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News Trading - Straddle 11 replies

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Straddle trading EA

  • #201
  • Nov 19, 2006 12:41pm Nov 19, 2006 12:41pm
Quoting mohsen57
about the amazing ea, and SL, the ea should adjust your orders according spread before the time arrives, so if spraed increase to 9 pips it will atumatically change the value of orders and set them accordingly, that would be a buy stop 10 pip above the ask price, and one sell stop 10 pips below the bid price, and both orders should have 10 pip sl, and you can change the sl and tp.
hope it helps
Thanks mohsen.
That would be a great help.

Fisher
Trade the Possibilities
  • #202
  • Edited 9:56am Nov 21, 2006 9:41am | Edited 9:56am
What time in FXDD news is equal to 0830 New York time?
I try demo, but my order not executed
Trade the Possibilities
  • #203
  • Nov 21, 2006 10:40am Nov 21, 2006 10:40am
Quoting Fisher
What time in FXDD news is equal to 0830 New York time?
I try demo, but my order not executed

if its 8-30 in new york then its 15-30 on the FXDD platform.
  • #204
  • Nov 21, 2006 11:08am Nov 21, 2006 11:08am
I try to change the setting just now

extern int NDay=21; // News Day
extern int NHour=19; // News Hour FXDD
extern int NMin=00; // News Minute FXDD

but my order not executed, EA is enabled
wondering what's the problem exactly
Trade the Possibilities
  • #205
  • Dec 1, 2006 12:10pm Dec 1, 2006 12:10pm
Quoting BurgerKing
OK testing..

Can you take a look at this?

Its an RSI ATR combo that was backtested for 3.5 years by the author and made x60 return.

http://www.forexfactory.com/forexfor...ead.php?t=6992
BurgerKing,

I too read the original article you were mentioning and was very interested.

Were you ever able to get an working EA that does the RSI ATR trading describe in the magazine.

Thanks.

Al
  • #206
  • Dec 2, 2006 12:35am Dec 2, 2006 12:35am
Quoting AL4715
BurgerKing,

I too read the original article you were mentioning and was very interested.

Were you ever able to get an working EA that does the RSI ATR trading describe in the magazine.

Thanks.

Al
Hi, BurgerKing.

Well, I did find the forum discussing this strategy at strategybuilderfx and the people there concluded that this is an losing trade. Two different EAs resulted in negatives.

FYI,

Al
  • #207
  • Dec 9, 2006 8:44am Dec 9, 2006 8:44am
Quoting pocoso
Which settings do u think has the best performance?

Do We need to have an universal settings or its need to change for every single important event?

What do u choose straddleEA or AmazingEA 1.1.8?

Let´s improve this amazing idea.
Since 11/17/2006 - 12/08/2006, I took a $50K Demo account to $70,800 using the Amazing EA. I change the parameters PER report. Some I use a very tight trail stop and some I let it breathe. The only thing I do NOT change is the S/L. This stays at 10 no matter what, and if the trade is taking too long to hit my target(has rarely happened so far), I will kill it manually.

I will be going live on Monday with a $50K account using strictly this EA on the account.
  • #208
  • Dec 10, 2006 2:59am Dec 10, 2006 2:59am
Quoting fxmasterjedi
Since 11/17/2006 - 12/08/2006, I took a $50K Demo account to $70,800 using the Amazing EA. I change the parameters PER report. Some I use a very tight trail stop and some I let it breathe. The only thing I do NOT change is the S/L. This stays at 10 no matter what, and if the trade is taking too long to hit my target(has rarely happened so far), I will kill it manually.

I will be going live on Monday with a $50K account using strictly this EA on the account.

Hello my freind

This is easy to make money with this ea, because broker dont do anything in demo account, and demo accounts is very diff of live accounts, you will bring your emotions and your real money and many other problems as well as brokers issue, so dont think that you made a big money in demo account with this ea, that's not mean that you can do it in live account also, this is almost 1 year now, i'm working with this kind of news tarding and with this ea also, you must be very carefull and choose best broker which is garantuee your orders and sl and tp also.
i just wanted to say that live is very diff of demo, so dont try 50k at once, first do it on mini account with your broker, and see if things is ok, then go bigger and put big money, just this last NFP i burnd more than 30% of my account, so be very carefull.
i wish you best of lucks

regards
mohsen
  • #209
  • Edited 6:12am Dec 10, 2006 6:01am | Edited 6:12am
I believe that some people think this EA is a trading system, it is not. It will enter/exit orders based upon what one specifies as input to the EA, it all depends upon how much risk you are willing to take to make those PIPs. One best way to get a feel of the fluctuation is to look at prior news, and see how much it moves. If something worked for trader_A don't expect the same results or be disappointed if what you specified fails. I have used this EA [the Amazing version], and it works, but a trade may not always get executed because of my settings.

