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News Straddle

  • #1
  • First Post: Aug 4, 2010 9:04am Aug 4, 2010 9:04am
Hi

I'm looking for an EA that can place two orders at the same time, just seconds before the news release... A buy stop a few pips above the PA & a sell stop a few pips below the PA (manually set).

I've looked at the generic breakout EA v7, but it is tooooo complicated...

Can anybody help please


Thanks
  • #2
  • Aug 4, 2010 9:38am Aug 4, 2010 9:38am
Quoting EasyTrader
Hi

I'm looking for an EA that can place two orders at the same time, just seconds before the news release... A buy stop a few pips above the PA & a sell stop a few pips below the PA (manually set).

I've looked at the generic breakout EA v7, but it is tooooo complicated...

Can anybody help please


Thanks
I have found it... here: http://www.forexfactory.com/showthread.php?t=6854

If there is something similar or better, please let me know.

Thanks
  • #3
  • Aug 4, 2010 9:42am Aug 4, 2010 9:42am
It won't work consistently anyway. News events produce slippage and widened spreads that make it nearly impossible to make money. It's a basically a coin-toss; no statistical edge.
You are in a maze of twisty little passages, all alike.
  • #4
  • Aug 4, 2010 9:43am Aug 4, 2010 9:43am
I have to add... don't trade the straddle on any news... THATS JUST DUMB!!!!

Only these:

http://www.forexpeacearmy.com/forex-...d-part-ii.html

Cheers and happy pippin
  • #5
  • Aug 4, 2010 9:45am Aug 4, 2010 9:45am
Quoting stevegee58
It won't work consistently anyway. News events produce slippage and widened spreads that make it nearly impossible to make money. It's a basically a coin-toss; no statistical edge.
Depends on which broker you use... Shop around until you find one that fits your style...
  • #6
  • Aug 4, 2010 10:03am Aug 4, 2010 10:03am
Quoting EasyTrader
Depends on which broker you use... Shop around until you find one that fits your style...
Well I've met guys who woke up one morning with the genius idea of straddling the NFP and retiring by 25. Obviously it's not that easy or everybody would be doing it and living in mansions with Ferraris out front.
You are in a maze of twisty little passages, all alike.
  • #7
  • Aug 4, 2010 2:15pm Aug 4, 2010 2:15pm
Quoting stevegee58
Well I've met guys who woke up one morning with the genius idea of straddling the NFP and retiring by 25. Obviously it's not that easy or everybody would be doing it and living in mansions with Ferraris out front.
Then I have been LUCKY so far... Hope my luck doesn't run out.

I know exactly what news to trade...
I get quotes from Dustin Pass (Oracle Trader)
I compare quotes to Henry Liu
Set up the orders 1 min before news release
Wait for the news feed
If Oracle trader says BUY... I close sell order
If Oracle trader sys SELL... I close buy order

Works for me... and I never use big lots... and I always put a stoploss.

If you practice on DEMO you will get the hang of it.

I would like to have an EA that I can use to place those two orders secs before the release.

I'm checking out amazing EA 1.1.8, but not sure how it works. I've tried the links above, but can't seem to get it to work.

I would like to place the two orders at the same time at the push of a button.

Is there an EA that can do this?
  • #8
  • Aug 5, 2010 3:47am Aug 5, 2010 3:47am
OK! I have found the EA and it works pretty well.

I'm going to test this on live account with micro lots to see how the broker (IBFX) give me good market execution or screw me...

Remember the stop losses...

Cheers


Here it is:

Attached File(s)
File Type: ex4 News Trading.ex4   21 KB | 1,097 downloads
  • #9
  • Aug 8, 2010 11:23pm Aug 8, 2010 11:23pm
I just googled around, and found this:


http://www.forexpeacearmy.com/forex-...ount-scam.html

Good luck.
  • #10
  • Edited 8:26am Aug 10, 2010 7:23am | Edited 8:26am
Quoting EasyTrader
OK! I have found the EA and it works pretty well.

I'm going to test this on live account with micro lots to see how the broker (IBFX) give me good market execution or screw me...

Remember the stop losses...

Cheers


Here it is:

Attachment
This one calculates the 5 digit automatically. But once I've attached to my chart it worked but when I've deleted my stop orders it doesn't want to work anymore. Any ideas??? It still says Waiting for the next tick even if the market is ticking fast.
UPDATE: ok I didn't set the time, that was the problem.
anywayz did you trade CAD news one hour ago?
  • #11
  • Feb 6, 2012 6:31pm Feb 6, 2012 6:31pm
Quoting stevegee58
Well I've met guys who woke up one morning with the genius idea of straddling the NFP and retiring by 25. Obviously it's not that easy or everybody would be doing it and living in mansions with Ferraris out front.

Who cares if the spread double or triple if the currency is going to move 125 pips in one second
  • #12
  • Last Post: Feb 6, 2012 6:34pm Feb 6, 2012 6:34pm
Quoting EasyTrader
Then I have been LUCKY so far... Hope my luck doesn't run out.

I know exactly what news to trade...
I get quotes from Dustin Pass (Oracle Trader)
I compare quotes to Henry Liu
Set up the orders 1 min before news release
Wait for the news feed
If Oracle trader says BUY... I close sell order
If Oracle trader sys SELL... I close buy order

Works for me... and I never use big lots... and I always put a stoploss.

If you practice on DEMO you will get the hang of it.

I would like to have an EA that I can use to place those two orders secs before...

have a look in this post for straddle&trail or just look for straddle ea millions of them
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