not possible to create a Paypal account, but that is something else. You don't need a Paypal account to make a payment via Paypal. When you hit the payment button, you will be redirected to Paypal. Now look a bit lower on the page, there is an option "I don't have a Paypal account". Click that and this Paypal "guest" option will provide you the option to pay using any major creditcard, which will work and confirmed to be working countries like Iran, Iraq, African countries and Asia.

  • #518
  • Jan 16, 2020 3:04am Jan 16, 2020 3:04am
Quoting Alan111S
{quote} I'm sorry but I don't have any other payment methods available. What other methods are you able to normally use to purchase something from overseas?
Yh I'm in Ghana and we only have Skrill and Neteller available. I tried the guest option and Ghana is still not available for card payment
  • #519
  • Jan 22, 2020 11:00am Jan 22, 2020 11:00am
Hi Alan,

I am very interested in buying the EA, but there was a lack of one small feature that bugs me. There is no setting that would close the TRIGGERED position/s.

For instance, today there was CAD CPI and Overnight Rate. The CPI did not cause much volatility and the triggered position from the CPI news never got to exit BEFORE the Overnight Rate release time (the volatility of USDCAD is less than 10 - 20 pips for 1.5 hours between the 2 high impact news), and so, the EA failed to set new straddle positions for the Overnight Rate. It will be such a huge opportunity loss if it's in a real account!

Attached Image

Hence, I am wondering, is there a way to go around this issue without manual intervention?

Else, I have the following suggestion:
1) Create a new setting that would close all positions after a certain period of time (say 15 mins)
2) Reconfigure the EA such that it would ALWAYS open new straddle positions for separate news events, regardless of any existing triggered position/s opened by AmazingEA!

Will be good to have both of them for the next update!

Thank you for reading my inputs!
  • #520
  • Feb 29, 2020 5:05pm Feb 29, 2020 5:05pm
Quoting yanmingtan
Hi Alan, I am very interested in buying the EA, but there was a lack of one small feature that bugs me. There is no setting that would close the TRIGGERED position/s. For instance, today there was CAD CPI and Overnight Rate. The CPI did not cause much volatility and the triggered position from the CPI news never got to exit BEFORE the Overnight Rate release time (the volatility of USDCAD is less than 10 - 20 pips for 1.5 hours between the 2 high impact news), and so, the EA failed to set new straddle positions for the Overnight Rate. It will be...
Thanks for your input ! Yes, those are very interesting suggestions.

It would be technically possible to create a TP based on Time, so after a certain period the trade is closed. I would need to have a little think about the optimum length of time to use. I personally use a Trailing Stop in conjunction with TrailDelay so it only starts Trailing after 30 seconds. I find that this is usually enough to catch moves like the one above. In the case of CAD CPU, my trade closed and made a small profit, but that meant the EA setup for the Rate Change which made a BIG profit.

The second suggestion would not really be possible without major redesign. The EA only concentrates on the current News Event. Although it reads the list of upcoming News Events, the information about the next trade is not used.

In order to make sure the EA does not trade twice for the same event, each trade has a unique magic number for the current trade, in order to manage SL/TP etc.

So while a trade is active, the EA does not check future trades.

There is a way round this situation that the EA can currently perform. If 2 trades are going to happen close together, one can set each of them up on 2 charts temporarily. One could use the setting IncludeFilter and change it from 'All' to 'CPI' for example. Do the same on the other chart and change 'All' to 'Rate'. Both trades would run automatically and not interfere with each other.
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