BTW, does anyone know how this EA will work when an order gets re-quoted?
  • #210
  • Dec 10, 2006 6:49am Dec 10, 2006 6:49am
Quoting Fisher
I try to change the setting just now

extern int NDay=21; // News Day
extern int NHour=19; // News Hour FXDD
extern int NMin=00; // News Minute FXDD

but my order not executed, EA is enabled
wondering what's the problem exactly
FXDD has changed their rules for orders during the news.
your orders must be 15 - 20 pips from the current price (depending on what news)
This is why your orders were not executed if they were set at 10
also set your time to:
nhour=15
nmin =30
  • #211
  • Dec 10, 2006 7:19am Dec 10, 2006 7:19am
Quoting mohsen57
Hello my freind

This is easy to make money with this ea, because broker dont do anything in demo account, and demo accounts is very diff of live accounts, you will bring your emotions and your real money and many other problems as well as brokers issue, so dont think that you made a big money in demo account with this ea, that's not mean that you can do it in live account also, this is almost 1 year now, i'm working with this kind of news tarding and with this ea also, you must be very carefull and choose best broker which is garantuee your orders and sl and tp also.
i just wanted to say that live is very diff of demo, so dont try 50k at once, first do it on mini account with your broker, and see if things is ok, then go bigger and put big money, just this last NFP i burnd more than 30% of my account, so be very carefull.
i wish you best of lucks

regards
mohsen
Hi Mohsen,

I totally agree with your sentences.

I would like to ask you which broker can you offer who meets your criteria of guaranteed fulfilment of orders and probably constant spread etc?

Regards,

A1Cruiser
  • #212
  • Dec 10, 2006 9:08am Dec 10, 2006 9:08am
I guess one needs a broker without a dealing desk to get orders filled during news time, is this correct? Any brokers out there which allow trading during news time with tight spreads without crashing, freezing, re-quotes, slippage, etc?
  • #213
  • Edited 11:08am Dec 10, 2006 11:06am | Edited 11:08am
Quoting mohsen57
Hello my freind

This is easy to make money with this ea, because broker dont do anything in demo account, and demo accounts is very diff of live accounts, you will bring your emotions and your real money and many other problems as well as brokers issue, so dont think that you made a big money in demo account with this ea, that's not mean that you can do it in live account also, this is almost 1 year now, i'm working with this kind of news tarding and with this ea also, you must be very carefull and choose best broker which is garantuee your orders and sl and tp also.
i just wanted to say that live is very diff of demo, so dont try 50k at once, first do it on mini account with your broker, and see if things is ok, then go bigger and put big money, just this last NFP i burnd more than 30% of my account, so be very carefull.
i wish you best of lucks

regards
mohsen
I've been trading for a long time now, so I am not new to this. I trade the news with an institutional platform with over $400K in my account, and i trade 35 to 70 std lots. I've been testing this EA for 2 months now. I have a broker that I will not disclose under any circumstance that told me if I have the margin to allow the trade to happen, I will NOT have any problems getting executed on a limit order as most experience on market orders when using MT4.

I trade the initial "spike" of the news and I am successful at it, but I am looking to see what this EA will do. I am going to start off with 1 lot at first and see how it goes live. I will be using the same parameters that I use when I trade my major account. I have a EA that was written for MT4 that will allow me to use ANY trail stop I want, including as low as 1. I will be using 2 on ALL trades, and we'll see how it goes.

Also, I do NOT trade all reports. There are only a few a month, and I base my parameters off of historical data of each individual release.

I appreciate the concern, and thank you for it, as someone new would need to be warned.
  • #214
  • Dec 10, 2006 6:03pm Dec 10, 2006 6:03pm
Some good thoughts on this forum. It definately does pay to pick the news events to trade. Personally I place them in two catagories, the ones where I trade the spike ( these are the ones where historically there is less of a chance for quick reversal spikes) and the ones where I stand aside and play the later reaction after the initial spike (these are the ones that have a high probability of reversal spikes). These often become swing trades rather than instant pip graber trades.

