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AmazingEA: Straddle Trading Expert Advisor

  • #641
  • Nov 21, 2019 3:28am Nov 21, 2019 3:28am
Quoting mselvi
Hi Friends. I think it is a great EA. But I would like to use this as a normal EA. i.e., All the time not waiting for the news. How do i use this, to put pending orders on every tick and keep modifying the pending order as the chart moves. Then definitely it will catch the sudden movement in the chart. KIndly please help me
Strategy will lose while brokers widen spread.
We are retail traders... Not HFT
  • #642
  • Nov 22, 2019 8:04am Nov 22, 2019 8:04am
Yes I know. Is there any way to have pending order on every tick on both side.
  • #643
  • Nov 6, 2022 6:31pm Nov 6, 2022 6:31pm
Hi, I agree with this EA we will face widder spread, and slippage.
Still I think it can be good with fast vps, low ping, good broker with liquidity.
Anyone still using version 7 as version 8 is not for sale?

Thank you.
  • #644
  • Last Post: Apr 9, 2026 7:15pm Apr 9, 2026 7:15pm
Hi,

For the question about using this as a “normal EA” instead of just news trading, what you’re describing is basically turning it into a dynamic straddle system.

The main issue with that approach is constant order modification on every tick. It becomes very sensitive to spread, execution speed, and broker conditions. It might work well during strong moves, but in ranging markets it can easily trigger a lot of false entries.

A possible way around it would be adding some kind of volatility filter before placing orders, or spacing the pending orders based on recent price range instead of a fixed distance.

Otherwise it just ends up reacting to noise instead of actual momentum.

Interesting idea though, with the right filters it could definitely be adapted beyond just news trading.
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