AmazingEA: Automated Straddle Trading Expert Advisor | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Automated or semi automated trading? 3 replies

Super Carry Trading Strategy - Expert Advisor 22 replies

Expert Advisor Bot or Manual Trading? 8 replies

MetaTrader Expert Advisor BUILDER for backtesting and auto trading 4 replies

Please help code addition to -AmazingEA- 1 reply

Attachments: AmazingEA: Automated Straddle Trading Expert Advisor
Exit Attachments

AmazingEA: Automated Straddle Trading Expert Advisor

  • #541
  • Nov 10, 2022 5:15pm Nov 10, 2022 5:15pm
First positive results, I can't always be in front of the pc when there is hot news but in the next weeks other updates because I want to commit to testing this very interesting expert.
Attached Image (click to enlarge)
Click to Enlarge Name: screen.png Size: 147 KB
  • #542
  • Nov 10, 2022 5:39pm Nov 10, 2022 5:39pm
Quoting Lowkey
Hello, I tried trading the CPI today and got slipped on the entry for about 62(+18) pips. (had entry 180 points away) I banked around 24 pips on the trade but I still feel it was quite underwhelming in regards to how big the move was. I have tried trading news manually where I would make a market order in both directions and could bank around 400-500 pips on a move like this. Perhaps it is better to make a market order 2 seconds before instead of stop orders? Also if you look at the time, I was entered in the market at 15:30:04 instead of 15:30:01...
Hi Lowkey, appreciate you posting your experience. Your comments are valid.

1) Stop orders whether to get into or out of the market will be affected by slippage. So if you use market orders to get into the trade and stop orders to exit or stop orders to get into the trade and market orders to exit won't make a huge difference in the long run. It really depends on the broker. In my experience though there is a big risk that price will move just prior to the news which is why it's probably better not to have open orders, although they are hedged.

2) The 4 second delay in the market entry could be for several reasons:-
a) Liquidity was thin or Server was busy
b) Time was wrong on the server. This is easily checked by comparing your PC clock with the Market clock in MT4.
In this case, can switch UseBrokerTime to false but I ONLY recommend this when you have some kind of app/program on the Windows machine to sync the time every 15 minutes.
c) The EA runs through the program once for every price movement. By looking at the ticks file you can see if the broker's server 'froze' and stopped sending ticks through - this often happens at news time. In this case, the EA cannot execute. I previously tried to mitigate this by putting a timer in to run again every 50ms or so.
  • #543
  • Nov 10, 2022 6:27pm Nov 10, 2022 6:27pm
Hi Alan,
I noticed something about your automatic demo version that I believe affects being able to enter at the right time.
Your ea creates the first pending order long before the time and then changes the prices many times to get closer to the final price.
Many brokers limit lines in log files on demo and live accounts to complicate our life. Your ea often generates so many logs that I believe can be limited by entering a little later or by changing prices less times.
For this reason I had to try it on a few currencies because I realized that often the logs are blocked.
Thanks
  • #544
  • Nov 15, 2022 4:31am Nov 15, 2022 4:31am
Quoting Ironshirow
Hi Alan, I noticed something about your automatic demo version that I believe affects being able to enter at the right time. Your ea creates the first pending order long before the time and then changes the prices many times to get closer to the final price. Many brokers limit lines in log files on demo and live accounts to complicate our life. Your ea often generates so many logs that I believe can be limited by entering a little later or by changing prices less times. For this reason I had to try it on a few currencies because I realized that...
I only set SecBPO to 20 so that trades would open on some very slow brokers. Sure, if your broker is fast, then reduce the time to 5 to 10 seconds or so. You need to experiment a bit to get the settings which work best for you.
  • #545
  • Nov 15, 2022 6:52pm Nov 15, 2022 6:52pm
Does the EA not work if computer shuts down to night mode?
  • #546
  • Edited 6:36am Nov 23, 2022 2:33am | Edited 6:36am
Ignore my last post, I realized it switches off when you switch time frames.

But is there any way to close the trade after 1 minute if it has not reached TP or SL?
  • #547
  • Dec 17, 2022 3:18am Dec 17, 2022 3:18am
What’s the best broker to avoid big slippage for cpi news for us US residents ???
  • #548
  • Dec 17, 2022 3:21am Dec 17, 2022 3:21am
Quoting Alan111S
{quote} Hi Lowkey, appreciate you posting your experience. Your comments are valid. 1) Stop orders whether to get into or out of the market will be affected by slippage. So if you use market orders to get into the trade and stop orders to exit or stop orders to get into the trade and market orders to exit won't make a huge difference in the long run. It really depends on the broker. In my experience though there is a big risk that price will move just prior to the news which is why it's probably better not to have open orders, although they are...

same question I’ve tried 3 brokers and the slippage is bad … what’s the best fastest market execution broker for US residents ?
  • #549
  • Jan 6, 2023 12:36pm Jan 6, 2023 12:36pm
Quoting Ginofx
{quote} same question I’ve tried 3 brokers and the slippage is bad … what’s the best fastest market execution broker for US residents ?
Hi, have you tried with 3 real accounts?
Thanks
  • #550
  • Jan 14, 2023 6:22am Jan 14, 2023 6:22am
Quoting Ginofx
{quote} same question I’ve tried 3 brokers and the slippage is bad … what’s the best fastest market execution broker for US residents ?
I'm US resident also, did you ever find a suitable broker for this?
  • #551
  • Apr 28, 2023 1:57pm Apr 28, 2023 1:57pm
I found a company which also sells a Newsbot. They have shared a live account on FX Blue. They make absolutely ridiculously high profits. It seems like they almost have no slippage at all. It almost seems fake, but as far as I now, it is not possible to fake account statements on FX Blue. I don't understand how they manage this. I have below 1 ms latency on my VPS, used the same bot with the same settings and the same broker as this company. However, they always outperform me. When I get slippage of 10 pips they get maybe 1 pip. And their stop losses never even have 1 point of slippage. Either it is magic or they found some way to manipulate FX Blue statistics.

You can see for yourself: https://www.fxblue.com/users/happy_news_real
  • #552
  • Sep 24, 2023 6:36am Sep 24, 2023 6:36am
Quoting Alan111S
{quote} I only set SecBPO to 20 so that trades would open on some very slow brokers. Sure, if your broker is fast, then reduce the time to 5 to 10 seconds or so. You need to experiment a bit to get the settings which work best for you.
Hi Alan, I downloaded the 5.* EA recently but is it possible to get the 7.0 version as well? I will gladly pay for the 8.0 version but it is not economically viable at the moment
  • #553
  • Mar 18, 2024 8:15pm Mar 18, 2024 8:15pm
  •  AA14
  • | Joined Mar 2024 | Status: Trader | 3 Posts | Online Now
Could someone please edit the free version of this EA attached here so that it continues to reopen the order repeatedly after it's closed due to SL, TP, or break-even being hit throughout the entire length of the STWAN time? Thank you
Attached File(s)
File Type: mq4 AmazingEA.mq4   62 KB | 327 downloads
  • #554
  • Last Post: Feb 2, 2025 11:59am Feb 2, 2025 11:59am
How is it configured, you don't explain it?
1 trader viewing now