I try to keep a record of each news event (Log book and sometimes print the chart). Over time this gives some insight into the "personality" of each event. You can do some of this yourself by scrolling back through your charts and print the event. Lay out the charts and live with them for a while. Surprising how a particular event often shows the same personality over and over.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #215
  • Edited 6:48pm Dec 10, 2006 6:12pm | Edited 6:48pm
Quoting fxhermit
Some good thoughts on this forum. It definately does pay to pick the news events to trade. Personally I place them in two catagories, the ones where I trade the spike ( these are the ones where historically there is less of a chance for quick reversal spikes) and the ones where I stand aside and play the later reaction after the initial spike (these are the ones that have a high probability of reversal spikes). These often become swing trades rather than instant pip graber trades.

I try to keep a record of each news event (Log book and sometimes print the chart). Over time this gives some insight into the "personality" of each event. You can do some of this yourself by scrolling back through your charts and print the event. Lay out the charts and live with them for a while. Surprising how a particular event often shows the same personality over and over.
You have listed some VERY good advice here, as you should not use this EA or any other news trading service for the spike on every FA that is released. As I said, I pick and choose the news I trade on my big account, so you really need to do your homework and learn each FA and it behavior patterns.

This past Friday on the NFP, I used the Amazing EA with a 7 pips away and 20 limit and a 2 pip trail. I ended up with 18 and my Trail Stop taking me out. As I stated in my first post, I change the parameters PER trade and so should everyone.

<TABLE cellSpacing=1 cellPadding=3 border=0><TBODY><TR align=left><TD colSpan=14>Closed Transactions:</TD></TR><TR align=middle bgColor=#c0c0c0><TD>Ticket</TD><TD noWrap>Open Time</TD><TD>Type</TD><TD>Lots</TD><TD>Item</TD><TD>Price</TD><TD>S / L</TD><TD>T / P</TD><TD noWrap>Close Time</TD><TD>Price</TD><TD>Commission</TD><TD>Taxes</TD><TD>Swap</TD><TD>Profit</TD></TR><TR align=right><TD title="#51 cancelled">122245</TD><TD class=msdate noWrap>2006.12.08 13:25</TD><TD>buy stop</TD><TD>20.10</TD><TD>gbpusd</TD><TD style="mso-number-format: 0.0000">1.9595</TD><TD style="mso-number-format: 0.0000">1.9577</TD><TD style="mso-number-format: 0.0000">1.9640</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD style="mso-number-format: 0.0000">1.9552</TD><TD colSpan=4>cancelled</TD></TR><TR align=right bgColor=#e0e0e0><TD title="#51 EA Order[sl]">122246</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD>sell</TD><TD>20.10</TD><TD>gbpusd</TD><TD style="mso-number-format: 0.0000">1.9556</TD><TD style="mso-number-format: 0.0000">1.9538</TD><TD style="mso-number-format: 0.0000">1.9511</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD style="mso-number-format: 0.0000">1.9538</TD><TD>-100.50</TD><TD>0.00</TD><TD>0.00</TD><TD>3 618.00</TD></TR><TR align=right><TD title="#51 cancelled">122247</TD><TD class=msdate noWrap>2006.12.08 13:25</TD><TD>buy stop</TD><TD>1.32</TD><TD>eurusd</TD><TD style="mso-number-format: 0.0000">1.3283</TD><TD style="mso-number-format: 0.0000">1.3273</TD><TD style="mso-number-format: 0.0000">1.3318</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD style="mso-number-format: 0.0000">1.3248</TD><TD colSpan=4>cancelled</TD></TR><TR align=right bgColor=#e0e0e0><TD title="#51 EA Order[sl]">122248</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD>sell</TD><TD>1.32</TD><TD>eurusd</TD><TD style="mso-number-format: 0.0000">1.3252</TD><TD style="mso-number-format: 0.0000">1.3244</TD><TD style="mso-number-format: 0.0000">1.3217</TD><TD class=msdate noWrap>2006.12.08 13:30</TD><TD style="mso-number-format: 0.0000">1.3244</TD><TD>-6.60</TD><TD>0.00</TD><TD>0.00</TD><TD>105.60</TD></TR><TR align=right><TD title="#23 cancelled">123082</TD><TD class=msdate noWrap>2006.12.08 14:55</TD><TD>buy stop</TD><TD>1.33</TD><TD>eurusd</TD><TD style="mso-number-format: 0.0000">1.3354</TD><TD style="mso-number-format: 0.0000">1.3344</TD><TD style="mso-number-format: 0.0000">1.3374</TD><TD class=msdate noWrap>2006.12.08 15:00</TD><TD style="mso-number-format: 0.0000">1.3347</TD><TD colSpan=4>cancelled</TD></TR><TR align=right bgColor=#e0e0e0><TD title="#23 cancelled">123083</TD><TD class=msdate noWrap>2006.12.08 14:55</TD><TD>sell stop</TD><TD>1.33</TD><TD>eurusd</TD><TD style="mso-number-format: 0.0000">1.3332</TD><TD style="mso-number-format: 0.0000">1.3343</TD><TD style="mso-number-format: 0.0000">1.3312</TD><TD class=msdate noWrap>2006.12.08 15:00</TD><TD style="mso-number-format: 0.0000">1.3345</TD><TD colSpan=4>cancelled</TD></TR><TR align=right><TD title="#23 cancelled">123084</TD><TD class=msdate noWrap>2006.12.08 14:55</TD><TD>buy stop</TD><TD>21.10</TD><TD>gbpusd</TD><TD style="mso-number-format: 0.0000">1.9717</TD><TD style="mso-number-format: 0.0000">1.9700</TD><TD style="mso-number-format: 0.0000">1.9740</TD><TD class=msdate noWrap>2006.12.08 15:00</TD><TD style="mso-number-format: 0.0000">1.9710</TD><TD colSpan=4>cancelled</TD></TR><TR align=right bgColor=#e0e0e0><TD title="#23 cancelled">123085</TD><TD class=msdate noWrap>2006.12.08 14:55</TD><TD>sell stop</TD><TD>21.10</TD><TD>gbpusd</TD><TD style="mso-number-format: 0.0000">1.9686</TD><TD style="mso-number-format: 0.0000">1.9696</TD><TD style="mso-number-format: 0.0000">1.9663</TD><TD class=msdate noWrap>2006.12.08 15:00</TD><TD style="mso-number-format: 0.0000">1.9707</TD><TD colSpan=4>cancelled</TD></TR><TR align=right><TD colSpan=10></TD><TD>-107.10</TD><TD>0.00</TD><TD>0.00</TD><TD>3 723.60</TD></TR><TR align=right><TD align=right colSpan=12>Closed P/L:</TD><TD title="Commission + Swap + Profit + Taxes" align=right colSpan=2>3 616.50</TD></TR></TBODY></TABLE>
  • #216
  • Dec 10, 2006 6:22pm Dec 10, 2006 6:22pm
Quoting fxmasterjedi
As I said, I pick and choose the news I trade on my big account, so you really need to do your homework and learn each FA and it behavior patterns.
Agree. I use excel from Maxey to pick what economic indicator to trade and study it's behaviour pattern.
Amazing EA.. the doubtless amazing.. thanks to 5thElement
Well.. good luck to straddler out there
Trade the Possibilities
  • #217
  • Dec 10, 2006 7:10pm Dec 10, 2006 7:10pm
Does anyone have any feedback on the FIBO GROUP as a broker especially relating to news event trading as well as general trading. Their web site proclaims guaranteed fills on orders (stop/loss, etc.) under all market conditions. (Boy! where have we heard that before?). Of coure, they don't say if the fills are in your favour or theirs.

Always on the lookout for a good MT4 broker.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #218
  • Dec 10, 2006 9:27pm Dec 10, 2006 9:27pm
I was wondering is it possible to place a trail stop of 5 pips in the EA? My broker (Interbankfx) has a standard minimum of 15 pips, but I noticed that you can pick the trailing stop for Amazing EA 1.1.8

Thanks for input.

yezbick
  • #219
  • Dec 10, 2006 9:53pm Dec 10, 2006 9:53pm
Quoting Fisher
Agree. I use excel from Maxey to pick what economic indicator to trade and study it's behaviour pattern.
Amazing EA.. the doubtless amazing.. thanks to 5thElement
Well.. good luck to straddler out there
Maxey's excel spreadsheet:
http://www.forexfactory.com/forexfor...38&postcount=1

I prefer to have a link to it so that the file you download will always be the latest posted in his thread.
  • #220
  • Dec 11, 2006 8:10am Dec 11, 2006 8:10am
Quoting A1Cruiser
Hi Mohsen,

I totally agree with your sentences.

I would like to ask you which broker can you offer who meets your criteria of guaranteed fulfilment of orders and probably constant spread etc?

Regards,

A1Cruiser
Hi A1Cruiser.
sorry for late reply.
about the brokers, there is a lot of them, all you need is to ask their policy about Stop loss and buy stop issue...
i heard these brokers maybe good: Crown, tradexfx,ibfx,fibo,nf,spacevision, and some other brokers.
i wish you luck
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